Jefferies has initiated coverage on IONQ Inc (IONQ) with a Buy rating as of December 15, 2025. The firm’s assessment marks its first evaluation of the company’s investment potential, reflecting research into IONQ’s business model and market dynamics.
Headquartered in College Park, Maryland, IONQ develops and manufactures quantum computers, employing 407 full-time staff. The company went public on November 13, 2020, and has a current market capitalization of $16.6 billion. IONQ's product offerings include its generation quantum computers, IonQ Forte and IonQ Forte Enterprise, which feature 36 algorithmic qubits. Additionally, the company provides access to its quantum computers through cloud platforms such as Amazon Web Services, Microsoft Azure, and Google Cloud Marketplace.
IONQ's financial performance shows a trailing twelve months (TTM) earnings per share (EPS) of -5.35. The upcoming earnings report, scheduled for August 4, 2026, is expected to reveal an EPS of -0.27 and revenue of $43.3 million.
As of December 1, 2025, the analyst consensus for IONQ stands at 2 Strong Buy, 10 Buy, and 4 Hold ratings, indicating a favorable outlook among analysts. Recent actions include Mizuho initiating coverage with an Outperform rating and JP Morgan initiating with a Neutral rating.
This update provides insight into IONQ's positioning within the technology sector as it continues to expand its quantum computing capabilities.