IonQ (IONQ) Stock Overview
Develops quantum computing systems in the United States, Switzerland, and Internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 2/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
IONQ Community Fair Values
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Analyst Price Targets
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IonQ, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$68.23 |
| 52 Week High | US$84.64 |
| 52 Week Low | US$25.89 |
| Beta | 3.05 |
| 1 Month Change | 49.14% |
| 3 Month Change | 89.42% |
| 1 Year Change | 72.12% |
| 3 Year Change | 622.01% |
| 5 Year Change | 543.68% |
| Change since IPO | 531.76% |
Recent News & Updates
IonQ: Unique Trapped Ion Technology To Sustain Rapid Growth
Summary IonQ's revenue is driven by strong US government and education sector demand, with government contracts accounting for 50% of total deal value. IonQ's competitive edge stems from industry-leading qubit count, exceptional coherence timing, and exclusive US-based trapped ion technology. High customer concentration remains a key risk, but projected 100% organic revenue growth for 2026 is supported by quantum market tailwinds and government spending. Read the full article on Seeking Alpha
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.Recent updates
IonQ: Unique Trapped Ion Technology To Sustain Rapid Growth
Summary IonQ's revenue is driven by strong US government and education sector demand, with government contracts accounting for 50% of total deal value. IonQ's competitive edge stems from industry-leading qubit count, exceptional coherence timing, and exclusive US-based trapped ion technology. High customer concentration remains a key risk, but projected 100% organic revenue growth for 2026 is supported by quantum market tailwinds and government spending. Read the full article on Seeking AlphaThe 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.IonQ: Thank The Selloff For This Speculative Buy Opportunity (Rating Upgrade)
Summary Our caution surrounding the dangers of chasing overpriced stocks in an overly exuberant stock market has paid off well, as IonQ pulls back by -51% since 52 week heights. Thanks to the cheaper valuations, growing top-lines, expanding multi-year RPOs, and ongoing contract wins, the quantum stock looks a lot more compelling here. Combined with its strategic partnership with NVDA on CUDA-Q, IONQ may be quickly emerging as a potential long-term winner in the quantum computing arena. Despite our upgraded speculative Buy rating, we shall discuss numerous caveats/ risks tied to IONQ's investment thesis in detail. Read the full article on Seeking AlphaIonQ Is Trading At Dangerous, Speculation Level Valuations
Summary IonQ's revenue guidance is significantly below expectations, and management's cessation of bookings disclosures reduces top-line visibility, raising concerns for GARP-oriented investors. Despite worsening FCF burn due to increased SG&A expenses, IonQ has a solid liquidity runway of over 5 years, bolstered by recent funding. The acquisition of ID Quantique to enhance IonQ's quantum networking IP portfolio makes sense. And I think it is occurring at a reasonable valuation. IonQ trades at a 42% discount to peers, but I think a 1-yr fwd EV/Revenue multiple of 57x is still high. The technicals suggest further downside as well vs S&P500. IONQ stock may be a crowded bearish trade. So a short squeeze risk is something I am watching out for by tracking the short interest. Read the full article on Seeking AlphaIonQ: Building A Unique Quantum Edge
Summary IonQ's unique trapped-ion technology and strategic partnerships drive strong growth, making shares a strong buy despite recent selloff. New CEO de Masi's focus on commercialization and scaling, along with key acquisitions, enhances IonQ's market position. IonQ's robust patent portfolio and government contracts provide a significant competitive edge in the growing quantum computing market. High-risk, high-reward opportunity with potential for transformative long-term gains; strong buy recommendation remains despite short-term volatility. Read the full article on Seeking AlphaQuantum Crash: IonQ's Stock Is Entangled In A Market Sell-Off
Summary I believe IonQ’s high beta (4.1) makes it extremely vulnerable to broader market declines, with recent historical drops exceeding 7x the S&P 500’s decline. Considering the uncertain macro environment in the U.S., I find IonQ’s triple digit TTM P/S ratio unsustainable, especially as fundamentals and valuation start to matter again. IonQ’s annual cash burn is over $100 million, with a cash runway of just over three years unless it heavily dilutes shareholders via its $500 million ATM program. I acknowledge IonQ’s 2024 revenue nearly doubled YoY, and government contracts continue to support bookings, with 2025 revenue guidance reaching up to $95 million. While new government funding and enterprise expansion are positives, I anticipate broader market headwinds will outweigh these factors, leading me to a strong sell rating. Read the full article on Seeking AlphaShareholder Returns
| IONQ | US Tech | US Market | |
|---|---|---|---|
| 7D | 4.3% | 3.6% | 1.2% |
| 1Y | 72.1% | 74.7% | 27.0% |
Return vs Industry: IONQ underperformed the US Tech industry which returned 74.7% over the past year.
Return vs Market: IONQ exceeded the US Market which returned 27% over the past year.
Price Volatility
| IONQ volatility | |
|---|---|
| IONQ Average Weekly Movement | 13.6% |
| Tech Industry Average Movement | 11.3% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.9% |
| 10% least volatile stocks in US Market | 3.0% |
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 (14%) 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$26.65b |
| Earnings (TTM) | US$308.51m |
| Revenue (TTM) | US$187.12m |
Is IONQ overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IONQ income statement (TTM) | |
|---|---|
| Revenue | US$187.12m |
| Cost of Revenue | US$119.55m |
| Gross Profit | US$67.57m |
| Other Expenses | -US$240.94m |
| Earnings | US$308.51m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.83 |
| Gross Margin | 36.11% |
| Net Profit Margin | 164.87% |
| 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 | 2026/06/03 21:32 |
| End of Day Share Price | 2026/06/03 00:00 |
| Earnings | 2026/03/31 |
| 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 world class team 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 18 analysts. 13 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 |
|---|---|
| David Williams | Benchmark Company |
| Craig Ellis | B. Riley Securities, Inc. |
| Troy Jensen | Cantor Fitzgerald & Co. |