DA Davidson Estimates IonQ’s FY2026 Earnings (NYSE:IONQ)

IonQ, Inc. (NYSE:IONQ) – Stock analysts at DA Davidson dropped their FY2026 earnings per share estimates for shares of IonQ in a research note issued on Thursday, November 6th. DA Davidson analyst A. Platt now forecasts that the company will post earnings of ($1.57) per share for the year, down from their previous estimate of ($1.37). DA Davidson has a “Neutral” rating and a $55.00 price objective on the stock. The consensus estimate for IonQ’s current full-year earnings is ($0.86) per share.

IonQ (NYSE:IONQ) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($3.58) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($3.14). IonQ had a negative net margin of 1,836.32% and a negative return on equity of 127.06%. The company had revenue of $39.87 million during the quarter, compared to analyst estimates of $26.99 million. During the same period in the previous year, the company posted ($0.24) EPS. The company’s quarterly revenue was up 221.5% on a year-over-year basis. IonQ has set its FY 2025 guidance at EPS.

A number of other research analysts also recently issued reports on IONQ. Needham & Company LLC restated a “buy” rating and issued a $80.00 price target on shares of IonQ in a research report on Thursday. Benchmark boosted their target price on shares of IonQ from $55.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Morgan Stanley upped their price target on shares of IonQ from $32.00 to $58.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 4th. Rosenblatt Securities increased their price target on IonQ from $70.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of IonQ in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, IonQ currently has a consensus rating of “Hold” and a consensus target price of $68.11.

IonQ Price Performance

Shares of IONQ stock opened at $59.07 on Monday. The stock has a market capitalization of $20.52 billion, a PE ratio of -11.04 and a beta of 2.59. The business’s 50 day simple moving average is $61.61 and its 200 day simple moving average is $47.17. IonQ has a one year low of $17.88 and a one year high of $84.64.

Insiders Place Their Bets

In related news, insider Robert T. Cardillo sold 8,773 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $50.52, for a total transaction of $443,211.96. Following the transaction, the insider directly owned 37,436 shares of the company’s stock, valued at approximately $1,891,266.72. This represents a 18.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul T. Dacier sold 4,175 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $44.40, for a total value of $185,370.00. Following the completion of the transaction, the insider owned 114,454 shares in the company, valued at approximately $5,081,757.60. The trade was a 3.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 113,622 shares of company stock worth $4,931,896 over the last three months. Insiders own 5.20% of the company’s stock.

Institutional Trading of IonQ

Several hedge funds have recently bought and sold shares of the business. TD Waterhouse Canada Inc. grew its stake in IonQ by 28.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,008 shares of the company’s stock valued at $40,000 after purchasing an additional 223 shares during the period. Hilltop National Bank grew its position in IonQ by 112.5% during the third quarter. Hilltop National Bank now owns 425 shares of the company’s stock valued at $26,000 after buying an additional 225 shares during the period. International Assets Investment Management LLC grew its position in IonQ by 4.3% during the third quarter. International Assets Investment Management LLC now owns 5,679 shares of the company’s stock valued at $349,000 after buying an additional 235 shares during the period. Lauer Wealth LLC increased its holdings in IonQ by 5.5% during the third quarter. Lauer Wealth LLC now owns 4,852 shares of the company’s stock worth $298,000 after buying an additional 255 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in IonQ by 11.8% in the third quarter. GAMMA Investing LLC now owns 2,480 shares of the company’s stock worth $153,000 after acquiring an additional 261 shares during the period. Institutional investors and hedge funds own 41.42% of the company’s stock.

About IonQ

IonQ, Inc engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. 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.