IonQ, Inc. (IONQ) is a publicly traded company in the Technology — Computer Hardware industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
IonQ, Inc. specializes in the creation of advanced, general-purpose quantum computing systems. The company provides customers with access to its 20-qubit quantum computers. This access is facilitated through prominent third-party cloud platforms, such as Amazon Web Services' (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as directly via IonQ's own proprietary cloud service. Founded in 2015, IonQ, Inc.
Is IonQ, Inc. stock overvalued or undervalued in 2026?
As of November 3, 2026, IonQ, Inc. (IONQ) trades at $29.99 with no positive earnings over the last twelve months, according to Kaplio. No valuation verdict: it has no earnings to calculate a P/E from.
Kaplio overview: IonQ, Inc.
Market cap $13B · 52 weeks $27 – $72 (58% below the high) · P/E no earnings · Dividend none · Next earnings November 5, 2026 · expected EPS -$0.34 · Closing price, Nov 3 · accounts published Aug 5.
- Valuation: EV/EBITDA 6.0× (no earnings).
- Business: ROIC −16% (weak).
- Balance sheet: Altman Z 2.6 (watch).
- Earnings: 3 of 8 (disappointing).
Where would it trade at its usual multiples?
No valuation verdict: it has no earnings to calculate a P/E from.
What matters in technology: 2 of 5 pass
- FCF / Revenue −230.4%, fails.
- ROIC −15.5%, fails.
- SBC / Revenue 240.0%, fails.
- 3y revenue growth 102.0%, passes.
- Gross margin 40.4%, passes.
- Net debt / EBITDA n. s., info.
Against its peers (reference peers) — IonQ, Inc.: P/E —; EV/EBITDA 6.0×; ROIC -15.5%; $12.9B. Logitech International S.A. (P/E 16.7×; EV/EBITDA 12.2×; ROIC 29.6%; $13.2B), Super Micro Computer, Inc. (P/E 6.6×; EV/EBITDA 4.6×; ROIC 17.2%; $20.6B), HP Inc. (P/E 10.8×; EV/EBITDA 7.7×; ROIC 21.8%; $25.5B).
Profitability
| Return on Equity | -39.34% |
| Return on Invested Capital | -15.54% |
| Return on Assets | -20.86% |
| Gross Margin | 36.29% |
| Operating Margin | -413.96% |
| Net Margin | -573.62% |
Financial Health
| Debt / Equity | 0.02 |
| Current Ratio | 10.66 |
| Piotroski F-Score | 3 |
| Altman Z-Score | 2.63 |
Price Performance
| 1 month | -30.21% |
| 3 months | -24.50% |
| Year-to-date | -33.16% |
| 1 year | -43.82% |
| 3 years | +158.98% |
| 5 years | +55.63% |
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Explore sector: Technology · Computer Hardware
More sections of IONQ: Financials · Valuation · Estimates · Technical · Ownership
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