IonQ Stock Jumps After Revenue Nearly Quadruples in Q2
TLDR
- IonQ Q2 revenue nearly quadrupled year-over-year to $80.1 million, beating the Wall Street forecast of $66.5 million.
- Adjusted loss per share came in at 33 cents, better than the expected 56-cent loss.
- Full-year revenue guidance raised to $280M-$290M, up from $260M-$270M.
- IonQ completed its $1.8 billion acquisition of chipmaker SkyWater after FTC clearance.
- The stock rose around 4-5% in premarket trading following the results.
IonQ stock was up roughly 4.4% in premarket trading Thursday after the quantum computing company posted its strongest quarter yet, with revenue nearly quadrupling and guidance heading higher.
Revenue for Q2 came in at $80.1 million, up from the prior year and well ahead of the Wall Street estimate of $66.5 million. The adjusted loss per share of 33 cents also beat expectations of a 56-cent loss.
CEO Niccolo de Masi credited growing adoption of IonQ’s Tempo quantum computer and strong demand for its cloud services. He said 60% of customers are now buying more than one product, and international sales are growing.
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