IonQ Reports Record Revenue, Acquires SkyWater Foundry, Eyes Quantum Computing Growth

IonQ reported Q2 2026 revenue of $80.1 million, a 287% YoY increase. The company acquired SkyWater Foundry and raised its full-year guidance to $280-290 million. A report projects the quantum computing market to hit $21.87 billion by 2035. However, IonQ also reported a $1.87 billion net loss and negative $120 million adjusted EBITDA.

IONQ posted second-quarter 2026 revenue of $80.1 million, up 287% year-over-year and above the midpoint of its prior guidance . The quantum computing company also raised its full-year 2026 revenue outlook to $280-290 million, pointing to global deployments of its latest-generation systems as the main driver of growth .

The quarter's headline move was the close of IonQ's roughly $1.8 billion acquisition of SkyWater Foundry on July 31, which the company says creates a vertically integrated quantum platform with onshore semiconductor manufacturing for its chip roadmap . That integration comes at a steep near-term cost: IonQ reported a GAAP net loss of roughly $1.9 billion for the quarter, driven largely by a non-cash mark-to-market charge on warrant valuations, alongside negative adjusted EBITDA of about $120 million tied to SkyWater integration spending .

The results illustrate the tension running through IonQ's story: triple-digit revenue growth and a widening backlog set against heavy, mostly non-operating losses. Investors evaluating the stock will likely weigh execution on the SkyWater integration and continued order momentum against the company's cash burn.

Looking ahead, a separate industry report projects the broader quantum computing market could grow to $21.87 billion by 2035, a forecast that, if it holds, could support further demand for IonQ's hardware and cloud access business as enterprise and government customers scale up quantum workloads.

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