NYSE$IONQ
IONQ Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
IonQ reported record bookings and increased full year revenue and bookings outlook.
IonQ announced strong second quarter results with revenue of $5.5 million, exceeding the high end of the previous range, and record bookings of $28.0 million. The company raised its full year revenue outlook to $18.9 million to $19.3 million and bookings outlook to $49 million to $56 million.
- Achieved revenue of $5.5 million, above the high end of the previously provided range.
- Secured $28.0 million in new bookings, bringing the year-to-date total to $32.2 million.
- Increased full year 2023 revenue outlook to $18.9 million to $19.3 million.
- Increased full year 2023 bookings expectation range to $49 million to $56 million.
Headline financials
Revenue & EPS history
Ionq · Revenue · Quarterly
$5.52M
Forward guidance
IonQ increased its revenue outlook range to $18.9 million to $19.3 million for the full year 2023. The company is expecting revenue of between $4.8 million and $5.2 million for the third quarter of 2023. For the full year 2023, IonQ is increasing its bookings expectation range again to between $49 million to $56 million.
Tailwinds
- Increased revenue outlook range for full year 2023 to $18.9 million to $19.3 million.
- Expecting revenue of between $4.8 million and $5.2 million for Q3 2023.
- Increased bookings expectation range for full year 2023 to between $49 million to $56 million.
- Projecting more than 100% growth in bookings year-over-year at the midpoint.
- Seeing increased demand for its systems and hopes to sell a number of systems over the next 18 months.
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 Q2 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 | — | — | — |
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