Equity Profile

IONQ

IonQ, Inc.

Information TechnologyTechnology Hardware, Storage & Peripherals$21.0B

May6Wed

Post-Earnings Recap

ReportedQ1-2026After Close4:05 PM EDT

IonQ Misses on Revenue, Stock Up 9.52%

Metric	Actual	Expected	Surprise
EPS	$-0.34	$-0.25	+38.18%
Revenue	—	$50M	—

management commentary, guidance changes, and full analysis available with Pro.

IonQ Misses on Revenue, Stock Up 9.52%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$-0.34	$-0.25	+38.18%
Revenue	—	$50M	—

Management Commentary

Tone: Unknown

No transcript is on record for this earnings call, so the analysis is based solely on the numerical results.

What It Means

IonQ reported a wider loss than expected on a per-share basis, which may raise concerns among investors. However, the stock reacted positively, rising 9.52%, likely due to the surprise in EPS performance. The lack of revenue data and guidance leaves some uncertainty about the company's future performance.

Company Snapshot

IonQ, Inc. is a technology company focused on quantum computing, which has the potential to revolutionize various industries by solving complex problems faster than traditional computers....

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs and generating revenue.

-0.25

Revenue

Revenue figures will provide insight into the company's growth and demand for its quantum computing services.

50M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

IonQ, Inc. is a technology company focused on quantum computing, which has the potential to revolutionize various industries by solving complex problems faster than traditional computers. Operating in the Information Technology sector, IonQ is at the forefront of a growing field that intersects with major themes like artificial intelligence and advanced computing.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

-65.33%

Avg Stock Reaction

+2.36%

Last Quarter Recap

In the last quarter, IonQ reported an EPS of -0.20, which was better than analysts' expectations of -0.41, leading to a positive stock reaction. However, revenue details were not disclosed, leaving some uncertainty about overall performance.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect IonQ to report a loss of $0.25 per share on $50 million in revenue for Q1-2026. Investors are closely watching for any signs of improved demand or operational efficiency.

Bull Case

If IonQ can exceed revenue expectations and show a path to profitability, it could signal strong demand for its quantum computing technology, driving the stock higher.

Bear Case

Conversely, if IonQ reports worse-than-expected earnings or revenue, it may raise concerns about its business model and market demand, leading to a decline in stock price.

Key Metrics to Watch

EPS

-0.25

Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs and generating revenue.

Revenue

50M

Revenue figures will provide insight into the company's growth and demand for its quantum computing services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will IonQ's revenue exceed the $50 million consensus estimate?

Exceeding revenue expectations could indicate strong demand for its quantum computing solutions and positively influence investor sentiment.

How does IonQ plan to address its ongoing losses?

Investors will be keen to hear about any strategies for improving profitability, which could impact the company's long-term viability.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the potential for IonQ's technology to gain traction in the market, especially if they can demonstrate significant advancements in their quantum computing capabilities.

Supporting Evidence

IonQ has a history of beating EPS estimates, which could indicate stronger operational performance than expected.

The options market is pricing in a larger move than historical averages, suggesting that traders anticipate significant news.

Recent insider selling may be viewed negatively, but it could also indicate confidence in the company's long-term strategy.

Key Risk

If IonQ's revenue exceeds $50 million, it could challenge the bearish sentiment and shift market expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating IonQ's ability to convert its technology into profitable revenue, making these metrics crucial for future expectations.

Bull Confirmed If

Revenue growth exceeding $50 million with a clear path to reducing losses.

Bear Confirmed If

Revenue falling short of $49 million and continued losses without a clear turnaround strategy.

Pre-Earnings Positioning

Options Market

Implied Move

±12.49%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±12.5% while IONQ has averaged ±4.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.7%

30d HV

100.4%

Calls (5.7M)P/C Ratio: 1.01Puts (4.0M)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$112,250.00

2,500 sh

1 insider

Net

$112,250.00

Net selling

Most Active Insiders· 1 open-market trade

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If IonQ beats expectations and raises guidance, history suggests a potential stock increase of around +1.03%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may see muted movement as investors reassess growth prospects.

Miss

A miss on earnings could lead to a decline, with historical patterns indicating an average drop of around +1.99%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

FLGreg SteubeRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on partnerships or contracts that could drive revenue growth.
2Details on cost management strategies to reduce losses.
3Insights into customer demand for quantum computing services.
4Management's outlook on the competitive landscape in quantum technology.
5Any commentary on technological advancements or product developments.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

May4

GRABReported

Grab Holdings Limited

RecapView

May4

GBDCReported

Company Snapshot

IonQ, Inc. is a technology company focused on quantum computing, which has the potential to revolutionize various industries by solving complex problems faster than traditional computers....

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs and generating revenue.

-0.25

Revenue

Revenue figures will provide insight into the company's growth and demand for its quantum computing services.

50M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

-65.33%

Avg Stock Reaction

+2.36%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect IonQ to report a loss of $0.25 per share on $50 million in revenue for Q1-2026. Investors are closely watching for any signs of improved demand or operational efficiency.

Bull Case

If IonQ can exceed revenue expectations and show a path to profitability, it could signal strong demand for its quantum computing technology, driving the stock higher.

Bear Case

Conversely, if IonQ reports worse-than-expected earnings or revenue, it may raise concerns about its business model and market demand, leading to a decline in stock price.

Key Metrics to Watch

EPS

-0.25

Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs and generating revenue.

Revenue

50M

Revenue figures will provide insight into the company's growth and demand for its quantum computing services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will IonQ's revenue exceed the $50 million consensus estimate?

Exceeding revenue expectations could indicate strong demand for its quantum computing solutions and positively influence investor sentiment.

How does IonQ plan to address its ongoing losses?

Investors will be keen to hear about any strategies for improving profitability, which could impact the company's long-term viability.

Edge

What the Street Is Missing

Why consensus could be wrong

Supporting Evidence

IonQ has a history of beating EPS estimates, which could indicate stronger operational performance than expected.

The options market is pricing in a larger move than historical averages, suggesting that traders anticipate significant news.

Recent insider selling may be viewed negatively, but it could also indicate confidence in the company's long-term strategy.

Key Risk

If IonQ's revenue exceeds $50 million, it could challenge the bearish sentiment and shift market expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating IonQ's ability to convert its technology into profitable revenue, making these metrics crucial for future expectations.

Bull Confirmed If

Revenue growth exceeding $50 million with a clear path to reducing losses.

Bear Confirmed If

Revenue falling short of $49 million and continued losses without a clear turnaround strategy.

Pre-Earnings Positioning

Options Market

Implied Move

±12.49%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±12.5% while IONQ has averaged ±4.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.7%

30d HV

100.4%

Calls (5.7M)P/C Ratio: 1.01Puts (4.0M)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$112,250.00

2,500 sh

1 insider

Net

$112,250.00

Net selling

Most Active Insiders· 1 open-market trade

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If IonQ beats expectations and raises guidance, history suggests a potential stock increase of around +1.03%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may see muted movement as investors reassess growth prospects.

Miss

A miss on earnings could lead to a decline, with historical patterns indicating an average drop of around +1.99%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

FLGreg SteubeRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on partnerships or contracts that could drive revenue growth.
2Details on cost management strategies to reduce losses.
3Insights into customer demand for quantum computing services.
4Management's outlook on the competitive landscape in quantum technology.
5Any commentary on technological advancements or product developments.