Q1 26 EPS
$-0.34
Q1 26 Revenue
$64.7M
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 Forward Guidance & Outlook
IonQ raised its full-year 2026 revenue guidance to between $260 million and $270 million, up from prior guidance, with Q2 2026 revenue expected between $65 million and $68 million. The company expects strong organic revenue growth of over 100% year-over-year for the full year. Full-year 2026 Adjusted EBITDA loss guidance was reaffirmed at between ($330) million and ($310) million. The financial outlook excludes the impact of the pending SkyWater Technology acquisition, which is expected to close in Q2 or Q3 2026.
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
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $-0.34 | — | $64.7M | — |
| Q4 25 FY | — | $-0.20 | — | $61.9M | — |
| 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% |