Quarterly ResultMay 6, 2026, 04:13 PM
IonQ Q1 Revenue $64.7M, +755% YoY; Raises Full Year Guidance
AI Summary
IonQ announced strong first-quarter 2026 financial results, with revenue reaching $64.7 million, a 755% year-on-year increase and 30% above the midpoint of its guidance. The company reported a net income of $805.4 million and GAAP EPS of $2.19. IonQ also raised its full-year 2026 revenue guidance to between $260 million and $270 million, driven by significant commercial momentum including the sale of its first 256-qubit system and new government contracts.
Key Highlights
- Q1 2026 revenue was $64.7 million, a 755% year-on-year increase.
- Reported Q1 2026 net income of $805.4 million and GAAP EPS of $2.19.
- Raised full-year 2026 revenue guidance to $260 million - $270 million.
- Remaining Performance Obligations grew 554% YoY to $470 million.
- Sold IonQ’s first 6th-Generation, Chip-Based, 256-Qubit System.
- Selected for DARPA’s HARQ Program and awarded a $39 million SDA HALO contract.
- Cash, cash equivalents, and investments totaled $3.1 billion as of March 31, 2026.
- Adjusted EBITDA loss for Q1 2026 was ($96.8) million.