We demonstrate an ultralow loss monolithic integrated lithium niobate photonic platform consisting of dry-etched subwavelength waveguides. We show microring resonators with a quality factor of 10 7 and waveguides with propagation loss as low as 2.7 dB/m.Lithium niobate (LN) is a material with wide range of applications in optical and microwave technologies, owing to its unique properties that include large second order nonlinear susceptibility (χ (2) = 30 pm/V), large piezoelectric response (C 33 ∼ 250 C/m 2 ), wide optical transparency window (350 nm − 5 µm) and high refractive index (∼ 2.2) [1]. Conventional LN components, including fiber-optic modulators and periodically poled frequency converters have been the workhorse of the optoelectronic industry. The performances of these components have the potential to be dramatically improved as optical waveguides in bulk LN crystals are defined by ion-diffusion or proton-exchange methods which result in low index contrast and weak optical confinement. Integrated LN platform, featuring sub-wavelength scale light confinement and dense integration of optical and electrical components, has the potential to revolutionize optical communication and microwave photonics [1][2][3][4][5][6][7].The major road-block for practical applications of integrated LN photonics is the difficulty of fabricating devices that simultaneously achieve low optical propagation loss and high confinement. Recently developed thin-film LN-on-insulator technology makes this possible, and has resulted in the development of two complementary approaches to define nanoscale optical waveguides: hybrid and monolithic. The hybrid approach integrates an easyto-etch material (e.g. silicon or silicon nitride) with LN thin films to guide light [2-4] with a relatively low propagation loss (0.3 dB/cm) [4]. However, the resulting optical modes only partially reside in the active material region (i.e. LN), reducing the nonlinear interaction efficiency. The monolithic approach relies on direct etching of LN to achieve high optical confinement in the active region, but has suffered from a relatively high propagation loss. While freestanding LN microdisk resonators have achieved optical quality factors (Q) of ∼ 10 6 [5, 6], integrated microring resonators typically feature Q ∼ 10 5 with waveguide propagation loss on the order of 3 dB/cm [7]. Since LN is perceived as a difficult-to-etch material, it is commonly accepted that low-loss propagation in a monolithic waveguide is not possible, and that therefore it is not the most promising path forward.Here we challenge the status quo and show that subwavelength scale lithium niobate waveguides can be fabricated with a propagation loss as low as 2.7 ± 0.3 dB/m through an optimized etching process. We also demonstrate ultra-high Q factor optical cavities with intrinsic Q = 10 7 . We fabricate waveguide coupled microring and racetrack resonators with a bending radius r = 80 µm, and various straight arm lengths l and waveguide widths w (Fig. 1). The optical modes in these reso...