Rigetti Computing reports $5.1M in Q2 revenue, with $4.1M from system and component sales, as Wedbush notes operational strides.
Rigetti Computing (RGTI) posted second-quarter revenue of $5.1M, including $4.1M from system and component sales, marking a notable increase from zero in prior periods. The results reflect progress in the quantum computing firm’s commercialization efforts.
The company’s performance follows prior quarters with limited hardware sales, underscoring growth in its core business segments. Analysts at Wedbush Securities acknowledged the quarter as a step forward for Rigetti’s operational trajectory.
Shares showed minimal movement in premarket trading, signaling cautious investor reaction to the results.