IonQ, a leading pure-play quantum computing company, has reported record-breaking financial results for the fourth quarter and full year 2025, becoming the first publicly traded quantum firm to exceed $100 million in annual revenue. The company's stock (IONQ) surged 7.35% in after-hours trading following the announcement.
For the full year 2025, IonQ generated $130 million in revenue, marking a staggering 202% year-over-year increase. The fourth quarter alone contributed $61.9 million in revenue, which was 429% higher than the same period in 2024. This figure significantly outperformed expectations, beating the company's own guidance midpoint by 55% and surpassing the Zacks consensus estimate by over 53%.
Earnings per share (EPS) for Q4 were a standout, coming in at $1.93 against a consensus estimate of a $0.48 loss, representing a 502% earnings surprise. CEO Niccolo de Masi characterized 2025 as "a year of tremendous accomplishments and a strategic and financial inflection point" for IonQ.
Looking ahead, IonQ has issued ambitious guidance for 2026, projecting revenue between $225 million and $245 million, which would nearly double its 2025 performance. The company also expects adjusted EBITDA losses of up to $330 million as it continues heavy investment in research, hiring, and manufacturing.
In a major strategic move, IonQ recently announced a $1.8 billion agreement to acquire semiconductor foundry SkyWater Technology. This acquisition aims to vertically integrate IonQ's production capabilities, particularly to serve U.S. government and defense customers requiring a domestic supply chain. The company also expanded its global partnership with QuantumBasel to over $60 million across four years and is targeting the development of a 256-qubit sixth-generation quantum machine by the end of 2026.
Despite the strong results, IonQ shares had declined approximately 29.5% year-to-date prior to the earnings report, contrasting with a 0.7% gain in the S&P 500 over the same period. Wall Street analysts maintain a Moderate Buy consensus on the stock, with an average price target of $70.25, implying over 100% upside from current levels.
