Forget the Quantum Hype Cycle: IonQ's Earnings Just Proved the Business Is Real

IonQ's (NYSE: IONQ) stock surged nearly 20% on Feb. 26 after the quantum computing company posted its fourth-quarter earnings report. Its revenue surged 429% year over year to $61.9 million, beating analysts' expectations by $21.5 million. Its adjusted net loss widened from $0.15 to $0.20 per share, but still cleared the consensus forecast by three cents. For the full year, IonQ's revenue rose 202% to $130 million, marking an acceleration from its 95% growth in 2024 and 98% growth in 2023. But its adjuste ...