IonQ, Inc. IONQ

NYSE | Technology | Quantum computing
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Updated: 9 Sep 2026 Base analysis: 6 Aug 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Clear

Existing position can be maintained; potential additions may be considered on weakness ahead of Investor Day.

Strong growth, solid cash position and technical progress support the HOLD signal despite high valuation.

Market sentiment Positive ↑
Trend: Improving

The market reacts positively to record growth and the acquisition, with increased activity on Reddit and X.

Risk assessment High
Dilution: Low Strong cash position provides long runway without new issuance.
Jurisdiction: Low Primary operations in the USA.
Execution: Medium Technical scaling of quantum computers is complex.
Cash flow: 36 mo

HOLD is the call. Positive is the market mood. High risk means a lot can go wrong.

About the company

IonQ develops and sells trapped-ion quantum computers and cloud-based quantum solutions. The company provides platforms for computing, networking and security through partnerships with AWS, Azure and Cloud. Operations are in a high-growth phase focused on technical scaling and vertical integration.

Sector: Quantum computing
Type: Tech
Next report (Q3)
15 Nov 2026
Catalysts
◐
Nov 2026
Q3 2026 report High
Bull case

Strong revenue growth and completed SkyWater acquisition drive momentum ahead of upcoming reports.

Bear case

High valuation and continued large operating losses create risk of correction on missed milestones.

Sensitivity analysis
Factor If it weakens If it strengthens
Revenue growth and backlog Lower than expected growth → delays in commercial validation and higher burn rate. Continued strong growth → faster path to profitability and higher valuation.
SkyWater integration Integration issues → higher costs and delays in production capacity. Successful integration → lower costs and broader product offering.
Why this signal

Strong growth, solid cash position and technical progress support the HOLD signal despite high valuation.

Recent news
  • Investor Day on 8 September presented the Superion product line with 256-qubit systems manufactured at SkyWater, raised full-year revenue guidance to 450–460 MUSD and announced an 8.18 MUSD Congruity360 partnership plus an end-to-end blueprint to break 256-bit elliptic curve signatures.

Key figures

Revenue
Q2 2026
USD 80.1M
Revenue TTM
FY 2026
USD 280M
EBITDA
Q1 2026
USD -96.8M
Net income
Q1 2026
USD 805M
Cash
Q2 2026
USD 2.0B
Total debt
Q1 2026
USD 30.0M
Gross margin
Q1 2026
23.8%
Shares outstanding
Q2 2026
373M
EPS
Q1 2026
USD 2.16
Exchange
NYSE
Type
Technology
Sector
Quantum computing
IonQ, Inc. IONQ
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.