StocksMedium•11 November 2026•
1 min read
Quantum Computing Stocks Dip as Rigetti Misses Revenue and Issues Soft Guidance
Key Facts
1Rigetti shares dropped 5% after reporting Q3 revenue of $1.4 million, a 28% year-over-year decline that missed estimates.
2Rigetti issued soft 2026 full-year revenue guidance of approximately $20 million, trailing analyst expectations.
Rigetti shares dropped 5% after reporting Q3 revenue of $1.4 million, representing a 28% year-over-year decline. 24/7 Wall St. reported that the figures missed analyst estimates, and the company further disappointed markets by issuing soft 2026 full-year revenue guidance of approximately $20 million, which trailed expectations.
The negative surprise weighed on peer instruments in the quantum computing sector, dragging IONQ shares down by 2%. IONQ closed at $34.99 on November 10, 2026. Despite the financial shortfall, Rigetti's Cepheus-1-108Q system reportedly met its technical gate fidelity targets, and the company maintained a cash buffer of $497.1 million as of September 30, 2026.