IonQ raises 2026 revenue forecast to $505 million to $515 million
Revenue of $173.8 million topped the $144.46 million consensus estimate, and a 29-cent adjusted loss per share was smaller than the 38 cents expected. The company also closed its Elisity acquisition.
Key takeaways
- IonQ (IONQ) reported third-quarter revenue of $173.8 million, above the $144.46 million consensus estimate, and an adjusted loss of 29 cents per share, smaller than the 38 cents expected. It raised its full-year 2026 revenue forecast to $505 million to $515 million. It also closed its acquisition of Elisity on Nov. 3.
IonQ (IONQ) raised its full-year 2026 revenue forecast to $505 million to $515 million and reported third-quarter revenue of $173.8 million, above the $144.46 million consensus estimate. Shares rose 4.0% after hours at 4:52 p.m. ET, from a $26.52 close.
Here's how the company did:
- Revenue: $173.8 million vs. $39.9 million a year earlier, against a $144.46 million expected
- Adjusted EPS: a loss of 29 cents per share vs. a loss of 38 cents expected, and a loss of 17 cents a year earlier
- GAAP diluted EPS: $1.35 per share, with net income attributable to IonQ of $564.0 million
Revenue has risen in each of the last three quarters, from $39.9 million in the third quarter of 2025 to $80.0 million in the second quarter of 2026.
Chairman and CEO Niccolo de Masi pointed to the company's vertically integrated manufacturing through SkyWater.
2026 guidance
The forecast was raised from $280 million to $290 million on Aug. 5. It expects 110% year-on-year growth in its quantum computing revenue for the full year.
Segment results
The IonQ Platform segment reported revenue of $90.3 million, up 127% from a year earlier, driven by global deployments of Tempo quantum computers.
The SkyWater Foundry Services segment reported revenue of $83.5 million. Non-IonQ quantum customer revenue rose more than 30% year on year.
Remaining performance obligations more than doubled to $1.2 billion.
Cash, cash equivalents and investments were $1.7 billion as of Sept. 30. They were $3.7 billion pro forma for the $2.0 billion equity offering that closed on Oct. 16.
Elisity acquisition closes
IonQ completed its acquisition of Elisity, Inc. on Nov. 3. The closing consideration was about 32.2 million shares of IonQ common stock.
Earn-out consideration could add up to about 4.3 million shares through January 2028, for a total of up to 36.5 million shares including the closing shares.
At closing, IonQ issued $1.15 billion of consideration in common stock. The sellers may earn up to an additional $150 million based on Elisity's revenue milestones through January 2028.