NYSE$IONQ
IONQ Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
IonQ reported Q1 2026 revenue of $64.7M and net income of $805.4M ($2.07 diluted EPS).
IonQ reported Q1 2026 revenue of $64.7 million, up from $7.6 million, with a loss from operations of $271.5 million. Net income was $805.4 million, or $2.07 diluted EPS, versus a $32.3 million loss, primarily reflecting a $1.06 billion non-cash gain on warrant liabilities rather than operating profitability.
- Revenue $64.7M (+755% YoY) on QCaaS and systems growth.
- Operating loss $271.5M; R&D $125.7M.
- Reported net income inflated by $1.06B warrant fair-value gain.
- Adjusted profitability metrics discussed excluding non-cash items.
- Government and enterprise quantum contracts expanding.
Headline financials
Revenue & EPS history
Ionq · Revenue · Quarterly
$64.7M
Forward guidance
IonQ provides revenue and bookings commentary on calls; GAAP EPS is distorted by warrant marks—MD&A focuses on bookings, systems deliveries, and cash.
Tailwinds
- Rapid revenue scale-up in quantum computing.
- Strategic government and cloud partnerships.
- Strong cash balance supports R&D.
Headwinds
- Large operating losses excluding warrant gains.
- Non-cash volatility makes GAAP EPS misleading.
- Technology and commercialization timeline risk.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
+4.5%
Avg return
Earnings day
+6.6%
Avg return
5 days after
+1.6%
Avg return
30 days after
45%
9 / 20 earnings
Positive
+34.9%
Q2 2022
Best reaction
-16.8%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -9.3% | +6.2% | +8.4% | |
| Q4 2025 | +13.3% | +10.3% | -18.1% | |
| Q3 2025 | -1.3% | -1.8% | -4.9% | |
| Q1 2025 | +9.6% | +14.0% | +33.9% | |
| Q4 2024 | -16.8% | -25.3% | -23.7% | |
| Q3 2024 | +6.4% | +21.0% | +71.7% | |
| Q2 2024 | -1.4% | -6.8% | -5.7% | |
| Q1 2024 | +6.6% | +1.6% | -8.9% | |
| Q4 2023 | -10.5% | -12.8% | -13.7% | |
| Q3 2023 | -2.1% | +0.7% | +19.4% | |
| Q2 2023 | -1.0% | -14.6% | +19.0% | |
| Q1 2023 | +25.8% | +39.8% | +56.5% | |
| Q4 2022 | +19.9% | +37.8% | +7.4% | |
| Q3 2022 | -12.5% | +10.6% | -12.3% | |
| Q2 2022 | +34.9% | +6.6% | -6.8% | |
| Q1 2022 | +9.8% | +8.3% | -3.8% | |
| Q2 2021 | -6.0% | -1.4% | -37.8% | |
| Q4 2021 | -6.0% | -1.4% | -37.8% | |
| Q3 2021 | +30.9% | +39.0% | -11.5% | |
| Q4 2020 | +0.0% | -0.2% | -0.3% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro