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COMPANY RESEARCH / RGTI

Rigetti Computing

Superconducting QPUs from its own Fab-1; Novera QPU sales

Where it fits in a quantum computer

Designs superconducting quantum processors and makes them in Fab-1, its own wafer fab, which also delivers superconducting chips to outside researchers through Rigetti Foundry Services. It sells the 9-qubit Novera QPU to others (first sold in 2023; purchase orders for two Novera systems worth about $5.7 million in 2025) and runs the chiplet-based Cepheus-1-108Q at about 99.1% median two-qubit fidelity (Aug 6, 2026). Horizon Quantum’s testbed uses a Rigetti Novera QPU, and Rigetti signed a $100 million CHIPS R&D award that gives the Department of Commerce a minority equity stake (Sept 8, 2026).

What the evidence establishes

Quantum-computing evidence

Disclosed: Rigetti’s 2025 10-K describes Fab-1, its foundry services and Novera QPU sales; its 8-Ks give Q2 2026 results and the CHIPS award.

An explicit quantum-computing product, design-in, supply role, program or partnership, such as a part sold for quantum computers or a named quantum-computer customer. For a maker, it means the company’s own quantum computers or processors. This does not establish revenue, market share, volumes or future sourcing.

Listed as a quantum-computer maker for its own systems, not as a supplier of the parts inside.

Component roleSuperconducting QPUs from its own Fab-1; Novera QPU sales
EvidenceDisclosed: Rigetti’s 2025 10-K describes Fab-1, its foundry services and Novera QPU sales; its 8-Ks give Q2 2026 results and the CHIPS award.
How we knowDisclosed The company’s own filing, release, annual report, product page or investor record describes the quantum-computing role. Where customers are unnamed, the listing says so.
Primary sourceRigetti Computing — supporting disclosure
Company or official disclosure; vendor claims are attributed to their source.
Checked. This is the research review date, not the source publication or quote time.

Keep in perspective

Revenue is small ($7.1 million in 2025; $5.1 million in Q2 2026, with a $52.6 million GAAP net loss), and the roughly 1,000-qubit, 99.9%-fidelity system is a three-year roadmap goal. Quanta Computer’s agreement to develop control systems, dilution refrigerators and flexible cables names components, not delivered volumes.

Specialist business exposure. This describes the breadth or role of the business; it is not an investment rating. A quantum-computing product, design-in or partnership does not by itself establish material quantum revenue, market share, or future returns.

Connections to the assembly

These links explain the technology relationship. The model is illustrative and does not represent an actual manufacturer’s bill of materials.

Qubit chip

A silicon die patterned with about a hundred superconducting transmon qubits, the tunable couplers between them and a readout resonator for each. The quantum state lives in these circuits.

Scope of the company links: The qubit die. Makers that design and fabricate their own superconducting chips come first: IBM (Nighthawk links 120 qubits with 218 tunable couplers; wafers made at a 300 mm facility in Albany, where its company Anderon runs a pure-play quantum wafer foundry), Google (105-qubit Willow from its Santa Barbara fab), Rigetti (Fab-1, chiplet-based Cepheus systems, Novera QPUs sold to others), IQM (chips from its own clean room), D-Wave (superconducting annealing QPUs whose wafers SkyWater makes), AWS (the Ocelot cat-qubit prototype) and Fujitsu (a 256-qubit chip co-developed with RIKEN). IonQ is mapped only because it has owned SkyWater, D-Wave’s wafer foundry, since July 31, 2026. GlobalFoundries (a quantum foundry business launched in May 2026 with photonic, ion-trap and spin-qubit partners, developing superconducting processes) and STMicroelectronics (Quobly’s silicon spin-qubit devices in Crolles) are foundries, and Intel’s 12-qubit Tunnel Falls is a silicon spin chip. Trapped-ion, neutral-atom and photonic machines use different hardware and sit under makers. QuantWare, Oxford Quantum Circuits, Quobly and Qolab are private; research fabs such as imec and MIT Lincoln Laboratory are not companies and are not mapped.

Flip-chip bonds

Indium bumps that join the qubit die face down onto a second die carrying readout and control wiring, so signals reach the middle of the chip from above instead of only from its edges.

Scope of the company links: Flip-chip bonds and 3D integration. Rigetti’s 10-K describes in-house superconducting multi-chip bonding for chip-level 3D integration and superconducting through-silicon vias, used in its chiplet-based systems, and AWS’s Ocelot stacks two bonded silicon chips of about 1 cm² each. GlobalFoundries says it is developing a cryogenic and superconducting heterogeneous interconnect platform (positioning), and Oxford Instruments markets deep silicon etch for through-silicon vias in quantum circuits; its PECVD tool appears in QuTech’s 2026 indium-bump qubit recipe. The indium in that recipe came from Indium Corporation and the gold evaporator from AJA International, both private, and QuantWare (private) sells VIO chiplet packaging. No bonder maker (Besi, Kulicke & Soffa) documents a quantum role, so none is mapped.

Related research

Companies with overlapping sector exposure. Their products and evidence may differ; this is not a list of equivalent investments.

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