IONQ-66%
IonQ, Inc.
Trapped-ion quantum computing company and the sector’s revenue leader. Acquired the SkyWater foundry in July 2026.
Quantum computing · Target $15.00Latest: Earnings review, Oct 21, 2026
Theme
Quantum computing stocks
Companies building quantum computers and selling access to them. We separate organic revenue from acquisitions and ask how much cash each step towards fault tolerance needs.
- Companies covered
- 1
- Our ratings
- Buy 0Hold 0Sell 1
- Median implied return
- -66%
- Latest research
- Oct 21, 2026
Companies
By implied returnLatest research
IonQ 3Q26: more than half of the beat is the foundry, and the guide raise needs a big fourth quarter
Revenue of $171.4m beat our estimate, but $91.8m came from SkyWater and IonQ-only revenue was flat on the quarter. Gross margin fell again. Sell and $15 target unchanged. Sample update with illustrative figures and sources.
IonQ: the quantum revenue leader, priced as if the fault-tolerant win is already banked
Revenue rose 287% to $80.1m in Q2 2026, but growth is being bought at falling margins and the price sits above even our $37 bull value. We initiate at Sell with a $15 target.