What Moved Rigetti Stock?
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Rigetti Computing (RGTI) stock declined 6.4% on Tuesday, November 10, 2026, compared with a 0.4% drop for the S&P 500. The company’s third-quarter results might look like the reason. Yet Rigetti released the numbers after the market close that day, and quantum peers D-Wave Quantum and Quantum Computing Inc. fell even further during the regular session. So what did Rigetti report once trading had ended?
What Did Rigetti’s Third-Quarter Results Show?
Rigetti generated about $1.4 million in third-quarter revenue, falling well short of the $3.5 million analysts expected. Revenue also fell from the $1.9 million reported a year earlier. Management attributed the decline to the timing of system deliveries, customer acceptance milestones and government-funded development programs. The company also posted a slightly wider loss than expected. Adjusted earnings per share came in at a loss of $0.06, trailing the $0.052 loss analysts had estimated.
Management said quarterly revenue can swing a lot because it comes from a small number of system deliveries and contracts, and that revenue for the first nine months of 2026 already exceeded the $7.1 million of all of 2025. It expects about $20 million for the full year. That outlook assumes the C-DAC system, which Rigetti is setting up at India’s national lab, is accepted by the customer in the fourth quarter. Management also said its 108-qubit Cepheus-1-108Q system met its performance milestone during the quarter.
Did Rigetti Fall With Other Quantum Stocks?
Yes, with two of them. Among its peers, D-Wave Quantum fell 8.6% and Quantum Computing fell 8.2% the same session, while technology stocks as a whole fell far less.
The Nasdaq Composite lost 0.7% and XLK, the technology sector fund, lost 1.2%, on a day when a hot October inflation report rattled markets. Rigetti fell less than those two quantum peers, but several times as much as the sector fund.
Rigetti Stock Sits Near Its One-Year Low
A decline of this magnitude is not unusual for Rigetti. The stock dropped at least as much on 37 sessions in the prior year. This latest move followed gains of 19.3% on November 6 and 10.5% on November 9.
Holders have had a hard year. Over the past twelve months Rigetti stock lost 64.0%, against a 13.1% gain for the S&P 500. It fell 34.0% in the last three months alone. The session left it about 23% above its lowest close of the past year, $9.85 on November 5, 2026, and far below its close of $33.08 on November 10, 2025.
Rigetti’s fourth-quarter revenue, which management’s outlook assumes will include the C-DAC system, is the figure to watch when the company next reports.
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