IonQ (IONQ) Expected to Announce Earnings on Thursday

Key Points

• IonQ is expected to report Q3 2026 results on November 5 after market close, with analysts forecasting a loss of $0.3382 per share and revenue of $141.20 million.
• The company’s prior quarter showed strong growth: revenue rose 286.7% year over year to $80.05 million, beating estimates, though IonQ remains unprofitable with substantial negative margins.
• IonQ has secured a $7.5 million follow-on Air Force Research Laboratory contract and is pursuing further growth initiatives, but its high valuation and ongoing losses remain significant risks. Analysts maintain a “Moderate Buy” consensus with an average price target of $63.33.

IonQ (NYSE:IONQ - Get Free Report) is expected to be releasing its Q3 2026 results after the market closes on Thursday, November 5th. Analysts expect IonQ to announce earnings of ($0.3382) per share and revenue of $141.20 million for the quarter. Parties are encouraged to explore the company's upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Thursday, November 5, 2026 at 4:30 PM ET.

IonQ (NYSE:IONQ - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.56) by $0.23. IonQ had a negative return on equity of 22.29% and a negative net margin of 553.27%. The firm had revenue of $80.05 million during the quarter, compared to analysts' expectations of $66.47 million. During the same period in the previous year, the firm posted ($0.70) EPS. IonQ's revenue for the quarter was up 286.7% on a year-over-year basis. On average, analysts expect IonQ to post ($2.96) EPS for the current fiscal year and ($3.06) EPS for the next fiscal year.

IonQ Price Performance

Shares of NYSE IONQ opened at $32.37 on Thursday. The stock's 50-day moving average is $38.66 and its two-hundred day moving average is $42.28. IonQ has a 1-year low of $25.89 and a 1-year high of $73.65. The company has a market cap of $13.90 billion, a price-to-earnings ratio of -6.95 and a beta of 3.36.

Insider Buying and Selling

In related news, insider John Raymond sold 2,407 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $37.21, for a total value of $89,564.47. Following the transaction, the insider owned 77,741 shares of the company's stock, valued at $2,892,742.61. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

IONQ has been the subject of several recent research reports. Wall Street Zen cut IonQ from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 8th. Morgan Stanley lowered their price objective on IonQ from $49.00 to $43.00 and set an "equal weight" rating for the company in a research report on Thursday, October 15th. Jefferies Financial Group restated a "buy" rating and set a $80.00 target price on shares of IonQ in a research note on Wednesday, September 9th. Mizuho reduced their target price on shares of IonQ from $61.00 to $52.00 and set an "outperform" rating on the stock in a report on Wednesday, September 9th. Finally, Benchmark reiterated a "buy" rating and issued a $60.00 price target on shares of IonQ in a research note on Thursday, August 6th. Ten investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, IonQ has an average rating of "Moderate Buy" and an average price target of $63.33.

Key Stories Impacting IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: AFRL contract reinforces commercial and government demand. IonQ received $7.5 million in Phase 2 follow-on funding from the Air Force Research Laboratory to expand its Rome, New York quantum network. The work includes optical links, frequency converters, quantum network interface cards, and software designed for metropolitan and defense applications, supporting IonQ’s strategy to build recurring quantum-networking and security revenue. IonQ Awarded $7.5 Million Follow-On Funding from AFRL to Advance Full-Stack Quantum Networking
• Positive Sentiment: Recent operating momentum remains strong. IonQ reportedly posted record fiscal second-quarter revenue and raised its full-year outlook. The planned SkyWater acquisition would also add semiconductor manufacturing capabilities, potentially giving IonQ greater control over its quantum-computing supply chain and technology stack. $1,000 Split Between IonQ and D-Wave Today Could Be Worth This Much by 2029
• Neutral Sentiment: Investors are awaiting the next earnings report. IonQ’s November 5 earnings release is likely to determine whether the recent revenue growth, improved outlook, and government awards are translating into sustainable bookings and financial progress.
• Negative Sentiment: Valuation and losses remain significant risks. Despite rapid revenue growth, IonQ remains unprofitable, and commentary has warned that its elevated valuation leaves limited room for execution setbacks. The $7.5 million contract is strategically important but modest relative to the company’s market capitalization, while research progress does not necessarily guarantee large follow-on orders. IonQ Stock Sinks as Market Gains: Here’s Why

IonQ Company Profile

IonQ, Inc NYSE: IONQ is a quantum computing company that develops full-stack quantum computing systems and related software. Its technology is based on trapped-ion quantum computing, which uses electrically charged atoms as qubits and is designed to support highly accurate quantum operations.

The company provides access to its quantum computers through cloud platforms and direct enterprise and research engagements. Its offerings include quantum computing hardware, cloud-based access, software tools, and professional services intended to help organizations explore applications in areas such as optimization, chemistry, materials science, artificial intelligence, and cybersecurity.

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