NYSE: IONQ

IonQ (IONQ) Stock Analysis & Forecast

Sep 28 close

$44.58−0.90 (−2.0%)

Gekko Brief

AI summary

IonQ drew attention this week after BofA Securities initiated coverage with a Buy rating and a $60 price target, citing the company's semiconductor-based approach and potential to scale qubit count across broad customer applications. Separately, IonQ's Superion 256 processor has become the first on-premise quantum processor deployed at Nvidia's Accelerated Quantum Research Center, linking the company's hardware with Nvidia's AI infrastructure ahead of a planned 2027 Superion launch. Coverage also compared IonQ's trapped-ion approach with Cerebras Systems' wafer-scale AI chips as competing paths in accelerated computing.

Shares closed at $44.58, down 2% on the day, sitting between the 50-day average of $39.86 and the 200-day average of $43.59. The stock has gained 5% over one month but is down 17.3% over three months, up 62.1% over six months, and down 35.8% over a year, within a 52-week range of $25.89 to $84.64. The GekkoIndex reads 47.4, placing IonQ in the Neutral zone, down from a five-day change of -9.8. Price sits 12.2% below Gekko Fair Value of $50.76.

The next earnings report is scheduled for 4 November 2026 after the close, 36 days out, beyond a typical 20-trading-day holding window; the prior quarter showed an EPS miss against estimate with a -4.8% reaction, and average absolute reactions have run 14.3%. Over the last 30 days there have been 4 unusual options signals, with call premium of $6.0 million against put premium of $4.8 million. Seasonally, the next 20 trading days have averaged +11.9% over 5 years, rising in 2 of them. Analyst consensus among 13 firms includes 12 buy ratings and a consensus target of $67.14.

Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.

IonQ price vs fair value

$50.76$44.58Sep ’25Mar ’26Sep ’26
Close $44.58200-day averageGekko Fair Value $50.76

IonQ quick facts

Market cap
$16.64B
P/E ratio
—
Forward P/E
—
EPS, TTM
−$3.87
Revenue, TTM
$246.5M
Profit margin
0%
Dividend yield
—
Beta
3.30
Volume
34.80M avg 24.32M
1-year return
−35.8%
Typical daily move
±6.1%
Typical 20-day move
±16.5%
50-day average
$39.86
200-day average
$43.59
Next earnings
Nov 4 after close
Shares outstanding
405.1M
52-week range
$25.89$84.64

IonQ swing-trade checklist

IonQ scores 3 supportive, 3 mixed and 0 headwinds across the 6 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

3 supportive3 mixed0 headwinds

  • Trendmixed

    Averages disagree

    Close $44.58 sits between the 50-day ($39.86) and 200-day ($43.59) averages, or the averages disagree.

    See the chart
  • GekkoIndexmixed

    47.4, Neutral

    Reading 47.4 is in the Neutral zone.

    See the GekkoIndex
  • Fair valuesupportive

    12.2% below

    Price is 12.2% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneysupportive

    Leans bullish

    Last 30 days: 4 unusual options signals.

    See smart money
  • Earnings risksupportive

    Reports in 36 days

    Next report Nov 4, 2026, 36 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitymixed

    +11.9% on average

    From this point in the calendar, the next 20 trading days averaged +11.9% over 5 years, rising in 2 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

IonQ stock chart and price history

IonQ closed at $44.58 on Sep 28, 2026, −35.8% over the past year, inside a 52-week range of $25.89 to $84.64.

Close50-day average200-day averageVolume
IonQ share price, past year, with 50-day and 200-day moving averages and volume$40$60$80NovDecJan 2026FebMarAprMayJunJulAugSep44.58

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
+5.0%
3 months
−17.3%
6 months
+62.1%
1 year
−35.8%
The full IONQ chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open IONQ in Gekko

Follow IonQ through every session

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About IonQ

IonQ builds quantum computing systems designed for general-purpose use rather than a single narrow task. Its core offering is remote access to a 20-qubit quantum computer, which customers can tap into to run computations without owning the hardware themselves.

Customers reach IonQ's machines through several channels: major third-party cloud marketplaces operated by Amazon (Amazon Braket on AWS), Microsoft (Azure Quantum), and Google, alongside a cloud service that IonQ operates and offers directly. This mix of partner platforms and its own portal gives users more than one route to the same underlying computing capability.

IonQ was founded in 2015 and is headquartered in College Park, Maryland. Its shares are listed on the NYSE under the ticker IONQ.

Listed
NYSE
Sector
Electronic technology
Industry
Computer processing hardware
Website
ionq.com

IonQ GekkoIndex: the smart money zone

IonQ’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 47.4, in the Neutral zone, down 9.8 points over five sessions.

010047.4Neutral

Down 9.8 points over five sessions.

Reading for Sep 28, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying44+2.4%+7.8%+13.7%+21.6%
Accumulation241+1.0%+0.5%+4.5%+26.9%
Neutral (current zone)336+2.4%+4.5%+6.9%+25.4%
Distribution42Not available
Selling9Too few readings yet

Average IONQ share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.1% over 20 days. Past behaviour doesn’t guarantee future results.

Neutral zone: No clear directional signal. About the five zones →

See every daily GekkoIndex reading plotted over the IONQ price, zone by zone.Track IONQ in Gekko

Is IonQ stock overvalued? Gekko Fair Value

IonQ trades 12.2% below Gekko Fair Value of $50.76, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what IonQ shares are worth, recalculated every trading day.

$50.76

Gekko Fair Value, Sep 29, 2026

12.2% Undervalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open IONQ in Gekko

IonQ insider and Congress trading

No open-market insider purchases were filed for IonQ, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for IONQ in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every IONQ insider filing, plotted on the chart in Gekko.Open IONQ in Gekko

Congress trades last 90 days

No trades in IONQ were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for IONQ, plotted on the chart in Gekko.Open IONQ in Gekko

Unusual options activity last 30 days

4signals, 56% of the flagged premium in calls.

Latest: Bearish flow on Sep 26, $779K in unusual premium.

Hedge funds and billionaires quarter ended Jun 30

1of the funds Gekko tracks holds IONQ.

0added0opened1trimmed0sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko

IonQ earnings: next date and track record

IonQ reports on Nov 4, 2026, after the close (36 days away), and beat the EPS estimate in 3 of its last 8 reports.

3 of 8reports beat the EPS estimate
±14.3%average move across the report
4 of 8reports followed by a gain

Share-price move across each report

+44.0%Nov ’24−16.2%Feb ’25+8.2%May ’25−3.6%Aug ’25+7.6%Nov ’25+29.3%Feb ’26−0.7%May ’26−4.8%Aug ’26

Last earnings call, Aug 5, 2026 AI summary

What they said
IonQ reported Q2 2026 revenue of $80.1 million, representing 287% year-over-year growth and marking its fifth consecutive record quarter. The company completed its SkyWater acquisition, adding quantum semiconductor manufacturing to its platform. IonQ received its first fully integrated QPUs from SkyWater, now undergoing testing, with 256-qubit systems planned for commissioning in 2027. The company achieved 99.99% two-qubit gate fidelity using electronic qubit control.
Guidance
IonQ plans to begin commissioning 256-qubit systems in 2027. Management indicated continued momentum across quantum computing, networking, security, sensing, and semiconductor manufacturing verticals. Full 2026 guidance details to be provided by CFO Inder Singh.
ReportedEPSSurpriseRevenueSurpriseMove
Aug 5, 2026−$0.72
est −$0.59
−22.0%$80.05M
est $66.42M
+20.5%−4.8%
May 6, 2026$2.07
est −$0.46
+548.5%$64.67M
est $49.75M
+30.0%−0.7%
Feb 25, 2026$1.93
est −$0.48
+502.1%$61.89M
est $40.38M
+53.3%+29.3%
Nov 5, 2025−$3.58
est −$0.44
−713.6%$39.87M
est $26.99M
+47.7%+7.6%
Aug 6, 2025−$0.70
est −$0.13
−438.5%$20.69M
est $17.23M
+20.1%−3.6%
May 7, 2025−$0.14
est −$0.26
+46.2%$7.57M
est $7.51M
+0.8%+8.2%
Feb 26, 2025−$0.93
est −$0.23
−304.3%$11.71M
est $10.28M
+13.9%−16.2%
Nov 6, 2024−$0.24
est −$0.22
−10.8%$12.40M
est $10.56M
+17.4%+44.0%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

IonQ stock forecast and analyst price targets

Analysts’ average 12-month price target for IonQ is $67.14, +50.6% from the last close, from 13 firms rating the stock in the last 90 days.

$67.14consensus 12-month target, +50.6% from the last close
Low $49High $100
Buy12
Hold1
Sell0

Each firm’s latest rating in the last 90 days: 13 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 28Bank of America SecuritiesBuy, initiated$60+34.6%
Sep 22WedbushBuy, maintained$75+68.2%
Sep 21B. Riley SecuritiesBuy, reiterated$100+124.3%
Sep 17Craig-HallumBuy, maintained——
Sep 10Northland SecuritiesBuy, reiterated$70+57.0%
+6.9%average 20-day move after past Neutral readings
+11.9%average move over the next 20 trading days in the last 5 years
±6.1%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

IonQ seasonality: the next 20 trading days

Over the next 20 trading days from Sep 26, IonQ averaged +11.9% across the last 5 years, rising in 2 of them.

Next 20 trading days, by year

−13.9%2021+5.6%2022−16.0%2023+94.9%2024−10.4%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+1.8%4 of 5
Next 10 trading days+5.9%4 of 5
Next 15 trading days+12.4%3 of 5
Next 20 trading days+11.9%2 of 5
Next 30 trading days+36.2%3 of 5

For scale, IONQ’s typical 20-trading-day move in either direction is about 16.5%.

IonQ market cap and key statistics

IonQ’s market cap is $16.64B and revenue of $246.5M over the last twelve months.

Valuation

Market cap
$16.64B
EPS, TTM
−$3.87
Gekko Fair Value
$50.76

Trading

Volume
34.80M
Avg volume, 20 days
24.32M
52-week high
$84.64
52-week low
$25.89
Shares outstanding
405.1M

Financials

Revenue, TTM
$246.5M
Profit margin
0%
Return on equity
-60.5%
Quarterly earnings growth, YoY
0.0%

Risk and income

Beta
3.30
Typical daily move
±6.1%
Typical 20-day move
±16.5%

IonQ stock news this week

Coverage of IonQ this week reads positive: 4 positive, 0 neutral and 0 negative headlines.

News sentiment positive

IonQ peers

IonQ’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
DELLDell Technologies−1.5%Neutral18.8% above
HPEHewlett Packard Enterprise−0.2%Neutral14.4% above
SMCISuper Micro Computer−2.3%Neutral10.0% above
ZBRAZebra Technologies+0.4%Neutral20.5% above
QBTSD-Wave Quantum−1.3%Neutral30.8% below
RGTIRigetti Computing−3.0%Neutral23.9% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

IonQ stock FAQ

What is IonQ’s market cap?

IonQ’s market cap is $16.64B at the Sep 28, 2026 close of $44.58, with 405.1M shares outstanding.

What is the IonQ stock forecast?

The consensus analyst 12-month price target for IonQ is $67.14, +50.6% from the last close. Of the 13 firms that rated the stock in the last 90 days, 12 rate it a buy, 1 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is IonQ stock overvalued or undervalued?

On Gekko’s estimate IonQ is undervalued: the Sep 28, 2026 close of $44.58 is 12.2% below Gekko Fair Value of $50.76. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does IonQ report earnings next?

IonQ is expected to report on Nov 4, 2026, after the market closes (36 days away). Analysts expect earnings of −$0.32 per share on revenue of $141.7M. IonQ beat the earnings estimate in 3 of its last 8 reports, moving 14.3% on average across the report.

What is IonQ’s 52-week high and low?

IonQ’s 52-week high is $84.64 and its 52-week low is $25.89; it closed at $44.58 on Sep 28, 2026, −35.8% over the past year.

Is IonQ stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 6 items with data read as supportive (fair value, smart money and earnings risk), 3 as mixed (trend, gekkoindex and seasonality). The checklist is a description of current data, not a recommendation.

Is there unusual options activity in IonQ?

Gekko flagged 4 unusual options signals in IonQ over the last 30 days, with $6.03M of flagged premium in calls and $4.75M in puts. The latest, bearish flow, was on Sep 26, 2026 with $779K in unusual premium. The signal-by-signal table is in Gekko.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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