Jun 2026 (Q2 FY26) — Aug 5, 2026
IonQ Q2 FY26 — Record Revenue and SkyWater Acquisition Close
Read the full callIonQ (IONQ) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
IonQ earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 80.1 | +286.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -421.3 | +354.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -1,868 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Guidance
What management said, and what became of it
17 of 17 judged targets kept · 9 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Quarterly revenue guidance - Q2 FY26 | $65 million to $68 million | Mar 2026 | delivering $80.1 million in GAAP revenue, which is 287% growth year-on-year. Not only was it our strongest quarter ever, it also exceeded our own expectations by 20%. | Achieved |
| Full-year revenue guidance - FY26 | $225 million to $245 million | Dec 2025 | we are raising our full year guidance for IonQ to a range of $280 million to $290 million in revenue. | Revised Up |
| 256-qubit system commercial delivery | 256-qubit system delivered / commissioning begins | Dec 2025 | We expect to be commissioning systems and deploying systems and getting the manufacturing lines spooled up in the first half of next year. And that remains all on track. | On Track |
9 of IonQ, Inc.'s 26 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 23 more targets are in the full ledger.
Claimed
- Achieved record Q2 revenue of $80.1 million, representing 287% year-on-year growth.
- Reported 132% year-over-year organic revenue growth in Q2 FY26, exceeding full-year expectations.
- Ended Q2 with $485 million in Remaining Performance Obligations (RPOs), up from $122 million a year ago.
- Received first fully featured, fully integrated 256-qubit QPUs from SkyWater, now undergoing testing.
- Demonstrated breakeven quantum error correction using qLDPC codes on a Tempo engineering test system.
Qualified
- Reported a GAAP net loss of negative $1.9 billion for Q2, primarily due to a $1.6 billion noncash impact from warrant valuation.
- Adjusted EBITDA was negative $120.3 million for Q2, reflecting $20 million in additional SkyWater spending and $10 million in pre-integration costs.
Price
$34.35 +9.33% · +$2.93
Performance −55.7% 1Y
1Y: $77.55 on 14 Oct 2025 → $34.35. High $77.55 (14 Oct 2025), low $26.59 (30 Mar 2026).
- Previous close
- $31.42
- 52-week range
- $26.59 – $77.55
- One year
- −52.56%
Overview
- Symbol
- IONQ
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
17 of 17 judged targets kept · 9 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Quarterly revenue guidance - Q2 FY26 | $65 million to $68 million | Mar 2026 | delivering $80.1 million in GAAP revenue, which is 287% growth year-on-year. Not only was it our strongest quarter ever, it also exceeded our own expectations by 20%. | Achieved |
| Full-year revenue guidance - FY26 | $225 million to $245 million | Dec 2025 | we are raising our full year guidance for IonQ to a range of $280 million to $290 million in revenue. | Revised Up |
| 256-qubit system commercial delivery | 256-qubit system delivered / commissioning begins | Dec 2025 | We expect to be commissioning systems and deploying systems and getting the manufacturing lines spooled up in the first half of next year. And that remains all on track. | On Track |
Claimed
- Achieved record Q2 revenue of $80.1 million, representing 287% year-on-year growth.
- Reported 132% year-over-year organic revenue growth in Q2 FY26, exceeding full-year expectations.
- Ended Q2 with $485 million in Remaining Performance Obligations (RPOs), up from $122 million a year ago.
- Received first fully featured, fully integrated 256-qubit QPUs from SkyWater, now undergoing testing.
- Demonstrated breakeven quantum error correction using qLDPC codes on a Tempo engineering test system.
Qualified
- Reported a GAAP net loss of negative $1.9 billion for Q2, primarily due to a $1.6 billion noncash impact from warrant valuation.
- Adjusted EBITDA was negative $120.3 million for Q2, reflecting $20 million in additional SkyWater spending and $10 million in pre-integration costs.
The full ledger
Open IonQ, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 26 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 6, 2026
IonQ Q1 FY26 — Record Revenue and Accelerated Quantum Roadmap
Read the full callDec 2025 (Q4 FY25) — Feb 25, 2026
IonQ Q4 FY25 — Record Revenue and Strategic Expansion to Full-Stack Quantum Platform
Read the full callEvery analysed call
IonQ earnings calls (IONQ)
Financials
What the filings say
Net profit, year on year: −956% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 12 | 12 | 8 | 21 | 40 | 62 | 65 | 80 |
| Operating profit | -53 | -78 | -76 | -161 | -169 | -229 | -272 | -337 |
| Operating margin | −428.5% | −661.9% | −1000.3% | −776.0% | −423.4% | −369.4% | −419.9% | −421.3% |
| Profit before tax | -52 | -202 | -32 | -193 | -1,060 | 728 | 798 | -1,875 |
| Tax rate | −0.0% | −0.0% | −0.0% | 7.9% | 0.4% | −3.4% | −0.8% | 0.3% |
| Net profit | -52 | -202 | -32 | -177 | -1,055 | 754 | 805 | -1,868 |
| EPS ($ per share) | -0.24 | — | -0.14 | -0.70 | -3.58 | — | 2.19 | -5.08 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -40 | -146 | -194 | -352 | -684 | -1,194 |
| Total liabilities | 7 | 51 | 30 | 69 | 125 | 2,757 |
| Fixed assets | 12 | 19 | 26 | 38 | 53 | 120 |
| Investments | 0 | 123 | 311 | 320 | 286 | 1,361 |
| Total assets | 60 | 642 | 598 | 554 | 508 | 6,570 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Cash from operations | -12 | -27 | -45 | -79 | -106 | -283 |
| Cash from investing | -12 | -214 | -309 | 69 | 83 | -2,095 |
| Cash from financing | 0 | 603 | 1 | 2 | 42 | 3,359 |
| Net cash flow | -23 | 363 | -353 | -8 | 19 | 981 |
| Capital expenditure | -10 | -8 | -9 | -14 | -18 | -16 |
| Free cash flow | -22 | -34 | -54 | -93 | -124 | -300 |
IONQ revenue by segment
Platform Consulting and Support Services shrank from 52% to 42% of revenue over the last two years.
| Segment | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q3 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Quantum Hardware | — | — | — | — | — | — | 55% | 58% | — |
| Platform Consulting and Support Services | 52% | 36% | 49% | 63% | 60% | 46% | 45% | 42% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
IONQ operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | 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.
Revenue by region
Q2 FY2026 · share of revenue
- US 48%
- KR 22%
- Non Us 19% ↑ 15 pt
- CH 11%
As IONQ cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
49 filings between Nov 10, 2025 and Sep 11, 2026.
Open market
decisions to buy or sellPurchases
$224.8K
2 purchases by 1 insider
Sales
$7.21M
12 sales by 5 insiders
92% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 13
- Award — granted as compensation
- 5
- Option exercise — converted options into shares
- 17
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Alameddine Rima | — | $4.69M | Nov 20, 2025 |
| Chou Kathryn K. | — | $1.45M | Jun 18, 2026 |
| Cardillo Robert T. | — | $504.2K | May 6, 2026 |
| Raymond John w | — | $392.8K | Sep 10, 2026 |
| TEUBER WILLIAM J JR | $224.8K | — | Feb 27, 2026 |
| TOLEDANO GABRIELLE B | — | $170.8K | Jun 18, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 11, 2026 | de Masi Niccolo President and CEO | Tax withheld | 16,121 | $598.0K |
| Sep 11, 2026 | DACIER PAUL T CAO, CLO and Secretary | Tax withheld | 4,457 | $165.3K |
| Sep 11, 2026 | Singh Inder M CFO & COO | Tax withheld | 6,272 | $232.6K |
| Sep 10, 2026 | Raymond John w Director | Sale 10b5-1 plan | 2,407 | $89.6K |
| Aug 24, 2026 | Ball Eric R. Director | Award | 5,540 | $0 |
| Aug 24, 2026 | Baxter Timothy E Director | Award | 5,540 | $0 |
| Jun 18, 2026 | Chou Kathryn K. Director | Sale 10b5-1 plan | 2,757 | $151.7K |
| Jun 18, 2026 | TOLEDANO GABRIELLE B Director | Sale 10b5-1 plan | 2,757 | $151.7K |
| Jun 18, 2026 | Raymond John w Director | Sale 10b5-1 plan | 3,815 | $209.9K |
| Jun 17, 2026 | TOLEDANO GABRIELLE B Director | Award 10b5-1 plan | 4,526 | $0 |
| Jun 17, 2026 | Chou Kathryn K. Director | Award 10b5-1 plan | 4,526 | $0 |
| Jun 17, 2026 | FRANKOLA JIM Director | Award | 4,526 | $0 |
| Jun 17, 2026 | Scannell William F Director | Award | 4,526 | $0 |
| Jun 17, 2026 | TEUBER WILLIAM J JR Director | Award | 4,526 | $0 |
| Jun 16, 2026 | Singh Inder M CFO & COO | Tax withheld | 2,617 | $156.4K |
| Jun 11, 2026 | Cardillo Robert T. Director | Tax withheld | 904 | $50.8K |
| Jun 11, 2026 | de Masi Niccolo President and CEO | Tax withheld | 16,120 | $906.0K |
| Jun 11, 2026 | Singh Inder M CFO & COO | Tax withheld | 6,272 | $352.5K |
| Jun 11, 2026 | DACIER PAUL T CAO, CLO and Secretary | Tax withheld | 4,110 | $231.0K |
| May 6, 2026 | Cardillo Robert T. Director | Option exercise 10b5-1 plan | 3,773 | $42.4K |
| May 6, 2026 | Cardillo Robert T. Director | Sale 10b5-1 plan | 3,773 | $188.3K |
| Apr 16, 2026 | Cardillo Robert T. Director | Sale 10b5-1 plan | 2,500 | $112.3K |
| Apr 16, 2026 | Cardillo Robert T. Director | Option exercise 10b5-1 plan | 2,500 | $28.1K |
| Mar 12, 2026 | Raymond John w Director | Sale | 2,800 | $93.4K |
| Mar 11, 2026 | Singh Inder M CFO & COO | Tax withheld | 8,134 | $283.1K |
| Mar 11, 2026 | DACIER PAUL T CAO, CLO and Secretary | Tax withheld | 6,181 | $215.1K |
| Mar 11, 2026 | de Masi Niccolo President and CEO | Tax withheld | 20,785 | $723.4K |
| Mar 11, 2026 | Cardillo Robert T. Director | Tax withheld | 904 | $31.5K |
| Mar 2, 2026 | Cardillo Robert T. Director | Award | 31,651 | $0 |
| Feb 27, 2026 | Cardillo Robert T. Director | Tax withheld 10b5-1 plan | 3,071 | $120.4K |
| Feb 27, 2026 | TEUBER WILLIAM J JR Director | Purchase | 3,000 | $115.2K |
| Feb 26, 2026 | Cardillo Robert T. Director | Sale 10b5-1 plan | 5,165 | $203.7K |
| Feb 26, 2026 | Cardillo Robert T. Director | Option exercise 10b5-1 plan | 2,500 | $28.1K |
| Feb 24, 2026 | TOLEDANO GABRIELLE B Director | Sale 10b5-1 plan | 616 | $19.1K |
| Feb 20, 2026 | Singh Inder M CFO & COO | Award | 3,708 | $0 |
| Feb 20, 2026 | de Masi Niccolo President and CEO | Award | 11,556 | $0 |
| Feb 20, 2026 | DACIER PAUL T CAO, CLO and Secretary | Award | 4,427 | $0 |
| Dec 22, 2025 | Chou Kathryn K. Director | Sale 10b5-1 plan | 5,000 | $275.0K |
| Dec 22, 2025 | Chou Kathryn K. Director | Option exercise 10b5-1 plan | 5,000 | $23.1K |
| Dec 11, 2025 | Millard Scott Francis Chief Business Officer | Tax withheld | 19,586 | $988.8K |
| Dec 11, 2025 | DACIER PAUL T CAO, CLO and Secretary | Tax withheld | 4,132 | $208.6K |
| Dec 11, 2025 | de Masi Niccolo President and CEO | Tax withheld | 16,290 | $822.4K |
| Dec 11, 2025 | Singh Inder M CFO & COO | Tax withheld | 12,553 | $633.8K |
| Dec 11, 2025 | Chou Kathryn K. Director | Option exercise 10b5-1 plan | 20,000 | $92.2K |
| Dec 11, 2025 | Chou Kathryn K. Director | Sale 10b5-1 plan | 20,000 | $1.03M |
| Nov 20, 2025 | Alameddine Rima Chief Revenue Officer | Sale 10b5-1 plan | 100,000 | $4.69M |
| Nov 17, 2025 | Raymond John w Director | Award | 83,700 | $0 |
| Nov 11, 2025 | TEUBER WILLIAM J JR Director | Purchase | 2,000 | $109.6K |
| Nov 10, 2025 | Singh Inder M CFO & COO | Award | 274,947 | $0 |
| Oct 6, 2025 | Acosta Dean P. CCA & GRO | Award | 75,959 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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