IonQ Stock Soars on Quantum Computing Hype, But Revenue Growth Raises Questions
IonQ shattered revenue expectations with a $39.9 million Q3 2025 performance—37% above guidance and a 222% year-over-year surge. The quantum computing firm simultaneously announced a breakthrough 99.99% two-qubit gate performance and aggressive acquisitions like its $1 billion Oxford Ionics purchase.
Shares have skyrocketed nearly 600% since August 2024, riding the quantum computing wave. Yet top investor Adam Spatacco remains skeptical, noting acquired revenues dominate organic growth. "IonQ inherits clients from competitors rather than winning them through technological edge or sales execution," says the TipRanks top-2% analyst.