IONQ IonQ (IONQ) Q1 FY26 earnings call
IonQ delivered a record-breaking Q1 FY26, driven by strong commercial and international demand for its quantum platform. The company presold its first 256-qubit system and advanced its roadmap, while also raising full-year revenue guidance. Significant R&D investment continues to accelerate technical leadership and expand its merchant supplier capabilities, positioning it for future growth and market leadership.
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IONQ operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Remaining performance obligation (RPO) | $370MAs a demonstration of this focus in our 2025 10-K being filed today, we disclosed that our remaining performance obligations or RPO, which provides 1 metric to gauge visibility over several quarters, stood at $370 million at the end of 2025 compared to just $77 million at the end of 2024, which is almost a fivefold increase.Source: earnings call transcript | $470MAs of March 31, 2026, our reported performance -- the remaining performance obligations or RPOs stood at $470 million compared to approximately $72 million a year ago.Source: earnings call transcript | $485MWe ended Q2 with $485 million in reported RPOs, up from $470 million in Q1 and up from $122 million 1 year ago.Source: earnings call transcript | +3.2% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.