---
title: "IonQ (IONQ) Is Building the Real Deal in Quantum but at a Steep Price"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287035438.md"
description: "IonQ, Inc. (IONQ) is leading in quantum computing among public companies, showing strong commercial potential. However, its current stock valuation may be overly optimistic given its financial profile. In Q1 2026, IonQ reported record GAAP revenue of $64.7 million, a 755% increase year-over-year, with remaining performance obligations rising 554% to $470 million."
datetime: "2026-05-20T08:56:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287035438.md)
  - [en](https://longbridge.com/en/news/287035438.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287035438.md)
---

# IonQ (IONQ) Is Building the Real Deal in Quantum but at a Steep Price

In my view, IonQ, Inc. (IONQ) is making the strongest commercial case for quantum computing among pure-play public companies right now. Although I am cautiously bullish on IonQ's long-term opportunity, I believe the stock's current valuation assumes a high level of future execution that the financial profile still needs time to support.

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IonQ is a quantum computing company that builds and operates trapped-ion quantum systems, delivering compute access through cloud platforms and direct hardware deployments. Q1 2026 was the company's fourth consecutive quarter of record-breaking results, with GAAP revenue reaching $64.7 million, up 755% year-over-year, and remaining performance obligations (RPOs) surging 554% to $470 million.

### Related Stocks

- [IONQ.US](https://longbridge.com/en/quote/IONQ.US.md)
- [IONL.US](https://longbridge.com/en/quote/IONL.US.md)
- [IONX.US](https://longbridge.com/en/quote/IONX.US.md)
- [QBTX.US](https://longbridge.com/en/quote/QBTX.US.md)
- [QBTS.US](https://longbridge.com/en/quote/QBTS.US.md)
- [IONQ+.US](https://longbridge.com/en/quote/IONQ+.US.md)
- [QBTS+.US](https://longbridge.com/en/quote/QBTS+.US.md)

## Related News & Research

- [3 Stocks to Take Advantage of the $72 Billion Quantum Computing Industry](https://longbridge.com/en/news/287036448.md)
- [Why IonQ (IONQ) Is Down 13.3% After Raising 2026 Revenue Guidance And Backlog To $470 Million](https://longbridge.com/en/news/286893654.md)
- [IONQ vs. RGTI vs. QBTS: Which Quantum Stock Offers the Highest Upside after Q1 Earnings?](https://longbridge.com/en/news/286228185.md)
- [IonQ Stock Consolidates After 15% Jump On Raised 2026 Guidance](https://longbridge.com/en/news/286124540.md)
- [Quantum Stocks Have Been Mostly Hype. IonQ May Be the Real Deal.](https://longbridge.com/en/news/286107235.md)