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IONQ vs QBTS
Which Stock Would AI Choose? IonQ (IONQ) vs. D-Wave Quantum (QBTS) Stock Comparison
Key Takeaways
- IonQ reported record Q2 2026 GAAP revenues of $80.1 million, reflecting 287% year-over-year growth driven by platform deployments and commercial momentum.
- D-Wave Quantum posted Q2 2026 revenue of approximately $3.1 million to $5.6 million alongside first-half bookings surging 1,120% to $35.5 million, highlighting pipeline strength despite lower absolute scale.
- Both stocks operate in the quantum computing sector and have experienced recent volatility amid rising Treasury yields and broader market rotation in August 2026.
- IonQ maintains significantly larger revenue and market capitalization compared with D-Wave Quantum, positioning it with greater commercial traction in recent market activity.
- Relative performance shows IonQ with stronger year-to-date returns while D-Wave Quantum demonstrated notable short-term booking momentum following earnings.
- Sector exposure to government funding initiatives and enterprise adoption remains a shared catalyst for both companies amid ongoing technological competition.
Introduction
Quantum computing remains an emerging technology sector attracting investor interest due to potential applications in optimization, simulation, and advanced computing. IONQ and QBTS represent two publicly traded pure-play companies in this space, each pursuing distinct hardware approaches. This comparison examines their business models, recent financial results, and relative stock performance within the current market environment. Institutional and retail traders focused on high-growth technology themes, as well as those monitoring early-stage quantum adoption, may find the analysis relevant for assessing positioning and risk factors across similar yet differentiated opportunities.
IonQ Overview and Recent Performance
IonQ develops trapped-ion quantum computing systems and provides access through cloud platforms. The company reported record second-quarter 2026 GAAP revenues of $80.1 million, representing 287% year-over-year growth fueled by deployments of its IonQ Tempo systems, increased cloud utilization, and international commercial expansion. Recent market activity reflected initial positive reaction to the earnings release followed by broader sector pressure from rising Treasury yields in mid-August. Sentiment has been supported by analyst coverage highlighting revenue visibility and strategic partnerships, including expanded cloud access in Canada. Over recent weeks, the stock has traded with volatility typical of growth-oriented technology names, remaining sensitive to macroeconomic shifts and quantum funding developments.
QBTS Overview and Recent Performance
D-Wave Quantum focuses on quantum annealing systems and offers hybrid quantum-classical solutions for optimization problems. The company reported second-quarter 2026 revenue in the range of $3.1 million to $5.6 million, with a substantial portion from commercial customers, while first-half bookings increased 1,120% to $35.5 million, including a large system sale. Recent performance included notable short-term gains tied to booking momentum and analyst commentary on commercial progress, offset by sector-wide declines linked to higher yields. In recent weeks, the stock has shown responsiveness to enterprise contract announcements and government funding news, reflecting its positioning in practical quantum applications. Performance metrics indicate continued investment in product development amid a narrower revenue base compared with larger peers.
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Head-to-Head Comparison
IonQ and D-Wave Quantum both target the quantum computing market but differ in scale and technology focus. IonQ emphasizes gate-model trapped-ion systems with broader cloud accessibility, supporting larger revenue generation and multi-product growth. D-Wave Quantum specializes in annealing hardware suited for optimization use cases, evidenced by strong recent bookings growth despite lower absolute revenues. In terms of recent momentum, IonQ benefited from outsized quarterly revenue expansion, while D-Wave highlighted booking acceleration and enterprise wins. Risk factors include execution on technological roadmaps, capital intensity, and sensitivity to interest-rate movements affecting growth valuations for both. Sector exposure remains comparable, with shared tailwinds from potential increases in government quantum funding and enterprise adoption, though IonQ’s larger market capitalization and revenue base may imply different liquidity and volatility profiles versus the smaller D-Wave Quantum.
Tickeron AI Verdict
Based on observable factors such as revenue trajectory consistency, booking visibility, and relative positioning within the quantum sector, Tickeron’s AI models would currently assign a higher probabilistic preference to IONQ over QBTS. Stronger absolute revenue growth and commercial scale provide a more established foundation amid sector volatility, though both names carry execution risks typical of early-stage technology companies. This assessment reflects data-driven pattern recognition rather than definitive forecasts.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is IONQ is a Hold and QBTS is a Hold.
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
IONQ’s FA Score shows that 0 FA rating(s) are green whileQBTS’s FA Score has 0 green FA rating(s).
- IONQ’s FA Score: 0 green, 5 red.
- QBTS’s FA Score: 0 green, 5 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
IONQ’s TA Score shows that 5 TA indicator(s) are bullish while QBTS’s TA Score has 5 bullish TA indicator(s).
- IONQ’s TA Score: 5 bullish, 5 bearish.
- QBTS’s TA Score: 5 bullish, 4 bearish.
Price Growth
IONQ (@Computer Processing Hardware) experienced а -3.03% price change this week, while QBTS (@Computer Processing Hardware) price change was -3.68% for the same time period.
The average weekly price growth across all stocks in the @Computer Processing Hardware industry was -0.09%. For the same industry, the average monthly price growth was +11.86%, and the average quarterly price growth was +35.28%.
Reported Earning Dates
IONQ is expected to report earnings on Nov 11, 2026.
QBTS is expected to report earnings on Nov 05, 2026.
Industries' Descriptions
@Computer Processing Hardware (-0.09% weekly)Computer Processing Hardware industry produces central processing unit, monitor, keyboard, computer data storage devices, and graphics card. Business activity and economic growth are potential drivers of this industry – if more businesses are growing or flourishing, so would their investments in computer equipment. Dell Technologies, Inc, Hewlett Packard Enterprise Co., NCR Corporation are key producers of computer processing hardware.
| IONQ | QBTS | IONQ / QBTS | |
| Capitalization | 18.2B | 7.59B | 240% |
| EBITDA | -710.97M | -386.5M | 184% |
| Gain YTD | -0.022 | -22.027 | 0% |
| P/E Ratio | 102.38 | N/A | - |
| Revenue | 187M | 12.4M | 1,508% |
| Total Cash | 2.03B | 635M | 320% |
| Total Debt | 30.4M | 46.8M | 65% |
| IONQ | QBTS | |
|---|---|---|
| RSI ODDS (%) | 3 days ago 60% | 3 days ago 90% |
| Stochastic ODDS (%) | 3 days ago 83% | 3 days ago 84% |
| Momentum ODDS (%) | 3 days ago 81% | 3 days ago 83% |
| MACD ODDS (%) | 3 days ago 90% | 3 days ago 90% |
| TrendWeek ODDS (%) | 3 days ago 86% | 3 days ago 88% |
| TrendMonth ODDS (%) | 3 days ago 85% | 3 days ago 88% |
| Advances ODDS (%) | 12 days ago 86% | 10 days ago 85% |
| Declines ODDS (%) | 4 days ago 86% | 4 days ago 87% |
| BollingerBands ODDS (%) | 3 days ago 90% | 3 days ago 90% |
| Aroon ODDS (%) | 3 days ago 85% | 3 days ago 89% |
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IONQ and
Correlation & Price change
A.I.dvisor indicates that over the last year, IONQ has been closely correlated with QUBT. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if IONQ jumps, then QUBT could also see price increases.
| Ticker / NAME | Correlation To IONQ | 1D Price Change % | ||
|---|---|---|---|---|
| IONQ | 100% | +8.02% | ||
| QUBT - IONQ | 77% Closely correlated | +9.58% | ||
| UMAC - IONQ | 53% Loosely correlated | +5.58% | ||
| QMCO - IONQ | 48% Loosely correlated | +8.59% | ||
| OSS - IONQ | 44% Loosely correlated | N/A | ||
| CAN - IONQ | 44% Loosely correlated | +27.29% | ||
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QBTS and
Correlation & Price change
A.I.dvisor indicates that over the last year, QBTS has been closely correlated with RGTI. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if QBTS jumps, then RGTI could also see price increases.
| Ticker / NAME | Correlation To QBTS | 1D Price Change % | ||
|---|---|---|---|---|
| QBTS | 100% | +8.46% | ||
| RGTI - QBTS | 89% Closely correlated | +11.48% | ||
| QUBT - QBTS | 83% Closely correlated | +9.58% | ||
| IONQ - QBTS | 81% Closely correlated | +8.02% | ||
| CAN - QBTS | 49% Loosely correlated | +27.29% | ||
| DPRO - QBTS | 48% Loosely correlated | +4.91% | ||
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