IonQ, Inc. engages in the development of general-purpose quantum computing systems. It sells access to quantum computers with 11 qubits. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services' (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service. IonQ, Inc. was incorporated in 2015 and is headquartered in College Park, Maryland.
IPO Year: 2021
Exchange: NYSE
Website: ionq.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/11/2023 | $12.00 → $21.00 | Buy | Craig Hallum |
4/26/2023 | $7.00 | Equal-Weight | Morgan Stanley |
6/8/2022 | $9.00 | Buy | Needham |
12/17/2021 | $28.00 → $22.00 | Neutral | Goldman Sachs |
11/22/2021 | $28.00 | Neutral | Goldman Sachs |
The Learning Series will introduce quantum technologies, applications, and resources that can be incorporated into research, courses and curriculaClemson University will be the first university to integrate the Faculty & Research Learning Series, providing free sessions to faculty and researchersIonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced the launch of its new Faculty & Researcher Learning Series in partnership with South Carolina Quantum (SCQ). The Learning Series is the first event following the March agreement between IonQ and SCQ to accelerate the introduction of quantum technologies in academia and business across South Carolina. Learning Series' member
IonQ's (NYSE:IONQ) short percent of float has fallen 18.15% since its last report. The company recently reported that it has 36.66 million shares sold short, which is 19.07% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.97 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is im
Throughout the last three months, 4 analysts have evaluated IonQ (NYSE:IONQ), offering a diverse set of opinions from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 0 1 0 0 Last 30D 1 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $16.38, a high estimate of $18.00, and a low estimate of $11.50. This current average has incre
Needham analyst Quinn Bolton reiterates IonQ (NYSE:IONQ) with a Buy and maintains $18 price target.
Needham analyst Quinn Bolton reiterates IonQ (NYSE:IONQ) with a Buy and maintains $18 price target.
For the full year 2024, IonQ is increasing its bookings expectation range to between $75 million and $95 million.
IonQ Inc (NYSE:IONQ) reported first-quarter financial results Wednesday after the bell. Here’s a look at what you need to know. Q1 Earnings: IonQ said first-quarter revenue increased 77% year-over-year to $7.582 million, which beat the consensus estimate of $7.075 million, according to Benzinga Pro. The quantum computing company reported a quarterly loss of 19 cents per share, which beat analyst estimates for a loss of 24 cents per share. IonQ said it achieved $300,000 worth of new bookings in the first quarter. The company ended the quarter with $434.4 million in cash, equivalents and investments. “We kicked the year off with strong revenue results, once again outperforming the hig
IonQ (NYSE:IONQ) reported quarterly losses of $(0.19) per share which beat the analyst consensus estimate of $(0.24) by 20.83 percent. This is a 35.71 percent decrease over losses of $(0.14) per share from the same period last year. The company reported quarterly sales of $7.582 million which beat the analyst consensus estimate of $7.075 million by 7.16 percent. This is a 76.94 percent increase over sales of $4.285 million the same period last year.
President and CEO Peter Chapman plenary session to highlight significant advancements which will accelerate quantum innovation IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced President and CEO Peter Chapman's plenary session on Wednesday, September 11 at Quantum World Congress 2024. The annual technology event connects industry-leading researchers, academics, developers, legislators, policy makers and quantum computing experts, as they discuss and present the latest innovations in the global quantum ecosystem. Chapman will discuss IonQ's perspective on the quantum industry and share exciting new developments that are accelerating quantum innovation. He will
Independent Director of the Board Harry You–former CFO of Accenture and Oracle–also appointed as next Lead Independent Director of the Board IonQ (NYSE:IONQ), a leader in the quantum computing industry, announced today the appointment of Peter Chapman as its next Chairman of the Board and Harry You as the Lead Independent Director of the Board, effective at the close of IonQ's upcoming Annual General Meeting on June 5, 2024. Both appointments were disclosed in a proxy statement issued on April 25, 2024. Peter Chapman has also been nominated for re-election as a Class III director at the meeting, and his chairmanship will take effect assuming he is re-elected. "Last quarter we were del
The quantum applications team is focused on accelerating the path to commercial quantum advantage Roetteler's decades of quantum industry experience include leadership roles at Microsoft and NEC Laboratories IonQ (NYSE:IONQ), a leader in quantum computing, today announced the addition of industry expert, Dr. Martin Roetteler, as its new Head of Quantum Applications. Roetteler will lead IonQ's Quantum Applications development team, which identifies commercial applications of IonQ's world-leading trapped ion quantum computing technologies and delivers business value to customers. Additionally, he will drive innovation in the algorithms space across chemistry, materials science, optimiza
Cardillo's decades of federal leadership and strategic consulting experience will guide the development of IonQ products and partnerships that align with the needs of the U.S. and its global allies IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced the appointment of Robert Cardillo – Chairman and Chief Strategist of Planet Federal and former Director of the National Geospatial-Intelligence Agency – to its Board of Directors. In this role, Cardillo will expand upon IonQ's work with the U.S. government and its allies in establishing public-private partnerships that position IonQ as a global leader in the quantum economy. This press release features multimedia. V
Scannell's nearly four decades of sales experience at Dell Technologies will play a crucial role in helping IonQ navigate its next phase of growth and innovation IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced the appointment of Bill Scannell, President of Global Sales and Customer Operations at Dell Technologies, to its Board of Directors. As a member of the Board of Directors, Scannell will provide input and direction for IonQ's system sales strategy and help strengthen the company's leadership position in the quantum economy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240228956459/en/Bill S
The newly-launched Amazon Braket Direct program expands access to the most innovative quantum systems available on Amazon Braket with no upfront fees or subscriptions Customers can connect with IonQ application development experts directly via Amazon Braket Direct, receiving tailored support to leverage the full capabilities of IonQ quantum systems IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced the first public availability of IonQ Forte on Amazon Braket, through the Braket Direct Program. Amazon Braket is a fully managed quantum computing service from Amazon Web Services (AWS). Complementing existing on-demand access, customers can now use Braket Direct t
Margaret Arakawa joins as Chief Marketing Officer Kurt Kennett joins as Vice President of Software New leadership roles follow a year of record growth, including a $25.5M deal with US AFRL and achieving #AQ 29 on a barium platform IonQ (NYSE:IONQ), an industry leader in quantum computing, today announced the appointment of Margaret Arakawa as Chief Marketing Officer. She brings several decades of leadership experience to IonQ, having grown end-to-end ecosystems at startups and enterprise companies. "Margaret's arrival could not be better timed as we move to IonQ's next phase of growth," said Peter Chapman, CEO and President at IonQ. "IonQ brings together leading innovators and build
Co-founder and Chief Scientist Dr. Chris Monroe to depart IonQ to return to his academic, research and policy pursuits IonQ (NYSE:IONQ), an industry leader in quantum computing, today announced that Dr. Chris Monroe, Chief Science Officer, will be leaving the company. Dr. Monroe co-founded IonQ in 2015 and his scientific contributions and leadership have played an instrumental role in shaping IonQ's research efforts. As Gilhuly Family Distinguished Presidential Professor of Physics and Electrical Computer Engineering at Duke University, Dr. Monroe will be returning to his academic, research, and policy pursuits. He will continue to lead research in quantum computing technology, educate
Key personnel additions bolster IonQ's leadership in quantum industry, commitment to bottomline growth and revenue generation IonQ (NYSE:IONQ), an industry leader in quantum computing, today announced two new additions to the company with the hiring of Rima Alameddine as IonQ's Chief Revenue Officer (CRO), and the appointment of Wendy Thomas, President and CEO of Secureworks, to the IonQ Board of Directors. As the CRO, Alameddine joins IonQ's leadership team directly from NVIDIA, where she served as Vice President of Enterprise Sales for the Americas across multiple industries. At IonQ, she will lead the company's commercial strategy to make quantum applications a widely-accessible realit
Veteran tech executive joins IonQ's seasoned board of directors, bringing decades' worth of engineering ops and enterprise experience IonQ (NYSE:IONQ), an industry leader in quantum computing, today announced the appointment of Kathy Chou, SVP of SaaS Engineering at Nutanix, to the IonQ Board of Directors. As a member of the Board of Directors, Chou will help support IonQ's work to build the world's best quantum computers to solve the world's most complex problems. "It is an incredible privilege to have Kathy join our Board of Directors. She brings with her an enormous wealth of knowledge from her impressive career and tenure at some of the world's largest tech companies, and her expert p
Margaret Arakawa, Chief Marketing Officer at IonQ, discusses "Preparing for a Quantum Leap" with industry leaders from IBM and Rensselaer Polytechnic Institute IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced its participation in Fast Company Innovation Festival, taking place September 16-19 in New York City. Live and in person, the 2024 Fast Company Innovation Festival will convene thousands of makers and innovators from across the globe for four days of inspired conversation, purposeful networking, and meaningful takeaways. This year's speakers include Satya Nadella, CEO of Microsoft, Netflix Co-CEO Ted Sarandos, Ryan Reynolds, producer, actor and entrepreneu
The company will also join industry leaders to discuss quantum computing standards, application development, and innovations in quantum routing IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced its participation in the fifth annual IEEE Quantum Week — the IEEE International Conference on Quantum Computing and Engineering September 15-20, 2024. IEEE Quantum Week gives attendees the space to discuss industry challenges and opportunities to help bridge the gap between the science of quantum computing and the development of an industry surrounding it. "The IEEE Quantum Week conference gives IonQ scientists and researchers the unique opportunity to talk with quantum
IonQ surpasses "three 9's" two-qubit gate fidelity, a significant milestone in high-performance, enterprise-grade quantum computing IonQ (NYSE:IONQ), a leader in the quantum computing industry, recently announced that it has surpassed "three 9's" (99.9%) two-qubit gate fidelity on one of its next-generation barium development platforms. This is a crucial step along IonQ's technical roadmap for developing practical, commercial quantum solutions. This achievement highlights IonQ's dedication to research and development, and underscores the company's commitment to bringing to market the highest-performing quantum computers in the world. The company demonstrated optimized two-qubit gates on b
The university's renewed investment in the National Quantum Laboratory bolsters Maryland's leadership in quantum computing COLLEGE PARK, Md., Sept. 11, 2024 /PRNewswire/ -- The University of Maryland, an international powerhouse in quantum research and applications, and IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced they have signed a $9 million agreement to expand their partnership to provide state-of-the-art quantum computing access at the National Quantum Lab at Maryland (QLab). Since its launch in 2021, QLab has provided UMD-affiliated students, faculty, researchers, staff and partners with an unprecedented opportunity to work closely with IonQ's scientists
The University's investment in the National Quantum Lab helps further cement Maryland's leadership in quantum computing IonQ (NYSE:IONQ), a leader in the quantum computing industry, and the University of Maryland (UMD), an international powerhouse in quantum research and applications, today announced an agreement to expand their partnership to provide state-of-the-art quantum computing access at the National Quantum Lab at Maryland (QLab). QLab provides UMD-affiliated students, faculty, researchers, staff and partners with an unprecedented opportunity to work closely with IonQ's scientists and engineers as they gain experience with industry-leading trapped ion quantum computers. UMD's inv
President and CEO Peter Chapman plenary session to highlight significant advancements which will accelerate quantum innovation IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced President and CEO Peter Chapman's plenary session on Wednesday, September 11 at Quantum World Congress 2024. The annual technology event connects industry-leading researchers, academics, developers, legislators, policy makers and quantum computing experts, as they discuss and present the latest innovations in the global quantum ecosystem. Chapman will discuss IonQ's perspective on the quantum industry and share exciting new developments that are accelerating quantum innovation. He will
Aspiring students and researchers showcase the breadth of quantum computing in areas such as healthcare, energy and engineering IonQ (NYSE:IONQ) and Classiq, leaders in the quantum computing industry, today announced that winners of this year's annual UK Quantum Hackathon – hosted by the National Quantum Computing Centre's (NQCC) – used IonQ quantum computers and Classiq's software among several other quantum systems, when developing solutions for novel quantum applications. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240821108862/en/IonQ QPUs and Classiq Software Power Winning Projects at the UK's National Quantum Computin
IonQ delivers the heart of its quantum computer – the ion trap – to QuantumBasel IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced the delivery of its innovative ion trap to its European quantum data center in QuantumBasel. The delivery marks an important milestone in the manufacturing of the company's most powerful and scalable system – IonQ Forte Enterprise – which will scale to 35 algorithmic qubits (#AQ) and be capable of considering more than 34 billion different possibilities simultaneously. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240813717294/en/Photo of ion trap (Image courtesy of Ion
Second Quarter Results of $11.4 Million in Revenue, Exceeding High End of Guidance Range, Representing 106% Year-Over-Year Growth Secures $9 Million in Bookings, Including System Design Win with ARLIS Demonstrates Company Record Two-Qubit Native Gate Fidelity of 99.9%, Paving the Way for Highly Accurate Quantum Systems Announces Discovery of Partial Error Correction Technique, Bringing Quantum Era Within Reach Raises Full Year Revenue Guidance Range to Between $38 Million and $42 Million IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced financial results for the quarter ended June 30, 2024. "This was a tremendous quarter for IonQ, with the company pos
Represents significant step towards error correction, enabling faster, more accurate quantum applications with near term computers IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced a new breakthrough towards running large applications on near term quantum systems using partial error correction. The technique is an order of magnitude more efficient than the best error correction techniques known today. In a recent paper, IonQ researchers describe a novel way to reduce noise in some of the most common and noisy operations used in quantum applications, called Clifford gates. The partial error correction scheme known as Clifford Noise Reduction (CliNR) uses a mod
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Craig Hallum reiterated coverage of IonQ with a rating of Buy and set a new price target of $21.00 from $12.00 previously
Morgan Stanley initiated coverage of IonQ with a rating of Equal-Weight and set a new price target of $7.00
Needham initiated coverage of IonQ with a rating of Buy and set a new price target of $9.00
Goldman Sachs reiterated coverage of IonQ with a rating of Neutral and set a new price target of $22.00 from $28.00 previously
Goldman Sachs initiated coverage of IonQ with a rating of Neutral and set a new price target of $28.00
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Second Quarter Results of $11.4 Million in Revenue, Exceeding High End of Guidance Range, Representing 106% Year-Over-Year Growth Secures $9 Million in Bookings, Including System Design Win with ARLIS Demonstrates Company Record Two-Qubit Native Gate Fidelity of 99.9%, Paving the Way for Highly Accurate Quantum Systems Announces Discovery of Partial Error Correction Technique, Bringing Quantum Era Within Reach Raises Full Year Revenue Guidance Range to Between $38 Million and $42 Million IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced financial results for the quarter ended June 30, 2024. "This was a tremendous quarter for IonQ, with the company pos
IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced that the company will release its financial results for the quarter ended June 30, 2024, on Wednesday, August 7, 2024, after the financial markets close. IonQ will host a conference call at 4:30 PM Eastern time that same day to discuss its results and business outlook. The call will be accessible by telephone at 877-407-4018 (domestic) or 201-689-8471 (international). The call will also be available live via webcast on the Company's website here, or directly here. A telephone replay of the conference call will be available approximately three hours after its conclusion at 844-512-2921 (domestic) or +1-412-317-
First Quarter Results of $7.6 Million in Revenue, Exceeding High End of Guidance Range, Representing 77% Year-Over-Year Growth Sales Pipeline Expanding in Deal Size and Volume with Improving Visibility Bookings Backloaded, Raises Bookings Guidance Range to $75 to $95 Million for 2024 Hired Stacey Giamalis as Chief Legal Officer, Dr. Martin Roetteler as Head of Quantum Applications IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced financial results for the quarter ended March 31, 2024. "We kicked the year off with strong revenue results, once again outperforming the high end of our guidance range," said Peter Chapman, President and CEO of IonQ. "I am als
IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced that the company will release its financial results for the quarter ended March 31, 2024, on Wednesday, May 8, 2024, after the financial markets close. IonQ will host a conference call at 4:30 PM Eastern time that same day to discuss its results and business outlook. The call will be accessible by telephone at 877-407-4018 (domestic) or 201-689-8471 (international). The call will also be available live via webcast on the Company's website here, or directly here. A telephone replay of the conference call will be available approximately three hours after its conclusion at 844-512-2921 (domestic) or 412-317-6671
Full Year Results of $22.0 Million in Revenue, Above High End of Range Full Year Results of $65.1 Million in Bookings, Above High End of Range, with Strong Pipeline Entering 2024 Fourth Quarter Results of $6.1 Million in Revenue, High End of Range Achieved 2024 Technical Milestone of #AQ 35 in December 2023, a Full Year Early Doubled Compute Space Performance Again, Reaching #AQ 36 in January 2024 Achieved First Major Milestone on Implementing Photonic Interconnects for Networked QPUs IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced financial results for the quarter and full year ended December 31, 2023. "IonQ had a landmark year in 2023, meeting
IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced that the Company will release its financial results for the quarter ended December 31, 2023, on Wednesday, February 28, 2024, after the financial markets close. IonQ will host a conference call at 4:30 PM Eastern time that same day to discuss its results and business outlook. The call will be accessible by telephone at 877-407-4018 (domestic) or 201-689-8471 (international). The call will also be available live via webcast on the Company's website here, or directly here. A telephone replay of the conference call will be available approximately three hours after its conclusion at 844-512-2921 (domestic) or 412-
Third Quarter Results of $6.1 Million in Revenue, Above High End of Range 2023 Full Year Revenue and Bookings Outlooks Increased Again Third Quarter Bookings of $26.3 Million Bring Bookings to $58.4 Million Year-to-Date as of Q3 Announces $25.5 Million Quantum Networking System Sale to AFRL Robust Commercial Pipeline Growth and Visibility Achieves $100 Million in Cumulative Bookings Within First Three Years of Commercialization Efforts Technical Momentum Continues Towards Commercial Advantage IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced financial results for the quarter ended September 30, 2023. "Our third quarter represents another massive s
IonQ (NYSE:IONQ), an industry leader in quantum computing, today announced that the company will release its financial results for the quarter ended September 30, 2023, on Wednesday, November 8, 2023, after the financial markets close. IonQ will host a conference call at 4:30 PM Eastern time that same day to discuss its results and business outlook. The call will be accessible by telephone at 877-300-8521 (domestic) or 412-317-6026 (international). The call will also be available live via webcast on the Company's website here, or directly here. A telephone replay of the conference call will be available approximately three hours after its conclusion at 844-512-2921 (domestic) or 412-317
Second Quarter Results of $5.5 Million in Revenue, Above High End of Range 2023 Full Year Revenue Outlook Increased to $18.9 Million to $19.3 Million Second Quarter Bookings of $28.0 Million Bring Bookings to $32.2 Million for the First Half 2023 Full Year Bookings Outlook Increased to $49 Million to $56 Million Established Company's First Quantum Data Center in Europe with QuantumBasel, which is expected to be Powered by Future #AQ 35 and #AQ 64 Systems IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced financial results for the quarter ended June 30, 2023. "This was another landmark quarter for IonQ, most notably with a record-setting $28 million in
IonQ (NYSE:IONQ), an industry leader in quantum computing, today announced that the company will release its financial results for the quarter ended June 30, 2023, on Thursday, August 10, 2023, after the financial markets close. IonQ will host a conference call at 4:30 PM Eastern time that same day to discuss its results and business outlook. The call will be accessible by telephone at 877-407-4018 (domestic) or 201-689-8471 (international). The call will also be available live via webcast on the Company's website here, or directly here. A telephone replay of the conference call will be available approximately two hours after its conclusion at 844-512-2921 (domestic) or 412-317-6671 (in