$IONQ · IonQ, Inc.
IonQ's 8-K reports Q3 FY2026 results (quarter ended September 30, 2026) and the November 3, 2026 completion of its all-stock acquisition of Elisity, Inc. Revenue was $173.8M, up 336% YoY, with GAAP EPS of $1.35 diluted and Adjusted EPS of ($0.29). The company raised FY2026 revenue guidance to $505-$515M and reported $3.7B in pro-forma cash and investments. The Elisity deal involved 32.23M shares of closing consideration plus up to 4.27M earn-out shares.
- Q3 revenue of $173.8M, up 336% YoY, sixth consecutive record quarter
- FY2026 revenue guidance raised to $505-$515M, expecting 110% YoY quantum computing growth
- Remaining performance obligations more than doubled to $1.2B
- GAAP net income of $564.0M driven by $896.2M non-cash warrant fair-value gain
- Elisity acquisition closed for 32.23M shares plus up to 4.27M earn-out shares
Extended-hours last trade of $27.70, up 4.81% vs the $26.43 regular close, signaling a positive after-hours reaction to the beat and guidance raise.
IonQ delivered a triple catalyst — record revenue, raised guidance, and a completed acquisition — while its $1.2B backlog signals durable demand.
IonQ positions itself as the best-capitalized pure-play quantum company with $3.7B pro-forma cash, and claims the only trapped-ion company to reach DARPA's Quantum Benchmarking Initiative Stage C (up to $300M potential value).
GAAP profitability is driven by a non-cash $896.2M warrant fair-value gain; core operations still show a $433.1M operating loss and Adjusted EBITDA of ($133.6M). The Elisity earn-out adds up to 4.27M shares of potential dilution through January 2028.