IONQ · IonQ, Inc.
Quantum Computing — trapped-ion (full-stack, vertically integrating)
IONQ·Quantum Computing — trapped-ion (full-stack, vertically integrating)
IonQ, Inc.

IonQ, Inc.

ConvictionWeak

Quantum-compute-as-a-service (cloud QPU access) + on-prem system sales + government/enterprise R&D contracts; pre-profit, capital-markets-funded

Revenue
$130.0M FY25$260–270M FY26 guide (raised
Rev growth
+202% FY25+755% YoY Q1 FY26
Gross margin
not disclosedin Q1 FY26 release (FY25 GAAP gross margin ~50–60% range per system/contract mix; company does not headline a single GM figure
Op margin
deeply negative — Q1 FY26 operating loss ~$271.5MFY25 net loss $510.4M
Capex intensity
high and rising — building data-center-grade systems + acquiring foundry capacitySkyWater
Market cap
~$18.9BJun 25, 2026

Price · 1-year trend

real · weekly
$49+23% 1yUSD
52-week range
$28 – $73
52w lowas of 2026-06-28 · Yahoo Finance52w high
The read

Where our coverage leans

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Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.

  • Income statement & margin structure
  • SWOT, moats & dependency map
  • Supplier–customer ecosystem graph
  • Signals, trends & valuation range
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Not investment advice — analyst work product for a qualified professional.· intel vintage Q2 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence
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