TLDR
- IonQ stock has gained 58.1% over the past month and 432% over the past year, crushing the S&P 500’s 11% annual return
- The quantum computing company expects revenue growth of 97.3% for the current fiscal year to $85 million
- Analysts have revised earnings estimates upward by 53.6% for the current quarter and 58.4% for the full year
- IonQ beat earnings expectations in two of the last four quarters and topped revenue estimates in all four quarters
- The stock receives a Zacks Rank #2 (Buy) rating but trades at a premium valuation with an F grade on value metrics
IonQ stock has delivered exceptional returns over the past year. The quantum computing company’s shares have surged 432% in the last 12 months. This performance crushes the S&P 500’s 11% return and the Nasdaq’s 13% gain over the same period.
The stock’s momentum has accelerated recently. IonQ shares gained 58.1% in the past month alone. The S&P 500 composite managed just 8.2% during this timeframe.
IonQ operates in the Computer – Integrated Systems industry. This sector has gained 16.6% over the past month. The company’s outperformance extends well beyond its industry peers.
Wall Street analysts have been revising their earnings forecasts upward. The consensus estimate for the current quarter improved by 53.6% over the last 30 days. IonQ expects to report a loss of $0.13 per share for the quarter.
The annual earnings outlook has also improved. Analysts raised their full-year estimates by 58.4% in the past month. The consensus calls for a loss of $0.47 per share for the current fiscal year.
Revenue Growth Expectations Remain Strong
IonQ’s revenue projections show substantial growth ahead. The company expects $17.02 million in quarterly revenue. This represents a 49.6% increase from the same period last year.
Annual revenue estimates paint an even stronger picture. Analysts project $85 million in revenue for the current fiscal year. This would mark a 97.3% increase from the previous year.
The following year looks promising as well. Revenue estimates of $133.46 million indicate 57% growth. These projections suggest the quantum computing market is expanding rapidly.
IONQ has 10x more assets then liabilities making it an extremely strong and funded company: pic.twitter.com/GWy7TDHKkL
— Michael & Esther (@SuperLuckeee) May 22, 2025
IonQ’s recent earnings history shows mixed results but improving trends. The company reported $7.57 million in revenue for the last quarter. This was essentially flat compared to the prior year with a decline of 0.1%.
The earnings per share figure improved from the previous year. IonQ posted a loss of $0.14 per share compared to $0.19 in the prior year period.
Earnings Surprises Provide Positive Momentum
IonQ has delivered earnings surprises in recent quarters. The company beat analyst expectations in two of the last four quarters. More impressively, it topped revenue estimates in all four quarters.
The most recent quarter showed strong surprise metrics. Revenue of $7.57 million exceeded the $7.5 million consensus estimate. The earnings surprise was even more pronounced at 50% above expectations.
These consistent revenue beats suggest the company may be conservative in its guidance. The pattern also indicates growing demand for quantum computing services.
IonQ faces valuation concerns despite strong performance. The stock receives an F grade on Zacks Value Style Score. This indicates the shares trade at a premium compared to industry peers.
Traditional valuation metrics appear stretched given the company’s current losses. However, growth investors may justify higher multiples based on revenue expansion prospects.
The quantum computing sector attracts competition from major technology companies. Nvidia, Alphabet, Amazon, and Microsoft all invest heavily in quantum computing development. These companies develop both custom chips and software for quantum applications.
IonQ receives a Zacks Rank #2 (Buy) rating based on recent estimate revisions. The rating system considers earnings estimate changes as a primary factor. Recent upward revisions support the positive ranking despite valuation concerns.
The stock’s 52-week range spans from $6.22 to $54.74. Current trading levels near $45.67 remain well above the annual low. The quantum computing company maintains an $11 billion market capitalization.
Trading volume has increased with the stock’s recent momentum. Average daily volume exceeds 21 million shares. This liquidity supports institutional interest in the quantum computing space.
IonQ’s gross margin of 0.69% reflects the early-stage nature of quantum computing commercialization. Revenue growth expectations of 97.3% for the current fiscal year and 57% for the following year indicate accelerating business development.
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