Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 18 Feb, 26 | IONQ | Buy | USD 33.18 | USD 35.0 | USD 37.0 | 8 days | Closed |
17.84%
|
*Return(%) represent the percentage change between the entry price and exit price of the recommendation.
Data Powered by EOD Historical Data (“EODHD”).
IonQ, Inc. engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service. The company also provides consulting services related to co-developing algorithms on quantum computing systems; and contracts associated with the design, development, and construction of specialized quantum computing systems. IonQ, Inc. was founded in 2015 and is headquartered in College Park, Maryland.
Strong Revenue Momentum and Expanding Commercial Adoption: IonQ reported robust top-line expansion, with Q3 FY25 revenue increasing to USD 39.9 million from USD 12.4 million in Q3 FY24
Improved Geographic Revenue Mix: The company made notable strides in broadening its international footprint, with approximately 30% of Q3 FY25 revenue generated from international markets, compared with a largely U.S.-focused revenue base in Q3 FY24, highlighting progress in global market penetration
Rising Operating Cost Structure: Company’s expense base expanded significantly, with Q3 FY25 GAAP operating expenses reaching USD 208.7 million, materially above the prior-year level, reflecting heightened investment intensity and cost pressures
Ongoing EBITDA Losses Despite Revenue Growth: IonQ continued to operate at a loss, reporting an adjusted EBITDA loss of USD 48.9 million in Q3 FY25, underscoring the gap between revenue scale and profitability
IonQ’s core investment risk stems from its continued dependence on significant capital investment to scale and commercialize quantum technologies, while its path to profitability remains closely tied to the speed of enterprise adoption and the company’s ability to effectively execute its ambitious technological development roadmap
| Entry Price | Support* | Target 1** | Target 2** |
|---|---|---|---|
| 33.18 | 29.5 | 35.0 | 37.0 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
**Target prices may vary by ±0.5% depending on market volatility.
Robust Revenue Growth and Commercial Acceleration: IonQ reported a marked surge in top-line performance in Q3 FY25, with revenue reaching USD 39.9 million, compared to USD 12.4 million in Q3 FY24, representing a 222% year-over-year increase. The quarter delivered the company’s largest revenue outperformance to date, significantly surpassing internal expectations and highlighting accelerating commercial traction for its quantum computing and platform-centric offerings.
Strategic Shift Toward an Integrated Quantum Ecosystem: During the quarter, IonQ further advanced its transformation from a standalone quantum hardware developer into a fully integrated quantum platform provider, encompassing computing, networking, sensing, and cybersecurity capabilities. Supported by strategic acquisitions such as Oxford Ionics and Vector Atomic, the company has expanded its total addressable market and positioned itself to secure comprehensive, multi-solution contracts. Management indicated an active pipeline exceeding USD 1 billion built around this broader platform strategy.
Technological Advancements Reinforcing Competitive Positioning: From a technical standpoint, IonQ achieved record-setting milestones, including 99.99% two-qubit gate fidelity and an Algorithmic Qubit (AQ) score of 64. These achievements significantly enhance computational performance relative to competing systems and strengthen the company’s pathway toward delivering scalable, fault-tolerant quantum solutions with real-world commercial applicability.
Broader International Presence and Customer Diversification: IonQ demonstrated increased geographic diversification in Q3 FY25, with approximately 70% of revenue generated from the United States and 30% from international markets. This marks a notable expansion beyond its historically U.S.-centric revenue base, reflecting growing demand across Europe, Asia, and allied government markets for quantum-enabled computing, security, and sensing technologies.
Elevated Investment in Research and Operational Scaling: To maintain its innovation leadership, the company materially expanded operating expenditures. GAAP operating expenses totaled USD 208.7 million in Q3 FY25, including R&D investments of USD 66.3 million, nearly double the prior year. IonQ continues to prioritize engineering development, semiconductor-scale production capabilities, and application-layer innovation to strengthen its competitive positioning and accelerate commercialization.
Enhanced Liquidity and Financial Strength: IonQ ended the quarter with USD 1.5 billion in cash and investments, which increased to approximately USD 3.5 billion on a pro forma basis following two equity financings completed in the latter half of 2025. With no outstanding debt, the company now commands one of the strongest balance sheets among publicly listed quantum computing firms, ensuring ample capital to support R&D expansion, strategic acquisitions, and infrastructure growth.
Raised Revenue Outlook and Strengthening Visibility: Reflecting the strong third-quarter performance, management increased full-year FY25 revenue guidance to a range of USD 106–USD 110 million, implying annual growth of roughly 150%. This outlook positions IonQ as the first publicly traded quantum computing company to forecast triple-digit revenue, supported by growing recurring revenue streams and deeper customer integration through its platform-based model.
Considering recent key business, financial updates, current trading levels, and key business risks, a ‘Buy’ recommendation has been given on IonQ, Inc. (NYSE: IONQ) at the closing market price of USD 33.18, as on Feb 17, 2026.
Data Powered by EOD Historical Data (“EODHD”).
Sector: Technology Industry: Computer Hardware
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| IONQ IONQ Inc |
1.86 3.40% | 56.55 | - | - | 138.83 | 5.50 | 126.74 | -21.0799 |
| DELL Dell Technologies Inc |
-9.82 2.34% | 409.50 | 24.44 | 15.65 | 1.22 | 4.39 | 1.34 | 12.81 |
| ANET Arista Networks |
4.74 2.87% | 169.67 | 39.49 | 31.45 | 13.08 | 11.15 | 12.18 | 31.54 |
| SMCI Super Micro Computer Inc |
2.88 10.37% | 30.66 | 49.25 | 28.90 | 5.69 | 17.11 | 5.65 | 57.68 |
| HPQ HP Inc |
0.32 1.38% | 23.50 | 9.33 | 8.67 | 0.56 | - | 0.70 | 7.42 |
Data Powered by EOD Historical Data (“EODHD”).
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on February 18, 2026. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned has been achieved and is subject to the factors discussed above.
Note 4: StockNextt reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
Disclaimer :
This report has been issued by StockNextt which has an Ontario Business Identification Number 1000958347 and British Columbia registration Number FM1051529 is a trade name under Kalkine Canada Advisory Services Inc. having Business Number 761925130BC0001. Kalkine Canada Advisory Services Inc. and StockNextt are collectively referred to as “StockNextt”, “we”, “us”, and “our”. The website https://stocknextt.com and associated pages are published by StockNextt. The information in this report and on the StockNextt website has been prepared from a wide variety of sources, which StockNextt, to the best of its knowledge and belief, considers accurate. StcokNextt has made every effort to ensure the reliability of information contained in its reports, newsletters, and websites. All information represents our views at the date of publication and may change without notice. The information in this report does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products. Our reports contain general recommendations for investing in securities and other financial products. StockNextt does not offer financial advice based upon your personal financial situation or goals, and we shall not be held liable for any investment or trading losses you may incur by using the opinions expressed in our reports, publications, market updates, news alerts and corporate profiles. StockNextt does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation. StockNextt’s general advice does not in any way endorse or recommend individuals, investment products or services for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a professional authorised financial planner and adviser. You should be aware that the value of any investment and the income from it can go down as well as up and you may not get back the amount invested. Please also read our Terms and conditions for further information. Employees and/or associates of StockNextt and its related entities may hold an interest in the securities or other financial products covered in this report or on the StockNextt website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.
Copyright © 2026 Krish Capital Pty Ltd. All rights reserved. No part of this website, or its content, may be reproduced in any form without our prior consent.
Australia