Ionq Q2 2023 Earnings Report
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.