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IonQ IONQ Q1 2026 earnings

Reported May 6, 2026 · After market close

Revenue$64.7MBeat by $14.9M
EPS-$0.38Miss by $0.12
Revenue estimate$49.8M
EPS estimate-$0.26

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$71.7M
EPS estimate-$0.75

Financials

Q1 2026

Income statement

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Revenue$64.7M+755%
Gross profit$15.4M+374%
Operating income-$271.5M-259%
Net income$805.4M+2,597%
EPS (diluted)$2.07+1,579%

Balance sheet

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Cash & equivalents$501.4M+209%
Total debt$30.4M+75.4%
Total equity$5.0B+550%
Total assets$6.7B+687%

Cash flow

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Operating cash flow-$151.0M-357%
CapEx$8.4M+263%
Free cash flow-$159.4M-351%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$10.57B+100%
Enterprise value$10.1B+97.0%
P/S56.5×-66.0×

Profitability

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Gross margin34.6%-15.5pp
Operating margin-443.3%-89.3pp
FCF margin-226.4%-49.5pp

Returns & leverage

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Debt / equity0×0.0×
Current ratio14.1×+0.9×

Segments

By product

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Quantum Hardware$35.7M—
Platform Consulting And Support Services$29.0M+543%

FAQ

When did IonQ report Q1 2026 earnings?
IonQ (IONQ) reported Q1 2026 earnings on May 6, 2026 after market close.
What were IonQ's Q1 2026 revenue and EPS?
IonQ reported revenue of $64.7M and eps of $-0.38 for Q1 2026.
Did IonQ beat estimates in Q1 2026?
Revenue beat the consensus estimate of $49.8M by $14.9M. EPS missed the consensus estimate of $-0.26 by $0.12.
How did IonQ's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 754.7% from $7.6M a year earlier and eps declined 171.4% from $-0.14.
Where can I find IonQ's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-208923) and the 10-Q periodic report (0001193125-26-211876) directly on SEC EDGAR. The filing index links above go to sec.gov.