IonQ, Inc.: Beat — EPS -$0.29, Revenue $173.83M
Earnings BeatQ3 2026 · After-market
Did IonQ, Inc. (IONQ) beat earnings?
Yes, IonQ, Inc. (IONQ) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+14.71% surprise
-$0.29Actual
Expected: -$0.34
vs. year ago -70.6%
Total Revenue+23.11% surprise
$173.83MActual
Expected: $141.2M
vs. year ago +336.0%
Released Nov 05 · 4:05 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $173.83M | $39.87M | +336.0 |
| Revenue detail — reported lines | |||
| └─IonQ Platform | $90.30M | - | +127.0 |
| └─SkyWater Foundry Services | $83.50M | - | - |
| Net Income | $563.11M | $(1,055.612)M | - |
| GAAP Basic EPS | $1.42 | $(3.58) | - |
| GAAP Diluted EPS | $1.35 | $(3.58) | - |
| Adjusted EPS | $(0.29) | $(0.17) | - |
Financial Outlook / Guidance
| Metric | FY2026 Outlook | |
|---|---|---|
| Guidance | Expected | |
| Revenue | $505M-$515M (+110% YoY | $455.11MBeat +12.06% |
FY2026 Outlook
- Revenue
- Guidance$505M-$515M(+110% YoYExpected$455.11MBeat +12.06%
Business Highlights
- ➤Advanced to DARPA Stage C as the only trapped-ion company.
- ➤NVIDIA will deploy a Superion 256 at its Accelerated Quantum Research Center.
- ➤Acquired Elisity to extend Zero Trust and cryptographic-agility capabilities.
- ➤Signed a multi-product contract with SDT for Superion 256 and quantum memory.
- ➤Contracted with Florida International University to deploy Superion 256.
- ➤Won DARPA optical-clock work to deliver 25 optical atomic clocks.
- ➤Received Air Force Research Laboratory follow-on funding for full-stack quantum networking.
- ➤Signed an MOU with Northrop Grumman on quantum applications collaboration.
- ➤Partnered with Carahsoft to support federal quantum adoption.
- ➤Extended D-Wave quantum-manufacturing collaboration through a multi-year agreement.
- ➤Won a multi-year foundry contract with new customer Qolab.
- ➤Launched SC250, SP90, and the OnRamp Foundry Initiative.
Management Commentary
Niccolo de Masi, Chairman and CEO
“I am pleased to report that IonQ delivered its sixth consecutive quarter of record results and the strongest quarter in our company's history. Third quarter revenue of $173.8 million reflects increasing demand for our quantum technologies and the benefits of our vertically integrated quantum manufacturing capabilities through SkyWater.”
Niccolo de Masi, Chairman and CEO
“Recent developments have provided meaningful validation of our technology and commercial strategy. We are deeply proud that IonQ is the only trapped-ion company to advance to DARPA Stage C. This final stage of DARPA’s Quantum Benchmarking Initiative includes a potential program value of up to $300 million. In addition, NVIDIA will deploy a Superion 256 system as the first on-premise quantum computer at its Accelerated Quantum Research Center – connected directly to its AI supercomputing infrastructure. Both decisions underscore IonQ’s relentless focus on leading the industry with deployable quantum computers – built for data centers and designed to work with classical computing.”
Niccolo de Masi, Chairman and CEO
“IonQ is building the quantum ecosystem as the first vertically integrated quantum technology company that spans computing, networking, sensing, and security. At SkyWater, we were pleased to welcome Qolab, founded by Nobel Prize winner John Martinis, as a new quantum customer. We also extended our multi-year collaboration with D-Wave and launched our OnRamp Foundry Initiative to accelerate quantum startups from laboratory prototype to commercial manufacturing.”
Niccolo de Masi, Chairman and CEO
“One of our customers’ most urgent needs today is cybersecurity that protects them now and keeps them protected as post-quantum standards evolve. Our acquisition of Elisity extends our strategy to meet that need, adding Zero Trust technology that is both a perfect complement and accelerant to our PQC and QKD solutions. We are focused on integrating and leveraging IonQ’s differentiated solutions to drive durable growth and long-term profitability.”
Inder Singh, COO and CFO
“I am thrilled that we continued our growth trajectory in the third quarter, with revenue up 336% year-on-year. Major drivers included global deployments of our IonQ Tempo quantum computers, deliveries of our quantum sensing and space-based solutions, and closing on our acquisition of SkyWater, which had a very strong quarter of its own. Our Remaining Performance Obligations more than doubled to $1.2 billion, even as we converted our backlog into record third quarter revenues. This was an especially strong quarter in quantum computing, which represented approximately two-thirds of new contract dollars signed by our IonQ Platform segment, driven by Superion 256 demand. We are pleased to raise our full-year 2026 revenue guidance to an industry record of more than half a billion dollars.”
Inder Singh, COO and CFO
“IonQ’s strong balance sheet, including $3.7 billion in cash and equivalents pro forma with our recent equity offering, gives us incredible financial firepower to continue investing in our technology, manufacturing infrastructure, and commercial capabilities as we scale the business and capitalize on the growing demand for quantum solutions.”