IonQ (IONQ)
NYSE:IONQ
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.54Last Year’s EPS
-0.7Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and commercial picture: record revenue, massive YoY growth, materially increased RPO/backlog, expanded commercial and international traction, large cash reserves, and clear technical milestones (256‑qubit presale, tapeouts, validated benchmarks, published fault‑tolerance blueprint). Offsetting factors are sizable near‑term losses (adjusted EBITDA negative), very high R&D spend, some gross‑margin pressure and one‑time expenses tied to the SkyWater arrangement, and execution/regulatory risks around scaling and the SkyWater acquisition. On balance, the scale of revenue, backlog, cash runway, and technical/commercial momentum outweigh the near‑term profitability and execution challenges.Company Guidance
Record Quarterly Revenue and Strong YoY Growth
GAAP revenue of $64.7M in Q1 2026 — the largest quarter in company history, representing ~755% year‑over‑year growth (more than 8x vs. Q1 2025) and the fourth consecutive quarter of record results.
Raised Full‑Year Revenue Guidance
Full‑year 2026 revenue guidance raised to $260M–$270M (high end increased to $270M). Q2 2026 revenue guidance set at $65M–$68M.
Massive Growth in Backlog / Revenue Visibility (RPO)
Remaining performance obligations (RPO) of $470M as of March 31, 2026, up ~554% year‑over‑year, adding roughly $2.50 in RPO for every $1 of revenue recognized in Q1.
Strong Commercial Mix and International Expansion
Commercial customers comprised ~60% of Q1 revenue; ~35% of revenue came from international markets and IonQ has sold solutions in over 30 countries (vs. only a few a year ago).
Growing Multi‑product Customer Adoption
Over one‑third (~35%) of Q1 revenue came from multiproduct customers (customers purchasing more than one product such as compute, networking, sensing, security), indicating cross‑sell momentum for the platform.
Substantial Cash and Balance‑Sheet Strength
Cash, cash equivalents and investments of $3.1B as of March 31, 2026 — providing significant financial firepower to fund R&D, manufacturing expansion and strategic investments (including the pending SkyWater acquisition).
Major R&D Investment and Technical Progress
GAAP R&D spend of $125.7M in Q1 (up ~215% YoY). Technical milestones include presale of first chip‑based 256‑qubit system, completion of tapeout D, receipt of fabricated ion trap prototypes meeting critical metrics, wrapping of first engineering prototype for the full 256‑qubit computer, and progress toward 10,000‑qubit objectives.
Validated Performance Benchmarks and High Fidelity
Published third‑party validated benchmarks (April 14) showing up to 10,000x faster time‑to‑solution on key algorithms and ~1,000x on the Quantum Ferrer transform; reported 99.99% 2‑qubit fidelity and claims of cost/time to solution advantages.
Ecosystem, Partnerships and Customer Wins
Announced commercial application partnerships (finance, pharma, logistics, engineering) with production‑oriented results (e.g., portfolio optimization on S&P 500 data, double‑digit time improvements in CAE workflows), presold 256‑qubit customer systems, and expanded deployments in national quantum networking (Poland, Florida initiative, Mid‑Atlantic quantum memory node).
Government / Defense Contracts and Strategic Programs
Awarded a $39M contract for Space Development Agency's halo program, spot on Missile Defense Agency's Shield contract, participation in DARPA HARC (hardware award), and continued deployments (quantum sensors/atomic clocks) in defense and space (Navy ship, X‑37B).
SkyWater Partnership and Merchant‑Supplier Strategy
Announced intent to acquire SkyWater (expected to close in Q2–Q3 2026, subject to approvals). Early commercial collaboration has already produced test iterations and ion trap samples for the 256‑qubit chip; management expects IonQ to become the largest quantum merchant supplier post‑close.
IONQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IONQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $52.57 | $47.68 | -9.30% |
Feb 25, 2026 | $33.59 | $40.88 | +21.70% |
Oct 14, 2025 | $77.55 | $72.41 | -6.63% |
Aug 06, 2025 | $41.23 | $40.49 | -1.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does IonQ (IONQ) report earnings?
IonQ (IONQ) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is IonQ (IONQ) earnings time?
IonQ (IONQ) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IONQ EPS forecast?
IONQ EPS forecast for the fiscal quarter 2026 (Q2) is -0.54.
