IonQ Inc

IonQ Inc

IONQ

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Market Cap$26.9B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
IonQ IncIonQ Inc93.3-6%--

Earnings Call Q1 2026

May 6, 2026 - AI Summary

Q1 2026 performance: record-breaking growth (strong “good” point) - GAAP revenue: $64.7M, +755% YoY, described as the biggest quarter in IonQ history and the 4th consecutive quarter of record results. - Organic growth expected to remain ~100% YoY for the full year (company framing), indicating confidence in continued demand. - Results exceeded revenue guidance by >30% and management emphasized the growth is “organic,” not just mix/one-offs.
Business mix & traction metrics: commercialization is accelerating (good + “surprising” depending on expectations) - Revenue composition: ~60% commercial customers; ~35% international (now sold in 30+ countries). - Introduced/spotlit metric: Multiproduct sales: >1/3 of Q1 revenue from customers buying more than one product family (compute/networking/sensing/security), supporting the “IonQ platform” go-to-market thesis. - RPO (remaining performance obligations): $470M as of Mar 31, 2026, up from ~$72M a year earlier (+554% YoY)—used as visibility/backlog proxy.
Raised outlook (key forecast numbers) - Full-year 2026 revenue guidance raised to $260M–$270M (high end previously lower per call context; specifically raised “to the high end”). - Even $260M (low end) is stated to double YoY. - Q2 2026 revenue guidance: $65M–$68M. - Adjusted EBITDA 2026 outlook reaffirmed: negative $310M to negative $330M. - Management expectation: 2026 is the transition from platform building blocks → platform execution at scale.

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$54.25

Target Price by Analysts

20.5% downsideIonQ Target Price DetailsTarget Price
$-19.22

Current Fair Value

128.2% downside

Overvalued by 128.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$26.90 Billion
Enterprise Value$26.49 Billion
Dividend Yield$- (-)
Earnings per Share$-1.82
Beta3.05
Outstanding Shares358,822,219

Return

Return on Equity5.57%ROE
Return on Assets4.14%
Return on Invested Capital-12.19%

Valuation & Multiples

P/E Ratio93.33P/E Ratio
PEG-3.59PEG
Price to Sales-Price to Sales
Price to Book Ratio5.25Price to Book Ratio
Enterprise Value to Revenue141.57
Enterprise Value to EBIT-33.28
Enterprise Value to Net Income95
Total Debt to Enterprise0
Debt to Equity0.02Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 13, 2026
EPS Estimate
$-0.45
Average shareholder expectation
Revenue Estimate
$49.73 M
Average shareholder expectation

Next Earnings Call

Expected Date
August 5, 2026
EPS Estimate
$-0.29
Average shareholder expectation
Revenue Estimate
$64.34 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.0643 25.41%
Total Calls16,577,897 33.72%
Total Puts17,643,550 7.95%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %58.04% 7.71%
Total Invested$5.79B 36.29%
Investors Holding696 37.00%

ESG Score

No data

About IonQ Inc

Relevant Senate Committees

Appropriations

This committee directly controls the allocation of federal discretionary spending. Subcommittees determine the specific funding for defense programs, scientific research, and other government initiatives that would procure or fund research relevant to IonQ's quantum computing technology.

Armed Services

Quantum computing has vast potential for military applications (e.g., secure communications, logistics optimization, advanced materials). This committee's oversight of the Department of Defense and authorization of the annual NDAA directly determines funding for defense contractors and emerging military technologies, making it highly relevant for IonQ.

Select Committee on Intelligence

Quantum computing has profound implications for national security, cryptography, and intelligence gathering. Committee members receive classified briefings on global threats and technological advancements, providing direct insight into government needs and procurements in areas where IonQ's technology is highly relevant.

Commerce, Science, and Transportation

This committee has broad jurisdiction over interstate commerce, science policy, and the technology sector. Quantum computing directly falls under 'science' and 'technology' and could be subject to regulations impacting data, privacy, or intellectual property within the broader tech industry.

Homeland Security and Governmental Affairs

As a leading quantum computing company, IonQ's technology is critical for national security and government modernization. This committee's oversight of federal procurement, DHS, and emerging risks like AI in financial markets provides a direct link to potential government contracts and strategic initiatives for IonQ.