Rigetti Computing Inc (NASDAQ:RGTI) shares are tumbling on Friday as the company prepares to report its earnings next week, amid a broader sell-off in the tech sector. Here’s what investors need to know.
- Rigetti Computing stock is taking a hit today. Why is RGTI stock dropping?
Rigetti Earnings Due March 4
Analysts are closely watching Rigetti’s upcoming earnings report scheduled for March 4, with expectations of a loss of 4 cents per share on revenue of $2.46 million.
This follows a previous loss of 8 cents per share and revenue of $2.27 million, indicating a potential improvement in financial performance.
IonQ Delivers Massive Revenue Beat
In the quantum computing sector, IonQ Inc (NYSE:IONQ) this week reported a massive revenue beat, generating $61.9 million in the fourth quarter, a 429% increase year-over-year.
This performance has raised expectations across the sector, as investors look for similar growth indicators from Rigetti in its upcoming report.
QBTS Falls After Target Cuts
D-Wave Quantum Inc (NYSE:QBTS) shares meanwhile fell Friday after its latest results prompted Wall Street to reset expectations. Evercore ISI cut its price target to $42 from $44 and Roth Capital lowered its target to $30 from $40 following mixed fourth-quarter and 2025 figures.
The company posted an adjusted fourth-quarter loss of 9 cents per share on revenue of $2.75 million, missing forecasts, but bookings jumped 471% to $13.4 million and cash and securities reached $884.5 million.
For 2025, revenue surged 179% to $24.6 million, which CEO Alan Baratz called one of the most transformative years in D-Wave’s history.
Momentum Cools After Sharp Rally
Rigetti Computing shares have had a volatile past year, climbing from around $7.50 to a peak near $56.34 in late 2025 before sliding back into the high-teens by February 2026.
Short-term moving averages have rolled over and converged with the price while the 200-day average continues to slope upward, suggesting momentum has cooled sharply even as the longer-term trend remains positive.
RGTI Shares Slide Friday Afternoon
RGTI Price Action: Rigetti Computing shares were down 9.76% at $16.82 at the time of publication on Friday, according to Benzinga Pro data.
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