Cookie Consent by Free Privacy Policy Generator
Search
Close this search box.
Search
Close this search box.

IonQ Reports 50% Year-Over-Year Increase in Bookings

IonQ Logo

Insider Brief

  • IonQ announced $24.5 million in bookings for the full year 2022, representing a ~50% year-over-year increase.
  • Company will release its financial results for the fourth quarter and fiscal year ending December 31, 2022 on March 30.
  • Critical Quote: “During these turbulent times when the entire world is dealing with a challenging economic environment, IonQ is hitting and exceeding the expectations that we shared with the market in advance of taking the company public. Now, we are focused on ramping up manufacturability of our quantum computers to meet this demand.” — Peter Chapman, President and CEO of IonQ.

PRESS RELEASE — IonQ, a quantum computing industry leader, announced that it had achieved $24.5 million in bookings for the full year 2022, representing a ~50% year-over-year increase.

Prior to its public listing in late 2021, IonQ announced an aggressive growth plan of annual bookings for future years. IonQ’s actual results have exceeded that original plan each year since. With 50% growth in 2022 as a backdrop, the company plans to grow even faster in 2023.

“In the past two years, we have exceeded our expectations for bookings, largely due to overwhelming customer demand for quantum computing hardware and software in the near-term,” said Peter Chapman, President and CEO of IonQ. “During these turbulent times when the entire world is dealing with a challenging economic environment, IonQ is hitting and exceeding the expectations that we shared with the market in advance of taking the company public. Now, we are focused on ramping up manufacturability of our quantum computers to meet this demand.”

IonQ also announced that the company will release its financial results for the fourth quarter and fiscal year ending December 31, 2022 on Thursday, March 30, 2023, after the financial markets close.

 

The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

When: July 13, 2023 at 11:30am

What: GenMat Webinar

Jake Vikoren

Jake Vikoren

Company Speaker

Deep Prasad

Deep Prasad

Company Speaker

Araceli Venegas

Araceli Venegas

Company Speaker

Matt Swayne

With a several-decades long background in journalism and communications, Matt Swayne has worked as a science communicator for an R1 university for more than 12 years, specializing in translating high tech and deep tech for the general audience. He has served as a writer, editor and analyst at The Quantum Insider since its inception. In addition to his service as a science communicator, Matt also develops courses to improve the media and communications skills of scientists and has taught courses. [email protected]

Share this article:

Relevant

The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

When: July 13, 2023 at 11:30am

What: GenMat Webinar

Jake Vikoren

Jake Vikoren

Company Speaker

Deep Prasad

Deep Prasad

Company Speaker

Araceli Venegas

Araceli Venegas

Company Speaker

Keep track of everything going on in the Quantum Technology Market.

In one place.

Related Articles

Explore our intelligence solutions

Join Our Newsletter