NYSE$IONQ
IONQ Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
IonQ exceeded revenue guidance and secured significant bookings, advancing its position in quantum computing and networking.
IonQ reported a strong third quarter, exceeding the high end of its revenue guidance with $12.4 million, representing a 102% year-over-year growth. The company secured $63.5 million in new bookings, including a $54.5 million contract with the United States Air Force Research Lab. IonQ also announced a definitive agreement to acquire Qubitekk and a partnership with AstraZeneca.
- IonQ's third-quarter revenue reached $12.4 million, surpassing the high end of guidance and marking a 102% year-over-year increase.
- The company secured $63.5 million in new bookings during the third quarter, including a major contract with the United States Air Force Research Lab worth $54.5 million.
- IonQ is set to acquire Qubitekk, enhancing its leadership in quantum networking.
- A partnership with AstraZeneca was announced to develop quantum applications for drug discovery.
Headline financials
Revenue & EPS history
Ionq · Revenue · Quarterly
$12.4M
Forward guidance
IonQ raised its full year 2024 revenue expectations to between $38.5 million and $42.5 million and reiterating its previously stated bookings range of between $75 million and $95 million.
Tailwinds
- Raising full year revenue expectations to between $38.5 million and $42.5 million.
- Reiterating previously stated bookings range of between $75 million and $95 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 Q3 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
| 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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