IonQ Inc. (NYSE:IONQ) fourth-quarter results have moved the quantum computing sector from a space of theoretical promise into a period of measurable commercial growth.
- IONQ stock is climbing. See the chart and price action here.
IONQ Q4
The company reported a massive revenue beat, bringing in $61.9 million for the fourth quarter.
This figure represents a 429% increase compared to the previous year and significantly outpaced Wall Street’s expectations. For the full year, IonQ hit $130 million in revenue, making it the first pure-play quantum firm to cross the $100 million annual threshold.
Investors responded with enthusiasm, sending shares up nearly 20% in a single session.
IonQ’s performance lifted the entire sector because it provides proof that customers are willing to pay for quantum services and suggests that businesses are beginning …