Why it matters: IonQ is one of the largest publicly traded quantum computing companies, and its new outlook of $505 million to $515 million for 2026 puts its revenue scale well beyond its pre-acquisition business.
IonQ (IONQ) reported third-quarter revenue of $173.8 million, up 336% from $39.9 million a year earlier. The quarter ended Sept 30. Results were released Nov 5.
Where the revenue came from: The company said its IonQ Platform segment brought in $90.3 million, up 127%, on deployments of its Tempo quantum computers. Its SkyWater Foundry Services segment, which came from IonQ's acquisition of SkyWater, contributed $83.5 million.
Profit and loss: Net income attributable to IonQ was $564.0 million, compared with a net loss of $1.05 billion a year earlier. IonQ said the result reflects the non-cash mark-to-market impact of its warrants. Basic earnings per share were $1.42 and diluted earnings per share were $1.35, compared with a loss of $3.58 a share. Loss from operations widened to $433.1 million from $168.8 million. Adjusted EBITDA, a non-GAAP measure, was a loss of $133.6 million, compared with a loss of $48.9 million.
Backlog and cash: IonQ said its remaining performance obligations more than doubled to $1.2 billion. Cash, cash equivalents and investments were $1.7 billion at Sept 30, or $3.7 billion on a pro forma basis including a $2.0 billion equity offering that closed Oct 16, according to the company.
Company announcements: IonQ said it advanced to Stage C of the Defense Advanced Research Projects Agency's Quantum Benchmarking Initiative, which it said carries a potential program value of up to $300 million. It also said a Superion 256 system will be the first on-premise quantum computer at Nvidia's Accelerated Quantum Research Center, and that it is acquiring security company Elisity. The release did not give a price for the Elisity deal. These are the company's own descriptions.
The company's outlook: IonQ raised its full-year 2026 revenue guidance to $505 million to $515 million and said it expects its quantum computing revenue to grow about 110% for the year. These are the company's own projections.
This story is for information only and is not investment advice.
Sources
- IonQ: third-quarter 2026 results release, Form 8-K Exhibit 99.1, SEC EDGAR, Nov 5, 2026
- IonQ: Form 8-K filing index, SEC EDGAR, Nov 5, 2026
How we checked this: We read IonQ's third-quarter 2026 release as filed with the SEC (Form 8-K, Exhibit 99.1, accepted Nov 5, 2026 at 4:07 PM ET) in a copy saved on Nov 7, 2026 at about 8:17 AM ET, and checked every figure against it.
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