Sources
- fool.com /
- fool.com /
- seekingalpha.com /
- fool.com /
- zacks.com /
- 247wallst.com /
- fool.com /
- marketbeat.com /
Tickers
IonQ (IONQ) received a $7.5 million Air Force funding installment to advance its quantum networking technology, part of an existing agreement rather than a new award. IONQ shares fell 10.56% on Thursday as a post-election sell-off in chip and AI stocks spread to riskier corners of tech, including quantum computing. After the close, IonQ reported third-quarter sales of $173.8 million, up 336% year over year with help from its SkyWater acquisition and well above Wall Street’s $141 million target, and raised its full-year 2026 forecast to between $505 million and $515 million. On its Q3 earnings call, IonQ credited record quarterly sal…
IonQ Raises 2026 Revenue Forecast After Record Third-Quarter Sales
IonQ (NYSE: IONQ) raised its 2026 revenue forecast after reporting record third-quarter sales, according to the company’s Q3 earnings call. The company attributed the results to quantum computing demand and its acquisition of foundry operator SkyWater.
Air Force Funding
IonQ received a $7.5 million Air Force funding installment to advance its quantum networking technology. The funding is part of an existing agreement rather than a new award.
Share Price Reaction
IONQ shares fell 10.56% on Thursday as a post-election sell-off in chip and AI stocks spread to riskier corners of tech, including quantum computing.
Quarterly Results
After the close, IonQ reported third-quarter sales of $173.8 million, up 336% year over year. The results were helped by the SkyWater acquisition and came in well above Wall Street’s $141 million target.
Outlook
The company raised its full-year 2026 forecast to between $505 million and $515 million. On its Q3 earnings call, IonQ credited record quarterly sales to quantum computing demand and the SkyWater acquisition.