IonQ (IONQ) Stock Overview
Develops quantum computing systems in the United States, Switzerland, and Internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
IONQ Community Fair Values
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Analyst Price Targets
Top Community Narratives
IonQ, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$36.75 |
| 52 Week High | US$84.64 |
| 52 Week Low | US$25.89 |
| Beta | 3.29 |
| 1 Month Change | -20.56% |
| 3 Month Change | -39.93% |
| 1 Year Change | -33.91% |
| 3 Year Change | 115.16% |
| 5 Year Change | 265.31% |
| Change since IPO | 240.28% |
Recent News & Updates
Recent updates
Why IonQ's Quantum Story Still Isn't Convincing
Summary IonQ, Inc. (IONQ) is now a vertically integrated manufacturer following the SkyWater acquisition, raising 2026 revenue guidance to $450–$460 million. IONQ’s business model shift introduces significant capital intensity and operational risk, with ongoing heavy cash burn and uncertain foundry profitability. Q2 2026 revenue surged to $80.1 million, but GAAP net loss was $1.9 billion, highlighting persistent cost and integration challenges. I rate IONQ as a hold: speculative upside exists, but execution risks and high valuation multiples warrant caution. Read the full article on Seeking Alpha
IONQ: Vertical Integration And Policy Support Will Drive Future Quantum Adoption
IonQ's analyst price target has moved to $49, with analysts pointing to strong commercial momentum, expanding remaining performance obligations, and continued sector interest as key supports for the updated view. Analyst Commentary Recent Street research on IonQ shows active debate around how to balance the company’s quantum computing opportunity with execution and valuation risks.
IONQ: Federal Quantum Policy And SkyWater Deal Will Shape Future Upside
IonQ's analyst price target has seen a modest reset of about $0.38 as analysts factor in updated expectations around revenue growth, profitability, future P/E assumptions, and the evolving quantum computing opportunity highlighted in recent sector research and new coverage initiations. Analyst Commentary Recent research on IonQ gives you a mixed picture that balances excitement about long term quantum computing potential with clear execution and valuation questions.IONQ: Federal Quantum Orders And Funding Will Drive Future Policy Tailwinds
Analysts have lifted their IonQ price targets, with one moving from $55 to $70, citing stronger perceived positioning across U.S. quantum policy priorities and confidence in the company's engagement with both commercial and government customers. Analyst Commentary Recent research notes around IonQ highlight how policy developments, federal engagement, and perceived technology positioning are feeding directly into how analysts think about valuation, execution risk, and long term growth potential.IONQ: Policy Tailwinds Will Not Justify Current Quantum Adoption Hurdles
IonQ's updated analyst price target narrative reflects a modest fair value change to $44.78, as analysts balance more conservative revenue growth assumptions with improved margin expectations and supportive policy and research views on the quantum computing sector. Analyst Commentary Recent Street research on IonQ highlights both supportive policy tailwinds and company specific risks that could affect how investors think about valuation, execution and long term growth potential.IonQ (IONQ) Stock Could Be 1,017.6% Overvalued After Clavis XG Multiplex Launch
IonQ (IONQ) recently introduced Clavis XG Multiplex, a new quantum key distribution product built to run on existing metropolitan fiber networks, aiming to make long term quantum security deployment more practical for enterprise customers. See our latest analysis for IonQ. IonQ’s recent Clavis XG Multiplex launch comes after a volatile run, with a 1-day share price return of 3.40%, a 90-day share price return of 81.25%, and a 1-year total shareholder return of 40.11%, indicating strong but...
Will Aggressive R&D and Hardware Scaling Drive IonQ's Future Growth?
Usage of liquidity allows IonQ to pursue aggressive R&D, scale manufacturing independently, and absorb heavy annual losses without the immediate threat of diluting shareholders just to fund daily operations. Although I maintain my belief in the company's long-term potential as an ecosystem monopoly, I have revised my fair value target down from the $118+ to the $75+ due to the its fundamental metrics on its financial numbers (income-cash flow) in comparison with last year's.
The Best-Funded Quantum Platform and Still a Stock Priced for Perfection
Rating: Speculative Buy / Premium-priced quantum leader Style: Deep-tech platform with commercial momentum, but still pre-profit Core debate: Is IonQ the strongest public quantum platform because it combines the best balance sheet, the broadest product ambition, and the fastest current revenue scale, or is the stock already discounting too much future success in a still-unproven industry? Executive view The company just reported Q1 2026 revenue of $64.7 million , raised full-year revenue guidance to $260–270 million , and ended the quarter with Remaining Performance Obligations (RPO) of $470 million.
IonQ: Exceptional Technology but Valuation Far Ahead of Financial Reality
Artificial intelligence has dominated technology markets in recent years and driven enormous investment into computing infrastructure. If AI represents the current frontier of computing, quantum computing could represent the next major paradigm shift.Is IonQ (IONQ) on Course to Become the "Nvidia of Quantum"?
The market is upside down. IONQ is the clear winner of this race.Shareholder Returns
| IONQ | US Semiconductor | US Market | |
|---|---|---|---|
| 7D | -7.0% | -1.3% | -0.9% |
| 1Y | -33.9% | 50.9% | 14.2% |
Return vs Industry: IONQ underperformed the US Semiconductor industry which returned 50.9% over the past year.
Return vs Market: IONQ underperformed the US Market which returned 14.2% over the past year.
Price Volatility
| IONQ volatility | |
|---|---|
| IONQ Average Weekly Movement | 11.4% |
| Semiconductor Industry Average Movement | 11.4% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in US Market | 15.3% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: IONQ's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: IONQ's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2015 | 1,132 | Niccolo de Masi | www.ionq.com |
IonQ, Inc. develops quantum computing systems in the United States, Switzerland, and Internationally. It sells access to quantum computers of various qubit capacities. The company also makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS), Braket, Microsoft’s Azure Quantum, and Google’s Cloud Marketplace, as well as through its cloud service.
IonQ, Inc. Fundamentals Summary
| IONQ fundamental statistics | |
|---|---|
| Market cap | US$14.60b |
| Earnings (TTM) | -US$1.36b |
| Revenue (TTM) | US$246.47m |
Is IONQ overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IONQ income statement (TTM) | |
|---|---|
| Revenue | US$246.47m |
| Cost of Revenue | US$170.43m |
| Gross Profit | US$76.05m |
| Other Expenses | US$1.44b |
| Earnings | -US$1.36b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -3.43 |
| Gross Margin | 30.85% |
| Net Profit Margin | -553.27% |
| Debt/Equity Ratio | 0% |
How did IONQ perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/13 02:05 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
IonQ, Inc. is covered by 19 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Craig Ellis | B. Riley Securities, Inc. |
| Troy Jensen | Cantor Fitzgerald & Co. |
| Richard Shannon | Craig-Hallum Capital Group LLC |