IonQ Q2 revenue jumps 287%, hitting record high on quantum computer deployments

IonQ

05/08/2026 21:40

Overview
US quantum computing platform's Q2 revenue rose 287% yr/yr, beating analyst expectations
Q2 net loss widened and missed analyst expectations
Company closed SkyWater Technology acquisition after quarter ended and raised full-year revenue guidance

Outlook
IonQ raises 2026 revenue guidance to $280 mln-$290 mln
Company continues to expect 100% organic revenue growth for full year 2026
2026 outlook does not reflect any contribution from SkyWater acquisition

Result Drivers
QUANTUM COMPUTER DEPLOYMENTS - Co said record Q2 revenue was driven by global deployments of IonQ Tempo quantum computers and strong cloud utilization
DIVERSIFIED REVENUE BASE - Co said international, commercial, and multi-product segments contributed 50%, 60%, and 25% of Q2 revenue, respectively
COMMERCIAL AND GOVERNMENT PARTNERSHIPS - Co cited new agreements with Anduril and Sandia National Laboratories, and expanded quantum security and communications offerings

Company press release: ID:nBwc2074Ha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$80.05 mln
$65.37 mln (11 Analysts)
Q2 Loss Per Share
 
$5.08
 
Q2 Net Loss
Miss
$1.87 bln
$107.54 mln (8 Analysts)
Q2 Operating Income
 
-$337.24 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the computer hardware peer group is "buy"
Wall Street's median 12-month price target for IonQ, Inc. is $69.86, about 67.4% above its August 4 closing price of $41.72

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)