IONQ
Reports
| Reported | Quarter | EPS est. | EPS | EPS surprise | Revenue | Reaction | Gap | 5 days |
|---|---|---|---|---|---|---|---|---|
| Aug 5, 2026 AMC | 2Q2026 | −$0.60 | −$5.08 | −$4.48 (<−100%) miss | $80.0M | -0.5% -0.4 vs SPY | +3.6% | +13.2% |
| May 6, 2026 AMC | 1Q2026 | −$0.52 | $2.07 | +$2.59 (>+100%) beat | $64.7M | -9.3% -9.0 vs SPY | -4.8% | +5.1% |
| Feb 25, 2026 AMC | 4Q2025 | −$0.47 | $1.93 | +$2.40 (>+100%) beat | $61.9M | +21.7% +22.3 vs SPY | +16.2% | +10.5% |
| Nov 5, 2025 AMC | 3Q2025 | −$0.44 | −$3.58 | −$3.14 (<−100%) miss | $39.9M | +3.6% +4.7 vs SPY | +3.4% | -8.5% |
| Aug 6, 2025 AMC | −$0.14 | −$0.14 | $0.00 (0.0%) in line | — | -1.8% -1.7 vs SPY | -5.5% | -0.1% | |
| May 7, 2025 AMC | −$0.14 | −$0.16 | −$0.02 (−14.3%) miss | — | +9.3% +8.6 vs SPY | +8.9% | +14.7% | |
| Feb 26, 2025 AMC | −$0.25 | −$0.93 | −$0.68 (<−100%) miss | — | -16.8% -15.2 vs SPY | -6.3% | -24.4% | |
| Nov 6, 2024 AMC | −$0.23 | −$0.24 | −$0.01 (−4.3%) miss | — | +34.4% +33.6 vs SPY | -0.1% | +62.7% | |
| Aug 7, 2024 — | −$0.22 | −$0.18 | +$0.04 (+18.2%) beat | — | -5.7% -5.0 vs SPY | +1.8% | +1.0% | |
| May 8, 2024 AMC | −$0.25 | −$0.19 | +$0.06 (+24.0%) beat | — | +4.8% +4.2 vs SPY | +3.1% | +2.5% | |
| Feb 28, 2024 AMC | −$0.18 | −$0.20 | −$0.02 (−11.1%) miss | — | -8.0% -8.3 vs SPY | +4.0% | -11.9% | |
| Nov 8, 2023 AMC | −$0.10 | −$0.18 | −$0.08 (−80.0%) miss | — | -1.6% -0.8 vs SPY | -2.0% | +13.8% | |
| Aug 10, 2023 AMC | −$0.08 | −$0.14 | −$0.06 miss | — | +10.7% +10.8 vs SPY | +5.3% | -8.3% | |
| May 11, 2023 AMC | −$0.09 | −$0.12 | −$0.03 miss | — | -9.5% -9.4 vs SPY | -9.0% | +29.5% | |
| Mar 30, 2023 AMC | −$0.13 | −$0.09 | +$0.04 (+30.8%) beat | — | +21.1% +19.6 vs SPY | +5.3% | +34.1% | |
| Nov 14, 2022 AMC | −$0.08 | −$0.12 | −$0.04 miss | — | -5.7% -6.5 vs SPY | -2.8% | -19.9% | |
| Aug 15, 2022 AMC | −$0.10 | −$0.01 | +$0.09 (+90.0%) beat | — | +31.8% +31.6 vs SPY | +11.8% | +0.9% | |
| May 16, 2022 AMC | −$0.06 | −$0.09 | −$0.03 miss | — | +17.5% +15.4 vs SPY | +7.2% | +18.5% | |
| Mar 28, 2022 AMC | −$0.10 | −$0.06 | +$0.04 (+40.0%) beat | — | -5.7% -7.0 vs SPY | +0.9% | +3.4% | |
| Nov 15, 2021 AMC | −$0.08 | −$0.09 | −$0.01 miss | — | +33.1% +32.7 vs SPY | -0.8% | +16.9% |
BMO = before the open, AMC = after the close. Reaction: the first session that could trade on the report (the same day for BMO, the next session for AMC) against the close before it; "vs SPY" subtracts the S&P 500 over the same session. EPS surprise is in dollars, with the percentage only when the estimate is at least $0.10 (near zero, a small beat would show as hundreds of percent). Revenue surprise needs the estimate from before the report, so it starts with the reports Wallsti saw coming.
Cash flow & capex
Past four quarters: operating cash −$452.4M, capex $31.5M, free cash flow −$483.9M.
| Quarter ended | Operating cash | Capex | Free cash flow | Capex / cash | Capex vs yr ago | Filed |
|---|---|---|---|---|---|---|
| Jun 30, 2026 Q2 | −$103.8M | $10.2M | −$114.0M | — | +756% | 10-Q Aug 10 |
| Mar 31, 2026 Q1 | −$151.0M | $8.4M | −$159.4M | — | +263% | 10-Q May 7 |
| Dec 31, 2025 Q4 | −$74.5M | $8.8M | −$83.3M | — | +145% | 10-K Feb 25 |
| Sep 30, 2025 Q3 | −$123.1M | $4.1M | −$127.2M | — | +9% | 10-Q Nov 5 |
| Jun 30, 2025 Q2 | −$52.6M | $1.2M | −$53.8M | — | -84% | 10-Q Aug 6 |
| Mar 31, 2025 Q1 | −$33.0M | $2.3M | −$35.3M | — | -26% | 10-Q May 7 |
| Dec 31, 2024 Q4 | −$39.4M | $3.6M | −$43.0M | — | -50% | 10-K Feb 26 |
| Sep 30, 2024 Q3 | −$19.2M | $3.8M | −$23.0M | — | -9% | 10-Q Nov 6 |
From the company's SEC filings (XBRL), each quarter as first reported; 10-Q cash-flow statements are year-to-date, so a quarter is the difference from the one before. How the big AI spenders compare
Analyst estimates
| Period | EPS | Range | vs year ago | 90-day trend | Revisions 30d | Revenue | vs year ago |
|---|---|---|---|---|---|---|---|
| Current quarter · Sep 30, 2026 | −$0.80 (5) | −$0.87 – −$0.69 | +78% | +40.9% | ▲1 ▼3 | $141.2M | +254% |
| Next quarter · Dec 31, 2026 | −$0.79 (5) | −$0.92 – −$0.59 | -141% | +36.5% | ▲1 ▼3 | $169.2M | +173% |
| Current year · Dec 31, 2026 | −$4.03 (6) | −$4.74 – −$2.42 | -121% | -1322.5% | ▲3 ▼2 | $455.1M | +250% |
| Next year · Dec 31, 2027 | −$3.17 (6) | −$3.73 – −$2.28 | +21% | +37.3% | ▲1 ▼4 | $808.0M | +78% |
Consensus as of Oct 24, 2026. Source: Yahoo Finance analyst estimates; schedule and timing also from Nasdaq's earnings calendar.