IonQ shares are down 24% over the past month to $30.92 and fell about 4% in the afternoon session. The decline followed two October moves: an all-stock agreement to buy cybersecurity firm Elisity on October 12 and a large equity offering on October 14, which raised dilution concerns. Peers fell more sharply, with D-Wave Quantum down 35% and Rigetti Computing down 31% over the same period, suggesting a broader sell-off in quantum pure plays. The article presents two views: bears argue the extra shares could cap any rebound until Elisity's revenue becomes clear, while bulls see IonQ's relative resilience as a sign of rebound potential. The article says the current evidence does not clearly favor either side.
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- Prediction: Here's What a $1,000 Investment in IonQ Stock Could Be Worth in 5 Years
This article considers a $1,000 investment in IonQ, a pure-play quantum computing company that uses trapped-ion qubits. Second-quarter sales reached $80.1 million, up 287% year over year, but the operating loss was $337 million; after the SkyWater Technology acquisition closed in July, full-year revenue guidance rose by about $170 million to $450 million to $460 million, and the company holds about $2 billion in cash and investments. The author outlines a bullish case where sales grow 50% annually to $3.5 billion by 2031, and a bearish case where revenue grows 15% annually to $915 million while management uses dilutive stock sales to fund the losses. The author suspects the bearish scenario is closer to what will happen.
- If I Had $1,000 to Invest Today, Here's Why I Wouldn't Buy IonQ Stock
The author argues quantum computers are valuable for solving problems that normal computers can't handle efficiently, but says IonQ remains deeply unprofitable. Its second-quarter sales reached $80.1 million, up 287% year over year, helped by hardware sales, cloud access and acquisitions, and full-year revenue is now expected at $450 million to $460 million after the SkyWater deal. Operating losses hit $337 million in the quarter, more than four times revenue, and the company burns about $450 million in cash annually. With $2 billion in cash and investments, it has roughly a four-year runway, while the stock trades at a price-to-sales ratio above 40. The author believes investors have gotten ahead of themselves and expects the valuation to compress significantly.
- Is IonQ Stock A Buy Today, Down By Half In A Year?
IonQ (IONQ) stock fell 50.3% over the past year, while the S&P 500 returned 17.1%, even as management called the second quarter of 2026 its fifth consecutive record quarter. A buyer pays 46.6 times trailing sales, versus 3.1 times for the S&P 500, for revenue of $246 million in the twelve months to June 30, up 370.6%, with organic revenue up 132% in the second quarter. Remaining performance obligations rose to $485 million from $122 million a year earlier, while the operating loss equaled 408.2% of revenue. IonQ held $2.1 billion in cash and short-term investments, priced a $2.0 billion equity offering on October 14, and agreed to buy Elisity in an all-stock deal worth up to $1.3 billion, which will dilute existing shareholders when it closes. The next report, expected around November 11, 2026, will be the first to cover a quarter in which IonQ owned SkyWater, bought for $1.8 billion.
- If I Could Only Buy 1 Quantum Computing Stock With $1,000, It Would Be This One.
The author says that if limited to $1,000 for quantum computing, IonQ would be the pick, though as a speculative holding within a diversified portfolio. The technology could greatly speed up computing, but fragile qubits and high error rates mean widespread commercial use may be years away. IonQ uses trapped-ion technology, offers quantum-as-a-service, and partners with Nvidia; its first-half 2026 revenue rose 412%, yet free cash flow was negative $273 million, against about $2.1 billion in liquidity. The article calls its valuation, at 44 times price-to-sales, poorly aligned with its financial condition. It also warns the sector may face a shakeout like early internet search, putting smaller peers such as Rigetti and D-Wave at risk.
- Martin Shkreli Warns on Quantum Stocks: “They’ll Never Beat an NVIDIA Machine”
On the All-In podcast, Martin Shkreli argued that quantum computers will never beat NVIDIA GPUs at AI, noting that GPUs spend 99.9% of their time multiplying lists of numbers while quantum machines lack real memory and offer speedups only for narrow problems. He expects AI workloads to stay on GPUs, so IonQ, Rigetti and D-Wave must earn their valuations in smaller markets such as security and research. The article notes Rigetti burned $77.2 million in free cash flow in fiscal 2025 on roughly $13 million of revenue, while IonQ agreed to buy cybersecurity firm Elisity in an all-stock deal worth up to $1.3 billion. IonQ trades at 19.5x forward sales, its lowest in three years, though that price still assumes a much larger market than it has today.
- Prediction: IonQ Could 10x by 2035
The author argues IonQ, with a $12 billion market cap, could rise tenfold to about $120 billion by 2035 if quantum computing takes off. IonQ's trapped-ion approach holds the world record in two-qubit gate fidelity, and its 256-qubit quantum computer, expected in early 2027, has already drawn several orders. The company also closed its SkyWater acquisition for chip fabrication and bought cybersecurity platform Elisity, though it is currently unprofitable. Reaching $120 billion at 10 times sales would require about $12 billion in annual revenue, versus just over $800 million analysts project for next year. The article cites industry expectations of viable commercial quantum computers around 2029 and McKinsey's projection of up to $72 billion in annual industry revenue by 2035, but notes there is no guarantee IonQ will succeed.
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