IonQ (NYSE:IONQ) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

IonQ (NYSE:IONQ) released its quarterly earnings results on Thursday. The company reported ($0.29) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.06, FiscalAI reports. IonQ had a negative net margin of 553.27% and a negative return on equity of 22.29%. The company had revenue of $173.83 million for the quarter, compared to the consensus estimate of $141.49 million. During the same period in the previous year, the firm earned ($3.58) EPS. IonQ’s revenue was up 336.0% on a year-over-year basis.

Here are the key takeaways from IonQ’s conference call:

• IonQ reported record Q3 revenue of $173.8 million, up 336% year over year, including $90.3 million from IonQ Platform and $83.5 million from SkyWater, which contributed two months of results. The company raised its 2026 revenue guidance to $505–$515 million, from $450–$460 million.
• Demand for quantum computers was strong: IonQ said its Superion 256 capacity for 2027 is sold out and that it is beginning to fill orders into 2028. Combined remaining performance obligations reached $1.2 billion, including approximately $290 million in new IonQ Platform contracts signed during the quarter.
• IonQ advanced to Stage C of DARPA’s Quantum Benchmarking Initiative, a program with a potential value of up to $300 million, and announced a Superion deployment at NVIDIA’s research center. Management also said more than 40% of IonQ Platform revenue came from customers buying multiple products.
• Management said the SkyWater acquisition is expanding IonQ’s manufacturing and foundry business: SkyWater’s quantum foundry revenue grew more than 30% year over year excluding IonQ, and the company extended its D-Wave agreement and signed a multi-year agreement with Qolab. Executives expect the expanded capabilities to support scaling and improve margins over time.
• Adjusted EBITDA was a loss of $133.6 million, while GAAP operating expenses were $606.9 million; management attributed some costs to acquisition integration and continued investment. IonQ expects Q4 Adjusted EBITDA to improve from Q3 and cited $3.7 billion in pro forma cash, but described profitability as a longer-term goal.

IonQ Price Performance

Shares of IonQ stock traded up $5.69 during midday trading on Friday, hitting $32.12. 42,656,594 shares of the company were exchanged, compared to its average volume of 22,644,404. IonQ has a 52 week low of $24.92 and a 52 week high of $73.65. The firm has a 50 day simple moving average of $36.91 and a 200-day simple moving average of $41.58.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IONQ. Bank of America reaffirmed a “buy” rating and set a $50.00 target price on shares of IonQ in a research report on Friday. Needham & Company LLC dropped their price target on IonQ from $65.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday. Benchmark restated a “buy” rating and issued a $60.00 price objective on shares of IonQ in a research note on Thursday, August 6th. Rosenblatt Securities reiterated a “buy” rating and set a $100.00 target price on shares of IonQ in a research report on Tuesday, October 13th. Finally, Wedbush reiterated an “outperform” rating and set a $75.00 target price on shares of IonQ in a research report on Tuesday, October 13th. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.23.

Insiders Place Their Bets

In other IonQ news, insider John Raymond sold 2,407 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $37.21, for a total value of $89,564.47. Following the sale, the insider directly owned 77,741 shares in the company, valued at $2,892,742.61. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.55% of the stock is owned by company insiders.

More IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ reported record third-quarter revenue of $173.8 million, up 336% year over year and above analyst expectations. Its loss per share was also narrower than forecast. Why IonQ Stock Is Soaring Today
• Positive Sentiment: The company raised its 2026 revenue guidance to $505 million–$515 million. Its backlog reached $1.2 billion, and Superion 256 capacity is booked through 2027—signs of robust demand and future sales visibility. IonQ: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: IonQ also advanced to Stage C of DARPA’s quantum benchmarking initiative, while its SkyWater acquisition is expected to strengthen manufacturing capabilities. IonQ Q3 2026 Earnings Call Highlights
• Neutral Sentiment: Analysts at Cantor Fitzgerald and Needham lowered their price targets but kept positive ratings, reflecting a more cautious outlook without abandoning the investment case. Cantor Fitzgerald recommendations
• Negative Sentiment: Despite the growth, IonQ remains loss-making. Investors are also weighing cash burn and potential dilution from its planned capital raise and stock-funded $1.15 billion Elisity acquisition, as well as uncertainty over how quickly quantum computing demand will translate into sustainable profits. IonQ Beat and Raised: Can the Quantum Stock Buck the Tech Selloff?
• Negative Sentiment: Zacks added IONQ to its Strong Sell list, a counterpoint to the earnings optimism and a potential source of investor caution. New Strong Sell Stocks for November 6th

IonQ Company Profile

IonQ, Inc (NYSE: IONQ) is a quantum computing company that develops full-stack quantum computing systems and related software. Its technology is based on trapped-ion quantum computing, which uses electrically charged atoms as qubits and is designed to support highly accurate quantum operations.

The company provides access to its quantum computers through cloud platforms and direct enterprise and research engagements. Its offerings include quantum computing hardware, cloud-based access, software tools, and professional services intended to help organizations explore applications in areas such as optimization, chemistry, materials science, artificial intelligence, and cybersecurity.