IonQ, Inc. (IONQ)
NYSEInformation TechnologyComputer HardwareSnapshot 2026-09-04
$39.52+1.28%
Close 2026-09-04 · 1-day change
NYSEInformation TechnologyComputer HardwareSnapshot 2026-09-04
QuarterlyIQ Insights · IONQ
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within information technology on a research-validated quality screen. As of 2026-09-04.
The screen ranks IONQ against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 0 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated weak grew net income 47% of the time over the next year (vs 59% for the rest of the cohort, n=6360).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue driving organic revenue growth through global deployments and expanding quantum platform products to reach 100% year-on-year growth in 2026.
Stated as a priority in 2 of last 2 quarters. Revenue grew from $64.7 million in 2026-Q1 to $80.1 million in 2026-Q2, a 287% year-on-year increase. Full year 2026 revenue guidance was raised from $260-$270 million to $280-$290 million. Management is delivering strong organic revenue growth consistent with their stated goal.
“CEO: 'Confident in achieving 100% organic growth for full year 2026.'”
“CFO: 'Raising full year revenue guidance to $260-$270 million with strong organic growth over 100% YoY.'”
Finalize the acquisition of SkyWater Technology to create a vertically integrated full-stack quantum platform and secure domestic supply chain.
Stated as a priority in 3 disclosures including 2026-Q1 and 2026-Q2. The acquisition closed on July 31, 2026, after regulatory approval was received. This milestone was achieved as planned, delivering on management's commitment to vertical integration and supply chain security.
“Closed acquisition of SkyWater Technology, creating the first vertically integrated quantum platform.”
Grow global deployments and broaden customer base across international, commercial, and multi-product segments.
Stated in 2 of last 2 quarters. Revenue composition in 2026-Q2 shows broad commercial momentum with 50% international and 60% commercial revenue. The customer base expanded to over 30 countries by 2026-Q1. Management is delivering on global expansion and commercial momentum.
“International, commercial and multi-product segments comprised 50%, 60%, and 25% of revenue.”
Advance quantum computing technology including 256-qubit system demonstration and quantum error correction.
Stated in 2 of last 2 quarters. Management reported selling the first 256-qubit system in 2026-Q1 and progressing on integrated system testing and error correction in 2026-Q2. These milestones indicate ongoing delivery on key technology development goals.
“Strides towards demonstrating 256-qubit quantum computer and quantum error correction results.”
Raise full year 2026 revenue expectations to between $260 million and $270 million, driven by strong organic growth and expanding commercial momentum.
Over the trailing year it converted -0.33x of net income into operating cash flow. Historically, Information Technology names rated fragile grew net income 42% of the time over the next year (vs 59% for the rest of the cohort, n=3128).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, Fed net liquidity, real (inflation-adjusted) rates (low R² over the window).
30 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Information Technology names rated volatile grew net income 60% of the time over the next year (vs 58% for the rest of the cohort, n=2769).
Not investment advice. As of 2026-09-04.
“Pending acquisition of SkyWater announced, expected to close in Q2 or Q3 2026.”
“Sold IonQ solutions in more than 30 countries, up from a few a year ago.”
“Sold first 6th-generation, chip-based, 256-qubit system; received first ion trap chip samples.”