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IonQ (IONQ)
NYSE:IONQ
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.23Last Year’s EPS
-$0.2Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 170.03%
|Next Earnings Date:Mar 26, 2025
Earnings Call Sentiment|Positive
IonQ's earnings call conveyed a strong focus on growth and expansion, highlighted by exceeding revenue expectations, raising guidance, and securing significant new contracts. Despite some increase in operating expenses and a net loss, the strategic moves such as partnerships and acquisitions suggest a positive outlook for future developments.Company Guidance
In the third quarter of 2024, IonQ demonstrated robust financial performance, surpassing its revenue expectations with $12.4 million in recognized revenue, exceeding the projected range of $9 million to $12 million. This impressive quarter also saw the company secure $63.5 million in new contract bookings, contributing to a year-to-date total of $72.8 million in bookings, edging close to the annual target range of $75 million to $95 million. IonQ raised its full-year revenue guidance to between $38.5 million and $42.5 million, attributing this confidence to its successful business developments, including a substantial $54.5 million contract with the United States Air Force Research Lab and a $9 million renewal with the University of Maryland. Notably, the company announced significant advances in the quantum networking sector, including the acquisition of Qubitekk, enriching its portfolio with 118 patents. These strategic moves align with IonQ's goal to continue doubling its recognized revenue for the third consecutive year, further solidifying its trajectory towards high growth and commercial leadership in the quantum industry.Exceeded Revenue Expectations
IonQ recognized $12.4 million in revenue, surpassing the high end of their projected range for Q3 2024.
Increased Revenue Guidance
IonQ raised their revenue guidance for the full year 2024 to a range of $38.5 million to $42.5 million.
Significant New Contracts
IonQ secured $63.5 million of new contract bookings, including a $54.5 million contract with the United States Air Force Research Lab and a $9 million renewal with the University of Maryland.
Application Development Partnerships
Announced collaborations with AstraZeneca and ANSYS to develop quantum applications in biopharmaceutical drug discovery and computer-aided simulations.
Acquisition of Qubitekk
IonQ announced the acquisition of Qubitekk, enhancing their position in the quantum networking industry.
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IONQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IONQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $16.45 | $22.11 | +34.41% |
| Aug 07, 2024 | $6.80 | $7.11 | +4.56% |
| May 08, 2024 | $8.78 | $9.20 | +4.78% |
| Feb 28, 2024 | $11.26 | $10.36 | -7.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does IonQ (IONQ) report earnings?
IonQ (IONQ) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is IonQ (IONQ) earnings time?
IonQ (IONQ) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IONQ EPS forecast?
IONQ EPS forecast for the fiscal quarter 2024 (Q4) is -$0.23.
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