Quantum computing company IonQ (NYSE: IONQ) will be announcing earnings results this Wednesday after market hours. Here’s what to expect.
IonQ beat analysts’ revenue expectations by 21.5% last quarter, reporting revenues of $20.69 million, up 81.8% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ revenue estimates and revenue guidance for next quarter exceeding analysts’ expectations.
Is IonQ a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting IonQ’s revenue to grow 118% year on year to $26.98 million, improving from the 102% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.20 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. IonQ has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 13.9% on average.
Looking at IonQ’s peers in the it services & other tech segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Xerox delivered year-on-year revenue growth of 28.3%, missing analysts’ expectations by 3.2%, and Applied Digital reported revenues up 84.3%, topping estimates by 17.6%. Xerox traded down 2.9% following the results while Applied Digital was up 16.1%.
Read our full analysis of Xerox’s results here and Applied Digital’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the it services & other tech stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.7% on average over the last month. IonQ is down 26.4% during the same time.
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