Record Q3 Revenue of $173.8M, FY26 Guidance Raised to $505-515M, Backlog Hits $1.2B
IONQ is trading near its 52-week low of $24.915 (6.3% above the low).
Summary
IonQ posted third-quarter revenue of $173.8 million, up 336% year-on-year, and raised full-year 2026 revenue guidance to $505-515 million. Remaining performance obligations more than doubled to $1.2 billion even as the company converted backlog into revenue, and management said quantum computing made up roughly two-thirds of new contract dollars signed in the quarter. GAAP net income of $564.0 million and EPS of $1.42 are almost entirely a non-cash warrant mark-to-market gain; the operating picture is an adjusted EBITDA loss of $133.6 million and adjusted EPS of ($0.29). Cash stood at $1.7 billion on September 30, rising to $3.7 billion pro forma for the $2.0 billion equity offering that closed October 16, which funds the SkyWater integration and the Elisity acquisition. This is the first full quarter including SkyWater and follows the September 8 combined guidance of roughly $450 million-plus; the raise to over half a billion dollars is the key change. The 4:30 PM ET call today will carry the detail on margins and the Elisity integration.
At the time of this announcement, IONQ was trading at $26.49 on NYSE in the Technology sector, with a market capitalization of approximately $11.3B. The 52-week trading range was $24.92 to $73.65. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.