Equity Profile

IONQ

IonQ, Inc.

Information TechnologyTechnology Hardware, Storage & Peripherals$21.0B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

IonQ, Inc. is a technology company focused on quantum computing, which is an emerging field that could revolutionize how we process information....

Key Metrics to Watch

Revenue Growth

Investors will be keen to see if IonQ can demonstrate strong revenue growth, which is crucial for validating its business model in a competitive landscape.

N/A

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability, and any improvement or surprise could significantly impact investor sentiment.

N/A

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

IONQ Q2-2026 Earnings Preview

Context

Company Snapshot

IonQ, Inc. is a technology company focused on quantum computing, which is an emerging field that could revolutionize how we process information. As part of the Information Technology sector, IonQ is at the forefront of developing hardware and software solutions that leverage quantum mechanics to solve complex problems faster than traditional computers.

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 Q1 2026, IonQ reported an EPS of -$0.34, which was better than the expected -$0.55, leading to a positive stock reaction of 9.52% the following day. However, revenue details were not disclosed, leaving some uncertainty about overall performance.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, Wall Street is cautiously optimistic about IonQ's upcoming earnings, especially given its recent EPS surprises. Investors are hoping for continued improvement in profitability and customer growth.

Bull Case

If IonQ can show significant revenue growth and further EPS improvement, it could validate the company's position as a leader in quantum computing, attracting more investment.

Bear Case

On the other hand, if IonQ fails to meet expectations or shows signs of stagnation in customer acquisition, it could lead to a sharp decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the revenue growth rate for the quarter?

Revenue growth is critical for assessing IonQ's market traction and ability to scale, which investors are closely monitoring.

How many new customers did IonQ acquire this quarter?

Customer acquisition is a key indicator of IonQ's success in the competitive quantum computing market and will influence future growth prospects.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating IonQ's potential for customer acquisition, as recent partnerships and technological advancements could lead to higher-than-expected growth.

Supporting Evidence

The recent EPS surprises indicate that IonQ is managing costs effectively, which could lead to better margins.

Options pricing suggests a high level of expected volatility, indicating that investors are anticipating significant news or developments.

Insider selling activity may reflect individual strategies rather than company performance, suggesting that broader market sentiment could be misaligned.

Key Risk

If IonQ reports significant new customer contracts, it could dramatically shift market sentiment and expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter centers around IonQ's ability to grow its revenue and customer base in a rapidly evolving technology landscape.

Bull Confirmed If

Demonstrating revenue growth of at least 20% year-over-year would confirm the bullish case for IonQ.

Bear Confirmed If

If revenue growth is flat or negative, it would support the bearish case and raise concerns about the company's market position.

Pre-Earnings Positioning

Options Market

Implied Move

±20.38%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a significant potential move in either direction, indicating that investors expect volatility around the earnings announcement.

Options are pricing ±13.6% while IONQ has averaged ±4.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.1%

30d HV

93.9%

Calls (5.2M)P/C Ratio: 0.99Puts (5.0M)

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, history suggests a stock increase of about 2.58%, confirming strong market demand for its quantum solutions.

In-Line / Cautious

If results are in line with expectations, the stock may react moderately, reflecting ongoing uncertainty in the quantum computing sector.

Miss

Should IonQ miss expectations, history suggests a potential decline of around 1.99%, which could raise serious concerns about its growth trajectory.

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 new partnerships or customer contracts.
2Details on revenue growth and customer acquisition metrics.
3Management's outlook on the quantum computing market and IonQ's positioning.
4Insights into cost management and profitability improvements.
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

Aug3

ONBMO

ON Semiconductor Corporation

PreviewView

Aug3

LBMO

Company Snapshot

IonQ, Inc. is a technology company focused on quantum computing, which is an emerging field that could revolutionize how we process information....

Key Metrics to Watch

Revenue Growth

Investors will be keen to see if IonQ can demonstrate strong revenue growth, which is crucial for validating its business model in a competitive landscape.

N/A

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability, and any improvement or surprise could significantly impact investor sentiment.

N/A

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

IONQ Q2-2026 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

Bull Case

If IonQ can show significant revenue growth and further EPS improvement, it could validate the company's position as a leader in quantum computing, attracting more investment.

Bear Case

On the other hand, if IonQ fails to meet expectations or shows signs of stagnation in customer acquisition, it could lead to a sharp decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the revenue growth rate for the quarter?

Revenue growth is critical for assessing IonQ's market traction and ability to scale, which investors are closely monitoring.

How many new customers did IonQ acquire this quarter?

Customer acquisition is a key indicator of IonQ's success in the competitive quantum computing market and will influence future growth prospects.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating IonQ's potential for customer acquisition, as recent partnerships and technological advancements could lead to higher-than-expected growth.

Supporting Evidence

The recent EPS surprises indicate that IonQ is managing costs effectively, which could lead to better margins.

Options pricing suggests a high level of expected volatility, indicating that investors are anticipating significant news or developments.

Insider selling activity may reflect individual strategies rather than company performance, suggesting that broader market sentiment could be misaligned.

Key Risk

If IonQ reports significant new customer contracts, it could dramatically shift market sentiment and expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter centers around IonQ's ability to grow its revenue and customer base in a rapidly evolving technology landscape.

Bull Confirmed If

Demonstrating revenue growth of at least 20% year-over-year would confirm the bullish case for IonQ.

Bear Confirmed If

If revenue growth is flat or negative, it would support the bearish case and raise concerns about the company's market position.

Pre-Earnings Positioning

Options Market

Implied Move

±20.38%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a significant potential move in either direction, indicating that investors expect volatility around the earnings announcement.

Options are pricing ±13.6% while IONQ has averaged ±4.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.1%

30d HV

93.9%

Calls (5.2M)P/C Ratio: 0.99Puts (5.0M)

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, history suggests a stock increase of about 2.58%, confirming strong market demand for its quantum solutions.

In-Line / Cautious

If results are in line with expectations, the stock may react moderately, reflecting ongoing uncertainty in the quantum computing sector.

Miss

Should IonQ miss expectations, history suggests a potential decline of around 1.99%, which could raise serious concerns about its growth trajectory.

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 new partnerships or customer contracts.
2Details on revenue growth and customer acquisition metrics.
3Management's outlook on the quantum computing market and IonQ's positioning.
4Insights into cost management and profitability improvements.
5Any commentary on technological advancements or product developments.