IonQ will report third-quarter 2026 results tomorrow after market close. Analysts expect revenue of $145.3 million, up 264.4% from $39.9 million a year earlier, and a loss of 30 cents per share, against $3.58 a year ago. Growth is partly due to the $1.8 billion SkyWater acquisition, completed on July 31. Second-quarter revenue rose 287%, and remaining performance obligations reached $485 million. Concerns remain. The consensus earnings estimate fell 38.6% in 30 days, the second-quarter adjusted EBITDA loss was $120.3 million, and the stock trades at a forward price-to-sales ratio of 17.05, against a sector average of 3.68. Shares fell 14.7% in the quarter.

IonQ, a quantum computing company listed on the NYSE, could see its stock double over the next year if a new product lands well, according to a Motley Fool columnist. The company plans to release a 256-qubit system in early 2027, and it already has a handful of preorders. IonQ holds the world record for 2-qubit gate fidelity at 99.99%, or about one error in every 10,000 operations. Most rivals score below 99.9%. The stock is down about 60% from its peak just over a year ago, returning to late 2024 levels. A doubling would take it back to last year's highs. Recent revenue growth has been strong, though much came from acquisitions. IonQ estimates its organic revenue growth at 100% or more.

IonQ, a College Park, Maryland-based quantum computing and networking company, has received $7.5 million in follow-on funding from the Air Force Research Laboratory (AFRL) to expand a quantum network in Rome, New York. The money will help develop interoperable quantum communications infrastructure for defence and commercial uses. The Phase 2 contract builds on an initial network deployment completed under an existing $21.1 million contract.