IonQ Posts $64.7 Million Q1 Revenue, Up 755% From a Year Earlier
Updated
Updated · Yahoo Finance · Aug 4
IonQ Posts $64.7 Million Q1 Revenue, Up 755% From a Year Earlier
3 articles · Updated · Yahoo Finance · Aug 4
Summary
$64.7 million in Q1 2026 revenue marked IonQ's eighth straight quarter in the dataset and a sharp jump from $7.6 million a year earlier.
The 755% surge came as the quantum computing company expanded cloud-based access to its systems, completed its SkyWater Technology acquisition, and rolled out new earth-monitoring capabilities.
IonQ still operates at a much smaller scale than Advanced Micro Devices, whose Q1 2026 revenue held at $10.3 billion, underscoring the gap between quantum computing and the mature AI chip market.
A 24% gross margin for the quarter shows IonQ is converting more of that fast-growing sales base into profit before expenses, a key metric as investors weigh its long-term trajectory.