IonQ Q3 revenue jumps 336%, raises FY outlook on Tempo quantum computer demand
IONQ•IonQ reported third-quarter revenue of $173.83 million, up 336% year over year and above the $141.92 million consensus estimate. It raised its 2026 revenue outlook to $505 million-$515 million as backlog reached $1.2 billion.
1. Revenue and outlook
IonQ said third-quarter revenue rose 336% year over year to $173.83 million, beating analyst expectations of $141.92 million. The company raised its 2026 revenue guidance to $505 million-$515 million and said it expects quantum computing revenue to grow 110% year over year.
2. Growth drivers
IonQ said global deployments of its Tempo quantum computers drove a 127% increase in platform segment revenue. Results also included contributions from SkyWater foundry services, where revenue from non-IonQ quantum customers rose more than 30% year over year. The company cited new multi-million-dollar contracts and follow-on funding, including with SDT, DARPA, Florida International University and the Air Force Research Laboratory.
3. Other results
IonQ reported third-quarter net income of $563.11 million and operating income of negative $433.08 million. Its backlog grew to $1.2 billion.
