IonQ (IONQ): analysis in plain words
Is IonQ cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
IonQ (IONQ) is listed on the NYSE and we classify it in hardware and devices. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against IonQ according to those figures, and the questions people ask most about the stock. No buy or sell tips.
IonQ (IONQ) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | $29.54 | Last price on November 4, 2026 |
| P/E ratio (TTM) | N/A | Price over earnings per share |
| Revenue growth | +286.8% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 0.0% | Profit for every 100 of sales |
| Net debt / EBITDA | N/A | Years of operating profit to repay debt |
| Dividend yield | 0.00% | Annual dividend over price |
| Market cap | $12.7 billion | What the stock market values it at |
The IonQ figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any IONQ figure that is not available shows as N/A: we do not estimate it.
How IonQ makes money
IonQ develops trapped-ion quantum computers. It earns revenue by selling complete systems, providing access to its machines through the Amazon, Microsoft and Google clouds, and through research contracts with governments and companies, mostly in the United States. It has also bought companies in quantum networking, secure communications and satellites.
Over the last 12 months, IonQ brought in revenue of $246 million. For every 100 it sells, IonQ keeps 30.9 after the direct cost of what it sells (gross margin) and -408.2 after all operating costs (operating margin). With 1,132 full-time employees, that is about $218,000 of revenue per employee.
IonQ against its sector
To know whether a IonQ figure is high or low you have to put it next to similar companies. This table compares IonQ with the median of the 7 hardware and devices companies Fintols covers, with data as of November 4, 2026.
| Figure | IonQ | hardware and devices median |
|---|---|---|
| Revenue growth | +286.8% | +27.6% (8) |
| Net margin | 0.0% | 6.6% (8) |
| Dividend yield | 0.00% | 0.47% (8) |
In short, against the typical hardware and devices company, IonQ grows faster, earns a thinner margin and pays a lower dividend yield. By size, IonQ ranks number 7 of 7 hardware and devices companies quoted in USD on Fintols.
The bull case for IonQ
These are the strengths in the IonQ figures as of November 4, 2026:
- IonQ is selling more than a year ago: +286.8% in its latest quarter (the typical hardware and devices company grew +27.6%).
The main risk for IonQ
IonQ stock sits 60% below its 52-week high ($73.65): the market has cut its expectations, and it is worth understanding why first.
On top of that: ionQ stock moves much more than the market: its beta is 3.41, so in a broad sell-off it tends to fall further than the index.
And, like the rest of hardware and devices, IonQ is exposed to demand for devices slowing, because companies and consumers can put off upgrades.
Frequently asked questions about IonQ
Is it a good time to buy IonQ stock?
Fintols does not tell you whether to buy or sell IonQ, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, IonQ stock trades at $29.54, 60% below its 52-week high ($73.65) and 14% above its low ($25.89). With IonQ, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does IonQ pay a dividend?
No. As of November 4, 2026, IonQ does not pay a dividend: what it earns stays in the company to grow, invest or, where it does so, buy back shares. Anyone buying IonQ today is counting on the share price rising, not on income.
Is IonQ stock expensive?
IonQ has no meaningful P/E as of November 4, 2026 because its last 12 months of earnings are negative or close to zero, so that yardstick cannot tell you whether it is expensive. A high P/E alone does not make IonQ expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are IonQ's competitors?
On Fintols we compare IonQ with HP, Supermicro and Nokia, which are also in hardware and devices. As of November 4, 2026, HP is worth $27.0 billion and trades on a P/E of 11.4; Supermicro is worth $19.4 billion and trades on a P/E of 6.2; Nokia is worth €41.4 billion and trades on a P/E of 52.9. Each has a side-by-side comparison with IonQ below.
IonQ competitors
- HP (HPQ) analysis · IonQ vs HP comparison
- Supermicro (SMCI) analysis · IonQ vs Supermicro comparison
- Nokia (NOKIA.HE) analysis · IonQ vs Nokia comparison
To understand IonQ better
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More companies like IonQ: hardware and devices stocks. Open the full IONQ analysis with its valuation and scenarios. Educational content about IonQ, not investment advice.