Reports Q3 revenue $12.4M, consensus $10.56M. “We had yet another banner quarter at IonQ (IONQ), booking $63.5 million and exceeding the high end of our revenue range. We won a $54.5 million deal with the United States Air Force Research Lab (AFRL) to develop and deliver hardware that enables the scaling and networking of quantum systems,” said Peter Chapman, President and CEO of IonQ. “We have entered a new era of commercialization for quantum networking, as demonstrated by the AFRL deal, today’s announcement of the Qubitekk acquisition, and last quarter’s networking win with ARLIS. These announcements advance our position as a market leader in quantum networking, in addition to our pole position in quantum computing.”
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio