# IonQ (IONQ) Q2 2026 earnings

Results filed 2026-08-05 for the quarter ended 2026-06-30. Source page: https://earnings.opennash.com/companies/ionq/2026-q2/
Press release and exhibits: https://www.sec.gov/Archives/edgar/data/1824920/000119312526335040/0001193125-26-335040-index.htm
> Summaries and transcripts are machine-generated and can contain errors.

## In brief

IonQ reported record GAAP revenue of $80.1 million, up 287% year-on-year, and raised full-year 2026 revenue guidance to between $280 and $290 million.

IonQ had its biggest quarter ever. Revenue was $80.1 million, up 287% from a year ago and 20% above the midpoint of its own prior range, driven by quantum computer deployments and cloud usage. The GAAP net loss was ($1,867.7) million, or ($5.08) per share, largely because of a large non-cash change in the value of warrant liabilities. Adjusted EBITDA loss was ($120.3) million. The company closed its SkyWater acquisition after quarter-end.
Management raised full-year 2026 revenue guidance to between $280 million and $290 million and still expects 100% organic growth. The outlook excludes SkyWater, which closed July 31, so the combined company's numbers will look different. The main tension is that spending is rising fast: operating costs were far above revenue, and cash fell to a pro-forma $2.0 billion after paying for SkyWater. Management is betting that RPO growth of 297% and the 256-qubit roadmap justify the spending.

## Key numbers

| Metric | Value | Change | Basis |
| --- | --- | --- | --- |
| Revenue | $80.1 million | up 287% year-on-year | GAAP |
| Net loss | ($1,867.7) million |  | GAAP |
| GAAP EPS | ($5.08) |  | GAAP |
| Adjusted EPS | ($0.33) |  | non-GAAP |
| Loss from operations | (337,243) |  | GAAP |
| Adjusted EBITDA | ($120.3) million |  | non-GAAP |
| Cash, cash equivalents and investments | $3.0 billion |  |  |

## Segments and operating metrics

| Name | Value | Change |
| --- | --- | --- |
| International share of revenue | 50% |  |
| Commercial share of revenue | 60% |  |
| Multi-product share of revenue | 25% |  |
| Remaining performance obligations | 297% | up year-on-year |

## Outlook

| Metric | Period | Outlook |
| --- | --- | --- |
| Full-year 2026 revenue | full year 2026 | between $280 million and $290 million |
| Organic revenue growth | full year 2026 | 100% |

## Key takeaways

1. **Revenue hit a record $80.1 million** Revenue grew 287% year-on-year and came in 20% above the midpoint of the previously provided range. It was the company's fifth consecutive record quarter.
2. **Full-year revenue guidance raised to $280-$290 million** The prior range was $260-$270 million. Management still expects 100% organic growth in 2026, and the outlook excludes SkyWater.
3. **GAAP loss dominated by non-cash warrant charges** Net loss was ($1,867.7) million, including a loss on change in fair value of warrant liabilities of (1,649,115) thousand. Adjusted EBITDA loss was ($120.3) million.
4. **Revenue base is broadening across customers** About 50% of revenue was international, 60% commercial and 25% from multi-product customers. Remaining performance obligations grew 297% year-on-year.
5. **SkyWater closing reshapes cost and cash outlook** The acquisition closed July 31, 2026, and cash, cash equivalents and investments fall from $3.0 billion to $2.0 billion pro forma. SkyWater-related R&D cost $24.7 million in the quarter.

## Questions

**What were IonQ's Q2 2026 revenue and growth?** IonQ reported record GAAP revenue of $80.1 million, up 287% from a year ago. That was 20% above the midpoint of its previously provided range.
**How much did IonQ lose in Q2 2026?** Net loss was ($1,867.7) million, or ($5.08) per share, mostly from a large non-cash warrant fair-value charge. Adjusted EBITDA loss was ($120.3) million and Adjusted EPS was ($0.33).
**What is IonQ's 2026 guidance?** IonQ raised full-year 2026 revenue guidance to between $280 million and $290 million, up from $260-$270 million in May. It continues to expect 100% organic growth, and the outlook excludes SkyWater.
**How much cash does IonQ have after the SkyWater deal?** IonQ had $3.0 billion in cash, cash equivalents and investments at June 30, 2026. Pro forma for the SkyWater acquisition, that is $2.0 billion, with no debt.
**What is driving IonQ's growth?** Management cites global deployments of IonQ Tempo quantum computers, strong cloud utilization and broad commercial momentum. Remaining performance obligations grew 297% year-on-year.

## Slides and investor documents

- [Earnings Presentation](https://s28.q4cdn.com/828571518/files/doc_financials/2026/q2/IONQ_Q2-2026-Investor-Updates-vFinal-2026-08-05.pdf) (Slide deck)
- [Transcript](https://s28.q4cdn.com/828571518/files/doc_downloads/2026/08/IonQ-Inc-IONQ-US-Q2-2026-Earnings-Call-5-August-2026-4_30-PM-ET.pdf) (Company's official transcript)
- [Earnings Webcast](https://event.choruscall.com/mediaframe/webcast.html?webcastid=XCnmCIIB) (Webcast replay)
- [Financial Statement](https://d18rn0p25nwr6d.cloudfront.net/CIK-0001824920/72abe5e3-ce78-48ad-99f7-897dd49c43b4.pdf) (Document)