Companies /Technology

IonQ Inc

NYSE: IONQ Computer Hardware
$40.34
▲ $3.50 (+9.50%) today
Markets closed · 8:38pm ET

Q1 2026 Earnings

Reported May 6, 2026, 4:05pm ET · SEC source
$-0.34
Beat +34.48%
EPS · est. $-0.52
$64.7M
Beat +30.03%
Revenue · est. $49.7M
+18.7%
Beating market
IONQ vs S&P since report
4 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−15%−10%−5%0May 6May 7report 4:05pm ETearnings−0.3%−16.0%
−15%−10%−5%0May 6May 7earnings−0.3%−16.0%
IONQ −16.0%S&P 500 −0.3%
−15%−10%−5%0May 6May 7report 4:05pm ETearnings−0.3%−16.0%
−15%−10%−5%0May 6May 7earnings−0.3%−16.0%
IONQ −16.0%NASDAQ −0.3%
−8%0+8%+16%May 5May 14report 4:05pm ETearnings+1.9%+15.0%
−8%0+8%+16%May 5May 14earnings+1.9%+15.0%
IONQ +15.0%S&P 500 +1.9%
−8%0+8%+16%May 5May 14report 4:05pm ETearnings+3.5%+15.0%
−8%0+8%+16%May 5May 14earnings+3.5%+15.0%
IONQ +15.0%NASDAQ +3.5%
+9.52%
Day of report
−9.30%
Next session
+5.12%
One week
+19.46%
30 days

S&P 500 over the same 30 days: +0.73%.

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 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. <a href="https://247wallst.com/investing/2026/05/06/live-will-ionqs-massive-run-continue-after-q1-earnings-tonight/">Heading into the print</a>, 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

“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%.”

IonQ CEO, on the earnings call

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

Revenue$64.7M
Operating Income$-271,507,000
Net Income$805.4M

Figures from SEC filings and company reports. Not investment advice.