IONQ Stock — IonQ, Inc.

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Next earnings call

Feb 24, 2027 Est · unconfirmed · in 14 wks

Q3 2026 earnings call transcript

call held Nov 5, 2026

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Latest documents

what the company just published, in one sentence each

2026

Nov 13

Current report 8-K Events of Nov 10

Gary Merrill named CFO as 34,580,646 shares registered for resale

IonQ appointed Gary Merrill as CFO, expected to begin December 3, 2026, and gave Thomas A. Austin a November 16, 2026 effective date as Chief Accounting Officer. Certain stockholders may resell 34,580,646 common shares.

Unregistered sale of equity, Director or officer change, or executive pay, Other events

3 source passages

Also on November 13, 2026, the Company announced that, on November 10, 2026, the Company appointed Gary Merrill as Chief Financial Officer, Treasurer, principal financial officer and principal accounting officer of the Company, to be effective upon his first day of employment, which is expected to be December 3, 2026 (the “Start Date”). Also on November 13, 2026, the Company announced that, effective on November 16, 2026, Thomas A. Austin had been appointed as Chief Accounting Officer of the Company. On November 13, 2026, IonQ, Inc. (the “Company”) filed with the Securities and Exchange Commission (the “SEC”) a prospectus supplement to the prospectus included in the Company’s Registration Statement on Form S-3ASR filed with the SEC on February 26, 2025 (File No. 333-285279) (the “Registration Statement”), covering the resale by certain selling stockholders of an aggregate of 34,580,646 shares of Company common stock, par value $0.0001 per share. Open the document at this passage

Nov 11

Investor event

CFTC prepares exchanges and intermediaries for quantum computing

At an IONQ event, CFTC Chairman Michael Selig said the agency is preparing exchanges, intermediaries, brokers and advisors for quantum computing, working with firms on quantum resistance, and assessing data centers’ national security, economic security implications.

6 source passages

IONQ 2026-11-11 Michael Selig, Chairman As an agency, what we're preparing for, of course, is making sure that all of our exchanges, as well as our intermediaries, our brokers, our advisors, are preparing for this new technology. We're tracking all of that at the agency. We're working together with developers and firms on quantum resistance, as well as being able to take advantage of this. So this is another national security, economic security issue that I think is an important one that's going to be considered state by state as well as in the next Congress. Open the document at this passage

Nov 5

Earnings call

Revenue Hits $173.8 Million as 2026 Guidance Rises

IonQ reported record Q3 revenue of $173.8 million, up 336% year-over-year, and raised 2026 revenue guidance to $505 to $515 million. Remaining performance obligations reached $1.2 billion, while adjusted EBITDA was negative $133.6 million.

Read from the first part of this long document

5 source passages

Welcome to the IonQ 3rd Quarter 2026 Earnings Conference Call. We delivered record third-quarter revenue of $173.8 million, up 336% year-over-year. Today, on the strength of our record third quarter, we are further raising our full-year 2026 revenue guidance from $450 to $460 million, up to now $505 to $515 million. In Q3, I'm pleased to report that we ended the quarter with $1.2 billion of RPO. Turning now to adjusted EBITDA for Q3, which was negative $133.6 million, reflecting the integration investment concentrated in the quarter. Open the document at this passage

Nov 5

Quarterly report 10-Q FY2026 Q3, ended Sep 30

Revenue rises 368% as operating loss reaches $1,041.8 million

IonQ reported nine-month revenue of $318.5 million, up 368%, and an operating loss of $1,041.8 million. Results include SkyWater Technology, Inc. from July 31, 2026; Elisity was acquired November 3, 2026.

Revenue $173.83M ▲ 336.0% Net income $563.96M Diluted EPS $1.35

Read from the MD&A section

5 source passages

Revenue increased by $250.4 million, or 368%, to $318.5 million for the nine months ended September 30, 2026, from $68.1 million for the nine months ended September 30, 2025. Our losses from operations were $1,041.8 million and $405.1 million for the nine months ended September 30, 2026 and 2025, respectively. Additionally, following the acquisition of SkyWater Technology, Inc. on July 31, 2026, we own a U.S.-based semiconductor foundry. On November 3, 2026, we completed our previously announced acquisition of Elisity, Inc. (“Elisity”), a Zero Trust security company. Through our IonQ Platform segment, we sell specialized quantum computing hardware, together with complementary products and services, such as quantum networking, quantum sensing and quantum security products and associated maintenance and support. Open the document at this passage

Nov 5

Current report 8-K Events of Nov 3

Elisity acquired; FY2026 guidance raised to $505 to $515 million

IonQ completed its acquisition of Elisity, issuing 32,233,274 common shares plus up to 4,265,934 earn-out shares tied to financial metrics through January 2028. Third-quarter revenue reached $173.8 million, and full-year 2026 revenue guidance increased to $505 to $515 million.

Completed an acquisition or sale of assets, Financial results, Unregistered sale of equity, Regulation FD disclosure Read from the first part of this long document

5 source passages

On November 3, 2026, IonQ, Inc. (the “Company”) completed its previously announced acquisition (the “Acquisition”) of all of the issued and outstanding shares of common stock of Elisity, Inc., a Delaware corporation (“Elisity”), pursuant to the terms of the Agreement and Plan of Merger, dated as of October 9, 2026, by and among the Company, Elisity, Espresso Acquisition Sub, Inc., a Delaware corporation and a wholly owned subsidiary of the Company, and Fortis Advisors LLC, solely in its capacity as the representative of the securityholders (the “Holder Representative”). The consideration (the “Closing Consideration”) delivered in connection with the closing of the Acquisition consists of 32,233,274 shares of the Company’s common stock, par value $0.0001 per share (each, a “Share”). In addition to the Closing Consideration, Elisity’s securityholders will be eligible to receive up to 4,265,934 Shares in earn-out consideration, depending on the achievement of financial metrics through January 2028, which, together with the Closing Consideration, constitutes the merger consideration of up to 36,499,208 Shares (the “Merger Consideration”). Recognized revenue of $173.8 million for the third quarter, which represents 336% year-on-year growth For the full year 2026, IonQ is raising its revenue guidance to between $505 million and $515 million. Open the document at this passage

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

View all 125 metrics

Revenue (TTM)

$380.44M

Trailing 12 months

Net income (TTM)

$255.24M

Trailing 12 months

Revenue growth YoY

+336.0%

Year over year

Operating margin

-333.9%

Trailing 12 months

P / E (TTM)

30.7

Trailing earnings · reciprocal yield 3.3%

FCF yield

-5.5%

TTM · current market cap

Return on invested capital

—

Trailing 12 months

Net cash

$932.30M

Latest balance sheet

Dividend yield

—

Trailing 12 months

Shares change YoY

+36.1%

Year over year · more shares

Price change (1Y)

-36.4%

Trailing year

Short interest

11.7%

Latest settlement · 2.6 days to cover

View all 125 metrics

Quarterly results

Revenue Net income Net loss

▲91.8% $11.71M −$202.00M '24 Q4* ▼0.2% $7.57M −$32.25M '25 Q1 ▲81.8% $20.69M −$176.84M '25 Q2 ▲221.5% $39.87M −$1.05B '25 Q3 ▲428.5% $61.89M $753.67M '25 Q4* ▲754.7% $64.67M $805.36M '26 Q1 ▲286.8% $80.05M −$1.87B '26 Q2 LATEST ▲336% $173.83M $563.96M '26 Q3

* Q4 derived as the full year minus Q1 to Q3.

AI Brief

Q2 FY26 earnings call · Aug 5, 2026

Q2 FY26

TL;DR. IonQ reported record Q2 2026 revenue of $80.1 million, up 287% year-on-year, driven by global quantum computer deployments, and raised full-year 2026 revenue guidance to $280–$290 million following the close of the $1.8 billion SkyWater acquisition.

Bullish

+ Q2 revenue of $80.1 million grew 287% year-on-year, the strongest quarter in company history.
+ Raised full-year 2026 revenue guidance to $280–$290 million.
+ Remaining performance obligations grew to $485 million from $122 million a year ago, up roughly 297%.
+ Closed $1.8B SkyWater acquisition, creating vertically integrated full-stack quantum platform and expanding merchant supplier role.
+ Cash, cash equivalents and investments of $3.0B provide capital to fund roadmap and operations.

Bearish

− Reported GAAP net loss of $1.87 billion in Q2, driven by a roughly $1.6 billion non-cash warrant mark-to-market loss.
− GAAP operating expenses of $417.3 million in Q2, up sharply from $181.3 million a year ago.
− Q2 guidance raised only for IonQ standalone; combined-company guidance deferred pending SkyWater integration.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Research

our published analysis of this company

Research Thesis November 3, 2026

Rigetti Computing (RGTI) Q3 2026 Earnings Preview and Forecast

We forecast Q3 2026 revenue of $1.8 million for Rigetti Computing, below the $3.68 million consensus, because both Novera systems Rigetti planned for 2026 shipped in the first half and its $8.4 million C-DAC system is booked for the fourth quarter.

Equibles Rating

blended score · not investment advice

Overall

Strong Sell

SellHoldBuy

Technical Sell Momentum Very Weak Sentiment Neutral Fundamentals Weak Quant / Vol Very High

Market backdrop VIX 19.3 · elevated Equity put/call 0.63

Technical

price trend

Sell

50 / 200-day cross No cross

Price vs 200-day avg −30%

below

Price vs 50-day avg −21%

below

RSI (14) 41

neutral

MACD trend Positive

52-week position 5%

near low

Volume (OBV) Confirms

volume backs price

Momentum

relative strength

Very Weak

1-month return −8%

trailing

6-month return −55%

trailing

YTD return −36%

this year

Relative strength −55%

vs S&P · 6-mo

Sentiment

smart money

Neutral

Trend (MA cross) No cross

50d $36 › 200d $41 — 200d above 50d

Institutional flow Distributing

748 of 813 funds reported for Sep 30 · net -4.5M sh shares · +107 new

Insider flow Flat

No net insider activity over 90 days

Short interest Rising

11.71% of shares out · ▲ +5.7% MoM · 2.6 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

813 holders — near 3-yr high, broad support

Squeeze score 58

elevated · 0–100

Fundamentals

Weak

EPS growth −17%

Y/Y

Free cash flow $-299.6M

Balance sheet $1.0B

net cash

Quant / Vol

risk profile

Very High

Volatility 94%

annualized · 1-yr

Max drawdown −63%

past year

ATR 9.6%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Beat or met 8 of last 8

Latest guidance · from the Earnings Call filed Aug 5, 2026

full year 2026

Revenue Raised $280M – $290M

May 6, 2026 $260M – $270M Aug 5, 2026 $280M – $290M

prior FY $130.02M midpoint +119.2% Y/Y

fiscal year 2026

Full year spending with Skywater under our commercial agreement $120M

Previous outlook earlier release · from the Earnings Call filed May 6, 2026

Still-open targets the latest release did not restate under the same label.

Revenues · second quarter $65M – $68M

Prior guidance period ended · from the 8-K filed May 6, 2026

Revenue · second quarter $65M – $68M

Guided vs delivered · last 8 settled

Revenue second quarter

guided $65M – $68M

guided $65M – $68M $80.05M Beat +20.4%

Revenue first quarter

guided $48M – $51M

guided $48M – $51M $64.67M Beat +30.6%

Revenue full year 2025

guided $106M – $110M

guided $106M – $110M $130.02M Beat +20.4%

Revenue third quarter

guided $25M – $29M

guided $25M – $29M $39.87M Beat +47.7%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Sell

3 · 3 · 1

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

−30% Bearish

Price vs 50-day avg

−21% Bearish

RSI (14)

41 Neutral

MACD trend

Positive Bullish

52-week position

5% Bearish

Volume (OBV)

Confirms Neutral

Market signals — smart money & positioning

Bearish · 2 of 6

Trend (MA cross) No cross

50d $36 › 200d $41 — 200d above 50d

Institutional flow Distributing

748 of 813 funds reported for Sep 30 · net -4.5M sh shares · +107 new

Insider flow Flat

No net insider activity over 90 days

Short interest Rising

11.71% of shares out · ▲ +5.7% MoM · 2.6 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

813 holders — near 3-yr high, broad support

Price context

position in its 52-week range

Range low $26 Now $29 · 5% Range high $72

vs 200-day avg -30% vs 50-day avg -21%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.

Versus peers

Computer Hardware — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
IONQ IonQ, Inc. this stock	$12.49B	-35.6%	+201.9%	—	11.7%
ANET Arista Networks, Inc.	$249.26B	+50.6%	+28.6%	53.2	1.0%
DELL Dell Technologies Inc.	$219.06B	+173.7%	+18.8%	20.0	1.6%
SNDK Sandisk Corp	$125.93B	+272.8%	+175.3%	7.1	3.5%
STX Seagate Technology Holdings plc	$121.27B	+91.8%	-36.7%	27.7	3.7%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Reducing

Holders

814

% held: 54.9%
Reported: 748 of 813
Top holder: MORGAN STANLEY

Held Float

View

Held by Funds

Fund positions

340

View

Short & Settlement

Short Interest Rising

Shares short

50.6M

Days to cover: 2.6d
Change: +2.7M sh

View

Short Volume

Short vol %

61%

As of: Nov 13, 2026

Short Total

View

Fails to Deliver

FTD shares

193.9K

Value: $6.7M
As of: Oct 14, 2026

View

Off-Exchange

Off-exchange %

50.0%

Week of: Oct 5, 2026

Off-exch Lit

View

Smart Money

Congressional Trades Buy

Member

Greg Steube

Amount: $1.0K–$15.0K
Traded: Mar 18, 2026

View

Financials

Revenue (FY)

$130.0M

Net income (FY): $-510.4M
EPS diluted: $-1.82

View

Filings

SEC Filings

Latest

8-K

Filed: Nov 13, 2026
This year: 33

IonQ appointed Gary Merrill as CFO, expected to begin December 3, 2026, and gave Thomas A. Austin a November 16, 2026 effective date as Chief Accounting Officer. Certain stockholders may resell 34,580,646 common shares.

View

Proposed Sales

Value

$253.5K

Shares: 6.7K
Filed: Sep 10, 2026

View

Earnings & Events

Webcasts

Last webcast

Nov 11, 2026

View

Investor Relations

	5D	20D	120D	MTD	YTD
IONQ	-11.5%	-7.7%	-54.6%	-3.9%	-35.6%
SPY	+2.6%	-1.2%	+0.5%	-0.2%	+10.6%
vs SPY	-14.1%	-6.5%	-55.1%	-3.7%	-46.3%

IONQ · IonQ, Inc.

Price & Indicators

Up next

Latest documents

Metrics snapshot

Quarterly results

AI Brief

Equibles Research

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance