IonQ, Inc. · NYSE:IONQ
IonQ — Q3 2026 Earnings Presentation
24 slides from IonQ's earnings presentation, Nov 5, 2026
Slide 1: Q3 2026 Business & Financial Highlights
Q3 2026 Business & Financial Highlights November 5, 2026 Copyright © 2026 IonQ, Inc. All Rights Reserved.
Slide 2: Important Information
IonQ Q3 2026 Update Important Information Forward-Looking Statements and Other Information This presentation contains forward-looking statements. All statements contained in this presentation other than statements of historical fact are forward-looking statements, including statements regarding our
Slide 3: Business Highlights
IonQ Q3 2026 Update Business Highlights Sixth Record Quarter in a Row 1 GAAP revenue of $173.8 million and 336% year-over-year growth Advanced to DARPA QBI Stage C 2 The only trapped-ion company promoted to the final stage, where DARPA will evaluate multiple Superion generations Global Demand for Su
Slide 4: IonQ's Vertically Integrated, Full-Stack Quantum Platform
IonQ Q3 2026 Business Highlights IonQ's Vertically Integrated, Full-Stack Quantum Platform The IonQ Platform in Action 1 Our technology leadership is translating to independent QUANTUM PRODUCTS & SERVICES QUANTUM QUANTUM QUANTUM QUANTUM validation and growing COMPUTING NETWORKING SENSING SECURITY co
Slide 5: The Only Trapped-Ion Company in DARPA Stage C
IonQ Q3 2026 Business Highlights The Only Trapped-Ion Company in DARPA Stage C Stage C measures commercial usefulness, the same standard behind our roadmap What Stage C measures Quantum Benchmarking Initiative When a business focused on its bottom line will choose a quantum computer over a classical
Slide 6: Strong Global Demand for Superion 256
IonQ Q3 2026 Business Highlights Sept. 2026 Strong Global Demand for Superion 256 First on-premise quantum computing deployment at the NVAQC Superion 256 linked to a GB200 NVL72 via NVQLink, EUROPE orchestrated by CUDA-Q U.S. University of Cambridge 2027: Installation at NVAQC NVIDIA SOUTH KOREA Hor
Slide 7: Lead in Hardware, Make It Easy to Build On
IonQ Q3 2026 Business Highlights Lead in Hardware, Make It Easy to Build On 05 Global adoption ~1,000 37+ 327 4,400+ 80+ Qolab x IonQ Global Hackathon DEVELOPERS COUNTRIES PROJECTS RUNS IN 48 HOURS UNIVERSITIES BUILT BY IONQ RUN ON IONQ CCRM: cell and gene therapy manufacturing HSBC and Haiqu: 34% b
Slide 8: Quantum Security, Built On Quantum Computing
IonQ Q3 2026 Business Highlights Quantum Security, Built On Quantum Computing Our approach is quantum-safe defense in depth Why customers choose IonQ Quantum Native Expertise. We understand emerging Quantum computing 1 quantum threats because we build quantum computers. Understand risks as they emer
Slide 9: Elisity Extends Our Quantum Security Platform
IonQ Q3 2026 Business Highlights Elisity Extends Our Quantum Security Platform Identify broader set of vulnerabilities and provide Zero Trust and cryptographic agility for customers today QUANTUM-SAFE DEFENSE IN DEPTH HOW IT FITS TOGETHER Discover Contain Protect Gain visibility into connected Enfor
Slide 10: SkyWater Accelerates IonQ and Serves the Quantum Ecosystem
IonQ Q3 2026 Business Highlights SkyWater Accelerates IonQ and Serves the Quantum Ecosystem VERTICAL INTEGR ATION = R APID ITER ATION SERVING THE QUANTUM ECOSYSTEM SP90 SC250 RH90 100+ LEARNING CYCLES PER 12x MORE WAFER LOTS Photonics. Also underpins our own ion- trap chips. Superconducting for broa
Slide 11: IonQ Has Unmatched Scale and Global Reach
IonQ Q3 2026 Business Highlights IonQ Has Unmatched Scale and Global Reach Strengthening our position as the leading independent quantum platform company REVENUE CASH INTELLECTUAL PROPERTY TALENT CUSTOMERS $505–515M $3.7B 1,200+ ~300 PhDs 450+ FY2026 revenue guidance Pro forma cash, cash equivalents
Slide 12: Q3 2026 Financial Highlights
Q3 2026 Financial Highlights 12 Copyright © 2026 IonQ, Inc. All Rights Reserved.
Slide 13: Q3 2026 Financial Highlights
IonQ Q3 2026 Financial Highlights Q3 2026 Financial Highlights Strongest Quarter in IonQ History 1 $173.8M total GAAP revenue, up 336% and 23% above consensus. FY26 guidance raised to $505 to $515M RPOs Increased to Record $1.2B, Even As We Converted our Backlog into Record Revenue 2 Especially stro
Slide 14: Q3 2026 Financial Results
IonQ Q3 2026 Financial Highlights Q3 2026 Financial Results ($ in millions, except per share amounts) Q3 2026 Quantum Computing Leadership Revenue $173.8 Global system deliveries, cloud usage growth and deepening application layer YoY growth 336% partnerships Non-GAAP adjusted cost of revenue excl.
Slide 15: Strong Third Quarter 2026 Revenue Driving Increased Guidance
IonQ Q3 2026 Financial Highlights Strong Third Quarter 2026 Revenue Driving Increased Guidance ON TRACK TO GROW QUANTUM Q3 2026 Revenue FY 2026 Revenue Guidance COMPUTING REVENUE BY $450-460M $505-515M 110% IN FY2026 $173.8M $280-290M GROWTH SUPPORTED BY 336% STRONG BACKLOG AND TARGETED PIPELINE $39
Slide 16: Segment Performance
IonQ Q3 2026 Financial Highlights Segment Performance Quantum Hardware Quantum Foundry • Quantum computers 1 & Advanced Technologies2 • Quantum foundry • Quantum security (QKD, PQC) • Advanced packaging • Quantum positioning, navigation & timing • Quantum networking $90.3M $83.5M • Critical governme
Slide 17: Momentum Across IonQ Platform
IonQ Q3 2026 Financial Highlights Momentum Across IonQ Platform 40%+ of IonQ Platform revenue from multi-product customers in Q3 2026 QUANTUM COMPUTING QUANTUM SECURITY QUANTUM SENSING NETWORKING & SPACE ~$180M 125+ 9 84 of new quantum computing contracts global quantum security customers new sensin
Slide 18: We Have A Track Record of Doubling our Revenue Year-Over-Year
IonQ Q3 2026 Financial Highlights We Have A Track Record of Doubling our Revenue Year-Over-Year Full-Stack Quantum Platform Quantum Computing, Networking, Sensing and Security Quantum Computing Leadership Revenue $505-515M Guidance Range 292% implied YoY growth1 $130.0M $43.1M $11.1M $22.0M $2.1M 20
Slide 19: Copyright © 2026 IonQ, Inc. All Rights Reserved.
19 Copyright © 2026 IonQ, Inc. All Rights Reserved.
Slide 20: Reconciliation of GAAP and Non-GAAP Financial Measures
IonQ Q3 2026 Update Reconciliation of GAAP and Non-GAAP Financial Measures Three Months Ended September 30, Nine Months Ended September 30, In thousands, except share and per share data 2026 2025 2026 2025 Net income (loss) attributable to IonQ, Inc. $ 563,957 $ (1,054,955) $ (498,425) $ (1,264,045)
Slide 21: GAAP and Non-GAAP Consolidated Statement of Operations
IonQ Q3 2026 Update GAAP and Non-GAAP Consolidated Statement of Operations Three Months Ended Nine Months Ended September 30, 2026 September 30, 2026 Adjusted EBITDA Non-GAAP Adjusted Adjusted EBITDA Non-GAAP Adjusted In thousands As Reported Add-Back P&L As Reported Add-Back P&L Revenue $ 173,831 $
Slide 22: Reconciliation of Adjusted EBITDA Add-Backs
IonQ Q3 2026 Update Reconciliation of Adjusted EBITDA Add-Backs Three Months Ended September 30, 2026 (Gain) Loss on Changes in Fair Acquisition Non-Cash Legal Stock-Based Executive Cash- Value Transaction and Settlements and Non-GAAP In thousands As Reported Compensation Based Severance Measurement
Slide 23: EPS Reconciliation
IonQ Q3 2026 Update EPS Reconciliation Three Months Ended September 30, Nine Months Ended September 30, In thousands, except share and per share data 2026 2025 2026 2025 Basic net income (loss) per share Numerator: Net income (loss) $ 563,114 $ (1,055,612) $ (500,876) $ (1,265,394) Less: Net income
Slide 24: Segment Results
IonQ Q3 2026 Update Segment Results Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 SkyWater SkyWater SkyWater SkyWater IonQ Foundry IonQ Foundry IonQ Foundry IonQ Foundry In thousands Platform Services Total Platform Services Total Platform Services Total Platfo