COLLEGE PARK, Md. August 5, 2026 -- IonQ , the world’s leading full-stack quantum platform and foundry, today announced financial results for the quarter ending June 30, 2026.

“I am pleased to report that IonQ delivered its fifth consecutive quarter of record results and the strongest quarter in our company's history,” said Niccolo de Masi, Chairman and CEO. “Second quarter revenue of $80.1 million again exceeded our guidance, reflecting continued customer demand across our expanding quantum platform.”

de Masi continued, “The successful close of our SkyWater and Nexus acquisitions extends IonQ’s full-stack quantum platform and merchant supplier leadership to the U.S. and allied ecosystem. We have also made powerful strides towards demonstrating our 256-qubit quantum computer and publishing results for our quantum error correction technology on our hardware. We enter the second half of the year confident in IonQ’s ability to execute our quantum platform roadmap, translate our technology leadership into durable commercial growth, and create long-term value for shareholders.”

“We also welcome the recent White House quantum executive orders which reinforce the strategic importance of quantum technologies for both the U.S. economy and national security. These executive orders send a strong signal that quantum sensing, quantum networking, quantum cybersecurity and quantum computing leadership are all now national priorities for the United States. We are more confident than ever that IonQ, with our unique quantum platform, is well positioned to support that effort.”

Second Quarter and Recent Commercial Highlights

●  Signed Memorandum of Understanding with Anduril to Advance Quantum Technologies for Defense and National Security Applications and Develop Joint Proposals for Mission Critical Government and Commercial Bids

●  Signed Memorandum of Understanding with Sandia National Laboratories to Accelerate Quantum Co-Design for National Security Applications

●  Announced the Tennessee Quantum Communications Research Center in Collaboration with EPB, Housing the World’s First Commercial Quantum Memory Unit Installed in a Live Fiber Optic Network

●  Expanded Foundational Integrated Photonics Capabilities Through Acquisition of Nexus Photonics to Advance Miniaturization and Mass Manufacturing for Quantum Systems

●  Introduced New Addition to IonQ’s Quantum Security Product Portfolio, ClavisXG Multiplex, Enabling High-Performance, Physics-Based Key Distribution on Existing Network Infrastructure

●  Launched Commercial Interferometric Synthetic Aperture Radar (InSAR) Capability Through Space-Missions Line, Enabling Millimeter-Scale Earth Monitoring

●  Expanded the Number of On-Orbit Optical Communications Terminals to a Record High of 84, Supporting a U.S. Government Initiative

“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,” said Inder Singh, COO and CFO. “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.”

Second Quarter Financial Highlights

● Recognized revenue of $80.1 million for the second quarter, which is 20% above the midpoint of the previously provided range and represents 287% year-on-year growth

●  Cash, cash equivalents, and investments were $3.0 billion as of June 30, 2026. Pro-forma for the SkyWater acquisition (i.e., after subtracting from this number the cash consumed in consummating the acquisition), cash, cash equivalents and investments are $2.0 billion

●  Net loss was ($1,867.7) million and GAAP EPS was ($5.08) for the second quarter

● Adjusted EBITDA loss was ($120.3) million and Adjusted EPS was ($0.33) for the second quarter. Adjusted EBITDA includes the costs of our commercial relationship with SkyWater during the second quarter. Excluding the SkyWater spend, Adjusted EBITDA loss would have been ($95.6) million *

*Adjusted EBITDA and Adjusted EPS are non-GAAP financial measures defined under “Non-GAAP Financial Measures,” below, and are reconciled to net loss and GAAP EPS, the closest comparable GAAP measures, respectively, at the end of this release.

2026 Financial Outlook

● For the full year 2026, IonQ is raising its revenue expectations to between $280 million and $290 million. For the full year, IonQ continues to expect strong organic growth of 100% year-on-year

● This financial outlook does not reflect any contribution from the SkyWater acquisition

Second Quarter 2026 Conference Call

IonQ will host a conference call at 4:30 PM Eastern time today to discuss its results for the second quarter ended June 30, 2026 and to provide a business update. The call will be accessible by telephone at 1-855-669-9658 (domestic) or +1-412-317-0088 (international) with access code 9031135. The call will also be available live via webcast on the Company’s website here, or directly here. A replay of the conference call will be available approximately three hours after its conclusion at 1-855-669-9658 (domestic) or +1-412-317-0088 (international) with access code 9031135 and will be available until 11:59 PM Eastern time, August 19, 2026. An archive of the webcast will also be available here shortly after the call and will remain available for one year.

 Upcoming Q3 2026 Conference Participation

● Needham 2026 Semiconductor & SemiCap Conference taking place virtually on Wednesday, August 19, 2026

●  Quantum World Congress 2026 taking place September 23-25, 2026 in College Park

Non-GAAP Financial Measures

To supplement IonQ’s condensed consolidated financial statements presented in accordance with GAAP, IonQ uses non-GAAP measures of certain components of financial performance. Adjusted EBITDA and Adjusted EPS are financial measures that are not required by or presented in accordance with GAAP. Management believes that these measures provide investors additional meaningful methods to evaluate certain aspects of the Company’s results period over period.

Adjusted EBITDA is defined as net income (loss) attributable to IonQ, Inc. before net income (loss) attributable to noncontrolling interests, interest income, interest expense, income tax (benefit) expense, depreciation and amortization, stock-based compensation, executive cash-based severance, changes in fair value from recurring fair value measurements (such as warrant liabilities, contingent consideration, and investments), offering costs associated with warrants, acquisition transaction and integration costs, and non-cash legal settlements and related costs. Adjusted EPS is defined as net income (loss) per share, or EPS, excluding the impact of stock-based compensation, executive cash-based severance, changes in fair value from recurring fair value measurements (such as of warrant liabilities, contingent consideration, and investments), offering costs associated with warrants, acquisition transaction and integration costs, and non-cash legal settlements and related costs. IonQ uses Adjusted EBITDA and Adjusted EPS to measure the operating performance of its business, excluding specifically identified items that it does not believe directly reflect its core operations and that may not be indicative of recurring operations.

The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for the financial results prepared in accordance with GAAP, and IonQ’s non-GAAP measures may be different from non-GAAP measures used by other companies. IonQ shows a reconciliation of its non-GAAP measures to the most directly comparable GAAP measures at the end of this release.

Commercial and Organic Revenue

Commercial revenue includes all enterprise agreements with non-U.S. government customers, and agreements with leading universities. Organic revenue is a supplemental measure representing revenue derived from IonQ’s quantum computing products, and any acquisitions prior to December 31, 2024.

Remaining Performance Obligations

Remaining performance obligations (RPOs) represent the total transaction price from signed contracts that has been allocated to performance obligations that are unsatisfied (or partially unsatisfied) as of the end of the reporting period. This includes both funded (firm orders for which funding has been authorized and appropriated) and unfunded (firm orders for which funding has not yet been appropriated) portions of the contract. Unexercised contract options are not included in remaining performance obligations until the time the option is exercised.