RGTI Earnings: Rigetti Stock Down despite Massive Q1 Revenue Jump
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Rigetti Computing (RGTI) shares fell in after-hours trading despite a 200% year-over-year revenue increase to $4.4 million in Q1 FY2026, surpassing expectations. The company reported an adjusted loss per share of $0.04 and an operating loss of $26 million, while ending the quarter with $569 million in cash and no debt. Wall Street has a Moderate Buy consensus on RGTI, with an average price target of $30.67, suggesting a 50.25% upside potential.
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