NYSE$IONQ
IONQ Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported revenue of $4.3 million, achieved 29 algorithmic qubits, and increased full year revenue outlook.
IonQ reported a strong start to the year with revenue of $4.3 million, exceeding the high end of the previously provided range. The company achieved its 2023 technical target of 29 algorithmic qubits (#AQ) seven months ahead of schedule and increased its full year revenue outlook to $18.8 million to $19.2 million.
- Revenue for the first quarter was $4.3 million, exceeding the high end of the previously provided range.
- Achieved $4.1 million in new bookings for the first quarter.
- Cash, cash equivalents and investments were $525.5 million as of March 31, 2023.
- Reached 29 #AQ on IonQ Forte, achieving the company’s most significant 2023 technical goal seven months ahead of schedule.
Headline financials
Revenue & EPS history
Ionq · Revenue · Quarterly
$4.29M
Forward guidance
For the second quarter of 2023, IonQ expects revenue of between $4.1 million and $4.5 million. For the full year 2023, IonQ is increasing its revenue outlook range to $18.8 million to $19.2 million. For the full year 2023, IonQ is reiterating its previously stated bookings range of $38 million to $42 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+4.5%
Avg return
Earnings day
+6.6%
Avg return
5 days after
+1.6%
Avg return
30 days after
45%
9 / 20 earnings
Positive
+34.9%
Q2 2022
Best reaction
-16.8%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -9.3% | +6.2% | +8.4% | |
| Q4 2025 | +13.3% | +10.3% | -18.1% | |
| Q3 2025 | -1.3% | -1.8% | -4.9% | |
| Q1 2025 | +9.6% | +14.0% | +33.9% | |
| Q4 2024 | -16.8% | -25.3% | -23.7% | |
| Q3 2024 | +6.4% | +21.0% | +71.7% | |
| Q2 2024 | -1.4% | -6.8% | -5.7% | |
| Q1 2024 | +6.6% | +1.6% | -8.9% | |
| Q4 2023 | -10.5% | -12.8% | -13.7% | |
| Q3 2023 | -2.1% | +0.7% | +19.4% | |
| Q2 2023 | -1.0% | -14.6% | +19.0% | |
| Q1 2023 | +25.8% | +39.8% | +56.5% | |
| Q4 2022 | +19.9% | +37.8% | +7.4% | |
| Q3 2022 | -12.5% | +10.6% | -12.3% | |
| Q2 2022 | +34.9% | +6.6% | -6.8% | |
| Q1 2022 | +9.8% | +8.3% | -3.8% | |
| Q2 2021 | -6.0% | -1.4% | -37.8% | |
| Q4 2021 | -6.0% | -1.4% | -37.8% | |
| Q3 2021 | +30.9% | +39.0% | -11.5% | |
| Q4 2020 | +0.0% | -0.2% | -0.3% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro