Rigetti Computing Tops Q1 Revenue Estimates With $4.4 Million as Shares Swing After Hours
Updated
Updated · Sherwood News · May 11
Rigetti Computing Tops Q1 Revenue Estimates With $4.4 Million as Shares Swing After Hours
2 articles · Updated · Sherwood News · May 11
$4.4 million in first-quarter revenue beat analysts’ $4.1 million estimate, while Rigetti posted an adjusted loss of $0.04 a share, matching forecasts.
Shares whipsawed in postmarket trading—falling nearly 6% at one point before turning higher—even though the stock remained well above last week’s close after Monday’s rally.
Rigetti is still one of the lowest-revenue pure-play quantum companies with a market value above $3 billion, underscoring how the sector often trades more on speculative appetite than fundamentals.
That appetite has revived since April, helped by a US-Iran ceasefire and Nvidia’s new open models for quantum calibration and error correction; Rigetti is also rolling out its 108-qubit system, with an India deployment expected in the second half.
Can Rigetti's hardware sales justify its $6 billion valuation before its massive cash pile runs dry?
As quantum threats accelerate, is exporting powerful systems to nations like India a security risk or a strategic necessity?
With quantum computers now on the cloud, when will they solve real problems instead of just fueling market speculation?