Quantum computing company IonQ (IONQ) is set to announce its third-quarter earnings results on Wednesday, November 5th, after the closing bell.
Analysts expect the company to report a loss per share of $0.20 on revenue of $26.99M, a more than 117% increase from last year.
Seeking Alpha analyst Pythia Research said in a note that momentum is expected to continue while IonQ converts the backlog related to contracts with the government, hyperscalers, and enterprises.
“While it has significant losses in the near term, IonQ’s model emphasizes capability compounding rather than spending management. The growing list of hybrid contracts and primitive production solutions portends well for IonQ to turn adjusted EBITDA positive in the current decade,” the analyst said.
Over the last 2 years, IONQ has not beaten EPS estimates even once, while it has beaten revenue estimates 100% of the time.
B. Riley maintained its Buy rating on IonQ (IONQ) recently, noting that quarterly revenues should at least meet third-quarter and fourth-quarter consensus estimates, which track to 2025’s $91M (+111% year-over-year) guidance.
“We believe end-to-end compute, networking, sensing, and space leadership is filling in and expect insights on recently-closed Vector Atomics and Oxford Ionics deal implications for 2030’s 2M physical/80K logical qubit roadmap and related ambitions,” said the analysts.
In the past 3 months, EPS estimates for IonQ have seen five downward revisions, while revenue estimates have seen six upward revisions.