Where Will IonQ Stock Be in 1 Year?
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This quantum computing stock was flying high for most of the year, but it has experienced a significant downturn in the last quarter.IonQ (IONQ 0.97%) had technical and financial breakthroughs in 2025. In the third quarter, it announced it had achieved the technical milestone of #AQ 64 three months ahead of schedule, unlocking a computational space 36 quadrillion times larger than leading commercial superconducting systems. Revenue that quarter also hit a record high of $39.9 million. It was an eventful year for one of the more popular quantum computing companies. Now, let's see where the company and its share price could be at the end of 2026. Image source: Getty Images. What to expect from IonQ next year IonQ has consistently grown its revenue, from just $2 million in 2021 to $43 million in 2024, and revenue expectations for 2025 are $110 million. Revenue is expected to jump again in the next fiscal year, with projections of $198 million. IonQ's also working with several of the largest tech companies -- its website lists partnerships with Nvidia, Microsoft Azure, and Alphabet's Google Cloud service. Revenue growth is usually a positive sign, but it's not all good news for IonQ. The company has reported increasingly larger losses, with net losses of $332 million in 2024 and $1.1 billion already incurred over the first nine months of 2025. IonQ also trades at an expensive valuation, given its $16 billion market cap. Even if it meets the 2025 revenue expectations of $110 million, it would still be trading at a price-to-sales (P/S) ratio of 145, much higher than most tech stocks.Advertisement ExpandNYSE: IONQIonQToday's Change(-0.97%) $-0.44Current Price$44.87Key Data PointsMarket Cap$16BDay's Range$44.68 - $46.4452wk Range$17.88 - $84.64Volume11MAvg Vol26MGross Margin-747.41% The valuation and mounting losses have likely contributed to a pullback in IonQ's share price. In mid-October, it was up 97% on the year. IonQ stock has fallen since then, and its year-to-date (YTD) returns now sit at 8% (as of Dec. 29). IonQ is currently a high-risk, high-reward investment. Investors appear to have cooled on the stock at its current valuation, and I expect IonQ to underperform the market over the next year. However, it could be a long-term winner if quantum computing proves to be the next significant technological advancement.Read NextDec 30, 2025 •By Keith SpeightsIs IonQ Stock a Buy Now?Dec 27, 2025 •By Rachel Warren2 Unbelievable Growth Stocks to Buy Before They Soar in 2026Dec 26, 2025 •By Anders BylundIs IonQ Stock a Buy After This 100-Qubit System Sale?Dec 26, 2025 •By Geoffrey SeilerDown 35%, Should You Buy the Dip on IonQ?Dec 23, 2025 •By Will HealyIs IonQ Poised to Be the Quantum Stock Worth $50 Billion in 5 Years?Dec 22, 2025 •By Rich SmithWhy IonQ Stock Popped TodayAbout the AuthorLyle Daly is a contributing Motley Fool stock market analyst covering information technology and cryptocurrency. Lyle has been a contributor at the financial services company since 2018. His work has been featured on USA Today, Yahoo Finance, MSN, Fox Business, and Nasdaq. Before joining The Motley Fool, he wrote for financial brands including Intuit.TMFLyleDalyX@LyleDalyStocks MentionedIonQNYSE: IONQ$44.87 (0.01%) $0.44*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.Advertisement