IonQIONQ

NYSE · USA · Segment 1 of 2 in the Quantum computing value chain: Quantum hardware & platforms

Trapped ion is the bet here, with high qubit fidelity as the claim. The systems are reachable through AWS, Azure and Google Cloud, and a run of acquisitions points the roadmap toward quantum networking. Not yet profitable.

Quantum hardware & platforms: The companies building the quantum computers themselves, trapped ions, superconducting qubits, photonics and annealing.

Key metrics

Market cap

$17.9B

Price

$42.05

Today

+2.4%

Return YTD

−8.5%

Return 1Y

+3.2%

P/E

54.6

P/S

95.5

P/B

3.6

Data as of 2026-08-26 · updates daily after U.S. close

Theme exposure

Trapped ionCloud accessPre-profitQuantum hardwareQuantum networkingCloud QaaS

In the value chain

Products & services

Forte/Tempo systems
QaaS via AWS, Azure and Google Cloud
Quantum networking (acquisitions)

Competitors

Rigetti
D-Wave
IBM Quantum
Quantinuum

Risks

Revenue is tiny relative to the valuation
Technology race against big-tech programs

Supply chain

← Suppliers

FormFactorFORM

Full supply chain for IONQ →

Same segment: Quantum hardware & platforms

D-Wave QuantumQBTS Rigetti ComputingRGTI Quantum Computing Inc.QUBT

Compare IONQ

IONQ vs QBTS IONQ vs RGTI IONQ vs QUBT

See where IonQ sits in the full Quantum computing map: every segment from upstream suppliers to end markets, with daily metrics.Open the Quantum value chain →