Cantor Fitzgerald has reiterated its Overweight rating on IonQ, Inc. (NYSE: IONQ) and kept a $70.00 price target on the quantum computing company, a figure that falls within the broader analyst band that currently spans from $47 to $100.
The firm’s note arrives as IonQ projects full-year revenue to land at the high end of, or exceed, its guidance range of $106-110 million. That outlook sits close to Cantor Fitzgerald’s own estimate of $108 million and is near FactSet’s consensus of $108.5 million.
IonQ’s top-line performance has shown pronounced acceleration: the company reported 113% year-over-year revenue growth over the most recent twelve-month period. Cantor Fitzgerald highlights the potential for the company’s year-over-year revenue increase to surpass 150%, although it qualifies that advance as "mostly inorganic, but impressive nonetheless" and attributes it to IonQ’s "very targeted vertically integrated acquisition phase."
Looking further ahead, Cantor Fitzgerald models $185 million in revenue for IonQ in 2026. That projection does not include any incremental contribution from the company’s announced deal to acquire SkyWater Technology.
The research house also said it expects IonQ’s management to "continue to portray their optimistic view on the market for 2026 and IonQ’s position as the leading supplier" in the quantum computing sector, signaling that investor messaging will likely remain focused on market leadership and growth potential.
IonQ has been active on the acquisition front. The company completed its purchase of Skyloom Global Corp., a move the firm says enhances its quantum networking capabilities through Skyloom’s expertise in secure communications and photonic systems engineering. IonQ has additionally announced plans to acquire SkyWater Technology in a $1.8 billion transaction expected to close in 2026, subject to shareholder and regulatory approvals. That pending deal is structured as a cash-and-stock offer, providing $15 in cash and $20 in shares for each SkyWater share.
At the same time, IonQ has faced scrutiny from short seller commentary. A report from Wolf Pack alleged that the company lost significant Pentagon funding, a development that the short seller said could affect IonQ’s 2025 revenue outlook. The Wolf Pack note also suggested that the alleged funding shortfall may have played a role in the company’s CEO resignation and in insider stock sales.
On the personnel side, IonQ has moved to bolster its information leadership by naming Katie Arrington as Chief Information Officer and Leslie Kershaw as Chief Information Security Officer. These appointments are presented as part of an effort to strengthen the company’s executive team amid rapid growth and transaction activity.
This combination of analyst support, rapid reported revenue growth, active dealmaking and governance developments frames IonQ’s current market narrative. Cantor Fitzgerald’s projections and commentary underscore a bullish stance among some sell-side analysts, though the company’s trajectory remains subject to the outcomes of pending acquisitions, potential funding shifts highlighted by short seller reports, and approvals required for the SkyWater transaction.