By Sheryar Siddiq

IonQ Inc. (NYSE:IONQ) ranks among the best short squeeze stocks to invest in. On May 6, IonQ Inc. (NYSE:IONQ) reported solid first-quarter performance, with revenue of $64.7 million for Q1 2026, up 755% year-over-year from $7.6 million in the previous quarter. This marks the company’s third straight quarter of record-breaking revenue growth.

Meanwhile, IonQ Inc. (NYSE:IONQ) announced GAAP earnings per share of $2.59, a considerable increase over analyst expectations of a $0.48 loss per share. However, using an adjusted basis, the company’s EPS deficit was $0.34, reflecting significant R&D investments.

The company’s adjusted EBITDA loss of $96.8 million encompassed $11.8 million in R&D expenses associated with its commercial collaboration with SkyWater Technology, which is projected to continue till the planned acquisition is completed in 2026.

In terms of portfolio management, IonQ Inc. (NYSE:IONQ) developed the world’s first large-scale quantum algorithm that employs actual S&P 500 data, improving portfolio integrity and execution rates above conventional benchmarks in production scenarios.

IonQ Inc. (NYSE:IONQ) is a developer of quantum computing systems. It provides access to quantum computers via its own cloud services, as well as other cloud platforms such as Microsoft’s Azure Quantum and AWS.

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Source: Insider Monkey