Kicking off financial results for quantum computing stocks, IonQ on Wednesday reported a bigger than expected second quarter loss while revenue topped expectations. IonQ stock fell on the news.
IonQ reported financial results after the market close. For the June quarter, IonQ reported a 70-cent loss on an adjusted basis versus a 18-cent loss a year earlier. Revenue climbed 82% to $20.7 million, including acquisitions.
Analysts had forecast a 29-cent loss using generally accepted accounting principles, or GAAP, with revenue of $17.2 million.
Quantum Computing Stocks: IonQ Board Changes
For the September quarter, IonQ said it expects revenue of $27 million versus estimates of $25.5 million.
IonQ said the company has named Chief Executive Niccolo de Masi as chairman of the board of directors, effective immediately. Peter Chapman has stepped down as executive chairman and as a member of the board, the company said.
On the stock market today, IonQ stock dipped 3% to near 40 in extended trading. Heading into the earnings report, IonQ stock had retreated 4% in 2025. Further, IonQ stock holds an entry point of 48.94 from a consolidation base.
Quantum computing works on a subatomic level and uses exotic technologies, like supercold superconductor chips. Further, Quantum computing's ultimate benefit is that it aims to solve problems too complex for today's classical computers.
IonQ has been on an acquisition spree. The company is expanding from quantum compute into building quantum key distribution (QKD) networks, eyeing U.S. government business.
Meanwhile, quantum computing stocks have been volatile in 2025 amid controversy involving Nvidia over how soon commercially viable quantum technology will be available.
From a technical view, IonQ stock holds a Composite Rating of 64 out of a best-possible 99, according to IBD Stock Check-up. IBD's Composite Rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.
Meanwhile, IonQ stock holds an Accumulation/Distribution Rating of B. That rating analyzes price and volume changes in a stock over the past 13 weeks of trading. (A+ signifies heavy institutional buying; E means heavy selling. Think of a C grade as neutral.)
Follow Reinhardt Krause on X, formerly Twitter, @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
