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IonQ reported Q1 2026 GAAP revenue of $64.7 million, up 755% year-over-year, beating guidance midpoint by 30%. The company posted GAAP net income of $805.4 million and diluted EPS of $2.07, driven largely by a $1.058 billion gain on warrant fair-value changes. Operationally, adjusted EBITDA loss was ($96.8) million (or ($85.0) million excluding SkyWater R&D spending). Commercial revenue represented 60% of total, with 35% from international and 35% from multi-product customers. Key highlights included sale of the company's first 256-qubit sixth-generation system to Cambridge, DARPA HARQ program selection, and expansion of quantum networking deployments. Remaining performance obligations surged 554% year-over-year to $470 million. IonQ raised full-year 2026 revenue guidance to $260–$270 million and expects 100%+ organic growth. Q2 2026 guidance: $65–$68 million revenue.
Full-year 2026 revenue $260–$270M; Q2 2026 revenue $65–$68M; expect 100%+ organic YoY growth
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IonQ's flagship commercial trapped-ion quantum computer with #AQ 36 performance, now globally available via Amazon Braket and IonQ Quantum Cloud. Delivers industry-leading two-qubit gate fidelities using individually addressed laser pulses on ytterbium ions held in a linear trap. Targeted at enterprise customers in pharma, finance, and government needing reproducible, low-noise quantum circuits at production scale. Forms the basis for IonQ's data center deployments with the U.S. Air Force and commercial partners.
25-algorithmic-qubit (#AQ 25) trapped-ion quantum computer offering higher qubit count and best-in-class gate fidelities for exploring larger and more complex quantum algorithms. Available via AWS, Azure, and Google Cloud. Widely used in academic and commercial research for variational quantum eigensolver, quantum machine learning, and optimization workloads. Provided the hardware foundation for IonQ's published demonstrations with partners Hyundai, Airbus, and Goldman Sachs.
Next-generation trapped-ion system on which IonQ achieved a record #AQ 64 algorithmic qubit score in 2025, three months ahead of the company's published roadmap. Represents IonQ's path toward the 1,024-qubit target by 2028. Currently in limited access, it establishes the hardware baseline for IonQ's enterprise and government quantum computing contracts under the expanded AFRL and commercial partnerships announced in 2025.