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IonQ

IONQ Q3 2025 Earnings

Reported Nov 5, 2025 at 11:05 AM ET · SEC Source

Q3 25 EPS

$-0.17

BEAT +61.36%

Est. $-0.44

Q3 25 Revenue

$39.9M

BEAT +47.73%

Est. $27.0M

vs S&P Since Q3 25

-27.1%

TRAILING MARKET

IONQ -19.6% vs S&P +7.5%

Market Reaction

Did IONQ Beat Earnings? Q3 2025 Results

IonQ posted a blowout third quarter, with revenue of $39.87 million, up 221.5% year over year, handily beating the $26.99 million consensus estimate by 47.73% and demonstrating that commercial quantum computing demand is accelerating faster than Wall… Read more IonQ posted a blowout third quarter, with revenue of $39.87 million, up 221.5% year over year, handily beating the $26.99 million consensus estimate by 47.73% and demonstrating that commercial quantum computing demand is accelerating faster than Wall Street expected. The company's adjusted loss per share of $0.17 also came in well ahead of the $0.44 consensus estimate, a 61.36% beat driven in large part by explosive top-line momentum from government and enterprise contracts. The single most material driver of the quarter's outperformance was strategic scale: the completion of two acquisitions, Oxford Ionics and Vector Atomic, deepened IonQ's full-stack platform and broadened its addressable market, while a $2 billion equity offering closed shortly after quarter-end, bringing pro-forma liquidity to roughly $3.50 billion. For those following the quarter closely, IonQ also raised its full-year 2025 revenue guidance to $106 million–$110 million, signaling continued confidence in its growth trajectory heading into 2026.

Key Takeaways

  • • 222% year-over-year revenue growth exceeding high end of guidance by 37%
  • • Expansion of quantum computing contracts with government and enterprise customers
  • • Acquisitions of Oxford Ionics and Vector Atomic expanding full-stack quantum platform capabilities
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IONQ YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

“I am pleased to report that we once again beat the high end of our revenue guidance, this time by 37%. We are also raising our revenue expectations for the full year to $110 million at the high end of guidance. We delivered our 2025 technical milestone of #AQ 64 three months early, unlocking 36 quadrillion times more computational space than leading commercial superconducting systems. We achieved a truly historic milestone by demonstrating world-record 99.99% two-qubit gate performance, underscoring our path to 2 million qubits and 80,000 logical qubits in 2030.”

— Niccolo de Masi, Q3 2025 Earnings Press Release

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