IonQ Inc. (NYSE:IONQ) delivered the kind of first-quarter results that can light up a growth stock. 

Revenue came in at $64.7 million, up 755% year-over-year and 30% above the midpoint of the company's prior guidance range, while net income totaled $805.4 million, or $2.19 per share, according to the company's earnings release.

IONQ stock is moving. See the chart and price action here. 

The quantum computing company also raised its full-year 2026 revenue outlook to a range of $260 million to $270 million and reported remaining performance obligations (RPO) of $470 million, up 554% year-over-year.

But the headline numbers came with a notable catch: IonQ remains deeply unprofitable on an adjusted EBITDA basis.

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