Rigetti Wins 2026 Stock Pick Over Quantum Computing on $100 Million Contract

7 articles · Updated · The Motley Fool · May 26

$100 million in potential U.S. government business and a sharper 2026 sales rebound pushed Rigetti ahead of Quantum Computing in the analyst’s 2026 stock pick.
Rigetti posted $4.4 million in first-quarter revenue versus $1.5 million in 2025, while Quantum Computing rose to $3.7 million from $39,000, but Rigetti still has the larger revenue base and broader superconducting adoption.
2025 results for both companies remained deeply unprofitable: Rigetti’s revenue fell 34.3% to $7.1 million with a $216.2 million net loss, while Quantum Computing generated $682,000 with an $18.7 million loss.
Both companies carry no debt and large cash cushions, but Rigetti depends on government customers for 90.2% of revenue, while Quantum Computing faces East Asia supply-chain and manufacturing scale-up risks.
Valuations remain extreme for both early-stage quantum names—Rigetti at 848 times sales and Quantum Computing at 530 times—making the bet hinge on which technology reaches commercial adoption first.

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