Why analysts are watching it
Analysts are watching IonQ because it is considered a leader in quantum computing, particularly due to its use of trapped ion systems for high-quality qubits. On April 27, 2026, Ticker Symbol: YOU said on his video "I Got Rich Off NVIDIA. This Is Even Bigger." that IonQ is "the clear leader of the quantum computing pack" and has the largest backlog and strongest balance sheet in the industry, reporting $62 million in revenue last quarter, up 429% year-over-year, and a full-year revenue of $130 million, tripling the previous year and making it the only public quantum computing company to cross the $100 million mark. Ticker Symbol: YOU also noted on the same video that IonQ managed to link two quantum chips together to act as one and that DARPA picked IonQ for a two-year program (HARQ), giving them federal funding. On April 26, 2026, BWB - Business With Brian said on his video "A 10 Bagger Like This May Never Happen Again" that IonQ uses a "completely different approach called trapped ion." Ticker Symbol: YOU, on April 27, 2026, also pointed out that IonQ has a $3.3 billion cash reserve and short-term investments, but also noted in his video "I Got Rich Off NVIDIA. This Is Even Bigger." that the stock experienced a 39% drop in one day.
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"That same [149s] day, DARPA picked IonQ for a two-year [151s] program called HARQ, effectively giving [153s] them federal funding to scale their [155s] quantum systems."
— I Got Rich Off NVIDIA. This Is Even Bigger.
"In English, that means that IonQ linked [139s] two quantum chips together and got them [141s] to act like one,"
— I Got Rich Off NVIDIA. This Is Even Bigger.
"They made $130 million [722s] for the full year, which is more than [724s] triple their year before, making them [726s] the only public quantum computing [728s] company to cross the $100 million mark."
— I Got Rich Off NVIDIA. This Is Even Bigger.
"Now, another top company in this space is IonQ, which uses a completely different approach called trapped ion."
— A 10 Bagger Like This May Never Happen Again
"If I had to [1227s] pick a winner based purely on market cap [1229s] versus revenue, backlog, and growth [1231s] potential, I'd pick IonQ because they're [1233s] already over $100 million in annual [1236s] revenue, they have a $370 million [1238s] backlog, and they're still growing by [1240s] over 200% per year."
— I Got Rich Off NVIDIA. This Is Even Bigger.
"And [711s] speaking of money, IonQ reported $62 [714s] million in revenue last quarter, which [716s] is up a massive 429% [719s] year-over-year."
— I Got Rich Off NVIDIA. This Is Even Bigger.
"On the balance sheet, [773s] IonQ has roughly $3.3 billion in cash [777s] and short-term investments."
— I Got Rich Off NVIDIA. This Is Even Bigger.
"IonQ, ticker symbol IONQ, which uses [197s] photons to scale beyond single quantum [199s] chips."
— I Got Rich Off NVIDIA. This Is Even Bigger.
"IonQ dropped [56s] by about 39% in one day"
— I Got Rich Off NVIDIA. This Is Even Bigger.
"Now, here's [886s] where Rigetti looks very different from [888s] a company like IonQ."
— I Got Rich Off NVIDIA. This Is Even Bigger.
"IonQ has the biggest backlog and the [791s] strongest balance sheet in quantum [792s] computing"
— I Got Rich Off NVIDIA. This Is Even Bigger.
"This trapped ion [630s] approach gives IonQ some of the highest [633s] quality qubits in the industry."
— I Got Rich Off NVIDIA. This Is Even Bigger.
"But the special thing about IonQ isn't [733s] just their revenue, it's their backlog, [736s] which grew to about $370 million,"
— I Got Rich Off NVIDIA. This Is Even Bigger.
"they put IonQ on the [117s] short list of early adopters."
— I Got Rich Off NVIDIA. This Is Even Bigger.
"On the same exact day, [700s] DARPA added them to a program called [702s] HARQ, Harnessing Quantum Computing at [704s] Scale, which basically means the US [706s] Department of Defense is willing to bet [708s] real money on IonQ's solutions."
— I Got Rich Off NVIDIA. This Is Even Bigger.
"IonQ [177s] figured out how to connect theirs [178s] together"
— I Got Rich Off NVIDIA. This Is Even Bigger.
"That's [675s] exactly what IonQ just did last week, [678s] when they announced the first photonic [680s] interconnect between two quantum [682s] processors."
— I Got Rich Off NVIDIA. This Is Even Bigger.
"All [602s] right, IonQ is the current frontrunner [604s] in public quantum hardware."
— I Got Rich Off NVIDIA. This Is Even Bigger.
"IonQ is the only one over a [561s] hundred million dollars in revenue."
— I Got Rich Off NVIDIA. This Is Even Bigger.
"On the same [128s] day that Nvidia shipped IonQ announced [131s] the first photonic interconnect between [133s] two separate commercial quantum [135s] processors."
— I Got Rich Off NVIDIA. This Is Even Bigger.
"IonQ uses something called trapped [618s] ion systems, which uses charged atoms as [621s] the qubits"
— I Got Rich Off NVIDIA. This Is Even Bigger.
"Now, let's talk about IonQ, Rigetti, and [1124s] D-Wave stock. IonQ is the clear leader [1126s] of the quantum computing pack. Their [1128s] revenue grew by 428% [1131s] year-over-year."
— I Got Rich Off NVIDIA. This Is Even Bigger.