Rigetti Shares Down 15% Post Q1 Earnings: Time to Buy, Hold or Sell?

Rigetti Computing (RGTI) shares have plunged 15% following the company’s first-quarter 2025 earnings release on May 12. In the first quarter, RGTI reported an adjusted loss per share of 8 cents, along with a sharp decline in revenues of more than 50% year over year. RGTI’s earnings and revenues for the reported quarter missed the Zacks Consensus Estimates by 60% and 40.2%, respectively.Rigetti’s first-quarter 2025 results raised concerns as revenue fell sharply to $1.5 million, largely due to the timing of ...