Slide 1: Q1 2026 Business & Financial Highlights
Q1 2026 Business & Financial Highlights May 6, 2026 Copyright © 2026 IonQ, Inc. All Rights Reserved.
Slide 2: Important Information
Important Information Forward-Looking Statements and Other Information This presentation contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including but not limited to statements regarding our guidance for our financial perfo
Slide 3: Important Information (Cont'd)
Important Information (Cont’d) Important Information and Where to Find It In connection with the SkyWater Acquisition, IonQ filed with the SEC a Registration Statement on Form S-4 (the “Registration Statement”), effective as of March 31, 2026, which includes a prospectus with respect to the shares o
Slide 4: Strong First Quarter 2026 Results Driving Increased FY26 Revenue Guidance
Strong First Quarter 2026 Results Driving Increased FY26 Revenue Guidance Q1 2026 Revenue FY 2026 Revenue Guidance ON TRACK TO GROW ORGANIC REVENUE BY MORE THAN $225-245M $260-270M 100% IN FY2026 $64.7M GROWTH SUPPORTED BY STRONG BACKLOG AND TARGETED PIPELINE 755% OPPORTUNITY $7.6M Q1 2025 Q1 2026 F
Slide 5: A Leader in Every Quantum Product Family
01 A Leader in Every Quantum Product Family IonQ is a technical and commercial leader across every part of our quantum platform • Leading roadmap with straightforward path to scaling based on semiconductor engineering • Only company to hit target fidelity (99.99%) Compute • Fastest time-to-solution
Slide 6: IonQ Quantum Computers Lead the Industry For Commercial Impact and Deployability
02 IonQ Quantum Computers Lead the Industry For Commercial Impact and Deployability Orders-of-magnitude improvements across the metrics that matter based on durable foundations 99.99% UP TO HIGH-FIDELITY 2Q GATE OPERATIONS 10,000× Faster time-to-solution demonstrated on enterprise-relevant workloads
Slide 7: World's First Definitive, Detailed, and Transparent Architectural Blueprint For Fault-Tolerant Quantum Computing
03 World’s First Definitive, Detailed, and Transparent Architectural Blueprint For Fault-Tolerant Quantum Computing 01 FOUNDATIONAL RESEARCH 02 NOVEL ARCHITECTURE ON STANDARD SILICON 03 BUILT FOR SCALABILITY HIERARCHY arXiv:2604.1948v1 Fault-Tolerant Quantum Computing with Trapped Ions: The Walking
Slide 8: Transformational Quantum Algorithms With Real-World Commercial Validation
04 Transformational Quantum Algorithms With Real-World Commercial Validation PORTFOLIO COMPUTER-AIDED SHIPMENT LLM ONCOLOGY OPTIMIZATION ENGINEERING ALLOCATION FINE-TUNING IONQ + S&P 500 DATA GPU IonQ + Einride Annual Return Consumption Performance Crossover QPU Energy point Classical Annual Risk 34
Slide 9: Supporting Mission-Critical National Initiatives
05 Supporting Mission-Critical National Initiatives IonQ is positioned to be the secure trusted partner to support initiatives in the quantum space race Committed to serving the entire U.S. and Allied INTERCONNECT BACKBONE ecosystem as a Quantum Merchant Supplier Reflects IonQ’s leadership in high-s
Slide 10: Full-Stack Cybersecurity for the Quantum Era As We Accelerate the Timeline to Q-Day
06 Full-Stack Cybersecurity for the Quantum Era As We Accelerate the Timeline to Q-Day INTELLIGENT SOFTWARE & CLOUD Accelerated commercial Niccolo de Masi quantum capability puts NETWORK & EDGE HARDWARE CEO of IonQ, Jan 2026 Q-Day just 3 years away U.S. DoW Cryptographically relevant quantum compute
Slide 11: Unmatched Scale and Global Reach
07 Unmatched Scale and Global Reach Strengthening our position as the leading independent quantum platform company REVENUE CUSTOMERS INTELLECTUAL PROPERTY TALENT $260-270 Million 350+ 1,200+ Patents ~300 PhDs FY2026 Customers Served Worldwide Granted and Pending And over 500 Revenue Guidance in the
Slide 12: Q1 2026 Financial Highlights
Q1 2026 Financial Highlights 12 IonQ Q1 2026 Update Copyright © 2026 IonQ, Inc. All Rights Reserved.
Slide 13: Q1 2026 Financial Results
Q1 2026 Financial Results Quantum Computing Leadership Income Statement Q1 2026 New quantum computing ($ in millions, except per share amounts) contract wins, cloud usage growth and deepening application Revenue $64.7 layer partnerships Y/Y Growth 755% Adjusted EBITDA1,2 ($96.8) Full-Stack Platform
Slide 14: Third Quarter in a Row of Record-Setting Revenue Growth
Third Quarter in a Row of Record-Setting Revenue Growth GROWTH DRIVERS: Revenues vs. Prior Year Y/Y GROWTH 222% 429% 755% Accelerating global system sales $64.7M $61.9M $39.9M Increasing cloud utilization Full-stack quantum platform Q3 2025 Q4 2025 Q1 2026 14 IonQ Q1 2026 Update Copyright Copyright
Slide 15: We Expect to Maintain High Growth as Our Revenue Scale Increases
We Expect to Maintain High Growth as Our Revenue Scale Increases Quantum Computing Leadership Full-Stack Quantum Platform ON TRACK TO GROW ORGANIC Revenue REVENUE BY MORE THAN $260-270M 100% Guidance Range 150% IN FY2026 CAGR1 $130.0M GROWTH SUPPORTED BY STRONG BACKLOG AND TARGETED PIPELINE OPPORTUN
Slide 16: Strong First Quarter Operational Stats Point to Strengthening Business
Strong First Quarter Operational Stats Point to Strengthening Business I N T E R N A TI O N AL C O M ME R C I A L M U L T I - PR O D U C T RPO ~ 35% ~ 60% ~ 35% 554% revenue from revenue from revenue from year-over-year international markets commercial customers1 multi-product sales growth in RPOs 1
Slide 17: Copyright © 2026 IonQ, Inc. All Rights Reserved.
Copyright © 2026 IonQ, Inc. All Rights Reserved.
Slide 18: Reconciliation of GAAP and Non-GAAP Financial Measures
Reconciliation of GAAP and Non-GAAP Financial Measures Three Months Ended March 31, In thousands, except share and per share data 2026 2025 Net income (loss) attributable to IonQ, Inc. $ 805,360 $ (32,252) Net income (loss) attributable to noncontrolling interests (750) — Interest income, net (28,23