IonQ (IONQ) vs. D-Wave Quantum (QBTS): Which Quantum Computing Stock Looks Stronger after Earnings? - TipRanks
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Rigetti Computing RGTI -6.55% ▼ is scheduled to announce its results for the fourth quarter of 2025 on March 4. RGTI stock has declined 21% so far this year amid a broader selloff in the tech sector due to concerns about steep valuations and artificial intelligence (AI) disruption. Despite the recent pullback, RGTI shares have risen 117% over the past year owing to investor optimism around quantum computing. According to TipRanks’ Options Tool, options traders expect about a 13.55% move in either direction in RGTI stock in reaction to Q4 2025 earnings.Claim 50% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potentialThis implied move is higher than RGTI stock’s average post-earnings move (in absolute terms) of 7.54% over the past four quarters.Wall Street expects RGTI to report a narrower loss per share of $0.03 for Q4 2025 compared to $0.08 in the prior-year quarter. Revenue is expected to rise 2.6% to $2.33 million.Investors will look forward to management’s updates on the company’s roadmap, the commercial demand for its offerings, and signs of improvement in revenue and margins. It is worth noting that rival IonQ IONQ -6.14% ▼ reported upbeat Q4 2025 results and became the first publicly traded quantum computing company to generate over $100 million in annual revenue.In its Q3 earnings release, Rigetti stated that it was on track to deliver its 100+ qubit chiplet-based quantum system with 99.5% median two-qubit gate fidelity by the end of 2025. The company also said that it expects to deploy a 150+ qubit system by 2026 with 99.7% fidelity and a 1,000+ qubit system by 2027 with 99.8% fidelity.Analysts’ Views on Rigetti StockRecently, TD Cowen analyst Krish Sankar downgraded Rigetti to Hold from Buy, citing a balanced risk/reward given the stock’s premium valuation despite the company lagging peers in top-line growth and scaling/fidelity rates. The 5-star analyst cautioned investors about RGTI’s cash burn and the possible need to raise capital in 1-2 years.Sankar also warned about intense competition from major tech players, including IBM IBM -0.74% ▼ , Alphabet GOOGL +1.42% ▲ , and Honeywell HON +1.63% ▲ , and other quantum approaches such as ion traps, neutral atom, and photonic systems, as well as execution risks tied to the scalability and fidelity of the company’s own processor roadmap.In contrast, B. Riley analyst Craig Ellis upgraded RGTI stock to Buy from Hold while keeping the price target intact at $35. The 5-star analyst expressed optimism about the company’s near-term commercial trajectory. Ellis added that following the order from India’s Centre for Development of Advanced Computing (C-DAC), he now has greater visibility into the company’s 2026 estimates. It is worth noting that in January 2026, Rigetti secured an $8.4 million order from India’s C-DAC to deliver a 108-qubit quantum computer. Is RGTI a Good Stock to Buy?Ahead of Q4 2025 earnings, Wall Street has a Moderate Buy consensus rating on Rigetti Computing stock based on five Buys and two Holds. The average RGTI stock price target of $38.75 indicates 122.5% upside potential.