{"id":65944,"date":"2025-08-13T20:37:10","date_gmt":"2025-08-13T20:37:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/65944\/"},"modified":"2025-08-13T20:37:10","modified_gmt":"2025-08-13T20:37:10","slug":"rigetti-computing-stays-the-course-in-push-for-quantum-advantage","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/65944\/","title":{"rendered":"Rigetti Computing Stays The Course In Push For Quantum Advantage"},"content":{"rendered":"\n

Rigetti Computing, Inc. (NASDAQ:RGTI<\/a>) shares are trading higher<\/a> on Wednesday.<\/p>\n

The firm\u00a0released its second-quarter results after Tuesday\u2019s closing bell, with quarterly losses of\u00a013 cents per share, which missed the analyst consensus estimate for losses of 6 cents.\u00a0<\/a><\/p>\n

Quarterly revenue came in at\u00a0$1.8 million,\u00a0which missed the analyst consensus estimate of\u00a0$1.88 million\u00a0and is down from revenue of $3.086 million\u00a0from the same period last year.<\/p>\n

Also Read: Rigetti Vs. IonQ: Will Cash Beat Speed In Race For Quantum Advantage?<\/a><\/p>\n

Despite the miss, Wall Street analysts maintained bullish outlooks, pointing to progress on Rigetti\u2019s technology roadmap.<\/p>\n

Analyst N. Quinn Bolton reiterated the Buy rating on the stock, with a price forecast of $18.<\/p>\n

Bolton said Rigetti met its mid-year goal with a four-chiplet, 36-qubit Cepheus-1-36Q QPU reaching 99.5% median two-qubit fidelity. He added that this strengthens management\u2019s confidence in delivering a >100-qubit system with 99.5% median two-gate fidelity by year-end. He also noted quantum advantage remains about four years away and will require meeting four key specifications.<\/p>\n

Rigetti, which went public in February 2022 as the second pure-play quantum firm, is a full-stack pioneer with proprietary quantum-classical infrastructure and is well-positioned to benefit as the industry advances in the near and long term.<\/p>\n

Bolton added that its approach, built on scalable multi-chip processors designed, manufactured and housed at Fab-1, lets commercial and government customers explore applications while the company and peers work toward fully fault-tolerant systems.<\/p>\n

According to the analyst, existing partnerships and customer ties should lead to follow-on R&D agreements and larger opportunities as scaling continues.<\/p>\n

Analysts expect that from 2026 onward, the company will raise its qubit count to the hundreds and improve median two-qubit gate fidelity to 99.9%. They also anticipate the introduction of qLDPC-based quantum error correction.<\/p>\n

Analyst David Williams reiterated the Buy rating, raising the price forecast to $20 from $14.<\/p>\n

Williams said Rigetti remains on track to deliver a 100-qubit, multi-chiplet QPU with 99.5% two-qubit gate fidelity by year-end, a key step toward quantum advantage. He noted the newly released Cepheus-1 met that fidelity goal while cutting error rates, debuting what he views as the industry\u2019s largest multi-chip processor for quantum computing and reinforcing the scalability of Rigetti\u2019s architecture.<\/p>\n

Story Continues <\/p>\n

He added that these gains firm up the roadmap to a 1,000+-qubit system with 99.9% fidelity, built-in error correction, and sub-50 ns gate times needed for advantage.<\/p>\n

While management still sees a three-to-four-year timeline to reach that threshold, the analyst expects meaningful revenue opportunities well before then.<\/p>\n

Williams also highlighted that Rigetti increased cash by $350 million to about $570 million during the period, which he believes is sufficient to fund continued investment through commercialization.<\/p>\n

Management said the long-term objective over the next three to four years is a 1,000-qubit system targeting 99.9% fidelity, built-in error correction, and sub-50 ns gates, enabled by advances in cabling, cryogenics, and chiplet density.<\/p>\n

They also argued the chiplet architecture is the only practical route to scale and noted strong patent protection.<\/p>\n

Price Action: RGTI shares are trading higher by 1.31% to $16.41 at last check Wednesday.<\/p>\n

Read Next:<\/p>\n

Image via Shutterstock<\/p>\n

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This article Rigetti Computing Stays The Course In Push For Quantum Advantage<\/a> originally appeared on Benzinga.com<\/a><\/p>\n

\u00a9 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"Rigetti Computing, Inc. (NASDAQ:RGTI) shares are trading higher on Wednesday. The firm\u00a0released its second-quarter results after Tuesday\u2019s closing…\n","protected":false},"author":2,"featured_media":65945,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[52398,64,63,257,52399,22859,2290,105],"class_list":["post-65944","post","type-post","status-publish","format-standard","has-post-thumbnail","category-computing","tag-analyst-consensus","tag-au","tag-australia","tag-computing","tag-david-williams","tag-fidelity","tag-rigetti-computing","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/65944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=65944"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/65944\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/65945"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=65944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=65944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=65944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}