IonQ Q3 Revenue, GAAP EPS and Adjusted EPS All Exceed Consensus Estimates

Revenue, GAAP EPS and Adjusted EPS All Exceed Consensus Estimates*

• Reported GAAP Revenue of $173.8 Million, Up 336% Year-over-Year, Marking the Sixth Consecutive Record Quarter
• Raises Full Year Revenue Guidance to $505 to $515 Million and Expects 110% Year-Over-Year Growth in Quantum Computing
• IonQ Platform Segment Revenue Up 127% to $90.3 Million on Global Tempo Quantum Computer Deployments
• SkyWater Foundry Services Segment Revenue of $83.5 Million; Non-IonQ Quantum Customer Revenue Up More than 30% Year-over-Year as SkyWater Quantum Solutions is Launched
• Only Trapped Ion Company Advanced to Stage C of the Defense Advanced Research Projects Agency’s Quantum Benchmarking Initiative, with a Potential Program Value of as much as $300 Million
• Superion 256 System Will Be the First On-Premise Quantum Computer at NVIDIA’s Accelerated Quantum Research Center
• Extends Quantum Security Platform by Acquiring Elisity to Identify Vulnerabilities, Enforce Zero Trust and Provide Cryptographic Agility for Customers as they Prepare for the Quantum Era
• Remains Best-Capitalized Pure-Play Quantum Company with $3.7 Billion in Cash, Cash Equivalents and Investments as of September 30, 2026 Pro-Forma for October 16, 2026 Equity Offering

*Adjusted EPS is a non-GAAP monetary measure outlined beneath “Non-GAAP Financial Measures,” under, and is reconciled to GAAP EPS, the closest comparable GAAP measure on the finish of this launch. 

COLLEGE PARK, Md. – November 5, 2026 – IonQ (NYSE: IONQ), the world’s main full-stack quantum platform and foundry, right this moment introduced monetary outcomes for the quarter ended September 30, 2026.

“I am pleased to report that IonQ delivered its sixth consecutive quarter of record results and the strongest quarter in our company’s history,” mentioned 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.”

de Masi continued, “Recent developments have provided meaningful validation of our technology and commercial strategy. We are deeply proud that IonQ is the only trapped-ion company to advance to DARPA Stage C. This final stage of DARPA’s Quantum Benchmarking Initiative includes a potential program value of up to $300 million. In addition, NVIDIA will deploy a Superion 256 system as the first on-premise quantum computer at its Accelerated Quantum Research Center – connected directly to its AI supercomputing infrastructure. Both decisions underscore IonQ’s relentless focus on leading the industry with deployable quantum computers – built for data centers and designed to work with classical computing.”

de Masi concluded, “IonQ is building the quantum ecosystem as the first vertically integrated quantum technology company that spans computing, networking, sensing, and security. At SkyWater, we were pleased to welcome Qolab, founded by Nobel Prize winner John Martinis, as a new quantum customer. We also extended our multi-year collaboration with D-Wave and launched our OnRamp Foundry Initiative to accelerate quantum startups from laboratory prototype to commercial manufacturing.”

“One of our customers’ most urgent needs today is cybersecurity that protects them now and keeps them protected as post-quantum standards evolve. Our acquisition of Elisity extends our strategy to meet that need, adding Zero Trust technology that is both a perfect complement and accelerant to our PQC and QKD solutions. We are focused on integrating and leveraging IonQ’s differentiated solutions to drive durable growth and long-term profitability.”

Third Quarter and Recent Commercial Highlights
IonQ Platform

• $33 Million Multi-Product Contract with SDT to Deploy Superion 256 Quantum Computer and Quantum Memory Platform
• $28 Million Contract by way of the DARPA It’s About Time Program to Deliver 25 Optical Atomic Clocks for Mission-Critical Applications, with $30 Million Option for 100 Additional Production Units
• $25 Million Contract with Florida International University to Deploy Superion 256 Quantum Computer
• $8.2 Million Contract with Congruity360 to Deploy IonQ’s PQC and QKD Solutions, Protecting Sensitive Enterprise Data for Clients throughout the U.S. 
• Awarded $7.5 Million Follow-On Funding from the Air Force Research Laboratory to Advance Full-Stack Quantum Networking
• Signed Memorandum of Understanding with Northrop Grumman to Collaborate on Supply Chain Optimization, Materials Science, Quantum Computing, Networking and Chemistry
• Signed Strategic Partnership with Carahsoft to Help Federal Agencies and Their Industry Partners Advance Quantum Adoption

SkyWater Foundry Services

• Extended Quantum Manufacturing Collaboration with D-Wave Through Multi-Year Agreement to Support Its Dual-Platform Superconducting Roadmap
• Won Multi-Year Commercial Foundry Contract with New Quantum Customer Qolab for SkyWater’s Newly Launched SC250 Superconducting Platform
• Launched Industry’s First Quantum Manufacturing Platforms SC250 and SP90, and OnRamp Initiative to Bring Early-Stage Quantum Hardware Startups into the Foundry

“I am thrilled that we continued our growth trajectory in the third quarter, with revenue up 336% year-on-year. Major drivers included global deployments of our IonQ Tempo quantum computers, deliveries of our quantum sensing and space-based solutions, and closing on our acquisition of SkyWater, which had a very strong quarter of its own,” mentioned Inder Singh, COO and CFO. “Our Remaining Performance Obligations more than doubled to $1.2 billion, even as we converted our backlog into record third quarter revenues. This was an especially strong quarter in quantum computing, which represented approximately two-thirds of new contract dollars signed by our IonQ Platform segment, driven by Superion 256 demand. We are pleased to raise our full-year 2026 revenue guidance to an industry record of more than half a billion dollars.”

Singh continued, “IonQ’s strong balance sheet, including $3.7 billion in cash and equivalents pro forma with our recent equity offering, gives us incredible financial firepower to continue investing in our technology, manufacturing infrastructure, and commercial capabilities as we scale the business and capitalize on the growing demand for quantum solutions.”

Third Quarter Financial Highlights

• Recognized income of $173.8 million for the third quarter, which represents 336% year-on-year progress
• Cash, money equivalents, and investments have been $1.7 billion as of September 30, 2026 and $3.7 billion pro-forma for the $2.0 billion fairness providing that closed on October 16, 2026
• Net earnings attributable to IonQ was $564.0 million and GAAP EPS was $1.42 for the third quarter, reflecting the non-cash mark-to-market affect of warrants 
• Adjusted EBITDA loss was ($133.6) million and Adjusted EPS was ($0.29) for the third quarter *

*Adjusted EBITDA and Adjusted EPS are non-GAAP monetary measures outlined beneath “Non-GAAP Financial Measures,” under, and are reconciled to internet earnings (loss) and GAAP EPS, the closest comparable GAAP measures, respectively, on the finish of this launch. 

2026 Financial Guidance

• For the total yr 2026, IonQ is elevating its income steerage to between $505 million and $515 million. For the total yr, IonQ expects robust progress of 110% year-on-year in its quantum computing income

Third Quarter 2026 Conference Call

IonQ will host a convention name at 4:30 PM Eastern time right this moment to debate its outcomes for the third quarter ended September 30, 2026 and to offer a enterprise replace. The name shall be accessible by phone at 1-888-349-0106 (home) or 1-412-902-0131 (worldwide) with entry code 7647193. The name can even be obtainable stay by way of webcast on the corporate’s web site here, or straight here. A replay of the convention name shall be obtainable roughly three hours after its conclusion at 1-855-669-9658 (home) or 1-412-317-0088 (worldwide) with entry code 7647193 and shall be obtainable till 11:59 PM Eastern Time, November 19, 2026. An archive of the webcast can even be obtainable here shortly after the decision and shall be obtainable for one yr. 

Upcoming This autumn 2026 Conference Participation

• Cantor 2026 Crypto, FinTech, AI & Energy Infrastructure Conference going down on Wednesday, November 11 in Miami
• Reagan National Defense Forum (RNDF) going down on the Ronald Reagan Presidential Library on Dec. 4-5 in Simi Valley, Calif.
• Northland 2026 Growth Conference going down just about on Wednesday, December 16 

Non-GAAP Financial Measures

To complement IonQ’s condensed consolidated monetary statements offered in accordance with GAAP, IonQ makes use of non-GAAP measures of sure parts of monetary efficiency. Adjusted EBITDA and Adjusted EPS are monetary measures that aren’t required by or offered in accordance with GAAP. Management believes that these measures present buyers extra significant strategies to judge sure features of the Company’s outcomes interval over interval.

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Adjusted EBITDA is outlined as internet earnings (loss) attributable to IonQ, Inc. earlier than internet earnings (loss) attributable to noncontrolling pursuits, curiosity earnings, curiosity expense, earnings tax (profit) expense, depreciation and amortization, stock-based compensation, government cash-based severance, adjustments in truthful worth from recurring truthful worth measurements (reminiscent of warrant liabilities, contingent consideration, and investments), providing prices related to warrants, acquisition transaction and integration prices, and non-cash authorized settlements and associated prices. Adjusted EPS is outlined as internet earnings (loss) per share attributable to IonQ, or EPS, excluding the affect of stock-based compensation, government cash-based severance, adjustments in truthful worth from recurring truthful worth measurements (reminiscent of of warrant liabilities, contingent consideration, and investments), providing prices related to warrants, acquisition transaction and integration prices, and non-cash authorized settlements and associated prices. IonQ makes use of Adjusted EBITDA and Adjusted EPS to measure the working efficiency of its enterprise, excluding particularly recognized gadgets that it doesn’t imagine straight mirror its core operations and that will not be indicative of recurring operations.

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The presentation of those non-GAAP monetary measures shouldn’t be meant to be thought-about in isolation or as an alternative to the monetary outcomes ready in accordance with GAAP, and IonQ’s non-GAAP measures could also be completely different from non-GAAP measures utilized by different firms. IonQ reveals a reconciliation of its non-GAAP measures to probably the most straight comparable GAAP measures on the finish of this launch.

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Quantum Computing and Commercial Revenue

Quantum computing income consists of gross sales of our quantum computing methods and {hardware}, associated upkeep, coaching, and help, consulting providers, together with these associated to purposes growth, and income from offering entry to our quantum computer systems by way of quantum-computing-as-a-service (QCaaS). Commercial income consists of all enterprise agreements with non-U.S. authorities clients, together with agreements with main universities.

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Remaining Performance Obligations

Remaining efficiency obligations (RPOs) signify the whole transaction worth from signed contracts that has been allotted to efficiency obligations which might be unhappy (or partially unhappy) as of the top of the reporting interval. This consists of each funded (agency orders for which funding has been approved and appropriated) and unfunded (agency orders for which funding has not but been appropriated) parts of the contract. Unexercised contract choices usually are not included in remaining efficiency obligations till the time the choice is exercised. We have conformed SkyWater’s RPO presentation with the prevailing IonQ coverage. This coverage incorporates all contracts, together with these with anticipated durations of lower than one yr.

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About IonQ

IonQ, Inc. [NYSE: IONQ] is the world’s main full-stack quantum platform and foundry – delivering built-in quantum options throughout computing, networking, sensing, and safety. IonQ’s latest era of quantum computer systems, the Superion, is the most recent in a line of cutting-edge methods. Earlier methods have helped clients and companions together with Amazon Web Services and AstraZeneca obtain 20x efficiency outcomes and speed up innovation in drug discovery, supplies science, monetary modeling, logistics, cybersecurity, and protection. In 2025, the Company achieved 99.99% two-qubit gate constancy, setting a world record in quantum computing performance.

Headquartered in College Park, Maryland, IonQ has operations throughout North America, Latin America, EMEA, and APAC. Our quantum computing providers have been obtainable by way of all main cloud suppliers since 2021, whereas we additionally meet the wants of networking and sensing clients throughout land, sea, air, and house. IonQ is making quantum platforms extra accessible and impactful than ever earlier than. Learn extra at IonQ.com.

Note to Investors Regarding Forward-Looking Statements

This press launch incorporates forward-looking statements. All statements contained on this press launch apart from statements of historic truth are forward-looking statements, together with statements concerning our steerage and market consensus as to future outcomes, our future product deliveries and contract efficiency, our OnRamp Foundry Initiative, future demand for our applied sciences, Elisity’s technological capabilities and management, the rising demand for quantum options and our means to proceed investing in our expertise, manufacturing infrastructure and industrial capabilities and to scale the enterprise. In some instances, you may establish these statements by forward-looking phrases reminiscent of “planned,” “accelerate,” “expect,” “believe,” “outlook,” “project,” “could,” “can,” “may,” “will,” “guidance,” “expectations,” and different related expressions. These statements are solely predictions based mostly on our expectations and projections about future occasions as of the date of this press launch and are topic to numerous dangers, uncertainties and assumptions which will show incorrect, any of which might trigger precise outcomes to vary materially from these expressed or implied by such statements, together with, amongst others, these described beneath the heading “Risk Factors” in our Annual Report on Form 10-Ok for the yr ended December 31, 2025 and in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 filed with the Securities and Exchange Commission. New dangers emerge infrequently, and it’s not attainable for our administration to foretell all dangers, nor can administration assess the affect of all components on our enterprise or the extent to which any issue, or mixture of things, might trigger precise outcomes to vary materially from these contained in any forward-looking assertion we make. Investors are cautioned to not place undue reliance on any such forward-looking statements, which communicate solely as of the date they’re made. Except as in any other case required by legislation, we undertake no obligation to replace any forward-looking assertion, whether or not because of new data, future occasions or in any other case.

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