Stocks · Technology · Computer Hardware
IonQ, Inc. IONQ
$42.97 -1.83% Close, Oct 5, 2026 · NYSE · Market cap $16.34B
Strong growth
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Revenue over the last four quarters was $246.5M, up 370.6% from a year earlier, accelerating from 334.6% a quarter earlier.
- Operating margin widened to -414.0% from -673.7% a year earlier.
- The diluted share count rose 46.5% in a year.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 2%
- Revenue growth, 3-year CAGRTop 2%
- Revenue growth accelerationTop 4%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 15%
- Gross marginBottom 29%
- Operating marginBottom 5%
- Accruals (lower is better)Top 24%
- Net debt / EBITDA (lower is better)Top 31%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 16%
- Free-cash-flow yieldBottom 18%
- EBITDA / enterprise valueTop 8%
- Sales / enterprise valueBottom 4%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 12%
- 6-month returnTop 30%
- 1-year return vs S&P 500Bottom 18%
- Distance from 52-week highBottom 23%
- Trend checklist (0–4)Bottom 38%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 10%
- Consecutive EPS beatsBottom 12%
- Share of analysts rating BuyBottom 29%
- Upside to consensus price targetTop 32%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 30%
- Maximum drawdown, 3 yearsBottom 37%
- Beta vs S&P 500 (lower is better)Bottom 3%
- Net debt / EBITDA (lower is better)Top 31%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 334.6% | 370.6% | ↑ |
| Gross margin | 21.0% | 36.3% | ↑ |
| Operating margin | -673.7% | -414.0% | ↑ |
| FCF margin | -305.2% | -196.3% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 370.6% | 334.6% | ↑ | Top 2% |
| Gross margin | 36.3% | 21.0% | ↑ | Bottom 29% |
| Operating margin | -414.0% | -673.7% | ↑ | Bottom 5% |
| Net margin | -573.6% | -885.2% | ↑ | — |
| Free-cash-flow margin | -196.3% | -305.2% | ↑ | — |
| Return on invested capital | -15.5% | — | Bottom 15% | |
| Revenue growth, 3-year CAGR | 126.9% | — | Top 2% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -14.2%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 169.1%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -68.8 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -0.65×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- -20.36%
- Shareholder yield
- -20.36%
- Share count change, 1 year
- +46.5%
- Share count change, 3-year CAGR
- +22.2%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 10, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 3 of 8
- Average EPS surprise, last 4
- +80.8%
- Average 2-day reaction, last 8
- +2.5%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $62.75
- Target vs current price
- +46.0%
- Analysts with a rating
- 6
- Share rating Buy or Strong Buy
- 50%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 5, 2026 | -13.8% | -4.3% | +4.1% | -9.4% | — |
| May 6, 2026 | +548.5% | +9.5% | +16.4% | +42.1% | -24.1% |
| Feb 25, 2026 | +502.1% | +6.2% | +17.2% | +3.4% | +65.9% |
| Nov 5, 2025 | -713.6% | +3.8% | +1.9% | -8.9% | -27.8% |
| Aug 6, 2025 | -438.5% | -1.9% | +2.3% | -2.5% | +45.4% |
| May 7, 2025 | +46.2% | -1.0% | +12.9% | +34.7% | +29.6% |
| Feb 26, 2025 | -304.3% | +0.7% | -24.8% | -14.1% | +12.8% |
| Nov 6, 2024 | -10.8% | +7.2% | +49.9% | +117.7% | +172.7% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 5, 2026 | -$0.33 | -$0.29 | -13.8% | $80.0M |
| May 6, 2026 | $2.07 | -$0.46 | +548.5% | $64.7M |
| Feb 25, 2026 | $1.93 | -$0.48 | +502.1% | $61.9M |
| Nov 5, 2025 | -$3.58 | -$0.44 | -713.6% | $39.9M |
| Aug 6, 2025 | -$0.70 | -$0.13 | -438.5% | $20.7M |
| May 7, 2025 | -$0.14 | -$0.26 | +46.2% | $7.6M |
| Feb 26, 2025 | -$0.93 | -$0.23 | -304.3% | $11.7M |
| Nov 6, 2024 | -$0.24 | -$0.22 | -10.8% | $12.4M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| EV / EBITDA | 8.3× | — | — | Top 8% |
| EV / Sales | 61.49× | — | — | Bottom 4% |
| Free-cash-flow yield | -2.96% | — | — | Bottom 18% |
| Earnings yield | -10.84% | — | — | Bottom 16% |
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 11
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -1.0%
- 200-day average slope (20 days)
- -1.8%
- Distance from 50-day average
- +5.3%
- Distance from 200-day average
- -1.1%
- RSI (14)
- 54.3
- Relative volume
- 0.66×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 75.7%
- Volatility vs own 5-year history
- 20th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 3.32
- Correlation with S&P 500
- 0.45
- Current drawdown from 1-year high
- -47.7%
- Maximum drawdown, 3 years
- -67.6%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 17, 2021 | Dec 27, 2022 | -90.0% | 278 days | 479 days (Nov 21, 2024) |
| Oct 13, 2025 | Mar 30, 2026 | -67.6% | 115 days | Not yet recovered |
| Jan 6, 2025 | Mar 10, 2025 | -64.2% | 42 days | 129 days (Sep 12, 2025) |
| Mar 1, 2021 | Oct 6, 2021 | -50.3% | 153 days | 17 days (Oct 29, 2021) |
| Dec 6, 2024 | Dec 11, 2024 | -21.4% | 3 days | 3 days (Dec 16, 2024) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $16.34B
- EPS, diluted (TTM)
- -$4.66
- Revenue (TTM)
- $246.5M
- 52-week range
- $25.89 – $84.64
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $2.1M | $11.1M | $22.0M | $43.1M | $130.0M |
| Gross profit | -$1.5M | $2.6M | $13.9M | $22.5M | $52.5M |
| Operating income | -$38.7M | -$85.7M | -$157.8M | -$232.5M | -$633.7M |
| Net income | -$106.2M | -$48.5M | -$157.8M | -$331.6M | -$510.4M |
| EPS (diluted) | -$0.55 | -$0.25 | -$0.78 | -$1.56 | -$1.82 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.4M | $11.7M | $7.6M | $20.7M | $39.9M | $61.9M | $64.7M | $80.0M |
| Net income | -$52.5M | -$202.0M | -$32.3M | -$176.8M | -$1.05B | $703.5M | $805.4M | -$1.87B |
| EPS (diluted) | -$0.24 | -$0.93 | -$0.14 | -$0.70 | -$3.58 | $1.93 | $2.07 | -$5.08 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$26.5M | -$44.7M | -$78.8M | -$105.7M | -$283.2M |
| Capital expenditure | -$10.0M | -$12.6M | -$19.5M | -$23.6M | -$16.4M |
| Free cash flow | -$36.6M | -$57.3M | -$98.4M | -$129.3M | -$299.6M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $0 | $0 | $0 | $41.4M | $3.31B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $2.12B
- Total assets
- $6.78B
- Total liabilities
- $3.44B
- Total debt
- $54.5M
- Net debt
- -$1.18B
- Shareholders’ equity
- $3.33B
As of Jun 30, 2026 (filed Aug 10, 2026).
Short interest
- Shares sold short
- 40,486,062
- Days to cover
- 2.19
- Change vs previous report
- -1.4%
FINRA short interest, settlement date Sep 15, 2026.