IonQ — Q3 2026 Earnings Summary

IonQ reported record third-quarter 2026 revenue of $173.8 million, representing a 336% year-over-year increase, driven by global deployments of its Tempo quantum computers and SkyWater foundry services. The company raised its full-year 2026 revenue guidance to a range of $505 million to $515 million and reported a backlog of remaining performance obligations growing to $1.2 billion. Key commercial milestones included advancing to Stage C of the DARPA Quantum Benchmarking Initiative, securing a $33 million contract with SDT, and acquiring Elisity to expand its quantum security platform. IonQ ended the quarter with $1.7 billion in cash and investments, rising to $3.7 billion pro forma following a recent equity offering.