SARS-CoV-2 causes a spectrum of disease outcomes, ranging from asymptomatic to critical COVID-19. As immunological basis remains ill-defined, we analyzed 77 SARS-CoV-2-infected individuals at acute and/or convalescent timepoints, up to 103 days post-symptom onset, quantifying 154 innate and adaptive immunological parameters. Acute COVID-19 was associated with high levels of IL-6, IL-18 and IL-10, elevated neutrophil-to-lymphocyte and neutrophil-to-T cell ratios, frequencies of activated CD38+ neutrophils, CD38+ eosinophils, CD38+/HLA-DRlo monocytes, CD38+CD56dim NK cells, CD38+ γδ T-cells, antibody-secreting cells, CD38+ICOS+ circulating T follicular helper cells, CD38+/HLA-DR+CD4+ T-cells, and effector CD27-CD45RA+ and CD38+CD8+ T-cells. During convalescence, elevated seroconversion and neutralisation activity were prominent and were correlated with acute cTFH cell activation. Strikingly, severe COVID-19 in ICU patients displayed elevated soluble IL-6R levels, higher IL-18 concentration, and hyperactivation of innate, adaptive and myeloid compartments. Our analyses provide a comprehensive map of longitudinal immunological responses in COVID-19 patients at acute and convalescent phases of SARS-CoV-2 infection, and integrate key cellular pathways of complex perturbed immune networks that underpin severe COVID-19, providing important insights into potential biomarkers and immunotherapies.