IonQ Crushes Q4, Lifts 2026 Outlook After Announcing $1.8 Billion SkyWater Deal
Management guides for rapid growth next year, signaling deep losses to fund scaling.
Overview
- Q4 2025 revenue reached $61.9 million, beating the company’s guidance midpoint by 55% and surpassing Zacks’ consensus by over 53%.
- Earnings surprised sharply with Q4 EPS of $1.93 versus a projected loss of $0.48 per share.
- Full-year 2025 revenue totaled $130 million, a 202% year-over-year increase.
- For 2026, IonQ projects $225–$245 million in revenue and foresees an adjusted EBITDA loss of up to $330 million as investments accelerate.
- IonQ announced a $1.8 billion acquisition of SkyWater Technology to secure U.S. chip manufacturing, expanded its QuantumBasel partnership to over $60 million across four years, and is targeting a 256‑qubit system by the end of 2026.