IONQ Earnings Prediction
The chart below shows how IONQ performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IONQ sees a -6.15% change in stock price 10 days leading up to the earnings, and a +7.95% change 10 days following the report. On the earnings day itself, the stock moves by -1.23%. This data can give you a slight idea of what to expect for the next quarter's release.
IONQ Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
12.40M
102.09%
8.95%
Gross Margin
8.02%
-64.31%
-37.20%
Operating Margin
-428.51%
-37.68%
-0.35%
Net Margin
-423.35%
-42.03%
28.28%
EPS
-0.24
-9.09%
33.33%
No Data Available
IONQ Earnings Analysis
IonQ, Inc. Corporation (IONQ.N) Earnings Conference Call
Positive
Revenue Guidance Increase: In the third quarter, we exceeded our expected range on revenue, raising our annual revenue guidance and brought in $63.5 million of new contract bookings.
Quantum Networking Expansion: We have solidified our push into quantum networking via our recent contracts less than a year after announcing our networking initiative.
Quarterly Revenue Exceeds Expectations: We once again exceeded the high-end of our revenue range for the quarter delivering $12.4 million in recognized revenue compared to our range of $9 million to $12 million for the quarter.
Revenue Guidance Increase: We are raising our revenue guidance for the fully year 2024 to a range of $38.5 million and $42.5 million, reflecting our confidence in our progress on our percentage of completion based contracts.
New Contract Announcements: We announced a new $54.5 million contract with our existing customer, the United States Air Force Research Lab, as well as a $9 million renewal with the University of Maryland.
Negative
Operating Costs Increase: Total operating costs and expenses for the third quarter were $65.5 million, up 36% from $48.3 million in the prior year period.
R&D Cost Increase: Research and development costs for the third quarter were $33.2 million, up 35% from $24.6 million in the prior year period.
Q3 Non-Cash Loss: This Q3 loss includes a non-cash loss of $3.9 million for the third quarter related to the fair value of our warrant liabilities.
Adjusted EBITDA Loss: We saw an adjusted EBITDA loss for the third quarter of $23.7 million compared to a $22.4 million loss in the prior year period.
Adjusted EBITDA Loss Projection: We continue to project an adjusted EBITDA loss for the year of $110.5 million.
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IONQ Earning Call Sentiment
IonQ, Inc. (IONQ) Q3 2024 Earnings Call Transcript
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IONQ.N
-7.24%Positive
The earnings call highlights strong financial performance with record revenue and significant bookings, despite ongoing losses. The company raised revenue guidance and secured new partnerships, such as the AWS contract extension, which are positive indicators. However, there are concerns about regulatory uncertainties and supply chain challenges. The Q&A section revealed management's strategic focus and expansion plans, but also some avoidance in addressing government spending opportunities. Given the company's strong cash position and positive guidance, the stock price is likely to see a positive movement in the short term.