IonQ Announces Record 3Q26 Revenues and Raises FY2026 Guidance to $505 - $515 Million as Backlog Grows to $1.2 Billion
Key Highlights
- ➤Q3 revenue $173.8 million, up 336% year-over-year
- ➤FY2026 revenue guidance raised to $505-$515 million
- ➤Remaining performance obligations more than doubled to $1.2 billion
- ➤DARPA Stage C advancement carries potential program value up to $300 million
- ➤IonQ pro-forma cash, equivalents and investments reached $3.7 billion
Expert Statements
Niccolo de Masi, Chairman and CEO of IonQ
“I am pleased to report that IonQ delivered its sixth consecutive quarter of record results and the strongest quarter in our company's history,”
Niccolo de Masi, Chairman and CEO of IonQ
“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 of IonQ
“Recent developments have provided meaningful validation of our technology and commercial strategy.”
Niccolo de Masi, Chairman and CEO of IonQ
“We are deeply proud that IonQ is the only trapped-ion company to advance to DARPA Stage C.”
Niccolo de Masi, Chairman and CEO of IonQ
“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 of IonQ
“IonQ is building the quantum ecosystem as the first vertically integrated quantum technology company that spans computing, networking, sensing, and security.”
Niccolo de Masi, Chairman and CEO of IonQ
“One of our customers’ most urgent needs today is cybersecurity that protects them now and keeps them protected as post-quantum standards evolve.”
Niccolo de Masi, Chairman and CEO of IonQ
“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.”
Niccolo de Masi, Chairman and CEO of IonQ
“We are focused on integrating and leveraging IonQ’s differentiated solutions to drive durable growth and long-term profitability.”
Inder Singh, COO and CFO of IonQ
“I am thrilled that we continued our growth trajectory in the third quarter, with revenue up 336% year-on-year.”
Inder Singh, COO and CFO of IonQ
“Our Remaining Performance Obligations more than doubled to $1.2 billion, even as we converted our backlog into record third quarter revenues.”
Inder Singh, COO and CFO of IonQ
“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.”
Inder Singh, COO and CFO of IonQ
“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 of IonQ
“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.”
IonQ Announces Record 3Q26 Revenues and Raises FY2026 Guidance to $505 - $515 Million as Backlog Grows to $1.2 Billion
Revenue, GAAP EPS and Adjusted EPS All Exceed Consensus Estimates*
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