Rigetti Computing Advances in Quantum Computing with Strategic Investments and Partnerships
Apr 2, 2025 (23 days ago)
Positive
Rigetti Computing is making strides in quantum computing through strategic collaborations and investments, positioning itself for growth in a rapidly expanding market.
Earnings and Revenue Outlook
- Rigetti Computing is expected to report an EPS of -$0.05, a 64.29% improvement year-over-year, with revenue of $2.46 million, reflecting a 19.34% decline from the prior year1
- Full-year estimates project earnings of -$0.20 per share and revenue of $14.52 million, representing year-over-year changes of +44.44% and +34.57%, respectively1
- The company holds a Zacks Rank #2 (Buy), indicating positive estimate revisions and a favorable business outlook1
Strategic Partnerships
- Rigetti has partnered with Quanta Computer, with both companies committing over $100 million each over five years to advance superconducting quantum computing technologies2
- This collaboration aims to accelerate the development of quantum systems, enhancing Rigetti's competitive position in the quantum computing sector2
Market Growth and Outlook
- Rigetti's estimated annual market value is projected to reach $1 billion to $2 billion by 2030, driven by public sector demand, including government labs2
- The broader quantum computing market is expected to expand significantly, reaching $15 billion to $30 billion annually by 2030-2040, underscoring strong growth potential2
