IonQ (IONQ)
Builds trapped-ion quantum systems spanning compute, networks, sensing, security, space data, and chip fabrication.
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Sells trapped-ion quantum computers, cloud access, services, networking and security equipment, sensing systems, satellite radar data, and semiconductor foundry services. Revenue comes from hardware sales and platform, consulting, and support contracts, while commercialization still depends on technical milestones, customer adoption, and third-party cloud distribution.
Builds trapped-ion quantum computers and sells complete systems, cloud-based compute access, maintenance, support, and application-development services. IonQ Tempo anchors the computing portfolio, with access distributed through its own service and AWS Braket, Microsoft Azure Quantum, and Google Cloud Marketplace.
Extends the platform into ID Quantique quantum networking and security products, Vector Atomic sensing, Capella Space radar-imaging data, and SkyWater semiconductor foundry and advanced-packaging services. The portfolio serves government, research, and commercial customers across the United States and international markets.
Combines quantum-hardware design with manufacturing, deployment, cloud operation, and acquired infrastructure businesses. Commercial progress remains tied to research milestones and customer adoption, while part of compute distribution depends on public-cloud providers that also develop competing quantum technologies.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 9, 2026 | Jefferies | Reiterate | Rating: —Target: $75 | Target: $80 |
| Sep 9, 2026 | Mizuho Securities | Target | Target: $90 | Target: $52 |
| Aug 6, 2026 | Morgan Stanley | Target | Target: $48.50 | Target: $49 |
| Aug 6, 2026 | Jefferies | Target | Target: $85 | Target: $75 |
| Jul 27, 2026 | Benchmark | Initiate | Rating: — |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.12B · Total debt $54.5M · Total assets $6.78B · Shareholders' equity $3.33B
- Revenue
- $80.1M
- Operating income
- −$337.2M
- Net income
- −$1.87B
No dividends on record.
| Institutions | 53.21% | 198.61M shares | |
|---|---|---|---|
| 864 holders · as of Jun 30, 2026 | |||
| Insiders | 1.01% | 3.76M shares | |
| 18 holders · as of Sep 15, 2026 | |||
| Other | 45.78% | 170.90M shares | |
| remainder | |||
373.27M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Morgan StanleyInstitution | 7.04% | 26.28M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 5.60% | 20.90M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.18% | 15.60M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 3.74% | 13.96M | as of Jun 30, 2026 |
State Street CorpInstitution | 2.18% | 8.12M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 10, 2026 | John W. Raymond | director, other: Special Advisor | −2,407 | $37.21 |
| Jun 18, 2026 | John W. Raymond | director, other: Special Advisor | −3,815 | $55.01 |
| Jun 18, 2026 | Kathryn K. Chou | director | −2,757 | $55.02 |
| Jun 18, 2026 | Gabrielle B. Toledano | director | −2,757 | $55.01 |
| May 6, 2026 | Robert T. Cardillo | director, other: Executive Chair, IonQ Federal | −3,773 | $49.90 |
- Quantinuum
Full-stack trapped-ion platform; H-series, TKET, InQuanto; just IPO'd.
- IBM
Broadest enterprise quantum cloud; Qiskit ecosystem; targets 2026 advantage.
- Alphabet Class A
Willow chip; first verifiable quantum algorithm advantage in Oct 2025.
- Microsoft
Azure Quantum multi-vendor platform; Majorana 1 topological qubit R&D.
- Rigetti Computing
Superconducting pure-play; 108-qubit cloud system; roadmap to 1,000 qubits.
- D-Wave Quantum
Annealing leader expanding to gate-model; 135+ enterprise customers.
- Arqit Quantum
Software quantum-safe encryption overlapping IDQ in QKD and PQC.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| IonQ | $40.48 | +0.10% | $15.12B | — | — | 61.3 | +286.8% |
| Quantinuum | $51.47 | +0.55% | $13.47B | — | — | — | — |
| IBM | $233.89 | +0.95% | $218.51B | 20.5 | 18.2 | 3.2 | +1.1% |
| Alphabet Class A | $356.44 | +0.35% | $4.30T | 17.8 | 26.4 | 9.6 | +24.2% |
| Microsoft | $507.18 | +1.11% | $3.72T | 27.9 | 25.6 | 11.2 | +17.8% |
| Rigetti Computing | $16.41 | −0.70% | $5.49B | — | — | 411.5 | +185.3% |
| D-Wave Quantum | $17.73 | +0.20% | $6.50B | — | — | 523.2 | −0.6% |
| Arqit Quantum | $23.00 | −2.58% | $409.5M | — | — | 377.1 | +829.9% |
| Median | 20.5 | 25.6 | 194.1 | +21.0% |