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Strong revenue growth: IONQ reported Q3 2025 revenue of US$39.9 million, up ~222 % year-over-year, significantly beating analyst expectations of ~$27 million. IonQ Investor Relations+3Investors.com+3StockStory+3
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Raised 2025 guidance: They raised full-year revenue guidance to between US$106-110 million. Investors.com+2TradingView+2
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Strong strategic execution: The company highlighted that with the acquisition of Oxford Ionics and others, they believe they have a “complete platform solution” in quantum computing and networking. Investors.com+2IonQ+2
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Cash strength and growth orientation: For previous quarters they reported increasing cash reserves and made bold moves (e.g., quantum networking strategy, large acquisitions) which signal a growth trajectory beyond near-term earnings. IonQ+2Yahoo Finance+2
These factors tend to drive investor optimism even when the company is not yet profitable, because the market is buying into future potential rather than current profitability.