Earnings Releases·Nov 5, 2026, 4:07 PM ET

IonQ — Q3 2026 Earnings Summary

Reported GAAP revenue of $173.8 million, a 336% year-over-year increase, while raising full-year 2026 revenue guidance to $505–$515 million; Adjusted EPS remained negative at $(0.29) despite GAAP net income of $564.0 million driven by an $896.2 million non-cash warrant liability gain.
Remaining Performance Obligations (RPOs) more than doubled to $1.2 billion, supported by major wins including a $33 million SDT contract, a $28 million DARPA agreement, and a strategic deployment with NVIDIA.
Cash and investments rose to $1.7 billion, expanding to $3.7 billion pro-forma following a $2.0 billion equity offering closed in October 2026, providing capital for vertical integration and manufacturing infrastructure.
Launched the OnRamp Foundry Initiative and industry-first SC250/SP90 platforms, while advancing to Stage C of the DARPA Quantum Benchmarking Initiative and acquiring Elisity to expand quantum security capabilities.