IonQ Inc

Q1 2026 performance: record-breaking growth (strong “good” point) - GAAP revenue: $64.7M, +755% YoY, described as the biggest quarter in IonQ history and the 4th consecutive quarter of record results. - Organic growth expected to remain ~100% YoY for the full year (company framing), indicating confidence in continued demand. - Results exceeded revenue guidance by >30% and management emphasized the growth is “organic,” not just mix/one-offs.

Business mix & traction metrics: commercialization is accelerating (good + “surprising” depending on expectations) - Revenue composition: ~60% commercial customers; ~35% international (now sold in 30+ countries). - Introduced/spotlit metric: Multiproduct sales: >1/3 of Q1 revenue from customers buying more than one product family (compute/networking/sensing/security), supporting the “IonQ platform” go-to-market thesis. - RPO (remaining performance obligations): $470M as of Mar 31, 2026, up from ~$72M a year earlier (+554% YoY)—used as visibility/backlog proxy.

Raised outlook (key forecast numbers) - Full-year 2026 revenue guidance raised to $260M–$270M (high end previously lower per call context; specifically raised “to the high end”). - Even $260M (low end) is stated to double YoY. - Q2 2026 revenue guidance: $65M–$68M. - Adjusted EBITDA 2026 outlook reaffirmed: negative $310M to negative $330M. - Management expectation: 2026 is the transition from platform building blocks → platform execution at scale.