IonQ (IONQ) Q4 Earnings Report Preview: What To Look For

Anthony Lee

Tue, February 24, 2026 at 12:02 PM GMT+9 2 min read

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IONQ

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Quantum computing company IonQ (NYSE:IONQ) will be reporting results this Wednesday afternoon. Here’s what investors should know.

IonQ beat analysts’ revenue expectations last quarter, reporting revenues of $39.87 million, up 222% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ revenue estimates.

Is IonQ a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting IonQ’s revenue to grow 245% year on year, improving from the 91.8% increase it recorded in the same quarter last year.

IonQ Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. IonQ has a history of exceeding Wall Street’s expectations.

Looking at IonQ’s peers in the hardware & infrastructure segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Super Micro delivered year-on-year revenue growth of 123%, beating analysts’ expectations by 21.5%, and Diebold Nixdorf reported revenues up 11.7%, in line with consensus estimates. Super Micro traded up 13.8% following the results while Diebold Nixdorf was also up 11%.

Read our full analysis of Super Micro’s results here and Diebold Nixdorf’s results here.

The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the hardware & infrastructure stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 8.9% on average over the last month. IonQ is down 27.9% during the same time and is heading into earnings with an average analyst price target of $73.12 (compared to the current share price of $31.28).

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