According to FinanceFeeds, on November 11, D-Wave Quantum (QBTS) gained more than 2% while Rigetti Computing (RGTI) fell more than 4% following Q3 earnings releases that revealed divergent operational trajectories.

D-Wave reported Q3 revenue of $4.51 million, exceeding analyst expectations of approximately $4.33–$4.37 million, driven by professional services and quantum computing as a service (QCaaS). However, the company posted a loss of $0.13 per share versus expected $0.10, with operating expenses rising 84% to $55.9 million. Rigetti's Q3 revenue reached only $1.4 million, missing Wall Street estimates of $3.5 million by roughly 60%, while its loss widened to $0.06 per share from $0.05 expected. Both companies reported substantial operating losses and continued heavy investment in next-generation systems, with D-Wave holding $38.3 million in remaining performance obligations and Rigetti maintaining $497.1 million in cash reserves.

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