"On May 6, 2026, IonQ reported Q1 revenue of $64.7 million, growth of 755% year-over-year and 30% above the guidance midpoint, with adjusted EPS of -$0.34. Remaining performance obligations jumped to $470 million, up 554% year-over-year, and management raised full-year 2026 revenue guidance to $260 million to $270 million. The first 256-qubit system was presold to the University of Cambridge, and IonQ won a $39 million Space Development Agency HALO contract."
"The bull thesis is straightforward: IonQ is the first quantum pure-play to scale revenue meaningfully. CEO Niccolo de Masi told investors this was "our fourth consecutive quarter of record-breaking results", with $64.7 million of GAAP revenue... more than 8x what we delivered in the same period last year." Commercial customers now drive 60% of revenue, international markets 35%, and IonQ has sold into over 30 countries."
"The 24/7 Wall St. price target for IonQ is $275.06 over the next 12 months, implying 383.5% upside from $56.89. Our recommendation is buy with high confidence (90%). The model is pricing in genuine commercialization. Our 24/7 Wall St. price target reflects a model that combines forward earnings power with proprietary factor adjustments, and on IONQ the signal is unusually loud."
IonQ reported Q1 revenue of $64.7 million, up 755% year over year and 30% above the guidance midpoint, with adjusted EPS of -$0.34. Remaining performance obligations rose to $470 million, up 554% year over year. Full-year 2026 revenue guidance increased to $260 million to $270 million. The first 256-qubit system was presold to the University of Cambridge, and IonQ won a $39 million Space Development Agency HALO contract. Commercial customers generated 60% of revenue, international markets contributed 35%, and sales reached more than 30 countries. The outlook includes a $275.06 12-month price target and a high-confidence buy view based on forward earnings power and commercialization signals.
Read at 24/7 Wall St.
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