2026 forecast
In fiscal 2025, IonQ projects it will generate sales of about $108 million. Looking ahead to fiscal 2026, analysts project the company will report revenue of about $200 million.
Since IonQ is currently unprofitable -- and unlikely to generate a profit in 2026 -- the best approach may involve assessing the stock in terms of the price-to-sales (P/S) ratio. Currently, IonQ stock trades at approximately 154 times trailing sales. In a case where the company reports fiscal 2026 revenue of $200 million, its shares outstanding remain at the current level of 354.28 million, and it's valued at the same 154 P/S multiple, IonQ stock would trade at approximately $87 per share.
Opinions on Wall Street regarding IonQ stock's price targets vary. In mid-December 2025, Wedbush initiated coverage on IonQ stock, setting a price target of $60. Taking a more bullish tack, Jefferies set a $100 price target when it initiated coverage on IonQ stock in December.
2030 forecast
From predictive maintenance solutions for Caterpillar (CAT -1.33%) to researching battery technologies with Hyundai (OTC:HYMTF), and providing quantum computing solutions to the U.S. government for defense applications, IonQ is making headway in finding real-world applications for its quantum computing technology and expects to continue doing so over the next few years. The company's previous CEO, Peter Chapman, said last year that the company believed it would achieve about $1 billion in sales by 2030.
Let's give the company the benefit of the doubt and predict that it reports $1 billion in sales in 2030 and assume it has the same share count of 354.28 million. However, let's also assume that in this scenario, the stock is trading at a much lower P/S ratio of 50. In this case, IonQ stock would be changing hands at about $141.