Beyond the AI giants, several smaller companies are moving before Wednesday’s open on fresh earnings news. Here is what investors are watching.
Rigetti Computing (RGTI)
The quantum computing company reported third-quarter revenue of $1.4 million, down from about $1.9 million a year earlier, according to its results release carried by StockTitan. TipRanks reported that analysts had expected about $3.52 million, so the quarter fell well short. Shares fell in after-hours trading, TipRanks said.
The GAAP net loss narrowed sharply to $3.1 million, but that figure was helped by a $25.3 million gain on warrant liabilities. Operating loss widened to $33.2 million from $20.5 million. Rigetti said it expects full-year 2026 revenue of approximately $20 million, assuming customer acceptance of a system for India’s C-DAC and revenue recognition in the fourth quarter. Rigetti had $497.1 million in cash, cash equivalents and investments with no debt as of Sept. 30, and said its 108-qubit Cepheus system reached 99.5% median two-qubit gate fidelity.
GoPro (GPRO)
GoPro shares fell more than 10% in premarket trading, according to Stocktwits on Yahoo Finance, after the camera maker delayed its third-quarter report. In an SEC filing, GoPro said it needs more time to complete financial close procedures, including accounting and valuation work tied to financing arrangements during the quarter, according to Bicycle Retailer. The company did not give a new date.
The delay matters because of GoPro’s pending merger with privately held Starman Optical, announced Sept. 1. GoPro said it is seeking waivers from lenders, and if it cannot get them, the resulting noncompliance could allow the merger agreement to be terminated, according to Bicycle Retailer. Under the deal, GoPro’s roughly $92 million of debt is to be repaid at closing.
Netlist (NLST)
The memory module company rose about 2.7% in premarket trading after reporting that third-quarter net sales jumped 149% to $105.1 million, according to Stocktwits on Yahoo Finance. The total included initial license fees from Samsung, a reminder that Netlist’s results are closely tied to its patent and licensing disputes with large memory makers. CEO C.K. Hong signaled the possibility of further licensing agreements, the report said. Investors will likely want to know how much of the revenue is recurring versus one-time.
Also on the radar
CoreWeave, up sharply after hours on a revenue beat and raised guidance, is setting the tone for AI stocks. Franco-Nevada and Corteva report after Wednesday’s close, and Cisco and Applied Materials follow on Thursday.
This article is for informational purposes only and is not a recommendation to buy or sell any security.
