IonQ to Acquire SkyWater, Building Vertically Integrated Quantum Platform

IonQ ( (IONQ) ) has issued an update.

On January 25, 2026, IonQ agreed to acquire SkyWater Technology in a cash-and-stock deal valuing SkyWater at about $1.8 billion, or $35 per share, including $15 in cash and $20 in IonQ shares per SkyWater share, subject to a collar that will leave SkyWater investors owning roughly 4.4% to 6.7% of the combined company. The unanimously approved transaction, expected to close in the second or third quarter of 2026 pending shareholder and regulatory approvals, will create what IonQ calls the first vertically integrated, full‑stack quantum platform company, giving it embedded access to a trusted U.S. semiconductor foundry, an onshore end‑to‑end supply chain, and faster development of large‑scale, fault‑tolerant quantum processors, while SkyWater continues to operate under its own name as a pure‑play foundry and quantum merchant supplier; the deal strengthens IonQ’s positioning as a key U.S. government and defense partner and is structured to preserve its balance sheet and financial flexibility for continued quantum commercialization.

The most recent analyst rating on (IONQ) stock is a Hold with a $47.00 price target. To see the full list of analyst forecasts on IonQ stock, see the IONQ Stock Forecast page.

Spark’s Take on IONQ Stock

According to Spark, TipRanks’ AI Analyst, IONQ is a Neutral.

IonQ’s overall stock score is driven by strong revenue growth and strategic acquisitions, which bolster its position in the quantum computing industry. However, significant financial losses, cash flow challenges, and mixed technical indicators weigh on the score. The company’s robust earnings call and strategic corporate events provide positive momentum, but profitability remains a key concern.

To see Spark’s full report on IONQ stock, click here.

More about IonQ

IonQ, listed on the NYSE, positions itself as a leading quantum computing company developing a full-stack quantum platform spanning quantum computing, networking, security and sensing, with a growing focus on U.S. government, aerospace and defense, and enterprise markets including pharmaceuticals, finance, and cloud and enterprise computing. SkyWater Technology, traded on Nasdaq, is the largest exclusively U.S.-based pure-play semiconductor foundry, providing advanced development, manufacturing, wafer, packaging and related services as a merchant supplier to aerospace and defense and commercial customers, and will continue serving these markets as a wholly owned subsidiary after the transaction closes.

Average Trading Volume: 20,870,105

Technical Sentiment Signal: Buy

Current Market Cap: $16.74B

For detailed information about IONQ stock, go to TipRanks’ Stock Analysis page.