--- title: "Why IonQ (IONQ) Is Down 13.3% After Raising 2026 Revenue Guidance And Backlog To $470 Million" type: "News" locale: "en" url: "https://longbridge.com/en/news/286893654.md" description: "IonQ's stock fell 13.3% despite raising its 2026 revenue guidance to $260-$270 million and reporting a strong Q1 with $64.67 million in revenue. The company also noted a significant backlog increase to $470 million. While these results support IonQ's commercialization narrative, execution risks and stock volatility remain concerns for investors." datetime: "2026-05-19T10:16:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286893654.md) - [en](https://longbridge.com/en/news/286893654.md) - [zh-HK](https://longbridge.com/zh-HK/news/286893654.md) --- # Why IonQ (IONQ) Is Down 13.3% After Raising 2026 Revenue Guidance And Backlog To $470 Million - IonQ recently reported its strongest quarter to date, with first‑quarter 2026 revenue rising to US$64.67 million and net income reaching about US$805.36 million, and it raised full‑year 2026 revenue guidance to between US$260 million and US$270 million alongside very large growth in Remaining Performance Obligations to US$470 million. - Alongside these results, IonQ advanced its commercialization story through its first system sale, progress on the SkyWater Technology acquisition, and upcoming presentations at major J.P. Morgan and Needham technology conferences that underscore growing institutional interest in its quantum platform. - Now we’ll examine how IonQ’s upgraded 2026 revenue outlook and sizeable backlog expansion might influence the company’s existing investment narrative. Outshine the giants: these 15 early-stage AI stocks could fund your retirement. ## IonQ Investment Narrative Recap To own IonQ, you need to believe trapped ion quantum hardware and a broader quantum platform can turn technical leadership into durable, high margin commercial demand. The near term catalyst is how quickly IonQ converts its enlarged US$470 million Remaining Performance Obligations into repeat business, while the key risk remains executing an ambitious hardware and manufacturing road map. The latest results reinforce the commercialization story, but do not remove execution or stock volatility risk. The most relevant recent development here is IonQ’s raised 2026 revenue guidance to US$260 million to US$270 million, supported by that 554 percent year on year RPO jump. This upgrade ties directly into the investment case that meaningful backlog and visibility can offset concerns about long dated government programs and acquisition spending, at least in the short run, by showing that large customers are already committing to IonQ’s quantum platform. Yet for all the excitement around record guidance and backlog, investors should be aware that... Read the full narrative on IonQ (it's free!) IonQ's narrative projects $388.6 million revenue and $24.0 million earnings by 2028. This implies 69.5% yearly revenue growth and an earnings increase of about $1.5 billion from current earnings of -$1.5 billion. Uncover how IonQ's forecasts yield a $72.35 fair value, a 47% upside to its current price. ## Exploring Other Perspectives IONQ 1-Year Stock Price Chart Before this quarter, the most cautious analysts were only penciling in about US$349 million of revenue by 2028 and no profits, so if IonQ keeps outpacing these low bars, the gap between pessimistic and more optimistic views may close faster than many expect. Explore 38 other fair value estimates on IonQ - why the stock might be worth as much as 72% more than the current price! ## The Verdict Is Yours Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts. - A great starting point for your IonQ research is our analysis highlighting 2 key rewards and 4 important warning signs that could impact your investment decision. - Our free IonQ research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate IonQ's overall financial health at a glance. ## Searching For A Fresh Perspective? The market won't wait. These fast-moving stocks are hot now. Grab the list before they run: - Invest in the nuclear renaissance through our list of 88 elite nuclear energy infrastructure plays powering the global AI revolution. - AI is about to change healthcare. These 31 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. - Rare earth metals are an input to most high-tech devices, military and defence systems and electric vehicles. The global race is on to secure supply of these critical minerals. Beat the pack to uncover the 29 best rare earth metal stocks of the very few that mine this essential strategic resource. _This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._ ### **New:** AI Stock Screener & Alerts Our new AI Stock Screener scans the market every day to uncover opportunities. • Dividend Powerhouses (3%+ Yield) • Undervalued Small Caps with Insider Buying • High growth Tech and AI Companies Or build your own from over 50 metrics. 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