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NYSE: IONQ
IonQ, Inc.
Technology · Computer Hardware
Market Cap
$10.94B
52w High
$84.64
52w Low
$18.81
P/E
-18.41
Volume
17.61M
Outstanding Shares
366.64M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveModerate confidence
1Y Price: 20.32%Revenue (TTM): 201.85%FCF (TTM): -133.5%
What changed
The stock rose 20.32% over the last year. Revenue grew 201.85% over the trailing twelve months. Operating margin moved from -536.19% to -487.41%. Free cash flow declined 133.5% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum. The operating data is doing enough work that the move does not need an overvaluation story to explain it.
What would invalidate this read
Operating margin is at -487.41%. Revenue grew 201.85% — this thesis depends on that trajectory holding. Despite the price move, free cash flow fell 133.5%, which is worth watching as a leading indicator of future pressure. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
IonQ, Inc. engages in the development of general-purpose quantum computing systems.
CEONiccolo Mcleod de Masi
SectorTechnology
IndustryComputer Hardware
Employees407
IPO dateJan 4, 2021
Valuation
Forward P/E—
EV/EBITDA-24.39
Enterprise value$11.58B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth428.52%
Gross margin40.4%▲355.31%vs FY2024
Operating margin-487.41%▲9.10%vs FY2024
ROE-13.43%▲84.45%vs FY2024
Analyst consensus
RatingBuy
Target price$68.14▲128.35%
3
Buy
3
Hold
0
Sell
⚠ Analyst ratings tend to be lagging indicators — upgrades often follow price gains rather than precede them. Use as one signal among many.
Earnings
Last 3 reported quarters plus the next estimate. Switch into compare mode to inspect one metric year-over-year.
Next report
May 6, 2026
View
EPS
Actual vs estimate by quarter
Q3FY25
ActualEst.
-$0.70
-$0.13
Q4FY25
ActualEst.
-$3.58
-$0.44
Q1FY26
ActualEst.
$1.93
-$0.48
Q2FY26
Next Est.
—
Revenue
Actual vs estimate by quarter
Q3FY25
ActualEst.
$20.69M
$17.23M
Q4FY25
ActualEst.
$39.87M
$26.99M
Q1FY26
ActualEst.
$61.89M
$40.38M
Q2FY26
Next Est.
—