Mizuho has initiated coverage on Rigetti Computing Inc (RGTI) with an Outperform rating, marking the firm's first assessment of the company's investment potential. This decision reflects Mizuho's analysis of Rigetti's business, industry dynamics, and growth prospects in the semiconductor sector.
Rigetti Computing, headquartered in Berkeley, California, specializes in full-stack quantum computing services. The company operates quantum computers over the cloud, serving global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. With a market capitalization of $8.6 billion and a trailing twelve-month EPS of -1.28, Rigetti is poised for further developments as it continues to innovate in quantum-classical infrastructure.
Looking ahead, Rigetti's upcoming earnings report is scheduled for August 10, 2026, with an estimated EPS of -$0.04 and revenue of $4.9 million. Recent earnings performance has shown variability, including a Q3 2025 EPS of -$0.03, surpassing estimates by 31.4%.
As of December 1, 2025, analyst consensus stands at 2 Strong Buy, 9 Buy, and 2 Hold ratings, indicating a general positive outlook among analysts. However, it's important to note that analyst ratings can change as new information becomes available, and differing opinions may exist among analysts on the same company.
Overall, Mizuho's Outperform rating underscores the potential Rigetti holds within the evolving landscape of quantum computing.