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“Euro-Q-Exa" quantum computer
A quantum computer, apparently (Sven Hoppe/Getty Images)

IonQ reports big Q4 revenue beat and better-than-expected sales guidance

The trapped-ion quantum computing company just reported quarterly results.

Luke Kawa

IonQ is rising in after-hours trading after posting much better-than-expected Q4 sales.

For Q4, the trapped-ion quantum computing company reported:

  • Revenue of $61.9 million (estimate: $40.38 million).

  • An adjusted loss per share of $0.20 (estimate: a $0.23 loss).

Sales guidance was also robust. For Q1, IonQ expects revenues to come in between $48 million and $51 million (estimate: $37.08 million) and full-year sales to range from $225 million to $245 million (estimate: $195.8 million).

The midpoint of management’s call for adjusted EBITDA between -$310 million and -$330 million is modestly better than the consensus projection of -$326.2 million.

IonQ, the largest pure-play quantum computing company by market cap, was down roughly 60% off its October closing high heading into this report.

The firm recently landed a missile defense contract, with the opportunity to get a piece of a $151 billion program.

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