Quantum cloud services (QCaaS)
Recurring cloud access to IonQ systems; contracted backlog grew sharply in Q2 2026.
The numbers
Remaining performance obligations, year over yearup 297%Q2 2026 · source ↗
What it is
Customers rent access to IonQ quantum computers through the cloud instead of buying a system. This brings in recurring revenue and lets more customers try the hardware.
Why it matters to the stock. Cloud contracts create multi-year backlog, which makes future revenue easier to forecast than one-off system sales.
News
IonQ first-quarter revenue rises 755% to $64.7 million and full-year guidance is raised
IonQ reported first-quarter 2026 revenue of $64.7 million, up 755% year over year and about 30% above the midpoint of its guidance.
Earnings