Why IonQ Stock Surged This Week
Summarize this article with:
IonQ (IONQ 9.61%) stock closed out this week's trading solidly in the green. While the company's share price had been up double digits at one point, it still managed to end the week up 5.5% even after a pullback in conjunction with volatility for the broader market. While there wasn't any major, business-specific news for IonQ this week, the quantum computing company's share price moved higher in conjunction with broader excitement surrounding quantum stocks and quarterly reports from other players in the space. The stock is now up 16% year to date. Image source: Getty Images. IonQ stock rose as investors stay bullish on quantum Quantum stocks have generally been enjoying bullish momentum over the last couple of months, and IonQ continued to gain ground in conjunction with the trend. The company's gains this week were likely also partially supported by Quantum Computing's strong first-quarter report. Quantum Computing published its Q1 results on May 11, posting stronger-than-expected sales and a loss that was significantly lower than the average analyst estimate. The company also said that it expects Luminar Semiconductor, a photonics company that it acquired, to deliver sales between $20 million and $25 million this year. The quarterly report powered big gains for Quantum Computing stock, and the momentum extended to other players in the industry. ExpandNYSE: IONQIonQToday's Change(-9.61%) $-5.52Current Price$51.95Key Data PointsMarket Cap$19BDay's Range$51.28 - $54.7052wk Range$25.89 - $84.64Volume27MAvg Vol28MGross Margin-2879.52% What's next for IonQ? IonQ is guiding for a strong commercialization ramp this year. The company is targeting sales between $260 million and $270 million and organic sales growth above 100%. Meanwhile, management is targeting a non-GAAP (adjusted) earnings before interest, taxes, depreciation, and amortization (EBITDA) loss between $310 million and $330 million. IonQ's sales ramp has been encouraging, but the company is still posting big losses and trading at roughly 72 times this year's expected sales -- so investors should understand that the stock comes with a lot of risk. Read NextMay 16, 2026 •By John BromelsMeet the Quantum Computing Stock That Could Crush IonQ in 2026May 16, 2026 •By Geoffrey SeilerThis Quantum Computing Company Has Every Big Tech Firm Quietly Paying AttentionMay 16, 2026 •By James HiresThis Tech Stock Doesn't Need AI to Win. That's Exactly Why It's My Top Pick Right Now.May 15, 2026 •By Keithen DruryThis Genius Quantum Computing Stock Just Grew Its Revenue at a 755% RateMay 15, 2026 •By Keith NoonanWhy IonQ Stock Is Plummeting TodayMay 13, 2026 •By Keithen DruryHere's How IonQ Could Transform a $1,000 Investment Into $10,000 in 10 YearsAbout the AuthorKeith Noonan is a contributing writer at The Motley Fool covering technology, consumer goods, and other sectors. He holds a bachelor’s degree in English from Boston College.TMFNoonsStocks MentionedIonQNYSE: IONQ$51.96(-9.59%)-$5.51*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.