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Rigetti posts strong Q1 with $569M cash, 199% revenue growth, and potential $100M CHIPS Act boost

Company Fundamentals
04 Jun 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Rigetti Computing ended Q1 FY26 with $569 million in cash, no debt, and a 198.9% year-over-year revenue increase, signaling strong financial health. The company expects to recognize $2.7-$3.0 million from a Novera QPU order in Q2, supporting near-term revenue growth. Additionally, a potential $100 million investment from the CHIPS Act could enhance Rigetti's funding and accelerate its long-term quantum computing development. Despite progress in scalable chip design and cloud revenue opportunities, the stock trades at a high valuation with ongoing risks from losses and cash burn.

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