StocksMedium•10 November 2026•
1 min read
Rigetti Computing Stock Plummets on 60% Revenue Miss
Key Facts
1Rigetti Computing reported Q3 revenue of $1.4 million, missing analyst estimates of $3.5 million by 60%.
2The company announced a leadership restructuring intended to improve operational execution and customer deployments.
Rigetti Computing reported Q3 revenue of $1.4 million, missing analyst estimates of $3.5 million by 60%. FXLeaders reported that the company announced a leadership restructuring intended to improve operational execution and customer deployments, with David Rivas becoming Chief Operating Officer and Andrew Bestwick taking over as CTO.
RGTI closed at $12.98 on November 9, 2026, prior to the results which showed an operating loss of $33.2 million for the third quarter. Despite the quarterly revenue miss, cash, cash equivalents, and available-for-sale investments totaled $497.1 million as of September 30, 2026, with the company expecting full-year revenue of approximately $20 million.