NYSE · IONQ
IonQ, Inc.
Technology · Computer Hardware
$30.76▼ 1.63% ($0.51)at close
After hours$31.03▲ 0.88%7:58 PM ET
Market cap
$13.21B
P/E
N/M
EPS (TTM)
-$3.85
Recent acquisition on record
Event dated Mar 20, 2026IonQ, Inc. has a recent acquisition record for SkyWater Technology, Inc.. Reported results and multi-period comparisons may mix pre- and post-transaction periods, so review the reference filing before leaning on valuation outputs.
Open reference filingValuation
Revenue & margin DCF
A cash-flow estimate wouldn't be reliable here
9 of 10 projected years produce negative free cash flow, so the model returns a negative enterprise value. A discounted-cash-flow valuation cannot be defended on those inputs, so it is not shown.
Reported operating earnings and the comparable cash-flow estimate differ substantially; the model retains the reported-margin anchor.
Data notes
Reported operating earnings and the comparable cash-flow estimate differ substantially; the model retains the reported-margin anchor.
- 10-yr revenue CAGR
- 19.6%
- Ending operating margin
- 0.0%
- Discount rate
- 15.5%
USD · TTM ending Jun 30, 2026 · Price used $30.76 · Price Oct 26, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 51.02% over the last year. Revenue grew 370.64% over the trailing twelve months. Operating margin moved from -673.69% to -413.96%. Free cash flow declined 202.7% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.
What would invalidate this read
This read changes if operating margin (currently -413.96%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Return analysis
Company profile
IonQ, Inc. specializes in the creation of advanced, general-purpose quantum computing systems.
Market multiples
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Analyst consensus
8
Buy
4
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Actuals vs estimates by quarter, or any quarter against the same one a year earlier.
Next report
Nov 5, 2026
Q3 FY26 · EPS est -$0.34 · Revenue est $141.2M
Q2 FY26
Reported Aug 5, 2026 · Latest
HoverTap a quarter to inspect
Actual
-$0.33
Estimate
-$0.29
Year over year
n/m
Vs prior quarter
-115.9%
2 beats · 2 misses in the last 4 quarters
Institutional Sentiment
IonQ, Inc. · IONQ
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.