Record-Breaking Revenue and Growth
IonQ delivered its largest quarterly revenue beat ever, with results 37% above the high end of guidance and year-on-year revenue growth of 222%.
Technical Milestones and Achievements
IonQ achieved world record 2-qubit gate fidelity of 99.99%, launched the #AQ 64 Tempo system ahead of schedule, and unveiled a roadmap to 256-qubit and 10,000-qubit systems.
Strategic Acquisitions and Expansion
Closed acquisition of Oxford Ionics, raised $1 billion at a 25% premium, and acquired Vector Atomic to enhance capabilities in quantum sensing and networking.
Strong Financial Position
IonQ's pro forma cash balance reached $3.5 billion, positioning it as the most well-capitalized pure-play quantum provider globally.
Government and International Engagement
IonQ is expanding its international footprint, with approximately 30% of its business now international, and is involved in significant government projects like the U.S. Department of Energy's Golden Dome initiative.