Analysts anticipate Rigetti Computing to report Q1 2026 revenue of $4.09 million and a consensus EPS loss of $0.0356, with the current stock price of $17.85 trading significantly below the average analyst price target of $29.18.
The primary story investors are watching is the commercial execution of the Novera quantum processing unit sales, which represents the company's shift toward an on-premises hardware revenue model.
Rigetti's recent launch of the 108-qubit Cepheus system on major cloud platforms like Amazon Braket and Microsoft Azure is expected to drive higher adoption rates. The company maintains a robust balance sheet with approximately $569 million in cash, providing a multi-year runway to achieve its 1,000-qubit technical milestone by 2027.