Overview
IonQ Q3 revenue grows 222% yr/yr, beating high end of guidance by 37%
Net loss for Q3 was $1.1 bln, missing analyst estimates
Company completed acquisitions of Oxford Ionics and Vector Atomic
Outlook
IonQ raises full-year 2025 revenue guidance to $106 mln-$110 mln
IonQ reaffirms full-year 2025 adjusted EBITDA loss guidance
Result Drivers
TECHNICAL MILESTONES - IonQ achieved world-record 99.99% two-qubit gate performance and completed #AQ 64 milestone ahead of schedule, boosting computational capabilities
ACQUISITIONS - Completed acquisitions of Oxford Ionics and Vector Atomic, enhancing IonQ's quantum platform and contributing to revenue growth
CONTRACTS AND COLLABORATIONS - Awarded new contract with Oak Ridge National Laboratory and expanded collaborations, contributing to revenue growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $39.87 mln | $26.98 mln (7 Analysts) |
Q3 EPS | -$3.58 | ||
Q3 Net Income | Miss | -$1.06 bln | -$129.93 mln (4 Analysts) |
Q3 Operating Income | -$168.81 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the computer hardware peer group is "buy"
Wall Street's median 12-month price target for IONQ Inc is $67.53, about 21% above its November 4 closing price of $53.38
Press Release: ID:nBwlBBd3a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)