IonQ Q3 2025 revenue of $39.9M up 222%, beats guidance by 37%; full-year outlook raised to $106-110M
On 2025-11-05 IonQ (NYSE: IONQ) reported Q3 2025 revenue of $39.9 million, up 222% year over year and 37% above the top of guidance, versus a ~$27 million consensus, and raised full-year 2025 revenue guidance to $106-110 million. Adjusted EPS was -$0.17 (vs -$0.46 expected); adjusted-EBITDA loss was $48.9 million. IonQ also reported a claimed world-record 99.99% two-qubit gate fidelity and an AQ-64 Tempo system launched ahead of schedule. Results were filed on Form 8-K (Item 2.02) and Form 10-Q.
A 222% revenue increase with a 37% guidance beat and a raised full-year outlook from the largest-revenue public quantum pure-play is a strong upper-band earnings print; the bundled 99.99% two-qubit fidelity claim, if independently verified, would exceed Quantinuum Helios's published 99.921%, though it is a press claim here rather than a characterized result.
Accelerating revenue and raised guidance underwrite IonQ's $3.5B cash position and acquisition-led roll-up; sustained triple-digit growth widens its commercial-traction lead over peers reporting low-single-digit-million quarters, while the EBITDA loss keeps burn-versus-dilution central.