IonQ (NYSE:IONQ) Trading Down 4.8% – What’s Next?

Posted by Brenda Bartman on Aug 28th, 2026

Shares of IonQ, Inc. (NYSE:IONQ – Get Free Report) traded down 4.8% during trading on Wednesday . The company traded as low as $39.96 and last traded at $40.04. Approximately 12,759,936 shares were traded during trading, a decline of 49% from the average session volume of 24,873,416 shares. The stock had previously closed at $42.05.

Trending Headlines about IonQ

Here are the key news stories impacting IonQ this week:

Positive Sentiment: IonQ reportedly generated approximately $80 million in quarterly revenue and then agreed to spend $1.8 billion to acquire the largest exclusively U.S.-owned chip foundry. The transaction could make IonQ the first vertically integrated quantum-computing company, giving it greater control over chip production and potentially accelerating commercialization. IonQ posted $80 million and acquired a U.S. chip foundry
Positive Sentiment: IonQ appointed finance and semiconductor-industry veterans Eric Ball and Timothy Baxter to its board. Their capital-markets, mergers-and-acquisitions, chip-industry, and commercialization experience could help IonQ finance and integrate its foundry strategy. New capital markets and chip leaders join IonQ’s board
Positive Sentiment: IonQ benefited from renewed investor interest in quantum stocks after Infleqtion received a $20 million follow-on NASA contract. The award provides additional evidence of government demand for quantum-technology applications and helped lift sentiment across the sector. Infleqtion receives a NASA quantum contract
Positive Sentiment: IonQ reached 84 Skyloom optical terminals in orbit, highlighting progress in quantum networking and space-based communications capabilities. IonQ reaches 84 Skyloom optical terminals in orbit
Neutral Sentiment: Directors Timothy Baxter and Eric Ball each received 5,540 restricted stock units. The awards increase their holdings but were not open-market purchases, making them a limited signal of insider confidence. IonQ insider filings show restricted stock awards
Neutral Sentiment: Analysts continue to characterize IonQ as a buy, while articles highlight potential long-term demand from post-quantum cybersecurity spending. These themes support the growth story but do not represent new contracts or near-term earnings improvements. Wall Street analysts see IonQ as a buy
Negative Sentiment: IonQ remains unprofitable, and the $1.8 billion foundry acquisition creates substantial execution, financing, and integration risks. The company’s longer-term opportunity is significant, but investors must weigh it against continued losses and distant profitability.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on IONQ. Benchmark reiterated a “buy” rating and issued a $60.00 price objective on shares of IonQ in a report on Thursday, August 6th. Wedbush started coverage on IonQ in a report on Monday, August 3rd. They set an “outperform” rating and a $75.00 target price on the stock. Morgan Stanley set a $49.00 target price on IonQ in a research report on Thursday, August 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $100.00 price target on shares of IonQ in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. lifted their price target on IonQ from $42.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Nine investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.92.

View Our Latest Report on IonQ

IonQ Stock Performance

The stock’s fifty day simple moving average is $43.10 and its two-hundred day simple moving average is $43.39. The company has a market capitalization of $16.16 billion, a price-to-earnings ratio of -9.10 and a beta of 3.28.

IonQ (NYSE:IONQ – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $0.23. IonQ had a negative net margin of 553.27% and a negative return on equity of 22.29%. The company had revenue of $80.05 million for the quarter, compared to analysts’ expectations of $66.47 million. During the same quarter in the previous year, the company posted ($0.70) EPS. The business’s revenue was up 286.7% compared to the same quarter last year. On average, equities analysts anticipate that IonQ, Inc. will post -2.86 EPS for the current fiscal year.

Insider Buying and Selling

In other IonQ news, insider John W. Raymond sold 3,815 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $55.01, for a total value of $209,863.15. Following the transaction, the insider owned 80,148 shares of the company’s stock, valued at approximately $4,408,941.48. This represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gabrielle B. Toledano sold 2,757 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $55.01, for a total value of $151,662.57. Following the sale, the director owned 11,154 shares of the company’s stock, valued at $613,581.54. This trade represents a 19.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 9,329 shares of company stock worth $513,216. Corporate insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On IonQ

A number of hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System raised its position in shares of IonQ by 5,901.1% during the second quarter. California State Teachers Retirement System now owns 28,318,821 shares of the company’s stock worth $1,508,260,000 after purchasing an additional 27,846,924 shares during the period. BlackRock Inc. acquired a new position in shares of IonQ in the 2nd quarter valued at $1,112,945,000. Bank of America Corp DE purchased a new position in IonQ in the 2nd quarter worth about $344,757,000. Vanguard Group Inc. increased its stake in IonQ by 18.5% in the 4th quarter. Vanguard Group Inc. now owns 34,774,743 shares of the company’s stock worth $1,560,343,000 after purchasing an additional 5,420,037 shares in the last quarter. Finally, Norges Bank acquired a new stake in IonQ during the 4th quarter worth about $199,753,000. 41.42% of the stock is currently owned by institutional investors and hedge funds.

IonQ Company Profile

(Get Free Report)

IonQ, Inc engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft’s Azure Quantum, and Google’s Cloud Marketplace, as well as through its cloud service. It also provides contracts associated with the design, development, and construction of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems.