Filing Flows › IonQ (IONQ) › Q3 2026
IonQ (IONQ) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
IonQ (IONQ) reported revenue of $174M for the third quarter 2026 (Q3 2026), +336% from a year earlier and +117% from the quarter before. Operating margin was -249.1%, net earnings $563M (323.9% of revenue).
IonQ, Q3 2026: revenue $174M (+336% year over year), operating margin -249.1%, net earnings $563M, operating cash flow −$316M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $174M | +117% | +336% |
| Operating profit | −$433M | — | — |
| Net earnings | $563M | — | — |
| Operating cash flow | −$316M | — | — |
What changed
Revenue was $173.8M in Q3 2026, up 336% year over year and up 117% from the previous quarter. CMOS Foundry was the largest line at 31% of revenue. Quantum Hardware added $31.4M year over year (up 145%), 23% of the total change.
Operating costs exceeded revenue by $433.1M, an operating margin of -249.1%. Total costs grew 191% against revenue growth of 336%. The fastest-growing cost line was Cost of revenue (+539%). Net earnings were $564.0M ($563.1M including minority interests, which bore $843K of losses). The effective tax rate was -33.6%. Non-operating items added $854.5M, 203% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$315.5M. Non-cash charges added back $127.6M of depreciation and amortization and $146.9M of share-based compensation. Working capital and other items used $1,153.2M. Capital expenditures of $16.3M exceeded it, leaving free cash flow of −$331.9M.
Questions
What was IonQ's revenue in the third quarter 2026?
IonQ (IONQ) reported revenue of $174M for the third quarter 2026 (Q3 2026), +336% from a year earlier and +117% from the quarter before.
Was IonQ profitable in the third quarter 2026?
Operating loss was $433M (-249.1% of revenue) and net earnings $563M.
Source: IonQ 10-Q on SEC EDGAR.