EarningsQ2 2026 Earnings Report
MX:IONQ Q2 2026 EPS Results
Actual EPS-$91.46
Consensus EPS-$10.01
Beat/MissMissed by -$81.45
One Year Ago EPS-$12.60
MX:IONQ Q2 2026 Revenue Results
Actual Revenue$1.44B
Expected Revenue$1.20B
Beat/MissBeat by +$244.54M
YoY Revenue Growth+286.83%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
MX:IONQ Upcoming Earnings
IonQ's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:IONQ Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong commercial and technical momentum: exceptional top-line growth (Q2 $80.1M, +287% YoY), robust organic acceleration (+132% YoY), growing RPOs, major technical milestones (integrated QPUs, world‑class fidelities, walking cat architecture, QEC breakeven), and strategic vertical integration via SkyWater and Nexus Photonics that materially expands manufacturing and merchant-supplier capabilities. Offsetting these positives are sizable near-term investments and integration costs that produced negative adjusted EBITDA (‑$120.3M) and a large GAAP net loss driven by a non-cash warrant revaluation, along with pending accounting eliminations and the need to finalize combined-company guidance. Overall, the call emphasized durable long-term value creation and aggressive execution, while acknowledging short-term expense and integration noise.Company Guidance
Record Quarterly Revenue and Strong YoY Growth
GAAP revenue of $80.1M in Q2 2026, representing 287% year-over-year growth; the strongest quarter in company history and the fifth consecutive quarter of record results.
Beat Expectations and Raised Full-Year Guidance
Q2 revenue exceeded management expectations by ~20%; raised IonQ-only full-year revenue guidance to $280M–$290M.
Robust Organic Revenue Acceleration
Organic Q2 revenues grew 132% year-over-year; management reiterates ~100% organic growth target for the full year (company-level guidance).
Growing Forward Revenue Visibility (RPO)
Remaining performance obligations (RPOs) ended Q2 at $485M, up from $470M in Q1 and $122M one year ago (≈+298% YoY), providing multi-quarter revenue visibility.
Commercial & International Mix
Approximately 50% of Q2 revenue from international customers and ~60% from commercial (non-U.S. government) customers, signaling broad commercial adoption.
Product & Deployment Momentum
Began shipments of fifth-generation quantum computing subsystems to KISTI (Korea) and final assembly at QuantumBasel (Switzerland); multiproduct sales grew 40% YoY and accounted for ~25% of Q2 revenue.
Strategic Acquisitions and Vertical Integration
Closed $1.8B acquisition of SkyWater, creating a vertically integrated full-stack quantum platform and expanding merchant-supplier capabilities; also acquired Nexus Photonics to support integrated photonics and miniaturization efforts.
Major Technical Milestones
Delivered first fully featured, fully integrated QPUs from SkyWater now under test; previous achievements include 99.99% two-qubit gate fidelity (world record), three tape-outs for semiconductor-based chips, first chip prototypes received, and progress toward 256-qubit and 10,000-qubit designs.
Fault-Tolerance & QEC Progress
Published 'walking cat' manufacturable fault-tolerant architecture and validated key elements on hardware; demonstrated breakeven quantum error correction using qLDPC codes on a Tempo test system.
Quantum Security & Networking Advances
Launched a new QKD product for multi-data-type transport over municipal fiber; deployed 84 Skyloom optical communication terminals on orbit (100% increase YoY); positioning as a defense-in-depth quantum security provider.
MX:IONQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed