IonQ Inc
IONQ - Insider Information
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+ FollowMarket Cap$10.86B
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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 $330M.
- Management expectation: 2026 is the transition from platform building blocks → platform execution at scale.
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$-19.22
165.1% downside
Current Fair Value
165.1% downsideOvervalued by 165.1% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $10.86 Billion |
|---|---|
| Enterprise Value | $9.75 Billion |
| Earnings per Share | $-1.82 |
| Beta | 3.36 |
| Outstanding Shares | 367,660,636 |
Return
| Return on Equity | -42.49% |
|---|---|
| Return on Assets | -20.86% |
| Return on Invested Capital | 9.11% |
Valuation & Multiples
| P/E Ratio | -7 |
|---|---|
| PEG | -0.73 |
| Price to Sales | - |
| Price to Book Ratio | 3.28 |
| Enterprise Value to Revenue | 39.56 |
| Enterprise Value to EBIT | 16.33 |
| Enterprise Value to Net Income | -7 |
| Total Debt to Enterprise | 0.01 |
| Debt to Equity | 0.04 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 4, 2026
EPS Estimate
$-0.34
Consensus analyst estimateRevenue Estimate
$141.20 M
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.10, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0956▼ 81.60% |
|---|---|
| Total Calls | 115,100▼ 99.52% |
| Total Puts | 11,000▼ 99.95% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 1.96%▼ 52.07% |
|---|---|
| Total Invested | $314.08M▼ 97.03% |
| Investors Holding | 264▼ 604.00% |
About IonQ Inc
1,132 employees
CEO: Niccolo Mcleod De Masi
These warrants, identified by the ticker IONQ-WT, originate from IonQ, Inc., a pioneering firm in the quantum computing sector. IonQ, the underlying enterprise, specializes in the creation and manufacturing of cutting-edge trapped-ion qu...