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IonQ IONQ Q2 2026 earnings

Reported August 5, 2026 · After market close

Revenue$80.1MBeat by $13.6M
EPS-$0.33Miss by $0.04
Revenue estimate$66.4M
EPS estimate-$0.29
“Our second quarter 2026 revenue grew 287% year-on-year, driven by global deployments of our IonQ Tempo quantum computers, strong cloud utilization, and broad-based commercial momentum across our quantum platform. Our revenue base is broadening in ways that reinforce its durability, with approximately 50% international, 60% commercial, and 25% multi-product revenue for the quarter. We are pleased to raise our revenue guidance to a new record level of $290 million at the high end and continue to be confident in delivering organic growth of 100% year-on-year for the full year 2026.”
Inder Singh

Next report

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

Financials

Q2 2026

Income statement

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Revenue$80.1M+287%
Gross profit$19.9M+61.2%
Operating income-$337.2M-110%
Net income-$1.9B-956%
EPS (diluted)-$5.08-626%

Balance sheet

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Cash & equivalents$1.2B+766%
Total debt$54.5M+183%
Total equity$3.3B+186%
Total assets$6.8B+403%

Cash flow

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Operating cash flow-$103.8M-97.4%
CapEx$10.2M+756%
Free cash flow-$114.0M-112%

Valuation & ratios

Valuation

as of 08/27/26
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Market cap$16.22B+31.9%
Enterprise value$15.03B+23.5%
P/S65.8×-169×

Profitability

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Gross margin29.3%-24.5pp
Operating margin-408.2%-120pp
FCF margin-196.3%-49.5pp

Returns & leverage

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Debt / equity0×0.0×
Current ratio10.7×+2.9×

Segments

By product

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Quantum Hardware$46.5M—
Platform Consulting And Support Services$33.6M+407%

FAQ

When did IonQ report Q2 2026 earnings?
IonQ (IONQ) reported Q2 2026 earnings on August 5, 2026 after market close.
What were IonQ's Q2 2026 revenue and EPS?
IonQ reported revenue of $80.1M and eps of $-0.33 for Q2 2026.
Did IonQ beat estimates in Q2 2026?
Revenue beat the consensus estimate of $66.4M by $13.6M. EPS missed the consensus estimate of $-0.29 by $0.04.
How did IonQ's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 286.8% from $20.7M a year earlier and eps grew 52.9% from $-0.70.
Where can I find IonQ's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-335040) and the 10-Q periodic report (0001193125-26-341001) directly on SEC EDGAR. The filing index links above go to sec.gov.