Ionq, Inc. (IONQ)
NYSE:IONQ
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IONQ Stock Chart & Stats
$46.09
-$22.12(-44.60%)
At close: 4:00 PM EST
$46.09
-$22.12(-44.60%)
Day’s Range― - ―
52-Week Range$25.89 - $84.64
Previous CloseN/A
Volume85.05M
Average Volume (3M)33.62M
Market Cap
$26.65B
Enterprise Value$26.44B
Total Cash (Recent Filing)$2.03B
Total Debt (Recent Filing)$30.44M
Price to Earnings (P/E)88.4
Beta2.96
Next Earnings
Aug 12, 2026EPS Estimate
-0.54Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.09
Shares Outstanding373,269,960
10 Day Avg. Volume34,042,006
30 Day Avg. Volume33,617,099
Financial Highlights & Ratios
PEG Ratio-1.48
Price to Book (P/B)3.31
Price to Sales (P/S)96.75
P/FCF Ratio-41.99
Enterprise Value/Market Cap0.99
Enterprise Value/Revenue141.29
Enterprise Value/Gross Profit371.06
Enterprise Value/Ebitda-39.03
Forecast
1Y Price Target
$62.79Price Target Upside36.22% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)-0.35
Revenue Forecast (FY)$263.34M
Bulls Say, Bears Say
Bulls Say
Strong Balance Sheet & LiquidityWith $3.1B in cash and investments and extremely low leverage (debt-to-equity ~0.6%), IonQ has durable financial flexibility to fund multi‑quarter R&D, manufacturing expansion and strategic deals without immediate reliance on dilutive capital, supporting execution over the next several quarters.
Large Backlog & Revenue VisibilityA $470M RPO backlog (+554% YoY) and raised FY26 revenue guide ($260–$270M) provide meaningful multi‑period revenue visibility. This contracted demand smooths near‑term revenue risk, supports capacity investments, and increases the probability that growth converts into sustained commercial scale.
Validated Technical Performance & Ecosystem TractionIndependent benchmarks and reported high fidelity, along with presold 256‑qubit systems and commercial partnerships, indicate structural technical differentiation. Durable performance validation accelerates enterprise adoption, supports cross‑sell, and strengthens IonQ's competitive moat in trapped‑ion quantum hardware and software integration.
Bears Say
Persistent Cash Burn & Negative Free Cash FlowConsistent negative operating cash flow (TTM ≈ -$401M) and FCF (≈ -$425M) show core operations still consume cash. Even with strong backlog, ongoing cash burn implies continued financing needs or rapid RPO conversion to cash, posing a structural funding risk across multiple quarters if conversion stalls.
Large Operating Losses & High R&D IntensityMaterial adjusted EBITDA losses and R&D run‑rate (Q1 R&D $125.7M vs Q1 revenue $64.7M) indicate the business is investing far ahead of sustainable margins. Persistent operating losses suggest a multi‑period path to profitability even as revenue grows, pressuring operating leverage and cash conversion.
Regulatory & Execution Risk From SkyWater DealAn extended FTC review of the SkyWater merger creates regulatory uncertainty that could delay IonQ's plan to internalize manufacturing. Combined with documented capacity constraints and accelerated hiring, this risks slowing production scale‑up, raising integration costs, and postponing expected margin and supply benefits.
IonQ News
IONQ FAQ
What was Ionq, Inc.’s price range in the past 12 months?
Ionq, Inc. lowest stock price was $25.89 and its highest was $84.64 in the past 12 months.
What is Ionq, Inc.’s market cap?
Ionq, Inc.’s market cap is $26.65B.
When is Ionq, Inc.’s upcoming earnings report date?
Ionq, Inc.’s upcoming earnings report date is Aug 12, 2026 which is in 68 days.
How were Ionq, Inc.’s earnings last quarter?
Ionq, Inc. released its earnings results on May 06, 2026. The company reported $2.07 earnings per share for the quarter, beating the consensus estimate of -$0.462 by $2.532.
Is Ionq, Inc. overvalued?
According to Wall Street analysts Ionq, Inc.’s price is currently Undervalued.
Does Ionq, Inc. pay dividends?
Ionq, Inc. does not currently pay dividends.
What is Ionq, Inc.’s EPS estimate?
Ionq, Inc.’s EPS estimate is -0.54.
How many shares outstanding does Ionq, Inc. have?
Ionq, Inc. has 373,269,960 shares outstanding.
What happened to Ionq, Inc.’s price movement after its last earnings report?
Ionq, Inc. reported an EPS of $2.07 in its last earnings report, beating expectations of -$0.462. Following the earnings report the stock price went down -9.302%.
Which hedge fund is a major shareholder of Ionq, Inc.?
Currently, no hedge funds are holding shares in IONQ
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
IonQ Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$62.79 (36.22% Upside)
$62.79 (36.22% Upside)
Blogger Sentiment
Bullish
IONQ Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 25.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $93.4K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.8%
Last 30 Days ▲ 6.4%
Last 30 Days ▲ 6.4%
News Sentiment
Bullish
Bullish news 78%
Bearish news 22%
Bearish news 22%
Technicals
SMA
Positive
20 days / 200 days
Momentum
71.38%
12-Months-Change
Fundamentals
Return on Equity
9.08%
Trailing 12-Months
Asset Growth
687.43%
Trailing 12-Months
Company Description
Ionq, Inc.
IonQ, Inc. engages in the development of general-purpose quantum computing systems. It sells access to quantum computers with 20 qubits. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services' (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service. IonQ, Inc. was founded in 2015 and is headquartered in College Park, Maryland.
IONQ Company Deck
IONQ Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and commercial picture: record revenue, massive YoY growth, materially increased RPO/backlog, expanded commercial and international traction, large cash reserves, and clear technical milestones (256‑qubit presale, tapeouts, validated benchmarks, published fault‑tolerance blueprint). Offsetting factors are sizable near‑term losses (adjusted EBITDA negative), very high R&D spend, some gross‑margin pressure and one‑time expenses tied to the SkyWater arrangement, and execution/regulatory risks around scaling and the SkyWater acquisition. On balance, the scale of revenue, backlog, cash runway, and technical/commercial momentum outweigh the near‑term profitability and execution challenges.View all IONQ earnings summariesIONQ Stock 12 Month Forecast
Average Price Target
$62.79
▲(36.22% Upside)
Technical Analysis
Ownership Overview
1.01% Insiders
13.66% Mutual Funds
10.76% Other Institutional Investors
59.14% Public Companies and Individual Investors