Reflecting On Hardware & Infrastructure Stocks' Q4 Earnings: IonQ (NYSE:IONQ)

Looking back on hardware & infrastructure stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including IonQ (NYSE:IONQ) and its peers.

The Hardware & Infrastructure sector will be buoyed by demand related to AI adoption, cloud computing expansion, and the need for more efficient data storage and processing solutions. Companies with tech offerings such as servers, switches, and storage solutions are well-positioned in our new hybrid working and IT world. On the other hand, headwinds include ongoing supply chain disruptions, rising component costs, and intensifying competition from cloud-native and hyperscale providers reducing reliance on traditional hardware. Additionally, regulatory scrutiny over data sovereignty, cybersecurity standards, and environmental sustainability in hardware manufacturing could increase compliance costs.

The 8 hardware & infrastructure stocks we track reported a very strong Q4. As a group, revenues beat analysts’ consensus estimates by 10.7% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.

IonQ (NYSE:IONQ)

Founded by quantum physics pioneers from the University of Maryland and Duke University in 2015, IonQ (NYSE:IONQ) develops quantum computers that process information using trapped ions to solve complex computational problems beyond the capabilities of traditional computers.

IonQ reported revenues of $61.89 million, up 429% year on year. This print exceeded analysts’ expectations by 53.2%. Overall, it was a stunning quarter for the company with an impressive beat of analysts’ revenue estimates and full-year revenue guidance exceeding analysts’ expectations.

IonQ scored the biggest analyst estimates beat and fastest revenue growth of the whole group. Unsurprisingly, the stock is up 9.7% since reporting and currently trades at $36.85.

Is now the time to buy IonQ? Access our full analysis of the earnings results here, it’s free.

Best Q4: Super Micro (NASDAQ:SMCI)

Founded in Silicon Valley in 1993 and known for its modular "building block" approach to server design, Super Micro Computer (NASDAQ:SMCI) designs and manufactures high-performance, energy-efficient server and storage systems for data centers, cloud computing, AI, and edge computing applications.

Super Micro reported revenues of $12.68 billion, up 123% year on year, outperforming analysts’ expectations by 21.5%. The business had an incredible quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ EPS guidance for next quarter estimates.

The market seems content with the results as the stock is up 3.2% since reporting. It currently trades at $30.62.

Is now the time to buy Super Micro? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Xerox (NASDAQ:XRX)

Pioneering the modern office copier and inventing technologies like Ethernet and the laser printer, Xerox (NASDAQ:XRX) provides document management systems, printing technology, and workplace solutions to businesses of all sizes across the globe.

Xerox reported revenues of $2.03 billion, up 25.7% year on year, falling short of analysts’ expectations by 0.9%. It was a disappointing quarter as it posted full-year revenue guidance missing analysts’ expectations significantly and a significant miss of analysts’ EPS estimates.

Xerox delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 26.2% since the results and currently trades at $1.72.

Read our full analysis of Xerox’s results here.

HP (NYSE:HPQ)

Born from the legendary Silicon Valley garage startup founded by Bill Hewlett and Dave Packard in 1939, HP (NYSE:HPQ) designs and sells personal computers, printers, and related technology products and services to consumers, businesses, and enterprises worldwide.

HP reported revenues of $14.44 billion, up 6.9% year on year. This number surpassed analysts’ expectations by 3.5%. Taking a step back, it was a satisfactory quarter as it also logged a solid beat of analysts’ revenue estimates but a slight miss of analysts’ EPS guidance for next quarter estimates.

The stock is up 4.1% since reporting and currently trades at $18.95.

Read our full, actionable report on HP here, it’s free.

NetApp (NASDAQ:NTAP)

Founded in 1992 as a pioneer in networked storage technology, NetApp (NASDAQ:NTAP) provides data storage and management solutions that help organizations store, protect, and optimize their data across on-premises data centers and public clouds.

NetApp reported revenues of $1.71 billion, up 4.4% year on year. This print beat analysts’ expectations by 1.2%. Overall, it was a very strong quarter as it also recorded a solid beat of analysts’ billings estimates and revenue guidance for next quarter exceeding analysts’ expectations.

NetApp had the slowest revenue growth among its peers. The stock is flat since reporting and currently trades at $99.03.

Read our full, actionable report on NetApp here, it’s free.

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