After Wednesday's close, shares fell 5.1% even as revenue rose 55% to $64.7m and adjusted loss narrowed to 34 cents a share, both ahead of forecasts.
IonQ raised 2026 revenue guidance to $260m-$270m from $235m after remaining performance obligations jumped 554% year on year to $470m, with commercial customers contributing more than half of first-quarter revenue.
The company also reported $805.4m in net income, its second straight profitable quarter, but peers D-Wave, Rigetti and Quantum Computing also fell as investors continued treating quantum stocks as speculative.
With soaring revenue but falling stock, is IonQ's massive cash burn a sign of unsustainable growth?
As IonQ aims to be the 'Nvidia of quantum,' is selling hardware the winning strategy in this high-risk market?
IonQ sold its most powerful computer yet. When will quantum technology exit the lab to solve real-world business problems?