Companies /Technology

IonQ Inc

NYSE: IONQ Computer Hardware
$40.34
▲ $3.50 (+9.50%) today
Markets closed · 9:45pm ET

Q3 2025 Earnings

Reported Nov 5, 2025, 11:05am ET · SEC source
$-0.17
Beat +61.36%
EPS · est. $-0.44
$39.9M
Beat +47.73%
Revenue · est. $27.0M
−7.1%
Trailing market
IONQ vs S&P since report
4 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−3%0+3%+6%Nov 5Nov 6report 11:05am ETearnings−0.9%+3.9%
−3%0+3%+6%Nov 5Nov 6earnings−0.9%+3.9%
IONQ +3.9%S&P 500 −0.9%
−3%0+3%+6%Nov 5Nov 6report 11:05am ETearnings−1.6%+3.9%
−3%0+3%+6%Nov 5Nov 6earnings−1.6%+3.9%
IONQ +3.9%NASDAQ −1.6%
−18%−9%0+9%Nov 4Nov 13report 11:05am ETearnings−0.8%−17.4%
−18%−9%0+9%Nov 4Nov 13earnings−0.8%−17.4%
IONQ −17.4%S&P 500 −0.8%
−18%−9%0+9%Nov 4Nov 13report 11:05am ETearnings−2.4%−17.4%
−18%−9%0+9%Nov 4Nov 13earnings−2.4%−17.4%
IONQ −17.4%NASDAQ −2.4%
+3.65%
Day of report
+3.20%
Next session
−20.95%
One week
−5.21%
30 days

S&P 500 over the same 30 days: +1.90%.

Did IONQ Beat Earnings? Q3 2025 Results

IonQ posted a blowout third quarter, with revenue of $39.87 million — up 221.5% year over year — handily beating the $26.99 million consensus estimate by 47.73% and demonstrating that commercial quantum computing demand is accelerating faster than Wall Street expected. The company's adjusted loss per share of $0.17 also came in well ahead of the $0.44 consensus estimate, a 61.36% beat driven in large part by explosive top-line momentum from government and enterprise contracts. The single most material driver of the quarter's outperformance was strategic scale: the completion of two acquisitions — Oxford Ionics and Vector Atomic — deepened IonQ's full-stack platform and broadened its addressable market, while a $2 billion equity offering closed shortly after quarter-end, bringing pro-forma liquidity to roughly $3.50 billion. For those <a href="https://247wallst.com/investing/2025/11/05/live-complete-ionq-q3-earnings-coverage/">following the quarter closely</a>, IonQ also raised its full-year 2025 revenue guidance to $106 million–$110 million, signaling continued confidence in its growth trajectory heading into 2026.

Key Takeaways
  • 222% year-over-year revenue growth exceeding high end of guidance by 37%
  • Expansion of quantum computing contracts with government and enterprise customers
  • Acquisitions of Oxford Ionics and Vector Atomic expanding full-stack quantum platform capabilities

“I am pleased to report that we once again beat the high end of our revenue guidance, this time by 37%. We are also raising our revenue expectations for the full year to $110 million at the high end of guidance. We delivered our 2025 technical milestone of #AQ 64 three months early, unlocking 36 quadrillion times more computational space than leading commercial superconducting systems. We achieved a truly historic milestone by demonstrating world-record 99.99% two-qubit gate performance, underscoring our path to 2 million qubits and 80,000 logical qubits in 2030.”

IonQ CEO, on the earnings call

Forward Guidance & Outlook

IonQ raised its full-year 2025 revenue guidance to between $106 million and $110 million, up from the prior range. The company reaffirmed its Adjusted EBITDA loss midpoint guidance with a range of ($206) million to ($216) million for full-year 2025. Pro-forma cash, cash equivalents, and investments stand at approximately $3.5 billion following the $2 billion equity offering that closed October 14, 2025. The CEO expressed confidence in delivering growth and value creation for shareholders in 2026, citing compounding scale and momentum advantages.

IONQ YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$20.0M$40.0M$12.4M$39.9MRevenue
$0$20.0M$40.0MRevenue

Figures from SEC filings and company reports. Not investment advice.