Quantum computing hardware firm IonQ's Q3 revenue smashes estimates, partly driven by acquisitions

IONQ

05/11/2025 22:29

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.)