IonQ reported second-quarter revenue of $20.7 million, exceeding the high end of its guidance range by 15%. Despite the revenue beat, the company recorded a net loss of $0.70 per share, compared with a loss of $0.18 per share in Q2 2024 and missing analyst estimates for a $0.27 per-share loss. Adjusted EBITDA improved sequentially, reflecting controlled operating expenses and higher service utilization in both cloud access and enterprise deployments. At quarter end, IonQ held $656.8 million in cash, cash equivalents and short-term investments, up from $608 million at the end of Q1 2025. The company’s equity raise during the quarter—its largest single institutional investment to date in the quantum industry—strengthened its liquidity runway into 2027, supporting ongoing R&D and capital expenditures for its next-generation systems. Management set Q3 2025 revenue guidance of $25 million to $29 million, representing projected growth of 20% at the midpoint versus Q2. Full-year 2025 revenue guidance was raised to a range of $82 million to $100 million, up from the prior $75 million to $95 million target. The company reiterated its goal to achieve the AQ64 application performance benchmark in the near term and highlighted early uptake for its quantum-classical hybrid solutions in optimization and cryptography workloads. Niccolo de Masi was appointed chairman of the board in addition to his role as CEO, while former chairman Peter Chapman stepped down. On the technology front, IonQ reported tangible progress toward its Tempo and AQ64 platforms, with two-qubit gate fidelities above 99.9% and projected system-scale demonstrations scheduled for Q4 2025. Partnerships with hyperscaler cloud providers and national laboratories continue to expand, supporting validation of real-world use cases in materials science and energy grid optimization.
IonQ reported second-quarter revenue of $20.7 million, exceeding the high end of its guidance range by 15%. Despite the revenue beat, the company recorded a net loss of $0.70 per share, compared with a loss of $0.18 per share in Q2 2024 and missing analyst estimates for a $0.27 per-share loss. Adjusted EBITDA improved sequentially, reflecting controlled operating expenses and higher service utilization in both cloud access and enterprise deployments. At quarter end, IonQ held $656.8 million in cash, cash equivalents and short-term investments, up from $608 million at the end of Q1 2025. The company’s equity raise during the quarter—its largest single institutional investment to date in the quantum industry—strengthened its liquidity runway into 2027, supporting ongoing R&D and capital expenditures for its next-generation systems. Management set Q3 2025 revenue guidance of $25 million to $29 million, representing projected growth of 20% at the midpoint versus Q2. Full-year 2025 revenue guidance was raised to a range of $82 million to $100 million, up from the prior $75 million to $95 million target. The company reiterated its goal to achieve the AQ64 application performance benchmark in the near term and highlighted early uptake for its quantum-classical hybrid solutions in optimization and cryptography workloads. Niccolo de Masi was appointed chairman of the board in addition to his role as CEO, while former chairman Peter Chapman stepped down. On the technology front, IonQ reported tangible progress toward its Tempo and AQ64 platforms, with two-qubit gate fidelities above 99.9% and projected system-scale demonstrations scheduled for Q4 2025. Partnerships with hyperscaler cloud providers and national laboratories continue to expand, supporting validation of real-world use cases in materials science and energy grid optimization.