Mizuho has initiated coverage on IONQ Inc (IONQ) with an Outperform rating, marking the firm's first assessment of the company's investment potential. The move underscores Mizuho's analysis of IONQ's business model and growth prospects within the technology sector.
IONQ, headquartered in College Park, Maryland, develops and manufactures quantum computers. The company went public on November 13, 2020, and currently boasts a market cap of $16.6 billion. IONQ's product offerings include cutting-edge quantum systems such as IonQ Forte and IonQ Forte Enterprise, which feature 36 algorithmic qubits. Additionally, the company provides access to its quantum computers through major cloud platforms, including Amazon Web Services, Microsoft's Azure Quantum, and Google's Cloud Marketplace.
As of December 1, 2025, analyst consensus reflects a Buy rating, with 2 Strong Buy, 10 Buy, and 4 Hold ratings among 16 total analysts. IONQ's upcoming earnings report is scheduled for August 4, 2026, with an estimated EPS of -$0.27 and revenue of $43.0 million. Recent earnings performance has shown a mixed track record, highlighted by a surprise EPS of -$0.17 in Q3 2025, significantly better than the expected -$0.34.
Analyst ratings often provide valuable insights based on research and financial models. However, they reflect assumptions that may not always come to fruition. Investors are encouraged to consider a range of factors, including company fundamentals and industry trends, when making decisions. Analyst opinions should serve as one of many inputs rather than the sole basis for investment choices.