D-Wave Quantum falls nearly 3% as earnings miss overshadows revenue beat
Investing.com -- IonQ (NYSE:IONQ), a leading commercial quantum computing and networking company, reported first-quarter revenue above the midpoint of its guidance range, while its earnings per share beat analyst expectations. The company’s shares edged 1.8% higher following the announcement.
IonQ reported revenue of $7.6 million for the first quarter, surpassing the midpoint of its previously provided guidance range. However, this figure fell short of the analyst consensus estimate of $16.25 million. The company posted a net loss of $32.3 million, translating to an adjusted earnings per share (EPS) loss of $0.14, which was better than the analyst estimate of a $0.25 loss per share.
Niccolo de Masi, CEO of IonQ, expressed satisfaction with the company’s strong start to the year, highlighting important commercialization and expansion milestones for both quantum computing and quantum networking businesses. "We’re delivering real-world value for our customers today, including a recent demonstration of a 12% speed improvement over classical computing in a simulation of a heart pump using quantum processed data and a production product by our partner Ansys (NASDAQ:ANSS)," de Masi stated.
The company announced several significant developments, including a $22 million deal with EPB to establish the first commercial quantum computing and networking hub. IonQ also revealed plans to acquire Lightsynq Technologies, aiming to accelerate its quantum internet and quantum computing roadmap.
As of March 31, 2025, IonQ held cash and cash equivalents of $697.1 million, bolstered by the closing of a $372.6 million ATM facility. For the full year 2025, IonQ expects organic and inorganic revenue to be between $75 million and $95 million, with second-quarter revenue projected between $16 million and $18 million.
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