IonQ Reports Q3 Revenue Growth of 336% and Raises Full-Year Guidance
IonQ reported third-quarter financial results that exceeded analyst expectations, posting a non-GAAP EPS of -$0.29, which beat estimates by $0.05. The company's revenue reached $173.83 million, representing a significant 336% year-over-year increase and beating consensus estimates by over $32 million. Driven by strong performance, IonQ has raised its full-year revenue guidance to a range of $505 million to $515 million, surpassing the previous consensus of $455.11 million. Additionally, the company expects 110% year-over-year growth in quantum computing shares and recently completed the acquisition of Elisity.
Tickers: $IONQ
Topics: acquisition earnings beat guidance raise quantum computing revenue growth