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IonQ tops estimates, posts narrower losses and 287% revenue growth
IonQ said it expects full-year revenue between $280 million and $290 million and aims to commission 256-qubit systems for customers in H1 2027.
IonQ’s latest earnings helped separate the market’s view of quantum-computing companies, following volatile trading in the sector, according to MarketBeat Ratings. The report points to IonQ as the clearest winner among major quantum firms that reported this week, with the company beating Wall Street on both revenue and loss per share.
IonQ reported losses per share of 33 cents, narrower than last year’s results and below the 56 cents predicted by analysts, while revenue rose 287% year over year. The company also posted quarterly revenue nearly $14 million above expectations, leading management to say IonQ generated more than $80 million in sales.
IonQ attributed part of its momentum to its $1.8 billion SkyWater acquisition, which it says provides a dedicated foundry operation to cut costs and improve efficiency. The company also highlighted that 60% of Q2 revenue came from commercial customers, and it reiterated a target to commission 256-qubit systems for customers in H1 2027.
Despite the upside, the report notes IonQ remains cash-intensive, with negative adjusted EBITDA of $120 million and GAAP operating expenses exceeding $417 million. MarketBeat Ratings said IonQ’s confidence in the results may resonate with investors seeking a potential leader in the space.