Rigetti Computing (RGTI) Secures Purchase Orders of ~$5.7 million for Two 9-qubit Novera Quantum Computing Systems

Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the Best Quantum Computing Stocks to Buy and Hold for 5 Years. On September 30, Rigetti Computing, Inc. (NASDAQ:RGTI) announced that it secured purchase orders of ~$5.7 million for two 9-qubit Novera™ quantum computing systems. Notably, both systems are upgradeable, enabling the customers to increase the system qubit count for more complex computations and research. Furthermore, Rigetti Computing, Inc. (NASDAQ:RGTI) stated that delivery for both systems is projected in H1 2026.

Rigetti Computing, Inc. (NASDAQ:RGTI) stated that its industry-leading proprietary chiplet approach to scaling and robust financial position provides confidence in hitting the end-of-year technology goals. With the general availability of Cepheus-1-36Q, Rigetti Computing, Inc. (NASDAQ:RGTI) continued recent improvements in performance, obtaining a 2x reduction in two-qubit gate error rate from the previous Ankaa™-3 system, and posting the median two-qubit gate fidelity of 99.5%. The company’s total revenues for the 3 months ended June 30, 2025 came in at $1.8 million.

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Disclosure: None. This article is originally published at Insider Monkey.