Rigetti Computing, Inc. 2026 Q1 - Results - Earnings Call Presentation

Rigetti Computing released its Q1 2026 earnings presentation, highlighting financial performance and strategic progress in quantum hardware development during the quarter. The company emphasized advancements in its 84-qubit Aspen-M processor, achieving improved gate fidelities and coherence times, positioning it for near-term commercial applications. Revenue growth was driven by expanded partnerships with government agencies and private-sector clients, including cloud-based quantum access deals and hybrid computing contracts. Rigetti reported reduced operational losses compared to Q1 2025, citing cost efficiencies in chip fabrication and supply chain optimizations as key factors. Management reaffirmed its 2026 roadmap, targeting a 1,000-qubit system by year-end while accelerating software tooling for error mitigation and algorithm development.