In Q1 FY2026 (ended March 31, 2026), IonQ reported revenue of $64.7 million, up 754.7% year-over-year. Net income was $805.4 million, compared to a loss in the prior year, driven by a significant gain. Operating income was a loss of $271.5 million, and diluted EPS was $2.07. The company held $493.5 million in cash and $4.98 billion in equity, with no long-term debt.
•Revenue surged 754.7% YoY to $64.7 million.
•Net income of $805.4 million, up 2597.1% YoY.
•Operating loss of $271.5 million, widened 258.8% YoY.
•Diluted EPS of $2.07, up 1578.6% YoY.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
IonQ develops quantum computing systems globally. It sells access to quantum computers of various qubit capacities. It also makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS), Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace Through its cloud service. The company engages in quantum-safe communications and quantum detection systems.
It provides contracts associated with the design, development, construction, and sale of specialized quantum computing hardware systems. Its portfolio also includes maintenance and support services, and consulting services related to co-developing algorithms on quantum computing systems. The company has a collaboration agreement with University of Chicago. Founded in 2015, the company is headquartered in College Park, Maryland.
IonQ, Inc. develops quantum computing systems and sells access to quantum computers of various qubit capacities globally. Its offerings include access through cloud platforms such as Amazon Web Services (AWS) Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as its own cloud service. The company also engages in quantum-safe communications and quantum detection systems. Additionally, IonQ provides contracts for the design, development, construction, and sale of specialized quantum computing hardware systems. Its portfolio includes maintenance and support services, along with consulting services related to co-developing algorithms on quantum computing systems.
Where is IonQ listed and what currency does it trade in?
IonQ, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol IONQ. The company trades in United States Dollars (USD), which is the standard currency for stocks listed on U.S. exchanges.
What sector and industry does IonQ belong to?
IonQ, Inc. operates in the Technology sector and is classified under the Computer Hardware industry. This reflects its focus on developing and providing quantum computing hardware systems, which are a specialized form of computing technology.
Where is IonQ headquartered and what markets does it serve?
IonQ, Inc. is headquartered in College Park, Maryland, United States. The company serves global markets, providing access to its quantum computing systems through major cloud platforms like AWS, Microsoft Azure, and Google Cloud, as well as its own cloud service. It also has a collaboration agreement with the University of Chicago, indicating engagement in the academic and research sectors.
How does IonQ generate revenue?
IonQ generates revenue primarily by selling access to its quantum computers via cloud platforms and its own cloud service. It also earns from contracts for the design, development, construction, and sale of specialized quantum computing hardware systems. Additionally, the company offers maintenance and support services, as well as consulting services for co-developing algorithms on its quantum systems. Its involvement in quantum-safe communications and quantum detection systems further diversifies its revenue streams.