IonQ shares rose 18% on Nov 6 after the quantum computing company reported Q3 2026 revenue above analyst estimates and raised its full-year sales forecast. The stock now trades at a lower sales multiple than its five-year average.
IonQ stock climbed 18% as of 2:10 p.m. ET on Nov 6, a day after the company released its third-quarter 2026 results following the market close.
IonQ revenue tops estimates
The company reported Q3 2026 sales of $173.8 million, against analyst expectations of $141.2 million. That marked its sixth consecutive quarter of record revenue.
Profit also came in better than forecast. IonQ posted adjusted earnings per share of negative $0.29, a narrower loss than the $0.79 analysts had anticipated.
Chief operating officer and chief financial officer Inder Singh said major drivers included global deployments of IonQ Tempo quantum computers, deliveries of quantum sensing and space-based solutions, and the closing of the SkyWater acquisition.
Full-year forecast moves higher
IonQ also raised its 2026 outlook. It had projected revenue of $450 million to $460 million, and now guides for $505 million to $515 million.
Valuation sits below its average
At 25.4 times trailing sales, IonQ trades below its five-year average sales multiple of 103.5, according to the Motley Fool.
However, the company is still not generating organic cash flow, and the Motley Fool says an investment in IonQ carries significant risks.
Source: Motley Fool
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