IONQ
IonQCNYSE / Technology Hardware & Equipment
Last Price
At close
2026-06-02
Current thesis
The bull case is that Q1 materially strengthened the commercial narrative: record revenue, raised FY2026 guidance, 554% year-over-year RPO growth to $470 million, and evidence that systems, networking, sensing, and security are becoming a broader platform sale rather than a single-product story [#8-K-2026-05-06] [#10-Q-2026-05-07].
Posture
Mixed
Lead driver
Momentum
What changed
8 setup hits (3d) with net bullish as of 2026-06-02.
What can break
About half of the $470 million remaining performance obligations are expected beyond the next twelve months, and the disclosed RPO includes unfunded orders, which creates timing risk around conversion [#10-Q-2026-05-07].
Momentum
93
Value
34
Sentiment
29
Setup hits (3d)
8 · Net Bullish
AI TargetsBase $44.00 · Bull $58.00 · Bear $32.00
Data freshness
Prices
As of 2026-06-02
Fundamentals
As of 2026-06-01 • Vendor: Data Vendor v1
Scores
As of 2026-06-02 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-08 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-06-02
Investment thesis
As of 2026-06-02
Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Bullish
Target $67.00
Why
Momentum93 · Δ7d +7.4
Value34 · Δ7d +0.1
Sentiment29 · Δ7d -3.5
So what
Balanced signals (Net Bullish). Wait for confirmation before sizing up.
Lead driver: Momentum · See technicals
Momentum
93
34% active weight
Current posture
7d trendImproving
Δ7d
+7.4
Δ21d
-0.8
Value
34
32% active weight
Current posture
7d trendFlat
Δ7d
+0.1
Δ21d
-0.1
Sentiment
29
33% active weight
Current posture
7d trendSoftening
Δ7d
-3.5
Δ21d
-8.2
Why this grade
Composite grade C. Momentum 92.7 / Value 34.1 / Sentiment 28.7
Fundamentals (TTM)As of 2026-06-01
Fundamentals (TTM)
As of 2026-06-01
Market Cap
$25.86B
Beta
2.63
Shares Out
354.28M
P/E (TTM) · Derived
-40.1
P/S (TTM)
216.16
P/FCF (TTM) · Derived
-67.34
Rev YoY
+221.5%
EPS YoY
-1362.2%
Gross Margin
+52.3%
Op Margin
-604.5%
Net Debt
-$340.29M
Current Ratio
8.73
As of 2026-06-02 • Updated nightlySource: Internal modelMethodology