Analyst(s): Brendan Burke Publication Date: August 7, 2026 IonQ’s Q2 FY 2026 earnings showed revenue growth above consensus, supported by quantum computer deployments, international demand, and broader platform adoption. The quarter also centered on SkyWater integration, semiconductor-based quantum systems, quantum security demand, and a raised FY 2026 outlook. What Is Covered in This Article: - IonQ’s Q2 FY 2026 financial results - Semiconductor-based quantum systems roadmap - SkyWater and merchant supplier strategy - Quantum security demand accelerates - Guidance and Final Thoughts The News: IonQ (NYSE: IONQ) announced Q2 FY 2026 revenue of $80.1 million, up 287% year-on-year (YoY), compared with Wall Street consensus of $66.4 million. International revenue represented about 50% of total revenue, commercial revenue represented about 60%, and multi-product revenue represented about 25%. Adjusted EBITDA loss was $120.3 million, compared with an adjusted EBITDA loss of $36.5 million in Q2 FY 2025. Adjusted EBITDA included costs tied to IonQ’s commercial relationship with SkyWater, and adjusted EBITDA loss would have been $95.6 million, excluding that spend. Adjusted EPS was a loss of $0.33, compared with an adjusted EPS loss of $0.08 in Q2 FY 2025. “Our second quarter 2026 revenue grew 287% year-on-year, driven by global deployments of our IonQ Tempo quantum computers, strong cloud utilization, and broad-based commercial momentum across our quantum platform,” said Inder Singh, COO and CFO of IonQ. IonQ Q2 FY 2026: Tempo Quantum Computers Drive Growth Ahead of SkyWater Integration Analyst Take: IonQ’s Q2 FY 2026 results show a company moving beyond a single quantum computing story into a broader quantum platform model. The quarter was shaped by deployed systems, higher international exposure, and a widening product base across compute, security, networking, sensing, and space-based communications. The SkyWater acquisition adds a manufacturing layer that will become central to IonQ’s supply chain strategy. The