IonQ Shares Surge Following Record Q3 2026 Revenue and Upgraded Annual Guidance
IonQ (IONQ) shares rose approximately 18% following the release of its third-quarter 2026 financial results, which exceeded analyst expectations. The quantum computing company reported record quarterly revenue of $173.8 million, representing a 336% increase year-over-year and marking its sixth consecutive quarter of record growth. Additionally, adjusted earnings per share were narrower than anticipated at a loss of $0.29 compared to the expected $0.79 loss. Driven by global deployments of IonQ Tempo quantum computers and the acquisition of SkyWater, the company has upgraded its full-year 2026 revenue guidance to a range of $505 million to $515 million, up from previous estimates of $450 million to $460 million. While still not generating organic cash flow, the stock is currently trading at a discount relative to its five-year average sales multiple.
Tickers: $IONQ