secwatch.observer — SEC 8-K summary
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Issuer:     IonQ, Inc. (IONQ)
CIK:        0001824920
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0000950170-24-092737
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IonQ Q2 revenue $11.4M, beats guidance; FY revenue guidance raised to $38-42M
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- Revenue $11.4M, above guidance $7.6-9.2M, up 106% YoY from $5.5M.
- Bookings $9.0M including system design win with ARLIS and AWS contract extension.
- Net loss $37.6M; Adjusted EBITDA loss $23.7M; cash and investments $402.0M.
- Technical milestones: 99.9% two-qubit gate fidelity and discovery of partial error correction.
- Full year revenue guidance raised to $38-42M from prior range.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1824920/000095017024092737/0000950170-24-092737-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1824920/000095017024092737/ionq-20240807.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-092737

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer