IonQ (IONQ) just reported its first-quarter earnings, and the numbers are impressive. Revenue came in at $64.67 million, blowing past the $49.73 million analysts were expecting. The adjusted loss per share was 34 cents, slightly better than the 35-cent loss forecast. That's a 755% revenue jump from a year ago, driven by accelerating global system sales, strong demand for its Tempo system, a strengthening pipeline, and growing cloud usage.
The company ended the quarter with a hefty $3.1 billion in cash, cash equivalents, and investments. CEO Niccolo de Masi said in a statement: "I am pleased to share that IonQ has begun 2026 with strong momentum, delivering our fourth consecutive quarter of record-breaking results and the biggest quarter in our company's history — thus far." He added that the company is raising its full-year revenue expectations to $270 million at the high end, "based upon the strong and growing demand for our leading quantum computers, as well as the commercial impact of our entire quantum platform."
For the second quarter, IonQ expects revenue between $65 million and $68 million, compared to the $54.85 million consensus. The full-year 2026 revenue outlook was raised from $225-$245 million to $260-$270 million, versus estimates of $235.71 million. That's a significant upgrade, reflecting the company's confidence in its growth trajectory.
Investors liked what they saw. IonQ shares were up 3.69% in after-hours trading Wednesday, sitting at $54.54 at the time of writing. The company will discuss the quarter in more detail on its earnings call at 4:30 p.m. ET.
