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Jun 30, 2023
Ionq Q2 2023 Earnings Report
IonQ reported record bookings and increased full year revenue and bookings outlook.
Key Takeaways
IonQ announced strong second quarter results with revenue of $5.5 million, exceeding the high end of the previous range, and record bookings of $28.0 million. The company raised its full year revenue outlook to $18.9 million to $19.3 million and bookings outlook to $49 million to $56 million.
Achieved revenue of $5.5 million, above the high end of the previously provided range.
Secured $28.0 million in new bookings, bringing the year-to-date total to $32.2 million.
Increased full year 2023 revenue outlook to $18.9 million to $19.3 million.
Increased full year 2023 bookings expectation range to $49 million to $56 million.
Ionq
Ionq
Forward Guidance
IonQ increased its revenue outlook range to $18.9 million to $19.3 million for the full year 2023. The company is expecting revenue of between $4.8 million and $5.2 million for the third quarter of 2023. For the full year 2023, IonQ is increasing its bookings expectation range again to between $49 million to $56 million.
Positive Outlook
- Increased revenue outlook range for full year 2023 to $18.9 million to $19.3 million.
- Expecting revenue of between $4.8 million and $5.2 million for Q3 2023.
- Increased bookings expectation range for full year 2023 to between $49 million to $56 million.
- Projecting more than 100% growth in bookings year-over-year at the midpoint.
- Seeing increased demand for its systems and hopes to sell a number of systems over the next 18 months.