IonQ, Inc. IONQ
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Full analysis: 6 Aug 2026
Latest news check: 7 Jun 2026
General analysis — not personal advice.
HOLD
7/10
Confidence
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 elevated valuation.
Market sentiment
7/10
↑
Trend: Improving
The market reacts positively to record growth and the acquisition, with increased activity on Reddit and X.
Price context
The stock trades at 41.72 USD after +16.6 % in one week but sits 49 % below its 52-week high, reflecting recovering momentum without the price fully discounting long-term leadership.
Risk assessment
7/10
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
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
15 Nov 2026
Q3
Catalysts
8 Sep 2026
IonQ Investor Day 2026
High
Nov 2026
Q3 2026 report
High
Horizon:
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. |
We monitor these factors. Follow the company to get email when any of them hit.
Signal rationale (informational)
Strong growth, solid cash position and technical progress support the HOLD signal despite elevated valuation.
Recent news
- Q2 report showed 80.1 MUSD in revenue with raised full-year guidance. The SkyWater Technology acquisition was completed and a new 28 MUSD DARPA contract was announced.
Key figures
Revenue
Q2 2026
USD 80.1M
Revenue TTM
TTM
USD 187M
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
Price & valuation
Last close
USD 42.53
Market Cap
USD 15.9B
1 week
+6.5 %
3 months
-23.0 %
12 months
-1.1 %
From 52w high
-48.2 %
From 52w low
+59.9 %
Exchange
NYSE
Type
Technology
Sector
Quantum computing
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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.