Business overview

Trapped-ion quantum computers, sold via cloud. Expanded portfolio: computation, quantum networking, sensors, security/post-quantum cryptography (Clavis XG).

Watch: Very stretched valuation (P/E >100x), extreme volatility (beta 3.23). Recent short-seller report questioning Pentagon funding.

Valuation
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Update log

DateNewsImpact
9/10/2026Mizuho Securities lowered its price target for IonQ following the company's Analyst Day, where it provided an updated 2026 revenue outlook.
9/10/2026IonQ's CEO identified 2028 as the year for 'Q-Day' when current encryption standards may be broken by quantum computing capabilities.
9/10/2026Italy is pursuing closer cooperation with IonQ to strengthen its own domestic quantum industry.
9/9/2026Yahoo Finance
9/9/2026Yahoo Finance
9/9/2026Yahoo Finance
9/9/2026IonQ stock rose after the company raised its 2026 revenue guidance, citing strong commercial momentum and organic growth.
9/9/2026Yahoo Finance
9/9/2026Yahoo Finance
9/9/2026Investor day — IonQ held its 2026 Investor Day on September 8, 2026, where the company announced an updated full-year 2026 revenue guidance of $450 million to $460 million following its acquisition of SkyWater Technology. During the event, IonQ also debuted its sixth-generation quantum computing platform, the IonQ Superion 256, and announced an $8.18 million quantum security agreement with Congruity360.
9/8/2026IonQ raised its 2026 full-year revenue outlook to $450-460 million following the acquisition of SkyWater Technology.
9/8/2026IonQ is hosting an investor day focusing on the integration of its recent SkyWater acquisition and general company strategy.
9/8/2026IonQ announced its sixth-generation quantum computing platform, Superion 256, which will serve as the foundation for future compute products.
9/8/2026IonQ signed an $8.18 million agreement with Congruity360 to provide quantum-safe network protection using its PQC and QKD appliances.
9/8/2026IonQ raised its 2026 revenue guidance after completing the acquisition of SkyWater Technology, leading to a share price increase.
9/8/2026IonQ shares increased following the announcement of its new Superion 256 quantum computing platform and a higher revenue forecast linked to the SkyWater acquisition.
9/8/2026IonQ's stock rose significantly following the release of new quantum chips and an increased financial guidance outlook.
9/8/2026EX-99.1 — Regulation FD disclosure · Financial statements and exhibits
9/8/20268-K — Regulation FD disclosure · Financial statements and exhibits
9/8/2026IonQ entered into an $8.18 million contract with Congruity360 to provide quantum-safe networking technology.
9/8/2026IonQ officially announced its sixth-generation quantum computing platform, Superion 256.
9/8/2026IonQ utilized its investor day to detail its long-term strategy following the $1.8 billion acquisition of SkyWater, focusing on quantum systems and cybersecurity.
9/8/2026IonQ updated its 2026 revenue outlook to between $450 million and $460 million, accounting for the integration of SkyWater Technology.
9/8/2026IonQ published a research blueprint detailing the resource requirements for a 20,000-physical-qubit quantum computer to break 256-bit elliptic-curve signatures.
9/5/2026Yahoo Finance
9/5/2026Yahoo Finance
9/4/2026Yahoo Finance
9/4/2026Yahoo Finance
9/3/2026Yahoo Finance
9/2/2026Yahoo Finance
9/2/2026Yahoo Finance
9/1/2026Yahoo Finance
9/1/2026QC Ware and IonQ demonstrated a hybrid quantum-classical chemistry workflow using IonQ's Forte trapped-ion quantum computer to model the heme active site of cytochrome P450nor.
8/31/2026IonQ researchers demonstrated an end-to-end decoding system for quantum error correction that can be managed on a MacBook Pro.
8/29/2026Yahoo Finance
8/29/2026Yahoo Finance
8/28/2026EX-99.1 — Officer / director departure or appointment · Other material events · Financial statements and exhibits
8/28/20268-K — Officer / director departure or appointment · Other material events · Financial statements and exhibits
8/27/2026Yahoo Finance
8/26/2026Yahoo Finance
8/26/2026Yahoo Finance
8/26/2026Yahoo Finance
8/26/2026Yahoo Finance
8/25/2026Yahoo Finance
8/25/2026IonQ has appointed Dr. Eric Ball and Timothy Baxter to its Board of Directors to support the company's expansion.
8/25/2026Yahoo Finance
8/24/2026IonQ is reportedly moving into a new business line beyond its core quantum computing offerings.
8/24/2026An earnings comparison between IonQ and QUBT highlights QUBT's analyst upside despite IonQ's revenue growth.
8/24/2026IonQ's stock valuation is discussed in the context of its strong five-year returns and the need for durable cash flow growth supported by technical progress.
8/24/2026Yahoo Finance
8/24/2026Skyloom Global, an IonQ company, announced the successful deployment of additional optical communication terminals on-orbit for the Space Development Agency.
8/24/2026Yahoo Finance
8/24/2026Yahoo Finance
8/24/2026The article discusses concerns regarding insider activity at IonQ and other quantum computing companies.
8/22/2026Yahoo Finance
8/20/2026Yahoo Finance
8/19/2026Yahoo Finance
8/19/2026Yahoo Finance
8/19/2026Yahoo Finance
8/19/2026Yahoo Finance
8/19/2026Yahoo Finance
8/19/2026IonQ is collaborating with CMC Microsystems to integrate its trapped-ion quantum computing systems into Canada's FABrIC Quantum Computing Sandbox.
8/18/2026Yahoo Finance
8/18/2026Yahoo Finance
8/17/2026Yahoo Finance
8/17/2026IonQ is expanding into quantum networking and security through alliances with Sandia National Laboratories and EPB, including the launch of commercial quantum memory.
8/17/2026IonQ is included in a report evaluating leading full-stack quantum computer manufacturers and their cloud services.
8/17/2026Yahoo Finance
8/16/2026Yahoo Finance
8/14/2026Yahoo Finance
8/14/2026IonQ and other companies in the quantum sector recently reported financial earnings, indicating ongoing growth and traction.
8/14/2026Yahoo Finance
8/13/2026
Rating revision: Rating 2 → Rating 3
AI review
Automated financial audit: net loss is 5.5x revenue (> 2x) — speculative at best. The deterministic financial gate allows at best Rating 3, while the watchlist carried Rating 2. Rating lowered to Rating 3 until the fundamentals improve.
8/13/2026Yahoo Finance
8/12/2026Yahoo Finance
8/12/2026Yahoo Finance
8/12/2026Yahoo Finance
8/11/2026Yahoo Finance
8/11/2026Yahoo Finance
8/11/2026Yahoo Finance
8/10/2026EX-32.1 — Period: 2026-06-30
8/10/2026EX-31.2 — Period: 2026-06-30
8/10/2026Yahoo Finance
8/10/2026Yahoo Finance
8/10/202610-Q — Period: 2026-06-30
8/10/2026EX-10.1 — Period: 2026-06-30
8/10/2026EX-10.2 — Period: 2026-06-30
8/10/2026IonQ's Q2 revenue trends show growth driven by international deployments and multiproduct sales.
8/9/2026Yahoo Finance
8/8/2026Yahoo Finance
8/8/2026Yahoo Finance
8/7/20268-K — Unregistered sale of securities · Financial statements and exhibits
8/7/2026Yahoo Finance
8/7/2026Yahoo Finance
8/7/2026Yahoo Finance
8/7/2026EX-5.1 — Unregistered sale of securities · Financial statements and exhibits
8/6/2026IonQ's space division secured a National Reconnaissance Office (NRO) contract to provide commercial synthetic aperture radar services for national security missions.
8/6/2026IonQ reported a wider-than-expected loss for Q2 but exceeded revenue estimates and raised its 2026 revenue outlook.
8/6/2026Yahoo Finance
8/6/2026Yahoo Finance
8/6/2026Yahoo Finance
8/5/20268-K — Results of operations released · Financial statements and exhibits
8/5/2026EX-99.1 — Results of operations released · Financial statements and exhibits
8/5/2026IonQ has signed a memorandum of understanding with Sandia National Laboratories to co-design quantum information science technologies for U.S. national security.
8/5/2026IonQ is mentioned alongside other quantum computing stocks as experiencing market pressure in 2026.
8/4/2026Yahoo Finance
8/4/2026Yahoo Finance
8/4/2026Yahoo Finance
8/4/2026Yahoo Finance
8/4/2026Yahoo Finance
8/4/2026Yahoo Finance
8/4/2026The Quantum Insider
8/4/2026Yahoo Finance
8/3/2026Yahoo Finance
8/3/2026Yahoo Finance
8/3/2026Yahoo Finance
8/3/2026IonQ, Inc. saw its stock price rise by 9% following the completion of its SkyWater Technology acquisition.
8/3/2026IonQ stock experienced a price increase following positive analyst sentiment from Wedbush regarding its position in the quantum computing market.
8/3/2026IonQ has finalized the acquisition of SkyWater for $1.8 billion following approval from the FTC, integrating quantum technologies into SkyWater's aerospace and defense portfolio.
8/3/2026Yahoo Finance
8/2/2026Yahoo Finance
8/2/2026Yahoo Finance
8/2/2026Yahoo Finance
7/31/2026
Rating revision: Rating 3 → Rating 2
AI review
The acquisition of SkyWater Technology significantly improves IonQ's vertical integration and defense-related supply chain resilience, addressing a key structural risk associated with hardware dependency. While the company's valuation remains elevated, the move to secure a domestic foundry stabilizes its competitive position and justifies an improved rating. This strategic shift moves the company from a purely speculative software-led model to a more robust infrastructure-backed hardware provider.
7/31/2026Yahoo Finance
7/31/2026Yahoo Finance
7/31/2026EX-99.1 — Other material events · Financial statements and exhibits
7/31/2026Yahoo Finance
7/31/2026Yahoo Finance
7/31/20268-K — Other material events · Financial statements and exhibits
7/31/2026The Quantum Insider
7/31/2026Yahoo Finance
7/30/2026Yahoo Finance
7/29/2026
Rating revision: Rating 2 → Rating 3
AI review
While IonQ maintains a competitive edge through key defense contracts, the recent sharp decline in market capitalization and increased volatility warrant a more cautious outlook. The combination of a high valuation and negative investor sentiment regarding the broader quantum sector elevates the risk profile, justifying a downgrade from a rating of 2 to a rating of 3. This conservative adjustment reflects the ongoing instability in the company's equity performance despite its operational progress.
7/29/2026Yahoo Finance
7/29/2026Yahoo Finance
7/28/2026
Rating revision: Rating 3 → Rating 2
AI review
The acquisition of SkyWater Technology significantly improves IonQ's vertical integration by securing internal semiconductor foundry capacity, which is critical for scaling production of trapped-ion systems. This move mitigates supply chain risks and strengthens the company's industrial moat within the defense sector, warranting an upgrade in our rating. Despite ongoing market volatility, the consolidation of manufacturing infrastructure provides a tangible foundation for long-term growth.
7/28/2026Yahoo Finance
7/28/20268-K — Other material events · Financial statements and exhibits
7/28/2026The Quantum Insider
7/28/2026Yahoo Finance
7/28/2026EX-99.1 — Other material events · Financial statements and exhibits
7/27/2026Yahoo Finance
7/27/2026The Quantum Insider
7/27/2026Yahoo Finance
7/27/2026Yahoo Finance
7/27/2026Yahoo Finance
7/27/2026Yahoo Finance
7/27/2026The article mentions IonQ within the context of the quantum computing sector, noting that investors are focusing on upcoming quarterly results and price targets.
7/26/2026Yahoo Finance
7/25/2026Yahoo Finance
7/24/2026Yahoo Finance
7/24/2026Yahoo Finance
7/24/2026Yahoo Finance
7/23/2026Yahoo Finance
7/23/2026Yahoo Finance
7/23/2026Yahoo Finance
7/23/2026Yahoo Finance
7/22/2026TradingView
7/22/2026Yahoo Finance
7/22/2026Yahoo Finance
7/22/2026Yahoo Finance
7/21/2026Lumentum, IPG Photonics, and nLight are showing solid growth and year-to-date gains, driven by demand for photonics related to artificial intelligence.
7/20/2026Yahoo Finance
7/20/2026Yahoo Finance
7/20/2026Yahoo Finance
7/19/2026boursedirect.fr
7/19/2026boursedirect.fr
7/18/2026The stock market was marked by a massive sell-off in the technology sector, while the energy and financial sectors advanced.
7/17/2026Zonebourse
7/13/2026
Short-seller report questions Pentagon funding. Stock -9% today, -36% over the previous month.
Confirms valuation fragility in the face of any doubt regarding the stability of government contracts.
7/8/2026An analysis piece skeptical of IonQ's current valuation, arguing that the market hype surrounding the company is not justified by its performance.
6/26/2026TradingView
6/18/2026S - Sale transaction of -3,815 shares at $55.01
6/18/2026S - Sale transaction of -2,757 shares at $55.01
6/18/2026S - Sale transaction of -2,757 shares at $55.02
6/9/2026Yahoo Finance France
5/24/2026TIKR.com
5/6/2026S - Sale+OE transaction of -3,773 shares at $49.90
5/6/2026
4/16/2026S - Sale+OE transaction of -2,500 shares at $44.90
4/14/2026
DARPA HARQ contract with the Air Force Research Laboratory. A member of the House Intelligence Committee purchased IonQ shares a few weeks before the announcement (STOCK Act, legal and disclosed).
Signal of internal political conviction, to be treated solely as public legal information.
2/25/2026EX-23.1 — Period: 2025-12-31
1/21/2026SCALABLE HOMELAND INNOVATIVE ENTERPRISE LAYERED DEFENSE (SHIELD) INITIAL ORDER.
2/26/2025EX-23.1 — Period: 2024-12-31
2/28/2024EX-23.1 — Period: 2023-12-31
3/30/2023EX-23.1 — Period: 2022-12-31
9/29/2022TRAPPED ION QUANTUM COMPUTER
7/21/2022GlobeNewswire
3/29/202210-K/A — Period: 2021-12-31
2026 (recent)
Selected to compete for the Missile Defense Agency SHIELD/Golden Dome program ($151 billion IDIQ).
Eligibility only, not yet a firm contract