Overview
- IonQ reported third-quarter revenue of $39.87 million versus $26.98 million expected and posted a smaller-than-expected loss.
- Management lifted full-year revenue guidance to a range of $106 million to $110 million.
- Cash, cash equivalents and investments totaled about $3.5 billion after an October $2 billion equity raise, up from $1.5 billion at Sept. 30.
- The company said it reached its AQ64 milestone and claimed 99.99% two‑qubit gate performance as part of its technical roadmap.
- IonQ highlighted a Department of Energy agreement for space applications and plans to acquire quantum sensor firm Vector Atomic, with shares showing after-hours gains that some reports said were later pared.