Filing Flows › IonQ (IONQ) › Q2 2026
IonQ (IONQ) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
IonQ (IONQ) reported revenue of $80.0M for the second quarter 2026 (Q2 2026), +287% from a year earlier and +24% from the quarter before. Operating margin was -421.3%.
IonQ, Q2 2026: revenue $80.0M (+287% year over year), operating margin -421.3%, net loss $1.9B, operating cash flow −$104M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $80.0M | +24% | +287% |
| Operating profit | −$337M | — | — |
| Net earnings | −$1.9B | -332% | — |
| Operating cash flow | −$104M | — | — |
What changed
Revenue was $80.0M in Q2 2026, up 287% year over year and up 24% from the previous quarter. Quantum Hardware was the largest line at 58% of revenue. Quantum Hardware added $32.4M year over year (up 230%), 55% of the total change.
Operating costs exceeded revenue by $337.2M, an operating margin of -421.3%. Total costs grew 130% against revenue growth of 287%. The fastest-growing cost line was Cost of revenue (+622%). The quarter ended with a net loss of $1,868.6M, after a profit of $804.6M the previous quarter. Minority interests bore $858K of it: to shareholders the quarter was a loss of $1,867.7M. Net interest and other expense of $1,537.4M was the main reason.
Operating cash flow was −$103.8M. Non-cash charges added back $46.1M of depreciation and amortization and $141.8M of share-based compensation. Working capital and other items added $1,576.9M. Capital expenditures of $10.2M exceeded it, leaving free cash flow of −$114.0M.
Questions
What was IonQ's revenue in the second quarter 2026?
IonQ (IONQ) reported revenue of $80.0M for the second quarter 2026 (Q2 2026), +287% from a year earlier and +24% from the quarter before.
Was IonQ profitable in the second quarter 2026?
Operating loss was $337M (-421.3% of revenue) and net loss $1.9B.
Source: IonQ 10-Q on SEC EDGAR.