Quantum Stocks Q3 Earnings Compared: IonQ Ranks First in Commercialization

At a glance

Four publicly listed quantum companies released their third-quarter results first. The author compared analyst target price changes with the results and ranked the four firms. IonQ's revenue and order backlog both grew.

Key points

1. 1

   IonQ's quarterly revenue was $173.8 million, more than 23% above market expectations.

2. 2

   Nine brokerages cut their IonQ target prices but kept their investment ratings unchanged.

3. 3

   The author noted that IonQ's stock rose over 20% despite the target price cuts.

Why it matters

Comparing earnings of quantum computing companies shows which firms are actually earning money.