IONQ IonQ Inc.
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Daily prices, adjusted for splits. P/E and P/S value each day on the results published by then; a gap in P/E means the trailing year had no profit.
Computer Hardware · College Park, MD · 1,132 employees · ionq.com
IonQ builds quantum computing systems and sells access to its machines directly and via major cloud providers. The company also generates revenue from custom hardware development contracts, maintenance and algorithm consulting, and semiconductor fabrication services.
Bull case
Current measurements do not make a distinctive case for the business, though top-line growth has accelerated, an expansion that includes acquired businesses.
- Trades at the 10th percentile of its own valuation history.
- Annual revenue growth rose from +68% to +371%, including acquired businesses.
Bear case
The business experiences significant cash burn after accounting for stock-based pay. It also carries high levels of stock compensation relative to its revenue.
- Burns cash after stock pay (-382% of revenue).
- Stock pay equals 186% of revenue.
- The share price trend is still falling.
Features
- V-DEEP-VALUE Deep value The price is 50% below its own-history reference value.
- V-ACCELERATING Growth accelerating Annual revenue growth rose from +68% to +371%, including acquired businesses. Shared by most companies we track
- G-AGENCY Heavy stock pay Stock pay equals 186% of revenue.
- F-UPSIDE Analyst upside Analysts' average target is 67% above the price.
AI impact
AI is not material to it Not material
The company develops quantum computing systems and processors. The reports do not show an advantage or risk from artificial intelligence.
Assessed by AI from the company's own annual report filed 25 Feb 2026 and quarterly report filed 10 Aug 2026. A reading of the business, not a forecast or a recommendation.
Valuation position
IONQ is at the 10th percentile of its own valuation history. Depending on how far back you look, it ranges from the 10th to the 14th percentile. This is a relative measurement, not a price target or recommendation, and it assumes the business is still the one its history describes.
Price ladder
The measured price sits in the Discount zone. These are reference zones, not buy instructions or forecasts that the prices will be reached.
Trend gate active: the price is still falling through this zone.
This ladder rests on the company's own valuation history alone: there are too few comparable companies to cross-check it, so treat its zones as less certain.
Quality versus peers
Each dimension is shown on its own; they are not combined into a score.
Current analyst snapshot
Shown for reference only; not used in any measurement.
What would have to break
- Not triggered — Revenue decline
- Not available — Margin break
- Not available — Cash burn with rising debt
- Not triggered — Heavy dilution
- Not triggered — Warning language in filings
News
No recent brief on this company.