IonQ beat its third-quarter earnings forecast and raised its 2026 revenue outlook, suggesting an industry record. The contribution from the foundry business and an upgraded outlook for Quantinuum were also highlighted. The stock rose 10% in response.
IonQ's third-quarter results showed revenue above expectations, and it raised its 2026 revenue outlook. According to the announcement, revenue came to $173.8 million, exceeding analyst expectations. The CEO described this as an “industry-record-level upward revision.” The stock rose 10% following the announcement.
The contribution from the foundry business was highlighted, with SkyWater recording $83.5 million in revenue over the 2 months since joining IonQ's group. This accounted for more than half of quarterly growth. Meanwhile, IonQ's Platform segment reached $90.3 million, up 127%, although gross margin declined to 21.9% from 24.9% in the previous quarter.
Quantinuum's revenue rose 233% to $9.1 million, and its 2026 outlook was raised from $31 million to $34 million. The figures indicated that growth in IonQ's Platform segment was making a relatively large contribution.
IonQ extended its foundry agreement with D-Wave for multiple years. D-Wave's second-quarter revenue was $3.1 million, while first-half bookings surged to $35.5 million from $2.9 million a year earlier. These bookings are said to have the potential to convert into future revenue.