IonQ reported second-quarter revenue of $80 million, a 287% year-over-year increase that exceeded earlier projections. Remaining performance obligations surged 297% to $485 million, with roughly half expected to convert to revenue within the next year. The company affirmed confidence in delivering 100% organic growth for the full year, while adjusted EBITDA losses totaled $120 million. Based on the 2028 average analyst revenue estimate of $780 million and an unchanged price-to-sales multiple, IonQ's market capitalization could rise from about $17.4 billion to $48.4 billion, implying a share price near $128 and a nearly 297% return on a $1,000 investment.
