Prediction: A $1,000 Investment in IonQ Could Be Worth This Much by 2028 as Revenue Soars 287% and Its Backlog Grows Even Faster

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Quantum computing stands astatine the frontier of technological disruption, promising to lick problems that modular systems conflict to tackle. For investors focused connected artificial quality (AI), the accidental is clear: Quantum systems tin accelerate instrumentality learning, optimize analyzable models, and unlock caller layers of computational powerfulness that amplify AI's broader impact.

Management consulting steadfast McKinsey & Company projects that quantum computing could make arsenic overmuch arsenic $2.7 trillion successful economical worth by 2035, transforming industries from pharmaceuticals to fiscal services. Against this backdrop, IonQ (NYSE: IONQ) has emerged arsenic a standout axenic play, distinguished by its vertically integrated concern exemplary that spans hardware, software, networking, and manufacturing.

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With its concern accelerating, the question for investors is whether IonQ banal represents a compelling bargain arsenic momentum builds.

Two engineers successful  a laboratory  conducting quantum AI research.

Image source: Getty Images.

IonQ's gross is surging, and visibility is expanding

IonQ's second-quarter fiscal results underscored explosive demand. Revenue reached $80 million, an summation of 287% twelvemonth implicit year, and came successful good up of earlier projections. Organic maturation proved particularly robust, with absorption affirming assurance successful delivering 100% integrated enlargement for the afloat year.

Remaining show obligations (RPO) surged 297% twelvemonth during the past twelvemonth to $485 million, providing multiyear visibility into aboriginal sales. IonQ's filings bespeak that it expects astir fractional of this backlog to person into gross during the adjacent year, reinforcing the durability of the company's near-term trajectory.

Does IonQ's valuation marque sense?

IonQ presently boasts a price-to-sales (P/S) ratio of 62. Although this is simply a meaningful discount from recent-year peaks, the aggregate remains elevated comparative to accepted exertion peers -- peculiarly fixed the company's dense concern phase.

IONQ PS Ratio Chart

IONQ PS Ratio information by YCharts

During the 2nd quarter, adjusted EBITDA (earnings earlier interest, taxes, depreciation, and amortization) losses totaled $120 cardinal -- reflecting continued spending connected research, development, and level scaling. Although IonQ's valuation illustration has retreated from earlier exuberance, astute investors are inactive weighing whether its premium adequately accounts for the company's operating deficits.

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