Q1 26 EPS
$-0.34
BEAT +34.48%
Est. $-0.52
Q1 26 Revenue
$64.7M
BEAT +30.03%
Est. $49.7M
Did IONQ Beat Earnings? Q1 2026 Results
IonQ delivered a blowout first quarter for fiscal 2026, reporting revenue of $64.67 million, reflecting 755% year-over-year growth and landing 30% above the midpoint of its own guidance range, as surging demand for its fifth-generation Tempo quantum … Read more IonQ delivered a blowout first quarter for fiscal 2026, reporting revenue of $64.67 million, reflecting 755% year-over-year growth and landing 30% above the midpoint of its own guidance range, as surging demand for its fifth-generation Tempo quantum computing systems and accelerating global expansion drove results well ahead of expectations. Adjusted EPS came in at -$0.34, with an Adjusted EBITDA loss of $96.75 million as the company continued scaling aggressively, pushing R&D spending to $125.74 million and stock-based compensation to $128.52 million. The single most consequential driver of the quarter's commercial momentum was the broadening of IonQ's customer base, with approximately 60% of revenue now coming from commercial customers and 35% from international buyers, a composition that underscores how far the platform has expanded beyond its government roots. Heading into the print, questions swirled about sustainability; IonQ answered by raising full-year 2026 revenue guidance to $260 million to $270 million, with Q2 expected between $65 million and $68 million.
Key Takeaways
- • 755% year-over-year revenue growth fueled by quantum computing system sales and quantum platform expansion
- • Approximately 60% of revenue from commercial customers
- • Approximately 35% of revenue from international customers
- • Approximately 35% of revenue from multi-product customers
- • Strong demand for fifth-generation Tempo systems
- • Increasing cloud utilization
- • Remaining performance obligations grew 554% year-over-year to $470 million
IONQ YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“I am pleased to share that IonQ has begun 2026 with strong momentum, delivering our fourth consecutive quarter of record-breaking results and the biggest quarter in our company's history - thus far. With $64.7 million in revenue, we have once again significantly outperformed our guidance range, exceeding the midpoint by 30%.”
— Niccolo de Masi, Q1 2026 Earnings Press Release
IONQ Earnings Trends
IONQ vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
IONQ EPS Trend
Earnings per share: estimate vs actual
IONQ Revenue Trend
Quarterly revenue: estimate vs actual
IONQ Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $-0.60 | $-0.33 | +44.88% | $80.1M | +20.52% |
| Q1 26 BEAT | $-0.52 | $-0.34 | +34.48% | $64.7M | +30.03% |
| Q4 25 BEAT FY | $-0.50 | $-0.20 | +59.73% | $61.9M | +53.47% |
| FY Full Year | $-5.15 | $-0.60 | +88.34% | $130.0M | +19.96% |
| Q3 25 BEAT | $-0.44 | $-0.17 | +61.36% | $39.9M | +47.73% |
| Q2 25 MISS | $-0.14 | $-0.70 | -400.00% | $20.7M | +20.12% |
| Q1 25 BEAT | $-0.15 | $-0.14 | +3.45% | $7.6M | +0.76% |