IonQ IONQ
United StatesTechnology · Computer HardwareUSD
66.63 USD (+61.2%)
14 analysts
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IonQ develops and commercializes quantum computers based on trapped-ion technology, selling access to its hardware through the cloud to businesses, research institutions, and governments.
Key points
from its scores- ✓Strong growth10.0
- ✕Poor share-price trend0.3
- ✕Unfavourable risk and backdrop0.3
- ✕Demanding valuation0.5
AI analysis
bottom line, main risk, context and newsHold in portfolio only for investors with high risk tolerance and a very long-term horizon; growth is real but profitability and valuation do not justify it in the short term.
IonQ shows spectacular revenue growth of 286.80%, but with an operating margin of -408.17% and an ROE of -60.48%, the company continues to burn cash intensively while its valuation (P/Sales of 67.95) discounts a future success that has not yet materialized in profits.
The main risk is structural cash burn: with an operating margin of -408.17% and an ROIC of -28.01%, IonQ depends on continuous external financing to sustain its operations, and any delay in the commercialization of its technology could force additional dilution.
Context and risks
IonQ has no material exposure to current macro factors: its quantum computing business does not depend on commodities, shipping routes, or interest rates significantly. The rise in long-term rates could slightly pressure its long-duration valuation, but its balance sheet with net cash and 10.66x liquidity mitigates any direct financial risk.
Is IonQ stock cheap or expensive?
at the analysis dateOn Price / sales, it trades 1,187% above the Technology median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| Price / book | 4.7 | 6.3 | −25% |
| Price / sales | 68.0 | 5.3 | +1,187% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 0.5 out of 10 (median for Technology: 5.3).
Average analyst target: 66.63 USD, +61.2% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 1.7 (sector 6.4), Growth 10.0 (sector 7.5).
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- Forward P/E
- −32.0
- EV / EBITDA
- −18.2
- Price / book
- 4.7
- Price / sales
- 68.0
- Market cap
- 16.7B USD
- Enterprise value
- 14.4B USD
Profitability
- ROE
- −60.5%
- ROA
- −14.5%
- ROIC (approx.)
- −28.0%
- Gross margin
- 30.9%
- Operating margin
- −408.2%
- Net margin
- 0.0%
- Free cash flow
- −87.8M USD
- FCF yield
- −0.5%
Solvency
- Total debt
- 54.5M USD
- Net debt
- −2.1B USD
- Cash
- 2.1B USD
- EBITDA
- −793.1M USD
- Net debt / EBITDA
- 2.60
- Debt / equity
- 1.63
- Current ratio
- 10.66
- Quick ratio
- 9.92
Growth
- Revenue growth
- +286.8%
- EPS (TTM)
- −3.43 USD
- EPS (forward)
- −1.29 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 3.36
- Analyst consensus
- Strong buy (14)
- Target price
- 66.63 USD
- 52-week range
- 25.89 – 84.64
Recent news
All IONQ news →Compare it with its sector
All 283 in Technology →Frequently asked questions about IonQ
Is IonQ stock cheap or expensive?
On Price / sales, it trades 1,187% above the Technology median. Valuation score: 0.5 out of 10 (median for Technology: 5.3). Average analyst target: 66.63 USD, +61.2% versus the price. This is not investment advice.
What score does IonQ get on MeridIAn Screener?
It scores 2.9 out of 10, rank 2,093 of 2,130 (better than 2% of the companies analysed). Its strongest category is Growth (10.0) and its weakest, Momentum (0.3). Analysis of 08/10/2026.
How much is IonQ worth on the stock market?
Its market capitalisation is 16.7B USD and its enterprise value, debt included, is 14.4B USD.
How much debt does IonQ have?
It has more cash than debt: net cash of 2.1B USD.
Does IonQ pay a dividend?
It pays no dividend, or almost none.
How has IonQ stock performed over the last year?
It has fallen 41.5% over the last year, excluding dividends. Over the last 52 weeks it has traded between 25.89 and 84.64 USD. Past performance does not guarantee future results.
What do analysts think of IonQ?
14 analysts cover it; their average recommendation is “Strong buy” and their average target is 66.63 USD (+61.2% versus the price). It is an estimate, not market data.