IonQ reported third quarter net income of $564 million, or $1.42 a share, on revenue of $173.8 million, up 336% from a year ago. Net income was driven by mark-to-market adjustments for warrants. Excluding those items, IonQ had a non-GAAP loss of 29 cents a share.

The company said for 2026, it will report revenue of $505 million to $515 million, well ahead of estimates.

Numbers to things to know:

  • IonQ's quantum products had $90.3 million in revenue in the quarter.
  • Skywater's foundry business had revenue of $83.5 million. IonQ didn't break out how much of Skywater was related to quantum, but did say the business grew meaningfully.
  • IonQ has sold out of its Superion 256 systems for 2027.
  • Superion 256 will be installed on premise at Nvidia's Accelerated Quantum Research Center and connected to its AI infrastructure.
  • The quarter included two months of Skywater results.
  • IonQ said it retained all of Skywater's customers and even grew the base. The company said it extended a foundry agreement with D-Wave.
IonQ Q3