Quantum News Nexus

IonQ just reported third quarter revenue of $39.9 million, about 37% above the top end of guidance of $27 million, and representing 222% year-over-year growth. 

I’ll have more tomorrow based on this afternoon’s earnings call, but there was a lot of talk on the call about how the company is investing more in “go-to-market” as well as on R&D and operational expenses. There was also some discussion with analysts on the earnings call of potential “three-digit million” deals to come, and possibly another even larger one, but no detail about timing or anything else.

IonQ said it now has about “$3.5 billion pro-forma net cash.” Still, the company missed estimates for its Q3 EPS. The company’s net loss was $1.1 billion, Adjusted EBITDA loss was $48.9 million, GAAP EPS loss was $3.58 vs. estimated loss of 44 cents, and Adjusted EPS loss was $0.17.

For the full year 2025, IonQ is raising its revenue expectations to between $106 million and $110 million. It is reaffirming its Adjusted EBITDA loss midpoint guidance with a range of between -$206 million and -$216 million.

More to come.

Quantum News Nexus is a new site from freelance writer and editor Dan O’Shea that covers quantum computing, quantum sensing, quantum networking, quantum-safe security, and more. You can find him on X @QuantumNewsGuy and doshea14@gmail.com.