IonQ (NYSE:IONQ) Shares Climb 7.4% – What’s Next?

Posted by Francis Steltz on Oct 29th, 2026

IonQ, Inc. (NYSE:IONQ – Get Free Report)’s stock price was up 7.4% during mid-day trading on Tuesday. The stock traded as high as $33.31 and last traded at $33.0410. Approximately 21,909,112 shares were traded during trading, a decline of 11% from the average daily volume of 24,572,268 shares. The stock had previously closed at $30.76.

More IonQ News

Here are the key news stories impacting IonQ this week:

Positive Sentiment: IonQ received a $7.5 million follow-on contract from the Air Force Research Laboratory to expand its Rome, New York quantum network with optical, hardware and software upgrades. The award supports potential defense and metropolitan networking applications. Contract Win Might Change The Case For IonQ Stock
Positive Sentiment: IonQ’s trapped-ion technology is highlighted as a potential disruptor of older quantum-computing systems. The company’s revenue grew approximately 287% year over year in the second quarter, while its SkyWater acquisition adds semiconductor manufacturing capabilities. 3 Quantum Computing Stocks to Buy Before They Soar in 2027
Positive Sentiment: Recent coverage also points to record second-quarter revenue and a raised full-year outlook, providing fundamental support for the long-term growth narrative. $1,000 Split Between IonQ and D-Wave Today Could Be Worth This Much by 2029
Neutral Sentiment: IonQ is scheduled to report quarterly results on November 5. The announcement is likely to keep the stock volatile as investors assess bookings, revenue guidance, cash usage and the impact of the SkyWater transaction. IonQ Set to Announce Quarterly Earnings
Negative Sentiment: Zacks says IonQ lacks the combination of earnings and estimate-revision trends that typically supports an earnings beat, increasing the risk of disappointing results or cautious guidance. Will IonQ Report Negative Earnings Next Week?
Negative Sentiment: October weakness has been attributed to potential shareholder dilution and a broader sell-off in speculative technology stocks. Analysts also caution that quantum companies’ valuations remain well ahead of currently booked revenue, while government funding agreements may take time to close. Is IonQ Stock a Buy for 2027?

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $65.00 price target on shares of IonQ in a report on Wednesday, September 9th. Jefferies Financial Group restated a “buy” rating and set a $80.00 price objective on shares of IonQ in a research report on Wednesday, September 9th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $70.00 target price on shares of IonQ in a research note on Wednesday, September 9th. B. Riley Financial reiterated a “buy” rating on shares of IonQ in a report on Wednesday, September 9th. Finally, Bank of America initiated coverage on shares of IonQ in a research report on Monday, September 28th. They issued a “buy” rating and a $60.00 price target for the company. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.33.

View Our Latest Analysis on IONQ

IonQ Stock Performance

The company has a 50 day moving average of $38.66 and a 200 day moving average of $42.28. The firm has a market cap of $13.43 billion, a P/E ratio of -6.72 and a beta of 3.36.

IonQ (NYSE:IONQ – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 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 company earned ($0.70) earnings per share. The company’s revenue was up 286.7% compared to the same quarter last year. As a group, analysts expect that IonQ, Inc. will post -2.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider John Raymond sold 2,407 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $37.21, for a total transaction of $89,564.47. Following the completion of the sale, the insider owned 77,741 shares in the company, valued at approximately $2,892,742.61. This represents a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IONQ. BlackRock Inc. bought a new stake in IonQ during the second quarter worth about $1,112,945,000. Bank of America Corp DE bought a new position in shares of IonQ in the second quarter valued at approximately $344,757,000. Bank of New York Mellon Corp bought a new position in shares of IonQ in the second quarter valued at approximately $113,863,000. Legal & General Group Plc acquired a new position in shares of IonQ in the 2nd quarter worth approximately $82,126,000. Finally, Deutsche Bank AG acquired a new position in shares of IonQ in the 2nd quarter worth approximately $27,836,000. 41.42% of the stock is owned by institutional investors.

IonQ Company Profile

(Get Free Report)

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.