IONQ Q2 2026 Earnings — Income Statement Breakdown
For its Q2 2026 period (ending 2026-06-30), IONQ reported revenue of $80M, gross profit of $20M (24.9% gross margin), operating income of −$337M, and net income of −$1.9B (-2333.2% net margin). The flow of revenue into costs and profit is visualized below.
What changed
IONQ reported a net loss; revenue grew 286.8% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +286.8% | −952.1% | −1475.3 pp |
| Quarter over quarter | +23.8% | −332.1% | −3577.4 pp |
Consensus estimate data is not available for this report.
IONQ Q2 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $80M | 100% |
| Cost of Revenue | −$60M | 75.1% |
| Gross Profit | $20M | 24.9% |
| Research & Development | −$161M | 200.7% |
| Selling, General & Administrative | −$150M | 188.0% |
| Other Operating Expenses | −$46M | 57.6% |
| Operating Income | −$337M | -421.3% |
| Other Income, net | −$1.5B | 1920.6% |
| Income Tax Expense | $6M | 7.6% |
| Net Income | −$1.9B | -2333.2% |
Source: IONQ filings on SEC EDGAR (period ended 2026-06-30). Data normalized by EarningsFyi.