Overview

• The company received purchase orders for two 9‑qubit Novera systems from an Asian technology manufacturer and a California applied physics and AI startup.
• Deliveries are scheduled for the first half of 2026, with the on‑premises systems marketed as upgradeable platforms.
• Shares jumped 18.59% Thursday and rose a further 2.34% after hours, extending a one‑year gain reported at 4,620%.
• Novera uses Rigetti’s Ankaa‑class architecture with a square grid layout, tunable coupler connections, a matched dilution refrigerator, and advanced control electronics.
• CEO Subodh Kulkarni cited growing interest in on‑premises quantum gear, while recent analyst views tracked by Benzinga skewed bullish with a $21.40 average target.