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IonQ Beat and Raised. Can the Quantum Stock Buck the Tech Selloff?

The quantum computing company said sales beat estimates and bookings more than doubled to $1.2 billion as it added SkyWater revenue and new contracts.

  • On Thursday, quantum computing company IonQ reported Q3 revenue of $173.8 million, prompting management to raise FY2026 guidance to $505M–$515M.
  • Growth accelerated following the integration of chipmaker SkyWater Technology, which contributed $83.5M in revenue this quarter to the firm's vertically integrated manufacturing.
  • Remaining performance obligations more than doubled to $1.20B; management said the company has "sold out all of our 256 capacity in 2027" for the Superion 256 system.
  • Despite revenue growth, Adjusted EBITDA losses expanded to $134M from $49M, as analysts cite cash burn and dilution as persistent headwinds for the stock.
  • Analysts maintain a $35.03 price target over 12 months, viewing the $1.20B contracted backlog as a competitive advantage over peers D-Wave and Rigetti.
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Crypto Briefing broke the news on Thursday, November 5, 2026.
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