OpenNashEarnings

Consumer Technology · NYSE: IONQ

IonQ earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends December · next results expected around 25 Jan 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 2026

IonQ reported record Q3 2026 GAAP revenue of $173.8 million, up 336% year-over-year, and raised full-year 2026 revenue guidance to $505 to $515 million as backlog grew to $1.2 billion.

IonQ's third-quarter revenue was $173.8 million, up 336% from a year ago and its sixth straight record quarter. The IonQ Platform segment contributed $90.3 million, up 127%, and the newly acquired SkyWater Foundry Services segment added $83.5 million. GAAP net income attributable to IonQ was $564.0 million, but this came from a non-cash gain on warrants. Adjusted EBITDA was a loss of ($133.6) million.

Read the Q3 2026 summary →Q3 2026 slides (PDF) ↗Official transcript (PDF) ↗

Quarters

KPI history

Revenue$173.8M+336.0% y/yQ3 2026
Q4 2024: $11.7M (worked out from the annual figure)Q4 ’24$11.7MQ1 2025: $7.6MQ1 ’25$7.6MQ2 2025: $20.7MQ2 ’25$20.7MQ3 2025: $39.9MQ3 ’25$39.9MQ4 2025: $61.9M (worked out from the annual figure)Q4 ’25$61.9MQ1 2026: $64.7MQ1 ’26$64.7MQ2 2026: $80.0MQ2 ’26$80.0MQ3 2026: $173.8MQ3 ’26$173.8M

Fourth quarter worked out from the annual figure.

Data
Q4 2024$11.7M *
Q1 2025$7.6M
Q2 2025$20.7M
Q3 2025$39.9M
Q4 2025$61.9M *
Q1 2026$64.7M
Q2 2026$80.0M
Q3 2026$173.8M
Diluted EPS (GAAP)$1.35Q3 2026
Q1 2025: -$0.14Q1 ’25-$0.14Q2 2025: -$0.70Q2 ’25-$0.70Q3 2025: -$3.58Q3 ’25-$3.58Q1 2026: $2.07Q1 ’26$2.07Q2 2026: -$5.08Q2 ’26-$5.08Q3 2026: $1.35Q3 ’26$1.35
Data
Q1 2025-$0.14
Q2 2025-$0.70
Q3 2025-$3.58
Q1 2026$2.07
Q2 2026-$5.08
Q3 2026$1.35

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin-249.1%+174.4 pts y/yQ3 2026
Q4 2024: -661.9%Q4 ’24-661.9%Q1 2025: -1000.3%Q1 ’25-1000.3%Q2 2025: -776.0%Q2 ’25-776.0%Q3 2025: -423.5%Q3 ’25-423.5%Q4 2025: -369.4%Q4 ’25-369.4%Q1 2026: -419.8%Q1 ’26-419.8%Q2 2026: -421.3%Q2 ’26-421.3%Q3 2026: -249.1%Q3 ’26-249.1%
Data
Q4 2024-661.9%
Q1 2025-1000.3%
Q2 2025-776.0%
Q3 2025-423.5%
Q4 2025-369.4%
Q1 2026-419.8%
Q2 2026-421.3%
Q3 2026-249.1%
Free cash flow-$331.9M−160.9% y/yQ3 2026
Q4 2024: -$43.0MQ4 ’24-$43.0MQ1 2025: -$35.3MQ1 ’25-$35.3MQ2 2025: -$53.8MQ2 ’25-$53.8MQ3 2025: -$127.2MQ3 ’25-$127.2MQ4 2025: -$83.3MQ4 ’25-$83.3MQ1 2026: -$159.4MQ1 ’26-$159.4MQ2 2026: -$114.0MQ2 ’26-$114.0MQ3 2026: -$331.9MQ3 ’26-$331.9M
Data
Q4 2024-$43.0M
Q1 2025-$35.3M
Q2 2025-$53.8M
Q3 2025-$127.2M
Q4 2025-$83.3M
Q1 2026-$159.4M
Q2 2026-$114.0M
Q3 2026-$331.9M

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$11.7Md$7.6M$20.7M$39.9M$61.9Md$64.7M$80.0M$173.8M
Operating income-$77.5Md-$75.7M-$160.6M-$168.8M-$228.6Md-$271.5M-$337.2M-$433.1M
Operating margin-661.9%-1000.3%-776.0%-423.5%-369.4%-419.8%-421.3%-249.1%
Net income-$202.0Md-$32.3M-$176.8M-$1.1B$753.7Md$805.4M-$1.9B$564.0M
Diluted EPS—-$0.14-$0.70-$3.58—$2.07-$5.08$1.35
Operating cash flow-$39.4Md-$33.0M-$52.6Md-$123.1Md-$74.5Md-$151.0M-$103.8Md-$315.5Md
Capital expenditure$3.6Md$2.3M$1.2Md$4.1Md$8.8Md$8.4M$10.2Md$16.3Md
Free cash flow-$43.0M-$35.3M-$53.8M-$127.2M-$83.3M-$159.4M-$114.0M-$331.9M
R&D expense$40.1Md$40.0M$103.4M$66.3M$96.1Md$125.7M$160.6M$141.7M

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings