Rigetti Computing announced Q1 2026 financial results with $4.4 million in revenue and a $26 million operating loss. The company launched its 108-qubit Cepheus-1-108Q quantum system, now available on multiple cloud platforms, marking a significant step in scalable quantum computing. Rigetti also plans to invest up to $100 million in the UK to develop a 1,000+ qubit system over the next 3-4 years, supporting international expansion and technology advancement. The company continues improving system fidelity and scaling, backed by a strong cash position of $569 million and no debt.
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Rigetti Computing is developing superconducting quantum computers, targeting a significant increase in qubit fidelity from 91% to 99.9% by around 2030, a milestone known as Quantum Advantage. Achieving this will enhance both the speed and accuracy of...
