IonQ Inc

IonQ Inc

IONQ

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Market Cap$13.12B
Close$

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P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
IonQ IncIonQ Inc-7.3--42%--

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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$62.33

Target Price by Analysts

99.3% upsideIonQ Target Price DetailsTarget Price
$-19.22

Current Fair Value

161.5% downside

Overvalued by 161.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$13.12 Billion
Enterprise Value$12.01 Billion
Dividend Yield$- (-)
Earnings per Share$-1.82
Beta3.36
Outstanding Shares367,660,636

Return

Return on Equity-42.49%ROE
Return on Assets-20.86%
Return on Invested Capital9.11%

Valuation & Multiples

P/E Ratio-7.29P/E Ratio
PEG-0.76PEG
Price to Sales-Price to Sales
Price to Book Ratio3.47Price to Book Ratio
Enterprise Value to Revenue48.74
Enterprise Value to EBIT20.12
Enterprise Value to Net Income-9
Total Debt to Enterprise0.01
Debt to Equity0.04Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
August 12, 2026
EPS Estimate
$-0.46
Average shareholder expectation
Revenue Estimate
$58.21 M
Average shareholder expectation

Next Earnings Call

Expected Date
November 4, 2026
EPS Estimate
$-0.34
Average shareholder expectation
Revenue Estimate
$141.20 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0973▼ 81.44%
Total Calls113,100▼ 99.53%
Total Puts11,000▼ 99.95%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %0.99%▼ 53.03%
Total Invested$159.50M▼ 98.49%
Investors Holding173▼ 692.00%

ESG Score

No data

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...