Rigetti Revenue Reaches $9.5M in First Half; India Order to Lift Q4
Rigetti reported $9.5 million in revenue through June, up 191% year over year, including $7.1 million from quantum computer and component sales. Second-quarter revenue rose 185% to $5.1 million and gross margin hit 43%. An $8.4 million C-DAC order for a 108-qubit system is expected to turn into Q4 revenue after installation and acceptance testing, supporting targets for faster growth toward $50 million annually by 2028.