Rigetti revenue surges as 108-qubit system debuts
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Rigetti's Q1 2026 revenue surged to $4.4M from $1.5M, surpassing estimates, driven by Novera QPU deliveries and government contracts. The company launched its 108-qubit Cepheus-1-108Q system on multiple platforms, marking a significant milestone. Management aims for quantum advantage in three years with approximately 1,000 qubits, 99.9% fidelity, and error mitigation, supported by strong cash reserves.
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