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    IONQ Inc (IONQ)

    Official site

    TECHNOLOGY • COMPUTER HARDWARE • NYSE

    $32.55
    +6.12 (+23.16%)

    Market Cap: $12.68B

    Last updated: Nov 06, 2026 at 4:58 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    43%(10/23)
    Avg Surprise
    -31.42%
    Streak
    1 Q

    Upcoming Estimates

    Period ending Dec 31, 2026
    EPS Consensus$-2.11
    Range$-2.82 - $-0.50
    6 analysts
    Revenue Consensus
    $198M
    Range$197M - $199M
    13 analysts
    Last 12 of 24 reported quarters and 1 upcoming estimate
    PeriodReportedEst.RangeSurpriseB/MAnalystsRevisionsYoY
    Dec 26EST
    		-$-2.11$-2.82 - $-0.50--6--
    Sep 26
    Reported Nov 5
    		$-0.67$-0.79$-0.87 - $-0.69+15.19%Beat5
    1
    3
    30d
    		+81.3%
    Jun 26
    Reported Aug 5
    		$-0.72$-0.59$-0.67 - $-0.50-22.03%Miss6
    1
    4
    30d
    		-414.3%
    Mar 26
    Reported May 6
    		$-0.34$-0.24$-0.33 - $-0.02-41.67%Miss6
    2
    2
    30d
    		-112.5%
    Dec 25
    Reported Feb 25
    		$1.93$-0.47$-0.59 - $-0.39+508.47%Beat3
    1
    0
    30d
    		+672.4%
    Sep 25
    Reported Nov 5
    		$-3.58$-0.44$-0.64 - $-0.35-713.64%Miss5
    0
    2
    30d
    		-1391.7%
    Jun 25
    Reported Aug 6
    		$-0.14$-0.14$-0.16 - $-0.12+0.00%Beat5
    1
    2
    30d
    		+22.2%
    Mar 25
    Reported May 7
    		$-0.16$-0.14$-0.15 - $-0.13-14.29%Miss4
    0
    4
    30d
    		+15.8%
    Dec 24
    Reported Feb 26
    		$-0.34$-0.12$-0.13 - $-0.11-185.76%Miss5
    1
    0
    30d
    		-68.6%
    Sep 24
    Reported Nov 6
    		$-0.24$-0.23$-0.24 - $-0.19-4.35%Miss4
    No revisions (30d)
    		-33.3%
    Jun 24
    Reported Aug 7
    		$-0.18$-0.22$-0.25 - $-0.19+18.18%Beat4
    No revisions (30d)
    		-28.6%
    Mar 24
    Reported May 8
    		$-0.19$-0.25$-0.27 - $-0.22+24.00%Beat3
    No revisions (30d)
    		-58.3%
    Dec 23
    Reported Feb 28
    		$-0.20$-0.20$-0.22 - $-0.17+0.00%Beat4
    No revisions (30d)
    		-122.2%

    Key Metrics

    Valuation
    P/E Ratio162.75EV/EBITDA56.47x
    Price/FCF-18.45xFCF Yield-5.42%
    Profitability
    Profit Margin0.00%Operating Margin-408.20%
    ROE-60.50%ROIC-0.67%
    Financial Health
    Debt/Equity0.01xInterest CoverageN/A
    Current Ratio4.24xQuick Ratio4.24x
    Trading Statistics
    Beta3.41Avg Volume24.11M
    52-Week High$73.6552-Week Low$24.91

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$30.46
    SMA 20$31.47
    SMA 50$36.92
    SMA 200$41.54
    EMA 10$30.49
    EMA 20$32.22
    EMA 50$35.96
    EMA 200$41.55

    MACD

    Line: -2.37Signal: -2.49Hist: 0.11

    ADX

    ADX: 33.8+DI: 17.5-DI: 28.2

    Aroon & PSAR

    Aroon Up8.0
    Aroon Down96.0
    PSAR$24.91

    Bollinger Bands

    Upper Band$35.88
    Lower Band$27.06
    %B Position2803%(Upper)
    Band Width0.62

    RSI (14-Day)

    Neutral
    48.3

    Momentum Oscillators

    Stoch %K45.7
    Stoch %D31.0
    Williams %R-9.1
    ROC (10d)4.1%
    Momentum1.28
    CCI (20d)-23.7
    MFI (14d)47.3

    Volatility Measures

    ATR (14d)$2.78(8.5%)
    StdDev (20d)2.21
    Hist Vol125.8%(High)

    Volume Flow

    VWAP$30.91
    OBV146.6M
    AD Line73.4M
    CMF (20d)0.017

    Volume Metrics

    Avg Vol (20d)24.7M
    Vol Ratio1.7x(High)
    VWMA (20d)$31.64

    Pivot Points

    R3$32.93
    R2$31.03
    R1$28.73
    Pivot Point$26.82
    S1$24.52
    S2$22.62
    S3$20.32

    Advanced Oscillators

    TSI-24.46
    Ultimate Osc55.9
    KST-216.69

    Financial Data

    QuarterSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023
    Total Revenue$173.83M$80.05M$64.67M$61.89M$39.87M$20.69M$7.57M$11.71M$12.40M$11.38M$7.58M$6.11M
    Cost of Revenue$0$60.11M$49.25M$-21,253,000$0$0$4.32M$14.08M$6.51M$0$0$8.11M
    Gross Profit$173.83M$19.94M$15.41M$83.14M$39.87M$20.69M$3.25M$-2,372,000$5.88M$11.38M$7.58M$-2,002,000
    Operating Expenses$606.91M$357.18M$286.92M$311.77M$208.68M$181.29M$78.93M$75.13M$59.02M$60.32M$60.46M$52.45M
    R&D$141.67M$160.63M$125.74M$96.09M$66.30M$103.36M$39.95M$40.08M$33.18M$31.20M$32.37M$31.62M
    SG&A$153.26M$117.57M$88.62M$90.67M$82.50M$48.11M$23.81M$29.66M$14.32M$13.05M$14.02M$15.28M
    Operating Income$-433,075,000$-337,243,000$-271,507,000$-228,631,000$-168,813,000$-160,592,000$-75,679,000$-77,503,000$-53,135,000$-48,941,000$-52,876,000$-54,448,000
    Interest Income$0$0$0$0$14.44M$0$0$0$0$0$4.80M$0
    Interest Expense$-17,529,000$-31,979,000$-28,234,000$0$-14,437,000$-7,138,000$-4,894,000$124.47M$-4,508,000$-4,801,000$0$0
    Income Before Tax$421.41M$-1,874,667,000$798.23M$728.40M$-1,060,050,000$-192,799,000$-32,240,000$-201,978,000$-52,480,000$-37,546,000$-39,584,000$-41,895,000
    Income Tax Expense$-141,702,000$-6,067,000$-6,382,000$-24,877,000$-4,438,000$-15,269,000$12,000$20,000$16,000$15,000$8,000$9,000
    Net Income$563.11M$-1,868,600,000$804.61M$753.27M$-1,054,955,000$-177,530,000$-32,252,000$-201,998,000$-52,496,000$-37,561,000$-39,592,000$-41,904,000
    EBITDA$531.52M$-1,860,559,000$813.12M$737.36M$-1,027,458,000$-189,321,000$-30,573,000$-202,333,000$-54,397,000$-40,527,000$-42,730,000$-46,055,000
    EBIT$403.88M$-1,906,646,000$769.99M$698.87M$-1,051,640,000$-199,937,000$-37,134,000$-206,119,000$-56,988,000$-42,347,000$-44,383,000$-47,102,000
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $500
    Gov Obligations / Revenue
    0.0%
    Obligations YoY
    N/A
    Active Awards
    1
    New Awards (TTM)
    1
    Avg Remaining Term
    112.8 mo

    Top agency: Department of Defense at 100.0% of trailing twelve month obligations across 1 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    HQ085926FG316Department of DefenseMissile Defense Agency$500Jan 21, 2026

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    IONQ Valuation and Fair Value

    P/E
    162.8x
    EV/EBITDA
    56.5x
    P/FCF
    -18.4x
    P/B
    2.5x
    See GNG's fair value

    IONQ Profitability: Margins, ROIC and FCF

    Gross margin
    76.8%
    Operating margin
    -408.2%
    Net margin
    0.0%
    ROIC
    -0.7%
    ROE
    -60.5%
    FCF margin
    -180.2%
    FCF yield
    -5.4%

    IONQ Competitors

    CompanyTicker
    CACI International IncCACI
    Jack Henry & Associates IncJKHY
    CommScope Holding Co IncCOMM
    Dynatrace Holdings LLCDT
    Bentley Systems IncBSY
    Trimble IncTRMB
    Guidewire Software IncGWRE
    Gartner IncIT

    Sector: Technology

    IONQ Analyst Ratings

    Consensus
    Buy
    Analysts
    14
    Strong Buy
    1
    Buy
    11
    Hold
    2
    Sell
    0
    Strong Sell
    0

    IONQ Bull Case vs Bear Case

    Bull case

    • IONQ grew quarterly revenue 286.8% year over year.
    • 85.7% of IONQ's analyst ratings are Buy or Strong Buy.

    Bear case

    • IONQ trades at 162.8x trailing earnings.
    • IONQ beat EPS estimates in 25.0% of its last 8 reported quarters.

    IONQ Earnings: Beat Rate and Next Report

    Beat rate
    2 of 8 quarters (25.0%)
    Average surprise
    -56.7%
    EPS estimate (fiscal period ending Dec 31, 2026)
    $-2.11

    IONQ Earnings Date

    IONQ reports Feb 23, 2027, after the close. The date is estimated.

    IONQ Earnings Call

    The latest IONQ earnings call transcript on file is labeled 2026Q2.

    Read the 2026Q2 transcript

    IONQ ETF Holders

    GNG tracks 18 ETFs that hold IONQ. The largest weights:

    1. WQTM, 5.35% of the fund
    2. State Street SPDR S&P Semiconductor ETF (XSD), 2.18% of the fund
    3. Fundstrat Granny Shots US Small & Mid-Cap ETF (GRNJ), 1.71% of the fund
    4. VanEck Social Sentiment ETF (BUZZ), 0.82% of the fund
    5. Defiance Quantum ETF (QTUM), 0.80% of the fund
    Open the ETF Stock Exposure tool for IONQ

    See insider activity

    Frequently Asked Questions About IONQ

    When does IONQ report earnings?

    IONQ Inc (IONQ) is expected to report earnings on Feb 23, 2027.

    Does IONQ pay dividends?

    IONQ Inc (IONQ) does not currently pay a regular dividend.

    What is IONQ's P/E ratio?

    IONQ Inc has a price-to-earnings (P/E) ratio of 162.75.

    What is IONQ's market cap?

    IONQ Inc (IONQ) has a market capitalization of $12.68B with a current stock price of $32.55.

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