IonQ (IONQ) heads into earnings with relatively low expectations after its roughly 30% year-to-date decline, and any positive technological or financial updates could be well received by investors, Wedbush Securities said in a Monday note.
According to the report, the company is set to report fourth-quarter results Wednesday after the close, with the call expected to focus on technical progress, including updates on its planned 256-qubit system, rather than near-term financials.
Wedbush Securities noted that IonQ expects full-year 2025 revenue at or above its $106 million to $110 million guidance range, estimating about $109.7 million for the year, including roughly $41.6 million in the Q4.
On the deal front, the brokerage said investors will look for updates on IonQ's planned acquisition of SkyWater Technology and progress integrating Seed Innovations and Skyloom Global.
The firm maintained its outperform rating on the stock with a $60 price target.
Shares were down more than 2% in recent trading.
Price: 30.98, Change: -0.92, Percent Change: -2.88
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