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Investing.com -- IonQ Inc (NYSE:IONQ) reported mixed second-quarter results on Wednesday, with revenue exceeding expectations but earnings falling significantly short of analyst estimates, sending shares down 4.9% in trading.
The quantum computing company posted revenue of $20.69 million for the second quarter, surpassing the analyst consensus of $17.1 million and exceeding the top end of its guidance by 15%. However, the company reported an adjusted earnings per share (EPS) loss of -$0.70, considerably worse than the -$0.30 loss analysts had expected.
"I am pleased to report that we beat the top end of guidance for Q2 revenue by 15%, and strengthened our balance sheet via the largest equity investment from a single institution in the quantum industry," said Niccolo de Masi, Chairman and CEO of IonQ.
The company’s net loss for the quarter was $177.5 million, with an adjusted EBITDA loss of $36.5 million. IonQ ended the quarter with $656.8 million in cash, cash equivalents, and investments, which increased to $1.6 billion pro-forma as of July 9, 2025, following a $1.0 billion equity financing.
For the third quarter, IonQ expects revenue between $25 million and $29 million. The company also maintained its full-year 2025 revenue guidance of $82 million to $100 million.
IonQ has been actively expanding through acquisitions, having completed purchases of Lightsynq and Capella, while announcing an agreement to acquire Oxford Ionics. These strategic moves are part of the company’s ambitious roadmap to achieve "800 logical qubits in 2027 and 80,000 logical qubits in 2030," according to de Masi.
The company has also strengthened its leadership team with several high-profile appointments, including Dr. Marco Pistoia from JPMorgan Chase (NYSE:JPM), Dr. Rick Muller, former Director of IARPA, and Paul Dacier as Chief Legal Officer.
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