IonQ Posts 287% Q2 Revenue Jump as QCi Expands With $180 Million in Acquisitions
Updated
Updated · Zacks Investment Research · Aug 25
IonQ Posts 287% Q2 Revenue Jump as QCi Expands With $180 Million in Acquisitions
3 articles · Updated · Zacks Investment Research · Aug 25
Summary
$80.1 million in Q2 revenue put IonQ well ahead of Quantum Computing Inc., with sales up 287% year over year and 2026 guidance raised to $280 million-$290 million.
QCi reported $5.6 million in revenue versus $61,000 a year earlier, while using about $180 million on three 2026 acquisitions, adding NHanced's Fab 2 and advancing NeuraWave and Dirac-3 deployments.
Losses and execution demands remain heavy: IonQ posted a $120.3 million adjusted EBITDA loss and a $1.87 billion GAAP net loss, while QCi's operating expenses more than doubled to $21.8 million.
Commercial traction still favors IonQ, with commercial customers contributing about 60% of revenue and remaining performance obligations rising 297%; QCi ended June with $1.3 billion in cash and a $42.5 million backlog.
After recent quantum-stock volatility, the comparison highlights a split between IonQ's larger near-term business and QCi's broader but earlier-stage strategy across photonics, chip manufacturing and quantum systems.