NYSE$IONQ

IONQ Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

IONQ Q2 2024 — $1.2M revenue

Measurement: The process at the end of a quantum computation where the exponentially large computational space available during computation collapses down to a binary string in order to produce readab. IONQ Inc reported Q2 2024 results. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $1.2M.
  • Operating income: $49K.
  • Filed on Form 10-Q (accession 0000950170-24-092782).

Headline financials

Total Revenue

$11.4M

Previous: $5.52M+106.4%
EPS

-$0.18

Previous: -$0.22+18.2%
Capital Expenditures

-$10.6M

Previous: -$2.41M-340.9%
Free Cash Flow

-$48.2M

Previous: -$46.1M-4.5%
Net Income

-$37.6M

Previous: -$43.7M+14.1%
Operating Income

-$48.9M

Previous: -$33.1M-47.9%
Gross Profit

-$48.9M

Previous: -$33.1M-47.9%
R&D Expense

$31.2M

No prior period
Stock-Based Comp

$21M

Previous: $11.3M+85.6%

Revenue & EPS history

Ionq · Revenue · Quarterly

$11.4M

Q2 2024+106.4%vs Q2 2023
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

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 2024

Historical avgQ2 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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