Overview

* IonQ ( 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 ( IONQ ) raises full-year 2025 revenue guidance to $106 mln-$110 mln

* IonQ ( IONQ ) reaffirms full-year 2025 adjusted EBITDA loss guidance

Result Drivers

* TECHNICAL MILESTONES - IonQ ( 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 ( IONQ ) 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/Mis Actual Consensu

s s

Estimate

Q3 Beat $39.87 $26.98

Revenue mln mln (7

Analysts

)

Q3 EPS -$3.58

Q3 Net Miss -$1.06 -$129.93

Income bln mln (4

Analysts

)

Q3 -$168.81

Operatin mln

g Income

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 ( IONQ ) is $67.53, about 21% above its November 4 closing price of $53.38

Press Release:

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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.)