Companies/Technology/Quantum computing hardware, cloud services and quantum networking

IonQ

IONQ · NYSEEarnings Nov 5 (est.)College Park, Maryland1.1K employeesWebsite ↗
35.14▼ 3.44%Pooled price · full market data →

What matters nowUpdated 7 h ago

  • On October 13, 2026, IonQ filed a Form 8-K covering a material definitive agreement, an unregistered sale of equity securities and a Regulation FD disclosure, for an event dated October 9, 2026 1.
  • The stock has been volatile: the pooled 24/7 venue price was $34.75 at 16:00 UTC on October 13, down 4.52% on the day, after falls of 9.52% on October 12 and 5.37% on October 8, and a 7.65% drop on September 23 that was followed by a 5.61% gain on September 24.
  • Fiscal Q2 2026 revenue was $80.0 million, up 287% from a year earlier ·, as reported in the 10-Q for the quarter ended June 30, 2026 3. Trailing-twelve-month revenue was $246.5 million, up 370.6%, with an operating margin of -408.2% and free cash flow of -$483.9 million.
  • The market capitalisation is $13.24 billion and price-to-sales is 53.7x. Over the past 180 days insiders made six sales totalling 18,009 shares worth $903,303, all under planned trading arrangements, and made no purchases.
  • The fiscal Q3 2026 results are estimated for November 5, 2026, not yet confirmed, and fourth-quarter and full-year 2026 results are estimated for February 24, 2027. The September CPI release is due October 14, 2026 at 12:30 UTC, and Polymarket odds give 81.5% for no change in Fed rates after the October 2026 meeting and 17.5% for a 25 bp increase.
[1]
IonQ files 8-K: Material Agreement, Unregistered Equity Sale, Regulation FD Disclosure
SEC EDGAR · Oct 13
[3]
IonQ files quarterly report (10-Q) for the period ended Jun 30, 2026
SEC EDGAR · Aug 10

IonQ builds trapped-ion quantum computers and sells them to governments, universities and companies. It also rents access to its machines through the cloud and sells quantum networking, quantum sensing and space-data products. In 2026 it bought SkyWater Technology, a U.S. chip maker, to add foundry and packaging capacity. The company is based in College Park, Maryland.

How it makes money

IonQ earns money from selling quantum computers, from multi-year cloud and service contracts, and from networking, sensing and space-data products. Commercial customers made up about 60% of FY2025 revenue and international customers more than 30%. System sales are large and lumpy, so quarterly revenue can swing sharply. FY2025 revenue was $130.0 million, up 202%. Q2 2026 revenue was $80.1 million, up 287%.

Last 12 monthsChart & venues →

33.7652.1370.50IonQ to acquire zero-trust security firm Elisity in all-stock deal valued up to $1.3 billion1IonQ advances to final stage of DARPA's Quantum Benchmarking Initiative, worth up to $300 million2IonQ launches Superion 256, a 256-qubit sixth-generation system open for orders3IonQ raises 2026 revenue guidance to $450 million to $460 million, including SkyWater4IonQ second-quarter revenue of $80.1 million rises 287%; cash position $3.0 billion5IonQ completes acquisition of SkyWater Technology, making it a wholly owned subsidiary6IonQ first-quarter revenue rises 755% to $64.7 million and full-year guidance is raised7Apr 21Jun 4Jul 17Aug 30Oct 12
Numbered dots: the stories that mattered. Click one.

Valuation & fundamentalsFull financials →

Market cap$13.39Bpooled price × shares
Enterprise value$13.39B+ net debt —
P/E (TTM)—EPS $-3.52
EV / EBITDA—EBITDA −$852.2M
P / Sales54.3×EV/Sales 54.3×
P / Book4.0×equity $3.33B
FCF yield-3.6%FCF −$483.9M
Shareholder yield—div — · buyback —
Revenue (TTM)$246.5M370.6% YoY
Last quarter revenue286.8%growth YoY
EPS growth (TTM)—last Q —
Gross margin—operating -408.2%
Net margin-553.3%EBITDA -345.7%
ROE-60.8%on average equity
Cash$1.24Bdebt —
Shares out381.0Mdiluted 367.7M

TTM through 2026-06-30 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price. Quarterly statements →

Biggest businessesAll products & projects →

launchedproduct line

Quantum computers (Tempo line)

Selling trapped-ion systems; fifth-generation 100-qubit system sold to KISTI in Korea.

Fifth-generation 100-qubit systems sold · FY2025
1 (KISTI, Korea)
QuantumBasel agreement value · FY2025
over $60 million over four years
launchedservice

Quantum cloud services (QCaaS)

Recurring cloud access to IonQ systems; contracted backlog grew sharply in Q2 2026.

Remaining performance obligations, year over year · Q2 2026
up 297%
launchedproduct line

Quantum networking (ID Quantique)

National quantum networks live in Switzerland, Slovakia and Romania.

National quantum networks deployed · FY2025
3 countries (Switzerland, Slovakia, Romania)
launchedproduct line

Quantum sensing and space

84 optical communications terminals on orbit, with commercial radar imagery data sold.

On-orbit optical communications terminals · Q2 2026
84

Latest newsAll news →

IonQ to acquire zero-trust security firm Elisity in all-stock deal valued up to $1.3 billion

IonQ agreed to acquire Elisity, a zero-trust security company, in an all-stock deal valued at up to $1.3 billion, including up to $150 million in performance earnouts.

M&A

IonQ reports quantum memory-enhanced interconnect at over 1,000 entanglement events per second

IonQ reported a photonic link between a trapped-ion system and a silicon-vacancy quantum memory that produced more than 1,000 entanglement events per second.

Project

IonQ advances to final stage of DARPA's Quantum Benchmarking Initiative, worth up to $300 million

IonQ advanced to Stage C of DARPA's Quantum Benchmarking Initiative.

Regulation

Florida International University selects IonQ Superion 256 as flagship deployment

Florida International University contracted for an IonQ Superion 256 system, the first Superion 256 sale and deployment in Florida.

Product

IonQ to install first on-premise quantum computer at NVIDIA's Accelerated Quantum Research Center

IonQ will install a Superion 256 system as the first on-premise quantum processor at NVIDIA's Accelerated Quantum Research Center.

Deal

IonQ and SDT form strategic partnership to bring quantum computers and networking to Asia-Pacific

IonQ signed a multi-year strategic partnership with SDT, a South Korea-based quantum company, under which IonQ will supply SDT with a Superion 256 system and its silicon-vacancy quantum memory module.

Deal