Why IonQ stock moves
IonQ rose very sharply.
Written after the close on ·
Updated 02:00 with news that came after the close
Why today
16,437 news analyzed todayIonQ rose very sharply.
IonQ jumped, moving far more than the S&P 500 and the Technology sector, and the sector was up as well.
Earnings published after the prior close beat expectations, with revenue more than tripling and the full-year revenue forecast raised.
The move was very big for IonQ, about seven times a normal day, and trading was well above its usual level.
Over the last five trading days the stock still rose clearly, though the S&P 500 and the Technology sector both fell sharply.
Today's move of +23.42% was 7.5 times a normal day's 3.1%. S&P 500 moved +0.31% on the same day.
IonQ +23.42%S&P 500 +0.31%Much stronger than the market
What analysts expect, and how often they have been right
Analysts’ estimates for IonQ.
IonQ earned more than expected in 3 out of 8 reports.
For comparison, about 82% of reports from US companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 7 out of 8 reports with a measured move, against about 55% of reports from US companies.
Ratings
Price targets
Latest price $32.62
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expected$
Next reported quarter: expected earnings per share of -$0.83 (February 24). For the current fiscal year, expected earnings per share changed from -$3.73 three months ago to -$4.12 now. 2026 estimate: -$4.12. 2027 estimate: -$3.14.
Has the share price followed the business?
Price and earnings moved in the same direction: 0 out of 3 years. Across US companies, that happens in about 65% of years. In 2025, the price changed +7% and earnings per share went from -$1.56 to -$1.82.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.$B
Assets, liabilities and market cap
AssetsLiabilitiesMarket cap$B
Price and earnings moved in the same direction: 0 out of 3 years.Market cap (Now): $15.2BRevenue 2025: $130M
What the key figures say about IonQ
The figures connect what IonQ earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: -$1.82–-$0.25. Peers: Super Micro Computer $4.74, HP $2.62, Western Digital $28.43. 2026 estimate: -$4.12 (-$4.74–-$2.42). 2027 estimate: -$3.14 (-$3.73–-$2.28).
What the company sold during the year.
2022–2025: $11.1M–$130M. Peers: Super Micro Computer $54.0B, HP $59.2B, Western Digital $14.5B. 2026 estimate: $466M ($455M–$515M). 2027 estimate: $827M ($642M–$1.0B).
The percentage of revenue left after the costs of running the business.
2022–2025: −770.3%–−487.4%. Peers: Super Micro Computer 7.1%, HP 6.6%, Western Digital 40.7%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: −86.4%–−8.5%. Peers: Super Micro Computer 32.4%, Western Digital 129.6%.
What investors pay for each unit the company sells.
2022–2025: 61.95–215.21. Peers: Super Micro Computer 0.35, HP 0.43, Western Digital 6.82. 2026 estimate: 32.56. 2027 estimate: 18.32.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 1.21–24.15. Peers: Super Micro Computer 1.60, Western Digital 10.55.
Cash left after investments, divided by the number of shares.
2022–2025: -$0.83–-$0.29. Peers: Super Micro Computer -$10.58, HP $4.30, Western Digital $11.46.
The percentage of assets financed by shareholders’ equity.
2022–2025: 57.8%–95.0%.
What to watch next, and why
The earnings report shows how IonQ's revenue and profit have changed.
- Earnings report
The earnings report shows how IonQ's revenue and profit have changed.
Add to calendar
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 15 report days IonQ usually moved about 9.3%. On a normal day it moves 3.1%.
+23.42% Why? −0.53% −9.30% +21.70%
$10,000 in IonQ bought on January 4, 2021 is worth $30,200 today, with dividends reinvested.
The same amount in S&P 500 with dividends would have become $21,500.
What would $10,000 in IonQ be worth today? →
What would $10,000 in IonQ be worth today?
$30,200
with dividends reinvested, bought on January 4, 2021. The same amount in S&P 500 with dividends would have become $21,500.
At worst it was worth $2,870 (December 27, 2022).
The five biggest days of the journey
· −39.0% · the whole market rose 0.2% the same day
· +36.5% · the whole market was unchanged the same day
· +34.4% · the whole market rose 0.7% the same day · report day
· +33.5% · the whole market rose 1.8% the same day
· +33.1% · the whole market rose 0.4% the same day · report day
Earlier days
+8.59% market −2.70% IonQ, the quantum computing company listed on the NYSE, rose clearly over the week's trading days, moving against a falling S&P 500 and a falling technology sector. Read →
IonQ, the quantum computing company listed on the NYSE, rose clearly over the week's trading days, moving against a falling S&P 500 and a falling technology sector.
The main driver was its strong quarterly report, released after the market closed on Thursday, with record revenue and a raised full-year revenue forecast.
Friday's session was the big one: the shares jumped very sharply, a move rarely seen in the past year, on heavy trading.
The report also showed a backlog of $1.2 billion, which likely reassured investors despite a broad tech selloff.
−10.53% market −4.41% IonQ fell sharply, moving more than the market. Read →
IonQ fell sharply, moving more than the market.
Quantum stocks slid together on a chip-sector selloff and high-risk investor mood, with no IonQ news behind it.
Over the last five trading days it fell sharply too, and the move was big for IonQ.
Wedbush cut its price target, the share price it sees as fair, on IonQ earlier that day.
Learn more · Why do stocks move on earnings day? · Why do stocks go up and down?