B.Riley reiterates Buy on IonQ stock, $100 target on revenue boost By Investing.com

Investing.com - B.Riley reiterated a Buy rating and $100 price target on IonQ, Inc. (NYSE:IONQ) on Tuesday following the company's pre-market announcements ahead of its NYSE Analyst Day. The quantum computing company raised its fiscal 2026 revenue guidance to a midpoint of $455 million, up $170 million from a prior $285 million midpoint. The increase includes four months of revenue from SkyWater Technology following the acquisition that closed on July 31. The guidance aligns with IonQ's impressive 371% revenue growth over the last twelve months, and InvestingPro Tips indicate analysts anticipate continued sales growth in the current year. IonQ announced pre-order availability for its 256-qubit Superion product. The company also issued multiple product, technical, and financial press releases ahead of its afternoon investor event. B.Riley noted the revenue guidance could see an additional 5% to 7% upside by year-end 2026 from both organic IonQ and SkyWater revenues. The firm said annualized revenue could approach $1 billion in the next four quarters. IonQ shares rose 11% in early trading Tuesday after declining 27% during the third quarter to date, matching the performance of the BRS Quantum index. The stock's volatility is reflected in its high beta of 3.29, and InvestingPro analysis suggests the shares are currently trading above Fair Value. For deeper insights into IonQ's valuation and access to exclusive Pro Research Reports covering 1,400+ US stocks, investors can explore the comprehensive analysis available on InvestingPro. The company scheduled an investor day for 12:30 p.m. ET Tuesday. In other recent news, IonQ reported second-quarter 2026 revenue of $80.05 million, surpassing Wall Street's expectations of $65.4 million. The company also reported a loss of $0.33 per share, which was better than the anticipated loss of $0.54 per share. This marked IonQ's strongest quarter to date and the fifth consecutive record period for the company. Additionally, IonQ completed its acquisition of SkyWater Technology, with SkyWater now operating as a wholly owned subsidiary under the name SkyWater Technology, LLC. As part of the merger agreement, SkyWater shareholders received $15.00 in cash and 0.4883 shares of IonQ common stock for each of their shares. In a related development, IonQ raised its full-year 2026 revenue outlook to between $450 million and $460 million, incorporating contributions from SkyWater Technology. Furthermore, IonQ filed a prospectus for the potential resale of approximately 1.96 million shares by certain stockholders. These developments highlight IonQ's strategic moves to enhance its market position and financial performance. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.