IonQ Q3 revenue jumps 336% to $174M, lifts full-year guidance

The gap between IonQ's headline profitability and its adjusted EBITDA loss is the real story here: net income is being flattered by warrant fair-value moves, not operations, so the record revenue and doubled backlog are doing the substantive work. The raised guidance and $1.2 billion in remaining performance obligations suggest demand visibility is firming, which matters for a sector still judged on commercial traction rather than near-term earnings. Whether that backlog converts to revenue on schedule, and whether the adjusted loss narrows as scale builds, is the open question.