Wall Street analyst estimates for IonQ, Inc. (IONQ): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
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.
Consensus price target
$64.00 (+113% vs price $29.99)
between $43.00 and $80.00 · 6 targets published in the last quarter
Closing price, Nov 3
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $445M | $445M – $445M | -$1.27 | 5 |
| 2027E | $806M | $639M – $1.0B | -$1.33 | 6 |
| 2028E | $1.1B | $933M – $1.4B | -$1.20 | 5 |
Figures in USD · consensus as of November 1, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 8 |
| Hold | 4 |
| Sell | 0 |
| Strong Sell | 0 |
| Total analysts | 12 |
| Avg rating (−2 sell to +2 buy) | 0.67 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-05 | $-0.34 | ||
| 2026-08-05 | $-0.33 | $-0.29 | -13.8% |
| 2026-05-06 | $2.07 | $-0.46 | +548.5% |
| 2026-02-25 | $1.93 | $-0.48 | +502.1% |
| 2025-11-05 | $-3.58 | $-0.44 | -713.6% |
| 2025-08-06 | $-0.70 | $-0.13 | -438.5% |
| 2025-05-07 | $-0.14 | $-0.26 | +46.2% |
| 2025-02-26 | $-0.93 | $-0.23 | -304.3% |
Valuation Ratios
| Price / Book | 3.31 |
| Dividend Yield | 0.00% |
Income Statement (10y)
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $200,000 | 0 | $2.1M | $11.1M | $22.0M | $43.1M | $130.0M |
| Cost of Revenue | $88,000 | $1.4M | $3.6M | $8.5M | $8.1M | $20.6M | $77.5M |
| Gross Profit | $112,000 | -$1.4M | -$1.5M | $2.6M | $13.9M | $22.5M | $52.5M |
| Research & Development | $6.9M | $10.2M | $20.2M | $44.0M | $92.3M | $136.8M | $305.7M |
| Selling, General & Admin | $2.2M | $4.0M | $17.0M | $44.4M | $69.0M | $99.5M | $298.5M |
| Operating Expenses | $9.4M | $14.3M | $37.2M | $88.3M | $171.7M | $254.9M | $686.2M |
| Operating Income | -$9.3M | -$15.7M | -$38.7M | -$85.7M | -$157.8M | -$232.5M | -$633.7M |
| EBITDA | -$8.9M | -$14.0M | -$103.6M | -$42.9M | -$147.3M | -$312.9M | -$474.7M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Income | -$8.9M | -$15.4M | -$106.2M | -$48.5M | -$157.7M | -$331.6M | -$556.7M |
| Income Tax | 0 | 0 | 0 | 0 | $48,000 | $59,000 | -$44.6M |
| Net Income | -$8.9M | -$15.4M | -$106.2M | -$48.5M | -$157.8M | -$331.6M | -$510.4M |
| EPS | -$2.24 | -$0.08 | -$0.55 | -$0.25 | -$0.78 | -$1.56 | -$1.82 |
| EPS (Diluted) | -$2.24 | -$0.08 | -$0.55 | -$0.25 | -$0.78 | -$1.56 | -$1.82 |
| Shares Outstanding (Diluted) | 4.0 M | 192.5 M | 194.1 M | 197.7 M | 202.6 M | 213.0 M | 280.3 M |
Price
| Price | $29.99 (closing price, November 3, 2026) |
| Market Cap | $12.9B |
| Exchange | NYSE |
| Country | US |
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Explore sector: Technology · Computer Hardware
More sections of IONQ: Overview · Financials · Valuation · Technical · Ownership
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