IonQ climbs 3% on earnings beat and raised guidance

Investing.com -- IONQ Inc (NYSE:IONQ) reported third-quarter results that exceeded analyst expectations and raised its full-year revenue guidance, sending shares up 3% in after-hours trading Thursday.

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The quantum computing company posted adjusted earnings per share of -$0.29, beating the analyst consensus of -$0.31. Revenue reached $173.8 million, surpassing the estimate of $141.71 million and marking a 336% increase YoY. This represented the company's sixth consecutive record quarter.

IonQ raised its full-year 2026 revenue guidance to $505 million to $515 million, with a midpoint of $510 million well above the analyst consensus of $455.11 million. The company expects 110% YoY growth in quantum computing revenue for the full year.

Revenue was driven by two segments: the IonQ Platform segment generated $90.3 million, up 127%, primarily from global deployments of Tempo quantum computers. The SkyWater Foundry Services segment contributed $83.5 million, with non-IonQ quantum customer revenue up more than 30% YoY.

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"I am pleased to report that IonQ delivered its sixth consecutive quarter of record results and the strongest quarter in our company's history," said Niccolo de Masi, Chairman and CEO. "Third quarter revenue of $173.8 million reflects increasing demand for our quantum technologies and the benefits of our vertically integrated quantum manufacturing capabilities through SkyWater."

The company reported GAAP EPS of $1.42 for the quarter, reflecting non-cash mark-to-market impacts of warrants. Adjusted EBITDA loss was $133.6 million.

IonQ announced it is the only trapped-ion company to advance to Stage C of DARPA's Quantum Benchmarking Initiative, with a potential program value of up to $300 million. The company also disclosed that NVIDIA will deploy a Superion 256 system as the first on-premise quantum computer at its Accelerated Quantum Research Center.

The company's cash position stood at $1.7 billion as of September 30, 2026, and $3.7 billion pro-forma following a $2.0 billion equity offering that closed October 16, 2026.

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