How will the Elisity acquisition and share dilution impact $IONQ's upcoming earnings? Because both the Elisity acquisition and the recent $2 billion equity offering took place in mid-October 2026, they will have no direct impact on the historical results of IONQ's upcoming Q3 2026 earnings report (which covers the period ending September 30, 2026). Instead, the financial impacts will be reflected in management's forward-looking guidance and future quarters starting in Q4 2026. Expected to close in Q4 2026, the $1.3 billion all-stock acquisition is estimated by BofA Securities to contribute roughly $62 million in annual recurring revenue (ARR), establishing cybersecurity as a new monetization channel. The Elisity transaction is projected to add between 23 million and 35 million new shares. Furthermore, a concurrent $2.0 billion secondary offering in mid-October added 20.5 million common shares and 29.5 million pre-funded warrants immediately, with another 100 million long-term warrants pending, heavily diluting future earnings per share (EPS) metrics.