Rigetti Computing

RGTI fell about 5% in regular trading, driven by broad weakness in the quantum computing sector as peers IONQ, QBTS, and QUBT all declined in pre-market, adding to negative sentiment after the stock posted a 12.95% weekly drop last Friday. The company's Q2 revenue surged 185% YoY to $5.14M, but net loss widened to $52.6M with EPS of -$0.16, a 20% YoY deterioration in per-share losses, indicating revenue growth has yet to translate into profitability. At $14.88, the stock sits 74% below its 52-week high of $58.15 and has fallen below both the 20-day ($17.10) and 60-day ($17.40) moving averages, with a YTD decline of 37%. However, post-market trading saw the price recover to $15.64, suggesting some dip-buying interest.

Rigetti Computing declined during regular trading, closing near the session low at $15.61 as of ET 11:56, down 5.0% from the prior close of $16.44, with an intraday range of $15.61-$16.29. The drop was driven by broad weakness in the quantum computing sector, following a pre-market decline of 1.22%, with peers IONQ and QBTS also falling. The company reported Q2 2026 revenue of $5.14 million, up 185.29% year-over-year, but net loss widened 32.66% to $52.61 million, with EPS remaining negative. The stock is currently 73.16% below its 52-week high of $58.15, trading below both the 20-day MA of $17.25 and the 60-day MA of $17.64, and is down 33.87% year-to-date. However, Q2 revenue growth accelerated to nearly 200% YoY, indicating some progress in commercialization.

Rigetti Computing fell approximately 4.5% during regular trading, primarily driven by a broad pullback in the quantum computing sector as profit-taking followed recent gains. The stock hit an intraday low of $16.10, now 72.32% below its 52-week high of $58.15 and trading well below both its 20-day MA of $17.145 and 60-day MA of $17.959. Q2 revenue surged 185.29% YoY to $5.14M, but net loss widened to $52.6M with EPS of -$0.16, reflecting a 20.34% YoY loss deepening. However, the stock rebounded to $16.956 in after-hours trading, partially reversing the day's decline.

Rigetti Computing closed the regular session up 5.04% at $17.195, driven by a broad quantum computing sector rebound, though gains were tempered as the stock rallied from an intraday low of $16.359 to a high of $17.195 in a low-open, high-rise pattern. Q2 revenue surged 185% YoY to $5.14 million, but net loss widened to $52.61 million with EPS of -$0.16, worsening 20% YoY, highlighting revenue growth failing to offset mounting losses. The stock remains 70% below its 52-week high of $58.15, yet trades above the 20-day MA of $17.014, indicating short-term technical momentum, though a PB of 10.68x and a distance to the 60-day MA of $18.122 suggest limited upside.

Rigetti Computing opened lower and continued declining during regular trading, dropping over 5% to $16.996 by ET 09:33, driven by the lingering negative sentiment from the overnight quantum computing sector sell-off. The stock weakened in pre-market (high of $17.620) and accelerated losses after the official open, touching the intraday low of $16.996. Despite a strong Q2 revenue beat of 185.29% YoY to $5.138 million, net loss widened to $52.606 million with EPS of -$0.16, indicating that fundamental improvement couldn't offset sector-wide pressure. The stock is now 70.77% below its 52-week high of $58.15 and down 27.98% YTD, hovering between MA20 ($16.912) and MA60 ($18.272), while recent executive changes include a new CTO appointment and CFO share sales.