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By Ben Glickman
Shares of IonQ rose Friday after the quantum-computing company lifted its full-year bookings guidance.
The stock was up 13% to $15.95. Shares have more than quadrupled this year.
The College Park, Md.-based company said Thursday it is expecting higher demand for its systems for the rest of the year, raising bookings guidance to $49 million to $56 million, compared with the prior range of $38 million to $42 million.
The second-quarter sales doubled from a year earlier to $5.5 million, surpassing the $4.3 million forecast by analysts according to FactSet. IonQ also reported $28 million in bookings in the quarter.
The company lifted expectations for its full-year results, now expecting revenue of $18.9 million to $19.3 million, compared with prior guidance of $18.8 million to $19.2 million.
Write to Ben Glickman at [email protected]
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