IONQ Inc (IONQ) Stock Analysis
Verdict: WATCH (do not buy)
Hyper-growth from SkyWater integration and quantum scaling is offset by $300M+ annual cash burn, insider selling, and high 35x forward P/S.
Investment score: 43/100
Analysis as of
Is IONQ Inc stock worth reviewing? AI model thesis
IonQ demonstrates sector-leading revenue growth and technical validation in trapped-ion quantum computing, supported by a $2.12B cash buffer and a $485M order backlog. However, severe cash burn, dilution from the SkyWater acquisition, and a Beta of 3.41 keep risk levels high at current price levels.
7-factor investment score
- Valuation: 25/100 (weight 20%)
- Financial Health: 60/100 (weight 15%)
- Technical Momentum: 30/100 (weight 15%)
- Earnings Quality: 65/100 (weight 15%)
- Insider Sentiment: 25/100 (weight 10%)
- Analyst Consensus: 75/100 (weight 10%)
- Risk-Adjusted Return: 30/100 (weight 15%)
IONQ Inc opportunities and risks
What speaks for IONQ
- SkyWater acquisition elevates 2026 revenue guidance to $450M-$460M.
What speaks against IONQ
- Accelerating operating losses and structural cash burn.
Peers and competitors
| Ticker | P/E | P/S | EV/EBITDA | Gross margin | Net margin | FCF yield |
|---|---|---|---|---|---|---|
| IONQ | n/a | 55.0x | 6.8x | 36.3% | -573.6% | -3.6% |
| HPE | 34.7x | 2.2x | 17.0x | 36.0% | 6.6% | 4.5% |
| P | 203.1x | 12.0x | 118.9x | 69.7% | 5.9% | 0.2% |
| NTAP | 33.2x | 6.3x | 22.2x | 70.6% | 19.2% | 3.5% |
| HPQ | 11.2x | 0.5x | 8.1x | 19.8% | 4.1% | 14.2% |
| SMCI | 10.9x | 0.7x | 8.1x | 10.8% | 5.7% | -27.1% |
| Peer median | 33.2x | 2.2x | 17.0x | 36.0% | 5.9% | 3.5% |
Frequently asked questions about IONQ Inc (IONQ)
Is IONQ stock a good investment?
The cached TradeMates AI model rates IONQ Inc as WATCH (do not buy) with an investment score of 43/100. IonQ demonstrates sector-leading revenue growth and technical validation in trapped-ion quantum computing, supported by a $2.12B cash buffer and a $485M order backlog. However, severe cash burn, dilution from the SkyWater acquisition, and a Beta of 3.41 keep risk levels high at current price levels. This is algorithmic model output, not personal investment advice.
Is IONQ stock a buy?
The TradeMates model verdict for IONQ is WATCH (do not buy) with an investment score of 43/100. Treat this as a model signal to review, not a personal buy recommendation.