โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Revenue: $173.8M (+336% YoY)
โข GAAP EPS: $1.42 (includes non-cash warrant gains)
โข Adjusted EPS: -$0.29
โข GAAP Net Income: $564.0M (driven by non-cash warrant revaluation)
โข Adjusted EBITDA: -$133.6M
โข IonQ Platform Revenue: $90.3M (+127% YoY)
โข SkyWater Foundry Revenue: $83.5M
โข Cash & Investments: $1.7B ($3.7B pro forma after October equity offering)
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๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐ (๐ ๐๐๐๐๐, ๐๐๐ข๐ฌ๐๐)
โข Revenue: $505Mโ$515M
โข Quantum Computing Revenue Growth: +110% YoY
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Sixth consecutive quarter of record revenue, with revenue, GAAP EPS and adjusted EPS exceeding consensus
โข Remaining Performance Obligations more than doubled to $1.2B
โข Quantum computing accounted for approximately two-thirds of new IonQ Platform contract dollars
โข Global Tempo deployments drove Platform growth, while SkyWater added $83.5M in foundry revenue
โข SkyWater non-IonQ quantum customer revenue increased more than 30% YoY
โข Advanced to DARPA Quantum Benchmarking Initiative Stage C, with potential program value of up to $300M
โข NVIDIA to deploy IonQ's Superion 256 as the first on-premise quantum computer at its Accelerated Quantum Research Center
โข Secured $33M SDT, $28M DARPA and $25M Florida International University contracts
โข DARPA atomic clock contract includes a $30M option for additional production units
โข Expanded quantum security capabilities through acquisition of Elisity
โข SkyWater extended D-Wave manufacturing collaboration and signed a new foundry contract with Qolab
โข Completed $2.0B equity offering in October, increasing pro forma liquidity to $3.7B
โข GAAP profitability was driven by non-cash warrant gains, while underlying adjusted EBITDA remained deeply negative
โข FY26 revenue guidance now exceeds $500M, with acquisition-driven growth contributing significantly to reported results
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โOur Remaining Performance Obligations more than doubled to $1.2 billion, even as we converted our backlog into record third quarter revenues.โ - CFO Inder Singh