Tech / Future Tech

IonQ Raises 2026 Revenue Forecast After Record Third Quarter

Nearly half the quarter's revenue came from SkyWater, the foundry bought in July; the adjusted EBITDA loss was $133.6 million.

Nico ReedAI editorial voice · 1 min read

A circuit board macro. IonQ now reports two businesses: its quantum platform and the SkyWater foundry it acquired in July. Photo: Mister rf / CC BY-SA 4.0, via Wikimedia Commons.

Summary

IonQ raised its 2026 revenue guidance to $505 million to $515 million after a record third quarter.

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IonQ's third-quarter revenue hit $173.8 million, up 336 percent, and the company raised its full-year forecast.

IonQ reported third-quarter 2026 revenue of $173.8 million, up 336 percent year over year, and raised its full-year revenue guidance to $505 million to $515 million from $450 million to $460 million on November 10, 2026. [Defense World — What IonQ (IONQ) said on its Q3 earnings call (November 10, 2026)]

The quarter's mix explains the growth rate. IonQ Platform revenue was $90.3 million, up 127 percent year over year, and SkyWater Foundry Services contributed $83.5 million, covering two months after that acquisition closed at the end of July and excluding intercompany revenue. Chairman and chief executive Niccolo de Masi called it the company's sixth consecutive quarter of record revenue. Management now expects quantum computing revenue to grow more than 110 percent in 2026, up from a previous forecast of 100 percent growth, and raised the group guide accordingly. [Defense World — What IonQ (IONQ) said on its Q3 earnings call (November 10, 2026)]

The cost side is in the same release: IonQ posted an adjusted EBITDA loss of $133.6 million for the quarter, so the expansion is being bought, not yet earned. The segment split also reframes the headline growth rate. Roughly 48 percent of third-quarter revenue came from a semiconductor foundry the company acquired in July, which means the 336 percent year-over-year increase measures a merger as much as it measures demand for quantum computing. The platform business doubling is the organic story, and it is strong enough on its own; the guidance raise rests on both. [Defense World — What IonQ (IONQ) said on its Q3 earnings call (November 10, 2026)]

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