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Rigetti Computing beat earnings estimates despite a revenue shortfall and announced plans for larger quantum systems by 2027.
Rigetti Computing reported a narrower quarterly loss of $0.03 per share, beating estimates by $0.02, though revenue of $1.94 million fell short of the $2.17 million expected.
The company, developing quantum computing hardware and cloud services, outlined plans to deploy a system with over 150 qubits by late 2026 and a 1,000+ qubit system by 2027, targeting high gate fidelity.
Despite the loss and revenue miss, shares dipped slightly, and analysts maintained a "Moderate Buy" consensus with a $29.29 target.
Insiders sold over $10 million in stock recently.
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Rigetti Computing superó las estimaciones de ganancias a pesar de un déficit de ingresos y anunció planes para sistemas cuánticos más grandes para el año 2027.