IonQ Q2 Revenue $80.1M, Up 287% YoY; Raises FY26 Guidance
IonQ announced record second-quarter 2026 financial results, with GAAP revenues reaching $80.1 million, a 287% increase year-on-year, exceeding previous guidance. The company also raised its full-year 2026 revenue guidance to $280 million to $290 million and reported a 297% year-on-year growth in Remaining Performance Obligations. Additionally, IonQ completed the acquisition of SkyWater Technology, aiming to create the first vertically integrated, full-stack quantum platform, though its financial impact is not reflected in the Q2 results or raised guidance. Despite strong revenue growth, the company reported a significant GAAP net loss of $1,867.7 million, primarily due to changes in fair value of warrant liabilities.
Key Highlights
- Reported record Q2 GAAP revenue of $80.1 million, a 287% year-on-year increase.
- Raised full-year 2026 revenue guidance to between $280 million and $290 million.
- Remaining Performance Obligations (RPOs) grew 297% year-on-year.
- Closed acquisition of SkyWater Technology, creating a vertically integrated quantum platform.
- Q2 GAAP Net Loss was $1,867.7 million; GAAP EPS was ($5.08).
- Q2 Adjusted EBITDA loss was $120.3 million; Adjusted EPS was ($0.33).
- Cash, cash equivalents, and investments totaled $3.0 billion as of June 30, 2026.
- International, Commercial, and Multi-Product segments comprised 50%, 60%, and 25% of revenue.
Price Impact
More from IONQ