---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-142034"
form_type: "8-K"
ticker: "IONQ"
cik: "0001824920"
company_name: "IonQ, Inc."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T04:41:30.190700+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IonQ Q1 revenue $4.3M above high end; raises FY23 revenue outlook to $18.8-19.2M; achieves 29 AQ milestone

## Summary
- Revenue $4.3M in Q1 2023, above high end of guidance range, up from $2.0M YoY.
- Achieved 29 algorithmic qubits (#AQ) on IonQ Forte, seven months ahead of FY23 target.
- New bookings of $4.1M in Q1; cash and investments $525.5M as of March 31, 2023.
- Net loss $27.3M; adjusted EBITDA loss $15.9M; non-cash warrant liability loss $3.6M excluded.
- Raises FY23 revenue outlook to $18.8M-$19.2M from prior range.

## SEC filing metadata
- accession: 0001193125-23-142034
- form_type: 8-K
- ticker: IONQ
- cik: 0001824920
- company_name: IonQ, Inc.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1824920/000119312523142034/0001193125-23-142034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1824920/000119312523142034/d466863d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-142034
- JSON: https://secwatch.observer/filing/0001193125-23-142034.json
- Plain text: https://secwatch.observer/filing/0001193125-23-142034.txt

## Key facts
- Earnings Releases
  IonQ, Inc. reported the first quarter ended March 31, 2023 results: revenue $4.3 million, net income $27.3 million. Guidance raised.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $4.3 million
  - Net income: $27.3 million
  - Guidance: raised
  - Result: reported results
  source text: set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 IonQ Announces First Quarter 2023 Financial Results First Quarter Results of $4.3 Million in Revenue, Above High End of Range Achieves 2023 Technical Milestone of 29 Algorithmic Qubits with IonQ Forte, AI Work Published Completes Construction of IonQ Aria 2, Bringing
  evidence_url: https://www.sec.gov/Archives/edgar/data/1824920/000119312523142034/0001193125-23-142034-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.