IonQ, Inc. is a leading quantum computing company that develops advanced quantum computing systems to solve complex problems and drive innovation across industries. The company provides access to its quantum computers through cloud platforms, sells specialized hardware, and offers professional services to help businesses leverage quantum technology. IonQ is committed to advancing quantum computing capabilities and achieving quantum advantage through its proprietary technology and strategic partnerships.
- Quantum-Computing-as-a-Service (QCaaS) - Provides access to quantum computing systems via major cloud platforms like Amazon Web Services, Microsoft Azure Quantum, and Google Cloud Marketplace, as well as through IonQ's own cloud service.
- Quantum Computing Systems - Develops proprietary quantum hardware, firmware, and operating systems to enhance computational capabilities, including higher qubit stability and fidelity.
- Hardware Sales and Support - Sells specialized quantum computing hardware along with maintenance and support services.
- Professional Services - Offers consulting and support to help customers integrate quantum computing into their business operations.
- Future Full-System Sales - Plans to sell enterprise-grade quantum computing systems for cloud-based or local deployment, including models like IonQ Forte Enterprise and IonQ Tempo.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Jungsang Kim Executive | Scientific Advisor | Professor at Duke University | Co-founder of IonQ, Jungsang Kim transitioned to Scientific Advisor in April 2024 after serving as CTO. He is also a professor at Duke University. | |
Peter Chapman Executive | President & CEO | None | Peter Chapman has been CEO since 2018, leading IonQ's transition from an academic-focused organization to a commercial quantum computing company. | View Report → |
Rima Alameddine Executive | Chief Revenue Officer (CRO) | None | Rima Alameddine joined IonQ in December 2022, bringing expertise in enterprise sales from her previous roles at NVIDIA and Cisco. | |
Thomas Kramer Executive | CFO | None | Thomas Kramer joined IonQ as CFO in February 2021 and has extensive experience in financial leadership roles, including at Opower and Cvent. | |
Craig Barratt Board | Chairman of the Board | Chairman of Intuitive Surgical, Inc. | Craig Barratt has been Chairman of IonQ's Board since September 2021. He has held leadership roles at Intel, Google, and Qualcomm Atheros. | |
Harry You Board | Lead Independent Director | Chair/co-CEO of dMY Technology Group Squared, Chair of dMY Technology Group VI, Director at Coupang and Broadcom | Harry You has been on IonQ's Board since September 2021 and was appointed Lead Independent Director in April 2024. He has extensive experience in finance and SPACs. | |
Inder M. Singh Board | Board Member | Director at John Wiley and Sons, Affinity Federal Credit Union; Project Advisor for U.S. DHS | Inder M. Singh joined IonQ's Board in December 2021 and has a background in finance and national security advisory roles. | |
Kathryn Chou Board | Board Member | SVP, SaaS Engineering at Nutanix, Inc. | Kathryn Chou joined IonQ's Board in July 2022 and has a background in engineering leadership and SaaS development. | |
Niccolo de Masi Board | Board Member | Director at Planet Labs, Genius Sports, Rush Street Interactive, dMY Technology Group VI, dMY Squared Technology Group | Niccolo de Masi has been on IonQ's Board since September 2021 and has extensive experience in SPACs and leadership roles at technology companies. | |
Robert Cardillo Board | Board Member | Chief Strategist at Planet Labs; Chairman of Planet Federal; Director at Seerist Federal, SynthetAIc | Robert Cardillo joined IonQ's Board in February 2024 and has a background in geospatial intelligence, including serving as Director of the NGA. | |
Wendy Thomas Board | Board Member | CEO of SecureWorks Corp. | Wendy Thomas joined IonQ's Board in December 2022 and is the CEO of SecureWorks, with extensive experience in cybersecurity and enterprise leadership. | |
William Scannell Board | Board Member | President of Global Sales & Customer Operations at Dell Technologies | William Scannell joined IonQ's Board in February 2024 and has extensive experience in global sales leadership at Dell Technologies. |
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Can you provide more clarity on how the Qubitekk acquisition will impact your operating expenses going forward, and how much incremental OpEx should we expect from integrating their team and technology?
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Given your recent expansion of partnerships and awards, as well as plans to grow your team, how should we think about your operating expenses in the coming quarters, and what measures are you taking to ensure efficient scaling?
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With a significant portion of your recent bookings coming from government contracts, can you quantify the near-term government spending opportunity at both national and international levels, and how do you plan to balance this with growing commercial revenues? ,
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Regarding your focus on quantum applications with partners like AstraZeneca and ANSYS, can you elaborate on how these applications differ from previous one-off projects, and how they will contribute to your revenue and commercialization strategy over time?
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Considering your substantial investments in R&D and the expectations for profitable growth and positive free cash flow, can you provide more details on your timeline for achieving these goals, and what milestones we should look for in the coming quarters?
Research analysts who have asked questions during IonQ earnings calls.
David Williams
The Benchmark Company
4 questions for IONQ
Shadi Mitwalli
Needham & Company
3 questions for IONQ
Alexander Platt
D.A. Davidson & Co.
2 questions for IONQ
Richard Shannon
Craig-Hallum Capital Group LLC
2 questions for IONQ
Tyler Anderson
Craig-Hallum Capital Group
2 questions for IONQ
Joseph Moore
Morgan Stanley
1 question for IONQ
Kevin Garrigan
WestPark Capital
1 question for IONQ
Quinn Bolton
Needham & Company, LLC
1 question for IONQ
Troy Jensen
Cantor Fitzgerald
1 question for IONQ
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Qubitekk, Inc. | 2024 | IonQ acquired substantially all assets and the team of Qubitekk, Inc. in a $22 million all-cash deal expected to close within six months, reinforcing its quantum networking strategy and expanding its technology portfolio with 118 patents and established telecommunications contracts. |
Entangled Networks | 2023 | IonQ acquired the assets of Toronto-based Entangled Networks for $1.0 million to enhance its quantum computing capabilities, leveraging the startup's expertise in optimizing algorithms for multi-core and multi-QPU systems and full-stack quantum compiler technologies. |
Recent press releases and 8-K filings for IONQ.
- NVIDIA announced NVQLink on October 28, 2025, an open system architecture designed to tightly couple GPU computing with quantum processors to build accelerated quantum supercomputers.
- NVQLink provides a high-speed interconnect for control algorithms necessary for large-scale quantum computing and quantum error correction, enabling the creation of hybrid quantum-classical systems.
- The architecture connects 17 QPU builders, including IonQ, five controller builders, and nine U.S. national laboratories, to accelerate next-generation quantum computing work.
- This initiative was guided by researchers from leading supercomputing centers at national laboratories, highlighting a significant collaboration between industry and government in quantum computing.
- IonQ achieved a new world record for two-qubit gate fidelity at 99.99%, surpassing the previous record, using its proprietary Electronic Qubit Control (EQC) technology.
- This "four-nines" fidelity significantly reduces error rates, enabling more complex algorithms and positioning IonQ to deliver 256-qubit systems by 2026 and scale towards millions of qubits by 2030.
- Despite this historic technical milestone, IonQ’s stock price dropped by approximately 4.77% on the day of the announcement.
- IonQ has achieved a new world record in quantum computing performance with 99.99% two-qubit gate fidelity, making it the first company to surpass the 'four-nines' benchmark.
- This landmark result, utilizing IonQ's proprietary Electronic Qubit Control (EQC) technology, is a critical technical milestone that advances the company's roadmap to scale to millions of qubits by 2030.
- The achievement is expected to accelerate the path to large-scale fault-tolerant systems, enabling more complex algorithms and bringing fault-tolerant quantum systems years closer to mass market adoption.
- The technology demonstrated will form the basis for IonQ's 256-qubit systems, which are scheduled for demonstration in 2026.
- IonQ has become a founding member of Q-Alliance, an initiative aligned with Italy's National Strategy for Quantum Technologies, aiming to establish a world-class quantum computing hub in Lombardy, Italy.
- This partnership combines IonQ's advanced quantum computing, networking, and sensing technology with support from Italian scientific and governmental entities to promote research and application development across various sectors, including defense, healthcare, and logistics.
- IonQ's stock has gained 50.7% this year, and the announcement led to premarket gains for other quantum computing stocks, reflecting positive market sentiment.
- IonQ, Inc. entered into an underwriting agreement with J.P. Morgan Securities LLC on October 10, 2025, for a public offering of securities.
- The offering includes 16,500,000 shares of common stock, 5,005,400 pre-funded warrants, and 43,010,800 Series B warrants.
- Each share of common stock or pre-funded warrant was offered with two Series B Warrants at a combined public price of $93.00.
- The Series B Warrants are exercisable at $155.00 per share, and the Pre-Funded Warrants are exercisable at $0.0001 per share.
- The warrants are exercisable immediately upon issuance and for seven years from the initial issuance date of October 14, 2025.
- IonQ announced a significant advancement in quantum chemistry simulations on October 13, 2025.
- The company demonstrated the accurate computation of atomic-level forces using the quantum-classical auxiliary-field quantum Monte Carlo (QC-AFQMC) algorithm.
- This achievement, in collaboration with a top Global 1000 automotive manufacturer, proved more accurate than classical methods.
- IonQ announced a significant advancement in quantum chemistry simulations, demonstrating the accurate computation of atomic-level forces using the quantum-classical auxiliary-field quantum Monte Carlo (QC-AFQMC) algorithm.
- This demonstration, conducted in collaboration with a top Global 1000 automotive manufacturer, proved more accurate than classical methods for simulating complex chemical systems.
- The advancement lays groundwork for quantum-enhanced modeling in carbon capture and molecular dynamics, which is critical for designing more efficient carbon capture materials and has practical applications in pharmaceuticals, battery, and chemical industries.
- IonQ announced the pricing of a $2.0 billion equity offering on October 10, 2025.
- The offering includes 16,500,000 shares of common stock and 5,005,400 pre-funded warrants, both priced at $93 per share/warrant, which represents a 20% premium to IonQ’s closing stock price on October 9, 2025.
- Additionally, 43,010,800 seven-year warrants were offered, exercisable at $155 per share, representing a 100% premium to the closing stock price on October 9, 2025.
- An entity managed by Heights Capital Management, Inc. will purchase these securities.
- IonQ stated that this $2 billion cash investment will facilitate global growth and accelerate quantum commercialization worldwide.
- IonQ completed the all-stock acquisition of Vector Atomic, a leading quantum sensing company, on October 2, 2025, as announced on October 7, 2025.
- The transaction involved the issuance of 6,080,379 shares of IonQ's common stock as consideration.
- This acquisition significantly expands IonQ's quantum technology platform by adding advanced precision atomic clocks, inertial sensors, and synchronization hardware, enhancing its computing and networking solutions.
- Vector Atomic contributes over 75 employees, 29 pending and issued patents, and over $200M in U.S. government contracts.
- IonQ has successfully completed its all-stock acquisition of Vector Atomic, a leading quantum sensing company.
- The acquisition significantly expands IonQ's quantum technology platform by adding advanced precision atomic clocks, inertial sensors, and synchronization hardware.
- Vector Atomic brings over 75 employees, including world-class scientists and engineers, and an intellectual property portfolio with 29 pending and issued patents.
- Vector Atomic's technology offers 1,000x improvement in GPS accuracy and has over $200M in U.S. government contracts.