Rigetti Computing's shares dropped 5.19% after its third-quarter results missed expectations, but analysts saw important engineering improvements.

Nov 11, 2026, 12:12 PM ETResultsRead the original at Benzinga

Neutral

Rigetti reported lower-than-expected third-quarter sales, but met its 99.5% accuracy goal and secured up to $100 million in federal funding. The sales miss and engineering progress point in different directions, so the report leaves its outlook unchanged.

RGTI · Rigetti Computing Inc

AI read · Neutral

The AI's read

Analysts blamed delivery timing for the sales shortfall. The accuracy result shows engineering progress, but larger machines and 2027 sales remain plans, not completed deliveries. Rigetti expects about $20 million in 2026 sales, assuming C-DAC accepts an $8.4 million machine in the fourth quarter. That makes the forecast depend on a future customer decision. Needham cut its price target from $31 to $15. Rosenblatt kept its $40 target, so analyst views also differ.

Get alerts for RGTI

Follow Rigetti Computing Inc (RGTI) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for RGTI

Free on the App Store and Google Play, or on the web.