IONQ Stock Surges on Record Revenue and Strategic Acquisitions
Quantum computing leader IonQ Inc. (IONQ) saw its shares climb 4.8% in after-hours trading following a blockbuster third-quarter earnings report. Revenue skyrocketed 222% year-over-year to $39.87 million, demolishing analyst estimates of $26.99 million and surpassing the high end of guidance by 37%.
The company's aggressive growth strategy manifested in two key acquisitions—Oxford Ionics and Vector Atomic—bolstering its full-stack quantum capabilities. While losses widened to $3.58 per share due to heavy R&D investments, management signaled confidence by raising full-year revenue guidance to $106-$110 million, a significant jump from prior projections.