Rigetti Shares Drop 4.6% After $5.1 Million Q2 Revenue Miss
Updated
Updated · Benzinga · Aug 6
Rigetti Shares Drop 4.6% After $5.1 Million Q2 Revenue Miss
3 articles · Updated · Benzinga · Aug 6
Summary
Rigetti fell 4.6% to $15.77 in Thursday extended trading after reporting second-quarter revenue of $5.1 million, just below the $5.15 million Wall Street estimate.
A loss of 5 cents a share matched analyst expectations, leaving the revenue shortfall as the main trigger for the after-hours decline.
CEO Subodh Kulkarni said the company kept advancing system performance, its core technology roadmap and on-premises deployments while seeing broader engagement from government, academic and commercial customers.
The reaction underscores how closely investors are tracking execution and sales traction at quantum-computing companies even when earnings land in line.