IONQ Stock Analysis: IONQ | NYSE
Computer Hardware | NYSE, USA | Market Cap: 18.335m USD | 12M Return: -6.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 1.12B
Qual. Beats: 2
Rev. Trend: 96.6%
Qual. Beats: 4
Warnings
Tailwinds
No distinct edge detected
Seasonality 5.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
IonQ, Inc. is a quantum computing company that develops and provides access to quantum computer systems across the United States, Switzerland, and international markets. The company sells access to quantum computers of varying qubit capacities and distributes this access through major public cloud platforms, including Amazon Web Services (AWS) Braket, Microsoft Azure Quantum, Google Cloud Marketplace, and its own cloud service, reflecting a Quantum-as-a-Service (QaaS) business model common in the cloud-computing sector.
In addition to its core quantum computing operations, IonQ engages in quantum-safe communications and quantum detection systems. It also generates revenue through contracts for the design, construction, and sale of specialized quantum hardware, as well as maintenance, support, and consulting services for clients co-developing algorithms on its platforms. The company holds a collaboration agreement with the University of Chicago and is headquartered in College Park, Maryland, having been founded in 2015.
IonQ is classified under the Information Technology sector and the Technology Hardware, Storage & Peripherals sub-industry. It trades on the NYSE as a large-cap stock following its 2021 IPO and operates in the broader technology hardware industry, where high capital intensity and long development cycles are typical characteristics of firms working on advanced computing hardware.
- AWS, Azure, Google Cloud partnerships expand quantum access revenue
- Quantum hardware contract wins boost enterprise and defense backlog
- Capital raises and cash burn risk shareholder dilution
| Net Income: 277.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.06 > 0.02 and ΔFCF/TA 10.16 > 1.0 |
| NWC/Revenue: 1.14k% < 20% (prev 1.37k%; Δ -223.9% < -1%) |
| CFO/TA -0.06 > 3% & CFO -401.2m > Net Income 277.1m |
| Net Debt (-2.00b) to EBITDA (392.3m): -5.11 < 3 |
| Current Ratio: 14.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (371.2m) vs 12m ago 62.28% < -2% |
| Gross Margin: 38.08% > 18% (prev 24.83%; Δ 13.24% > 0.5%) |
| Asset Turnover: 4.96% > 50% (prev 5.07%; Δ -0.10% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.32 (Total Current Assets 2.30b - Total Current Liabilities 163.9m) / Total Assets 6.69b |
| B: -0.06 (Retained Earnings -388.7m / Total Assets 6.69b) |
| C: 0.07 (EBIT TTM 273.8m / Avg Total Assets 3.77b) |
| D: 2.92 (Book Value of Equity 4.98b / Total Liabilities 1.70b) |
| Altman-Z'' = 5.46 = AAA |
| DSRI: 1.98 (Receivables 117.2m/13.6m, Revenue 187.1m/43.1m) |
| GMI: 0.65 (GM 24.83% / 38.08%) |
| AQI: 3.53 (AQ_t 0.63 / AQ_t-1 0.18) |
| SGI: 4.35 (Revenue 187.1m / 43.1m) |
| TATA: 0.10 (NI 277.1m - CFO -401.2m) / TA 6.69b) |
| Beneish M = 1.38 (Cap -4..+1) = D |
As of July 11, 2026, the stock is trading at USD 42.86 with a total of 14,434,112 shares traded. Over the past week, the price has changed by -12.74%, over one month by -24.32%, over three months by +48.87% and over the past year by -6.68%.
Current recommended Stop Loss: 37.20 (which is 13.2% or 1.3 ATR below the current price).
IONQ has received a consensus analysts rating of 4.40. Therefore, it is recommended to buy IONQ.
- StrongBuy: 3
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 68.8 | 60.5% |
P/E Trailing = 125.9487
P/S = 97.9864
P/B = 3.8557
Revenue TTM = 187.1m USD
EBIT TTM = 273.8m USD
EBITDA TTM = 392.3m USD
Long Term Debt = 21.3m USD (estimated: total debt 30.4m - short term 9.16m)
Short Term Debt = 9.16m USD (from shortTermDebt, last quarter)
Debt = 30.4m USD (from shortLongTermDebtTotal, last quarter) (leases 30.4m already included)
Net Debt = -2.00b USD (calculated: Debt 30.4m - CCE 2.03b)
Enterprise Value = 16.3b USD (18.3b + Debt 30.4m - CCE 2.03b)
Interest Coverage Ratio = unknown (Ebit TTM 273.8m / Interest Expense TTM 0.0)
EV/FCF = -38.45x (Enterprise Value 16.3b / FCF TTM -424.8m)
FCF Yield = -2.60% (FCF TTM -424.8m / Enterprise Value 16.3b)
FCF Margin = -227.0% (FCF TTM -424.8m / Revenue TTM 187.1m)
Net Margin = 148.1% (Net Income TTM 277.1m / Revenue TTM 187.1m)
Gross Margin = 38.08% ((Revenue TTM 187.1m - Cost of Revenue TTM 115.9m) / Revenue TTM)
Gross Margin QoQ = 23.84% (prev 56.48%)
Tobins Q-Ratio = 2.44 (Enterprise Value 16.3b / Total Assets 6.69b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 30.4m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 216.3m (EBIT 273.8m * (1 - 21.00%))
Current Ratio = 14.05 (Total Current Assets 2.30b / Total Current Liabilities 163.9m)
Debt / Equity = 0.01 (Debt 30.4m / totalStockholderEquity, last quarter 4.98b)
Debt / EBITDA = -5.11 (Net Debt -2.00b / EBITDA 392.3m)
Debt / FCF = 4.72 (negative FCF - burning cash) (Net Debt -2.00b / FCF TTM -424.8m)
Total Stockholder Equity = 3.05b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.35% (Net Income 277.1m / Total Assets 6.69b)
RoE = 9.08% (Net Income TTM 277.1m / Total Stockholder Equity 3.05b)
RoCE = 8.91% (EBIT 273.8m / Capital Employed (Equity 3.05b + L.T.Debt 21.3m))
RoIC = 3.31% (NOPAT 216.3m / Invested Capital 6.53b)
WACC = 16.19% (E(18.3b)/V(18.4b) * Re(16.22%) + D(30.4m)/V(18.4b) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 16.22% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 91.11 | Cagr: 30.73%
[DCF] Fair Price = unknown (Cash Flow -424.8m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.72 | # QB: 2
Revenue Correlation: 96.61 | Revenue CAGR: 123.5% | SUE: 1.94 | # QB: 4
EPS current Quarter (2026-06-30): EPS=-0.60 | Chg30d=-16.56% | Revisions=-38% | Analysts=6
EPS next Quarter (2026-09-30): EPS=-0.58 | Chg30d=-13.18% | Revisions=-38% | Analysts=6
EPS current Year (2026-12-31): EPS=0.33 | Chg30d=+0.00% | Revisions=+29% | GrowthEPS=+118.1% | GrowthRev=+106.4%
EPS next Year (2027-12-31): EPS=-2.36 | Chg30d=+0.36% | Revisions=-57% | GrowthEPS=-815.3% | GrowthRev=+44.9%
[Analyst] Revisions Ratio: -38% (up=5, down=13)