Rigetti’s India Quantum Win Offsets Setbacks And Shapes Valuation Story - simplywall.st

United States/Semiconductors/NasdaqCM:RGTIRigetti’s India Quantum Win Offsets Setbacks And Shapes Valuation Story January 28, 2026Simply Wall StReviewed by Bailey PembertonShareCopy Link Rigetti Computing (NasdaqCM:RGTI) secured its first major international order for a 108 qubit quantum system from India’s Centre for Development of Advanced Computing. The order marks Rigetti’s entry into India’s high performance computing ecosystem and a new phase of commercial activity outside the U.S. At the same time, the company did not advance in a key DARPA quantum program and has delayed new system launches, highlighting competitive pressure. Rigetti Computing, a quantum computing hardware and services company listed on NasdaqCM:RGTI, now has a substantial foothold in India’s supercomputing efforts through this 108 qubit system order. For investors tracking quantum hardware vendors, this type of institutional sale can be an important signal of customer interest beyond research pilots or early access programs. The missed DARPA opportunity and system launch delays point to a tougher competitive field, which is worth watching if you are comparing Rigetti with other quantum players. The combination of cross border demand and product timing challenges creates a mixed but meaningful backdrop as the company works to position its technology in government and commercial markets. Stay updated on the most important news stories for Rigetti Computing by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Rigetti Computing. NasdaqCM:RGTI Earnings & Revenue Growth as at Jan 2026 How Rigetti Computing stacks up against its biggest competitors AdvertisementQuick Assessment ✅ Price vs Analyst Target: At US$22.31, the share price sits below the US$38.85 analyst price target range midpoint. ✅ Simply Wall St Valuation: Simply Wall St views the stock as undervalued, trading about 50.5% below its estimated fair value. ❌ Recent Momentum: The 30 day return is roughly flat at around a 0.3% decline. Check out Simply Wall St's in depth valuation analysis for Rigetti Computing. Key Considerations 📊 The India 108 qubit order supports the commercial story outside the US, while the missed DARPA contract shows competition for government work is intense. 📊 Watch how this deal converts into follow on opportunities, and monitor any updates on new system launch timing and progress in other regions. ⚠️ The company remains loss making with a net income margin of 46.83%, and has recent dilution and share price volatility flagged as risks.

Dig Deeper For the full picture including more risks and rewards, check out the complete Rigetti Computing analysis. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

Simply Wall St has no position in any stocks mentioned.New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.comAbout NasdaqCM:RGTIRigetti ComputingThrough its subsidiaries, builds quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally.See The Free Research ReportExcellent balance sheet with slight risk.See The Free Research ReportSimilar CompaniesNasdaqGS:INTCIntelNasdaqGS:GOOGLAlphabetMarket InsightsHow to invest when commodity prices get messy ⚖️Richard BowmanWhy Didn’t Oil React to Venezuela? 🇻🇪Stella OngWhich Markets Will Sink or Swim in 2026? 🌍Richard BowmanAdvertisementWeekly PicksJolt_Communications on Myseum · 6 days agoThe Future of Social Sharing Is Private and People Are ReadyFair Value:US$7.9575.3% undervalued1 followerusers have followed this narrative·0 commentsusers have commented on this narrative·0 likesusers have liked this narrativeTokyo on ASML Holding · 12 days agoEU#3 - From Philips Management Buyout to Europe’s Biggest CompanyFair Value:€1.31k7.0% undervalued14 followersusers have followed this narrative·1 commentusers have commented on this narrative·6 likesusers have liked this narrativeYIyiannisz on Booking Holdings · 13 days agoBooking Holdings: Why Ground-Level Travel Trends Still Favor the Platform GiantsFair Value:US$5.47k5.7% undervalued4 followersusers have followed this narrative·0 commentsusers have commented on this narrative·2 likesusers have liked this narrativeCOcomposite32 on Shell · 21 days agoA fully integrated LNG business seems to be ignored by the market.Fair Value:UK£36.125.3% undervalued10 followersusers have followed this narrative·0 commentsusers have commented on this narrative·1 likeusers have liked this narrativeRecently Updated NarrativesANandre_santos on LVMH Moët Hennessy - Louis Vuitton Société Européenne · about 23 hours agoLVMH - A Fundamental and Historical ValuationFair Value:€586.40.5% overvalued1 followerusers have followed this narrative·0 commentsusers have commented on this narrative·0 likesusers have liked this narrativeVAValueInvestor_2026 on VeriSign · 1 day agoBad management practices jeopardize long-term future of VRSNFair Value:US$16551.3% overvalued1 followerusers have followed this narrative·0 commentsusers have commented on this narrative·0 likesusers have liked this narrativeANandre_santos on Hims & Hers Health · 2 days agoHims & Hers Health - ValuationFair Value:US$34.8514.8% undervalued2 followersusers have followed this narrative·0 commentsusers have commented on this narrative·0 likesusers have liked this narrativePopular NarrativesWEWealthAP on PayPal Holdings · about 1 month agoThe "Sleeping Giant" Stumbles, Then Wakes UpFair Value:US$8232.3% undervalued82 followersusers have followed this narrative·6 commentsusers have commented on this narrative·35 likesusers have liked this narrativeOOOOO97 on Neo Performance Materials · 27 days agoUndervalued Key Player in Magnets/Rare EarthFair Value:CA$25.3321.9% undervalued70 followersusers have followed this narrative·0 commentsusers have commented on this narrative·18 likesusers have liked this narrativeANAnalystConsensusTarget on NVIDIA · about 1 month agoNVDA: Expanding AI Demand Will Drive Major Data Center Investments Through 2026Fair Value:US$253.0225.5% undervalued1041 followersusers have followed this narrative·6 commentsusers have commented on this narrative·31 likesusers have liked this narrativeTrending DiscussionHOHolger on IREN · 4 days agoReported: Revenue growth: 2024 → 2025 sharp increase of approx. 165%. Assuming moderate annual growth of 40%, a fair value in three years would be approx. $170. Given the customer base and the story, this should be possible. I find the most valuable “property” particularly interesting, as it solves the electricity problem.1|0WIwindows96 on Oracle · 6 days ago45x is exactly what NVDA is trading at right now... if the data centre hype comes true, could happen1|0ELEl_Vikingo on 01 Quantum · 1 day agoWill certainly invest in this after appropriate DD. Curious what the competitive landacape looks like. As a 10 year crypto guy, QRL - Quantum Resistant Ledger is at about 200M MC and Lockheed Martin has it named in a patent.. so it may not be the only game in town.. but sounds solid.