Rigetti Computing (RGTI) Q1 FY26 earnings call

Rigetti Computing reported a strong Q1 FY26, marked by the general availability of its 108-qubit Cepheus-1-108Q system across major cloud platforms, validating its chiplet-based scaling architecture. The company saw significant year-over-year revenue growth driven by Novera QPU sales and government contracts, while maintaining a strong balance sheet. Management remains focused on disciplined execution of its roadmap to quantum advantage within approximately three years, prioritizing R&D investments over short-term revenue optimization.