Rigetti Computing revised the availability of its 108-qubit quantum system Cepheus-1-108Q to late Q1 2026 for further optimization.
Quiver AI Summary
Rigetti Computing, Inc. has announced a revision to its roadmap regarding the general availability of its new 108-qubit quantum computing system, Cepheus™-1-108Q, which is now expected to be available at the end of Q1 2026. CEO Dr. Subodh Kulkarni stated that while progress is being made, the company is taking additional time to optimize the system and address complexities encountered with tunable couplers to improve performance. Currently, the system has achieved a median two-qubit gate fidelity of 99%, while Rigetti's other systems show even higher performance metrics. Cepheus-1-108Q, consisting of twelve 9-qubit chiplets, marks Rigetti's most advanced modular quantum computing system to date. The company continues to emphasize its commitment to high-performance quantum computing and serves a range of clients through its cloud services and on-premises systems.
Potential Positives
- Rigetti is advancing its Cepheus-1-108Q quantum computing system, with a commitment to achieving a median two-qubit gate fidelity of 99.5%, indicating strong progress in optimizing their technology.
- The company successfully demonstrated a median two-qubit gate fidelity of 99% on their 108-qubit system, showcasing their technical capabilities and reinforcing their position in the quantum computing sector.
- With the Cepheus-1-108Q being the largest modular quantum computing system to date, Rigetti is solidifying its leadership role in the industry by pushing the boundaries of qubit count and modular design.
Potential Negatives
- Delaying the general availability of the Cepheus-1-108Q system undermines confidence in the company's ability to deliver on its technological roadmap, which could impact customer relationships and future contracts.
- The encountered complexities with tunable couplers may raise concerns about the company's capability to manage challenges associated with developing higher qubit count systems, potentially signaling underlying issues in product development.
- Statements about uncertainties and risks, including potential failures to meet milestones and deliver products in a timely manner, could deter investors and stakeholders from supporting the company.
FAQ
When will Cepheus-1-108Q be generally available?
Cepheus-1-108Q is expected to reach general availability around the end of the first quarter of 2026.
What is the current fidelity of the 108-qubit system?
The current median two-qubit gate fidelity of the 108-qubit system is 99%.
What challenges did Rigetti encounter with Cepheus-1-108Q?
Rigetti faced complexities with tunable couplers, prompting an additional iteration of the chip for optimization.
How does Rigetti's quantum computing technology compare to others?
Rigetti's superconducting qubit systems achieve gate speeds significantly faster than other modalities, around 50-70 nanoseconds.
What is Rigetti's unique manufacturing capability?
Rigetti designs and manufactures its chips in-house at Fab-1, the first dedicated facility for quantum devices.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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$RGTI Revenue
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$RGTI Analyst Ratings
Wall Street analysts have issued reports on $RGTI in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
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$RGTI Price Targets
Multiple analysts have issued price targets for $RGTI recently. We have seen 6 analysts offer price targets for $RGTI in the last 6 months, with a median target of $35.0.
Here are some recent targets:
- Antoine Legault from Wedbush set a target price of $35.0 on 12/17/2025
- Kevin Garrigan from Jefferies set a target price of $30.0 on 12/16/2025
- Vijay Rakesh from Mizuho set a target price of $50.0 on 12/11/2025
- Craig Ellis from B. Riley Securities set a target price of $35.0 on 11/12/2025
- David Williams from Benchmark set a target price of $40.0 on 11/12/2025
- Quinn Bolton from Needham set a target price of $18.0 on 08/04/2025
Full Release
BERKELEY, Calif., Jan. 09, 2026 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it is revising its roadmap and adjusting the date for general availability of its 108-qubit quantum computing system, Cepheus™-1-108Q. Cepheus-1-108Q is now expected to reach general availability around the end of the first quarter of 2026.
“While we are making strong progress with Cepheus-1-108Q, we are taking more time to test and optimize the system to ensure the performance is up to our standards,” says Rigetti CEO Dr. Subodh Kulkarni. “We have a clear understanding of what we need to do to achieve 99.5% median two-qubit gate fidelity, and are well on our way. Building higher qubit count systems can uncover new challenges. We encountered complexities with our tunable couplers and have decided to run another iteration of our chip to further optimize the system and improve fidelity.”
“We continue to improve our system performance, achieving a median two-qubit gate fidelity of 99% on our 108-qubit system, 99.7% on our 9-qubit system, and 99.6% on our 36-qubit system. This underscores our unwavering commitment to delivering the highest performing systems for our partners and customers.”
Cepheus-1-108Q is based on twelve 9-qubit chiplets and leverages Rigetti’s proprietary modular chip architecture. The system will be Rigetti’s highest qubit count system to date and the industry’s largest modular quantum computing system.
About Rigetti
Rigetti is a pioneer in full-stack quantum computing. Rigetti quantum computers are based on superconducting qubits, which are widely believed to be the leading qubit modality given their maturity, clear path to scaling, and fast gate speeds. Current Rigetti quantum computing systems achieve gate speeds of 50-70ns, which is about 1,000 times faster than other modalities such as ion traps and neutral atoms.
The Company operates quantum computers over the cloud through its Rigetti Quantum Cloud Services (QCS) platform, enabling global enterprise, government, and research clients to pursue R&D. The Company’s proprietary quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing.
Rigetti sells on-premises 9-108 qubit quantum computing systems, supporting national laboratories and quantum computing centers. Rigetti’s 9-qubit Novera QPU supports a broader R&D community with a high-performance, on-premises QPU designed to plug into a customer’s existing cryogenic and control systems.
Rigetti developed the industry’s first multi-chip quantum processor for scalable quantum computing systems. Leveraging this proprietary technology, Rigetti deployed the industry’s largest multi-chip quantum computer in 2025 with Cepheus-1-36Q, based on four 9-qubit chiplets tiled together. The Company designs and manufactures its chips in-house at Fab-1, the industry’s first dedicated and integrated quantum device manufacturing facility. Learn more at https://www.rigetti.com/ .
Rigetti Computing Media Contact:
[email protected]
Cautionary Language and Forward-Looking Statements
Certain statements in this communication may be considered “forward-looking statements” within the meaning of the federal securities laws, including statements with respect to the Company’s expectations with respect to its future success and performance, including expectations that Cepheus-1-108Q will reach general availability around the end of the first quarter of 2026, and the belief that superconducting qubits are the leading qubit modality given their maturity, clear path to scaling, and fast gate speeds. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the Company’s ability to achieve milestones, technological advancements, including with respect to its technology roadmap; Company’s ability to deliver products to customers in time or at all, including actions by customers, such as cancelling orders; the ability of the Company to obtain government contracts successfully and in a timely manner and the availability of government funding; the potential of quantum computing; the success of the Company’s partnerships and collaborations; the Company’s ability to accelerate its development of multiple generations of quantum processors; the outcome of any legal proceedings that may be instituted against the Company or others; the ability to maintain relationships with customers and suppliers and attract and retain management and key employees; costs related to operating as a public company; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic, business, or competitive factors; the Company’s estimates of expenses and profitability; the evolution of the markets in which the Company competes; the ability of the Company to implement its strategic initiatives and expansion plans; the expected use of proceeds from the Company’s past and future financings or other capital; the sufficiency of the Company’s cash resources; unfavorable conditions in the Company’s industry, the global economy or global supply chain, including rising inflation and interest rates, deteriorating international trade relations, political turmoil, natural catastrophes, warfare, and terrorist attacks; and other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 and other documents filed by the Company from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements other than as required by applicable law. The Company does not give any assurance that it will achieve its expectations.