IonQ beats Q4 revenue expectations

Reuters
8 hours ago
IonQ beats Q4 revenue expectations

Overview

  • Quantum platform firm's Q4 revenue grew, beating analyst expectations

  • Net income beat expectations on gains on fair value of warrant liabilities

  • Company announced agreement to acquire SkyWater Technology

Outlook

  • IonQ expects 2026 revenue between $225 mln and $245 mln

  • Company anticipates Q1 2026 revenue between $48 mln and $51 mln

  • IonQ forecasts 2026 adjusted EBITDA loss of ($330) mln to ($310) mln

Result Drivers

  • ORGANIC GROWTH - IonQ reported 202% year-over-year FY revenue growth, driven by strong organic growth and commercial traction

  • STRATEGIC PARTNERSHIPS - Expanded agreement with QuantumBasel and sold system to KISTI, enhancing global reach and positioning in quantum computing

Company press release: ID:nBw3LSy6Na

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Beat

$61.89 mln

$40.39 mln (11 Analysts)

Q4 Net Income

Beat

$753.27 mln

-$122.56 mln (8 Analysts)

Q4 Operating Income

-$228.63 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 3 "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 $71.00, about 124.5% above its February 24 closing price of $31.62

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)

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