IonQ (NYSE: IONQ) significantly exceeded its fourth-quarter revenue estimates, reporting $61.9 million, a 429% increase year-over-year, and became the first pure-play quantum company to reach $100 million in annual revenue. This performance has boosted the entire quantum computing sector, demonstrating commercial viability and investor confidence. While D-Wave Quantum (NYSE: QBTS) reported a revenue miss, it showed strong bookings growth, and the quantum community now looks to upcoming reports from Rigetti Computing (NASDAQ: RGTI) and Quantum Computing (NASDAQ: QUBT) to gauge continued sector momentum.
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IonQ Crushes Q4 Estimates— Rigetti, Quantum Computing On Deck
IonQ (NYSE: IONQ) significantly exceeded its fourth-quarter revenue estimates, reporting $61.9 million, a 429% increase year-over-year, and became the first pure-play quantum company to reach $100 million in annual revenue. This performance has boosted the entire quantum computing sector, demonstrating commercial viability and investor confidence. While D-Wave Quantum (NYSE: QBTS) reported a revenue miss, it showed strong bookings growth, and the quantum community now looks to upcoming reports from Rigetti Computing (NASDAQ: RGTI) and Quantum Computing (NASDAQ: QUBT) to gauge continued sector momentum.