Prediction: IonQ Puts a Multiyear Revenue Number on the Board Tuesday
A $15.5 billion market value rests on years the quantum computing company has never guided to.
Overview
Quantum computing company IonQ (NYSE:IONQ) hosts an investor day on Tuesday, Sept. 8. And I expect the event to produce something the company has never put in its guidance: a revenue forecast that reaches beyond the current year.
Second-quarter revenue rose 287% year over year to about $80 million, the company's fifth consecutive quarter of record results, up from about $65 million in the first quarter of this year. And management has raised its 2026 revenue guidance twice, from an initial range of $225 million to $245 million in February to $280 million to $290 million today.
Details
But every one of those figures stops at Dec. 31. Meanwhile, shares trade near $39 as of this writing, giving IonQ a market value of about $15.5 billion -- about 54 times the midpoint of this year's guided sales.
Source
Originally published at www.fool.com.