Results
4IonQ Announces Record Second Quarter 2026 Revenues, Growing 287% YoY International, Commercial and Multi-Product Revenues All Up YoY
6Reported Record GAAP Revenues of $80.1 Million, Representing a 287% Year-on-Year Increase, Fueled by Deployments Across Entire Quantum Platform
Outlook
Generated Strong Organic Revenue Growth Driven by Record Quantum Computer Deployments, Reinforcing Confidence in Achieving 100% Organic Growth for Full Year 2026Guidance reaffirmed
Results
International, Commercial and Multi-Product Segments Comprised Approximately 50%, 60% and 25% of the Quarter’s Total Revenue, Respectively, Demonstrating the Breadth of IonQ’s Business
Corporate events
Closed Acquisition of SkyWater Technology, Creating the First Vertically Integrated, Full-Stack, Quantum Platform
Outlook
2Raises Full Year Guidance to between $280 and $290 Million as Remaining Performance Obligations Grow 297% Year-on-YearGuidance raised
Management commentary
“I am pleased to report that IonQ delivered its fifth consecutive quarter of record results and the strongest quarter in our company's history,” said Niccolo de Masi, Chairman and CEO.
5“Second quarter revenue of $80.1 million again exceeded our guidance, reflecting continued customer demand across our expanding quantum platform.”
de Masi continued, “The successful close of our SkyWater and Nexus acquisitions extends IonQ’s full-stack quantum platform and merchant supplier leadership to the U.S. and allied ecosystem.
We have also made powerful strides towards demonstrating our 256-qubit quantum computer and publishing results for our quantum error correction technology on our hardware.
We enter the second half of the year confident in IonQ’s ability to execute our quantum platform roadmap, translate our technology leadership into durable commercial growth, and create long-term value for shareholders.”
“We also welcome the recent White House quantum executive orders which reinforce the strategic importance of quantum technologies for both the U.S. economy and national security.
These executive orders send a strong signal that quantum sensing, quantum networking, quantum cybersecurity and quantum computing leadership are all now national priorities for the United States.
We are more confident than ever that IonQ, with our unique quantum platform, is well positioned to support that effort.”
Results
Second Quarter and Recent Commercial Highlights
Corporate events
Signed Memorandum of Understanding with Anduril to Advance Quantum Technologies for Defense and National Security Applications and Develop Joint Proposals for Mission Critical Government and Commercial Bids
Signed Memorandum of Understanding with Sandia National Laboratories to Accelerate Quantum Co-Design for National Security Applications
Announced the Tennessee Quantum Communications Research Center in Collaboration with EPB, Housing the World’s First Commercial Quantum Memory Unit Installed in a Live Fiber Optic Network
Expanded Foundational Integrated Photonics Capabilities Through Acquisition of Nexus Photonics to Advance Miniaturization and Mass Manufacturing for Quantum Systems
Introduced New Addition to IonQ’s Quantum Security Product Portfolio, ClavisXG Multiplex, Enabling High-Performance, Physics-Based Key Distribution on Existing Network Infrastructure
Launched Commercial Interferometric Synthetic Aperture Radar (InSAR) Capability Through Space-Missions Line, Enabling Millimeter-Scale Earth Monitoring
Results
8Expanded the Number of On-Orbit Optical Communications Terminals to a Record High of 84, Supporting a U.S. Government Initiative
Management commentary
7“Our second quarter 2026 revenue grew 287% year-on-year, driven by global deployments of our IonQ Tempo quantum computers, strong cloud utilization, and broad-based commercial momentum across our quantum platform,” said Inder Singh, COO and CFO.
“Our revenue base is broadening in ways that reinforce its durability, with approximately 50% international, 60% commercial, and 25% multi-product revenue for the quarter.
1We are pleased to raise our revenue guidance to a new record level of $290 million at the high end and continue to be confident in delivering organic growth of 100% year-on-year for the full year 2026.”Guidance raised
Results
Second Quarter Financial Highlights
Recognized revenue of $80.1 million for the second quarter, which is 20% above the midpoint of the previously provided range and represents 287% year-on-year growth
Cash, cash equivalents, and investments were $3.0 billion as of June 30, 2026.
Pro-forma for the SkyWater acquisition (i.e., after subtracting from this number the cash consumed in consummating the acquisition), cash, cash equivalents and investments are $2.0 billion
Net loss was ($1,867.7) million and GAAP EPS was ($5.08) for the second quarter
Adjusted EBITDA loss was ($120.3) million and Adjusted EPS was ($0.33) for the second quarter.
Adjusted EBITDA includes the costs of our commercial relationship with SkyWater during the second quarter.
Excluding the SkyWater spend, Adjusted EBITDA loss would have been ($95.6) million *
Outlook
2026 Financial Outlook
3For the full year 2026, IonQ is raising its revenue expectations to between $280 million and $290 million.Guidance raised
For the full year, IonQ continues to expect strong organic growth of 100% year-on-yearGuidance reaffirmed
This financial outlook does not reflect any contribution from the SkyWater acquisition
Results
Remaining Performance Obligations
Corporate events
IonQ closed its acquisition of SkyWater on Friday July 31, 2026, after the quarter ended June 30, 2026.
The financial results and outlook disclosed in this press release do not reflect the addition of SkyWater to IonQ.
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