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IONQ

IonQ, Inc.

IONQ

NYSE·Technology·Computer Hardware·Mkt cap $19.2B

$48.53

-5.58%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$25.89 - $84.64

P/E

-441.18

Fwd P/E

-25.76

Beta

3.18

Div Yield

0.00%

Avg Vol

32.4M

Shares Out

366.6M

Mkt Cap

$19.2B

Price action

Price chart

Up 14.9% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Advanced quantum hardware design
  • Multi-platform cloud accessibility
  • Strategic technology partnerships
  • Proprietary quantum computing architecture

Bear Case

2 risks

  • Very high volatility (beta 3.2). Expect 3x market swings. Position size accordingly.
  • Growth premium of 0.0x vs Quantum Computing peers. Reasonable for this growth rate.

Growth

Stable outlook

Increasing quantum computing adoption

Value

Growth premium of 0.0x vs Quantum Computing peers. Reasonable for this growth rate.

Momentum

Hot

+75.4% over 3m

Quality

Stable

High-growth business (335% revenue growth, 38% gross margin). Profitable with strong growth momentum.

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 5, 2026

Q2 26 RECAP

MAY 6, 2026

Reported EPS of -$0.38 vs -$0.26 consensus (-46.1% surprise). Revenue of $64.7M vs $49.8M expected (+30.0%).

EPS miss
Rev beat +30.0%

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-46.1%

Next: May 5, 2026

Revenue trend · last 8Q

+92%

-0%

+82%

+222%

+429%

+755%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$11.4M

$12.4M

$11.7M

$7.6M

$20.7M

$39.9M

$61.9M

$64.7M

Margins · last 8Q

Gross

Profit

1245.4%

Wall Street consensus

2 analysts · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

2

100%

Hold

0%

Sell

0%

Median Price Target

$55.00

+13.3% vs $48.53

Low $48.50
Median $55.00
High $85.00

Latest: Benchmark · Jun 24, 2026

3 analysts covering

vs Industry

How IONQ stacks vs Computer Hardware

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.