It's been an impressive year for IonQ's (IONQ +4.15%) stock, up nearly 38% through Oct. 23. The quantum computing company has been making strides in performance, and investors seem to have taken notice.
Even with IonQ's impressive stock growth this year, the road ahead seems just as bright. If you're looking for a budding tech stock to add to your portfolio, IonQ could make a great addition.
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It was recently announced that the Trump administration is in talks to take an equity stake in quantum computing companies, including IonQ, in exchange for at least $10 million in funding. This move shows that the administration sees the quantum computing industry emerging as a key industry that could benefit the country.
NYSE: IONQ
Key Data Points
IonQ is still unprofitable ($177.5 million net loss in the second quarter), but that's largely due to research and development, acquisitions, and stock-based compensation. Its second-quarter revenue was impressive, finishing 15% above its guidance. Some analysts expect its total revenue for 2025 to grow 112%, while its 2026 revenue is expected to grow around 87%.
With key partners like Amazon, Microsoft, and Alphabet (all cloud services), IonQ has the enterprise relationships needed to scale and hit these marks. Assuming it continues to show promising growth, its stock should continue on an upward trend.
