IonQ Lifts 2026 Revenue Outlook to $450–$460 Million With SkyWater

IonQ announced on September 8, 2026 that it expects full-year 2026 revenue of between $450 million and $460 million, the company’s first outlook to consolidate SkyWater Technology (SKYT ), the U.S. semiconductor foundry IonQ acquired on July 31, 2026.

The updated range includes SkyWater’s contributions from July 31, 2026, the date the acquisition closed, through December 31, 2026. It also reflects the elimination of estimated intercompany revenues generated under the pre-existing commercial agreement between IonQ and SkyWater, the company said.

The guidance was released the same day IonQ planned to host its first joint Investor Day with SkyWater. Chairman and CEO Niccolo de Masi tied the revised outlook to both commercial performance and the newly acquired manufacturing base. “As we prepare to host our first joint Investor Day today, our updated full-year guidance highlights both the market traction of our quantum platform and the foundational manufacturing scale provided by SkyWater,” de Masi said, adding that the combined company is executing on a shared roadmap intended to accelerate its timeline and capabilities to achieve commercial-scale, fault-tolerant quantum computing.

Chief Financial Officer and Chief Operating Officer Inder Singh described the release as the organization’s first combined guidance. “Releasing our first combined guidance as a unified organization is a pivotal step that demonstrates the immediate financial and operational strength of bringing IonQ and SkyWater together,” Singh said.

IonQ scheduled the Investor Day webcast for 12:30 PM Eastern time on September 8, 2026, accessible through the company’s investor relations website, and said an archive of the webcast would be posted shortly after the call and remain available for one year.

Prior Outlook and Second-Quarter Results

The September 8 outlook, which IonQ characterized as an increased full-year forecast, follows the revenue expectation of between $280 million and $290 million that the company issued on August 5, 2026 alongside its second-quarter results. That earlier outlook explicitly excluded any contribution from the SkyWater acquisition, and the company said at the time that it continued to expect organic revenue growth of 100% year-on-year for the full year.

For the quarter ended June 30, 2026, IonQ reported revenue of $80.1 million, which it said represented 287% growth year-on-year and came in 20% above the midpoint of its previously provided range. De Masi described the period as the company’s fifth consecutive quarter of record results. Singh said the revenue base broadened during the quarter, with international customers accounting for approximately 50% of revenue, commercial customers approximately 60%, and multi-product agreements approximately 25%. Remaining performance obligations grew 297% year-on-year, according to the second-quarter release.

IonQ reported a second-quarter net loss of $1,867.7 million and a GAAP loss per share of $5.08. Its adjusted EBITDA loss was $120.3 million, which the company said included the costs of its commercial relationship with SkyWater; excluding that spending, IonQ said the adjusted EBITDA loss would have been $95.6 million. Cash, cash equivalents, and investments totaled $3.0 billion as of June 30, 2026, which the company said stands at $2.0 billion on a pro-forma basis after subtracting the cash consumed in completing the SkyWater acquisition.

SkyWater Acquisition Terms and Structure

IonQ completed its acquisition of SkyWater Technology on July 31, 2026, after receiving required regulatory approvals. Under the terms of the agreement, SkyWater shareholders received $15.00 in cash and 0.4883 shares of IonQ common stock for each share of SkyWater common stock held at the close of the transaction.

SkyWater, headquartered in Bloomington, Minnesota, is the largest exclusively U.S.-based semiconductor foundry and a DMEA-accredited Category 1A Trusted Foundry, with facilities in Minnesota, Florida, and Texas. Following the closing, SkyWater operates as an IonQ subsidiary under the SkyWater name. Thomas Sonderman, SkyWater’s chief executive officer, leads the subsidiary and reports to de Masi. IonQ said at the closing that the structure is intended to ensure continued delivery of SkyWater’s Advanced Technology, Wafer, and Advanced Packaging Services, as well as atomic clocks and quantum interconnects, to all SkyWater customers, and that SkyWater would continue to serve its semiconductor foundry customers.

Before the acquisition, the two companies operated under a commercial agreement that generated the intercompany revenue now eliminated from the combined outlook.

In its announcement, IonQ classified the revenue outlook as forward-looking and subject to risks and uncertainties, citing the risk factors described in its Annual Report on Form 10-K for the year ended December 31, 2025 and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026.