IonQ Revenue Soars 336% to $173.8 Million, Raises 2026 Forecast
Key Facts
IonQ said on Nov. 5 that revenue was $173.8 million in the quarter ended Sept. 30, 2026, up 336% year over year and marking a sixth consecutive record quarter. The company raised its 2026 fiscal-year revenue forecast to a range of $505 million to $515 million. It said it expects annual growth of 110% in quantum computing revenue. The results combine IonQ’s platform business with SkyWater’s foundry services following its acquisition of the company. The announcement came after the market close, while shares had fallen during the Nov. 5 session amid a sell-off in AI and chip stocks following the election, according to market coverage.
IonQ platform revenue was $90.3 million for the quarter, up 127% year over year, while SkyWater foundry services revenue was $83.5 million. The company said global deployments of IonQ Tempo computers were among the drivers of platform growth. It added that deliveries of quantum sensing and space solutions, along with the completion of the SkyWater acquisition, supported quarterly performance. Revenue for the nine months ended Sept. 30 rose to $318.549 million, compared with $68.126 million in the same period of 2025. Third-quarter 2025 revenue was $39.866 million.
IonQ said remaining performance obligations more than doubled to $1.2 billion at the end of the quarter. Quantum computing accounted for about two-thirds of the value of new contracts signed by the IonQ platform, which the company attributed to demand for the Superion 256 system. Among the contracts it announced was a $33 million multi-product deal with SDT to deploy Superion 256 and a quantum memory platform. It also announced a $28 million contract through the “It’s About Time” program to deliver 25 optical atomic clocks. The contract includes a $30 million option for additional production units.
In its previous review on Sept. 8, the company had forecast annual revenue of $450 million to $460 million, including SkyWater’s contribution from the acquisition date of July 31. The new range of $505 million to $515 million follows that update. On liquidity, cash, cash equivalents and investments totaled $1.7 billion on Sept. 30. The company said the figure would have been $3.7 billion on a pro forma basis after accounting for a $2 billion stock offering that closed on Oct. 16. These figures provide a picture of its cash resources after the offering was completed.
IonQ reported net income attributable to the company of $563.957 million and basic GAAP earnings per share of $1.42 for the quarter. The company said the result reflected a non-cash impact from the revaluation of warrants. By contrast, adjusted EBITDA loss was $133.6 million, and adjusted loss per share was $0.29. Operating loss widened to $433.075 million, compared with $168.813 million in the third quarter of 2025. Revenue also exceeded analysts’ estimate of $141.71 million, while adjusted loss per share was below their estimate of $0.31.
IonQ shares closed the Nov. 5 session at $26.43, down 10.53% from the previous close of $29.54. The stock traded between $24.91 and $29.12 during the session. Market coverage said the decline came as part of a sell-off in AI and chip stocks following the election that spread to quantum computing shares. The results were published after the session closed, so the drop came before the quarterly figures and new guidance were announced. The company held its earnings call on Nov. 5 at 4:30 p.m. Eastern time and made a replay available through Nov. 19, 2026.
IonQ announced that it had advanced to Phase C of DARPA’s quantum benchmarking initiative, which has a potential value of up to $300 million. The company said the phase will run through 2029 and allow the agency to independently test multiple generations of Superion systems. It also said NVIDIA will deploy a Superion 256 system as its first on-site quantum computer at its Accelerated Quantum Computing Research Center. The system will be directly connected to NVIDIA’s AI supercomputing infrastructure. These contracts and announcements represent workstreams the company cited alongside its higher annual forecast.