Core Insights - IonQ is positioned as a promising player in the quantum computing sector, with potential for significant returns for investors if its technology meets expectations [1] - The company has recently increased its full-year revenue guidance to between $106 million and $110 million, reflecting a 222% year-over-year revenue growth [2] - IonQ achieved a world record for 2-qubit gate performance in 2025, exceeding 99.99% fidelity, making it the only company to surpass the "four-nines" benchmark [4] - The company plans to deploy the world's most powerful quantum computers by 2030, aiming for 2 million qubits, which could impact various fields such as drug discovery and cybersecurity [5] - IonQ's stock has experienced volatility, peaking at over $84, but remains at a premium valuation, indicating potential for long-term investors who believe in the future of quantum computing [9] Company Performance - IonQ's current stock price is $1.90, with a market capitalization of $17 billion [6] - The stock has a day's range of $43.80 to $47.09 and a 52-week range of $17.88 to $84.64 [7] - The company has a gross margin of -747.41%, indicating challenges in profitability [7] Market Outlook - The quantum computing market is still under scrutiny, with skeptics questioning its real-world applicability [8] - The next five years will be crucial in determining the validity of these concerns and the potential success of IonQ [8]

Core Insights - IonQ (IONQ) is expanding its global presence in quantum computing through strategic international partnerships, including a collaboration with the Korea Institute of Science and Technology Information (KISTI) for a 100-qubit IonQ Tempo quantum system [1][2][8] Group 1: Partnerships and Collaborations - The partnership with KISTI marks a significant step in developing South Korea's National Quantum Computing Center of Excellence, with the Tempo system aimed at supporting advanced hybrid quantum-classical research initiatives [2] - IonQ has formed collaborations with AIST and Toyota Tsusho in Japan, and has strengthened its presence in Korea through partnerships with SK Telecom, Hyundai Motor Company, Intellian Technologies, and major academic institutions like Seoul National University and Sungkyunkwan University [3] - In Europe, IonQ is enhancing quantum infrastructure through its subsidiary ID Quantique (IDQ), having deployed Slovakia's first national quantum communication network in collaboration with the Institute of Physics at the Slovak Academy of Sciences [4] Group 2: Industry Developments - Quantum Computing Inc. (QUBT) shipped its first commercial entangled photon source to a research institution in South Korea, indicating early global demand for its quantum networking solutions [5] - D-Wave Quantum (QBTS) launched workshops in Italy to promote annealing quantum computing and signed new customer engagements across various sectors, including pharmaceuticals and banking [6] Group 3: Financial Performance - IonQ's stock has underperformed, gaining only 4.1% over the past year compared to the industry's 84% growth and the S&P 500's 19% increase [7] - IonQ's current forward Price-to-Sales (P/S) ratio stands at 143.42X, significantly higher than the industry average of 3.70X, indicating an expensive valuation [9] - The loss per share estimate for IonQ has narrowed by 6 cents for 2025 over the past 30 days, with current estimates at -0.48 for the current quarter and -5.08 for the current year [10][11]

Beyond South Korea, IonQ has also forged partnerships back home with the University of Chicago, the University of Maryland, and the University of Washington. While the partnership with the University of Chicago was to establish the IonQ Center for Engineering and Science, the company allied with the University of Maryland through a dedicated quantum research center.Notably, IonQ has been partnering with KISTI in some form since 2022, when the two began collaborating to provide South Korea's research communi ...

Industry Overview - The global quantum computing market is projected to grow from $0.8 billion in 2025 to $1.08 billion in 2026, with a CAGR of 35.2% through 2035, driven by adoption in sectors like finance, pharmaceuticals, and manufacturing [1] - Quantum computing-related revenues could reach up to $72 billion by 2035, fueled by applications in optimization, materials science, drug discovery, and complex financial modeling [1] Investment Performance - Several pure-play quantum stocks have delivered quadruple-digit returns during 2024-2025, despite the lack of positive earnings, as revenues increased from a small base and order backlogs expanded [2] - The Defiance Quantum ETF (QTUM) gained 103.9% during this period, reflecting strong investor interest [2] Key Companies - **IonQ (IONQ)**: Focuses on trapped-ion qubits, aiming for 100-256 qubit systems by 2026, and expanding commercial engagements through partnerships. Projected earnings growth of 65.8% on revenue growth of 83.3% [12][13] - **IBM**: Introduced the Quantum Nighthawk processor, a 120-qubit system, targeting quantum advantage by the end of 2026. Projected earnings growth of 7.5% on revenue growth of 4.9% [14][15] - **NVIDIA (NVDA)**: Advances quantum computing through hybrid quantum-classical platforms, with a focus on integrating quantum processors with GPU systems. Projected earnings growth of 55% on revenue growth of 43.2% [16][17] Funding and Government Support - Quantum funding more than doubled year over year in 2025, with total equity funding reaching $3.77 billion in the first three quarters [7] - Global governments committed approximately $1.8 billion to quantum initiatives in 2024, with cumulative public funding expanding to $10 billion by April 2025 [8][10] Future Outlook - 2026 is anticipated to be a pivotal year for quantum computing, with sustained capital inflows, policy support, and technical advancements converging to create conditions for significant returns for investors [11]

Key Takeaways IonQ enters 2026 with accelerating revenue growth, technical benchmarks and a strengthened balance sheet.RGTI holds about $600M cash with no debt, supporting its chiplet-based roadmap and growing deployments.IONQ & RGTI remain unprofitable, but their strong cash positions help absorb execution and adoption risks.In 2025, IonQ (IONQ) and Rigetti Computing (RGTI) gained the attention of investors tracking the rapid evolution of the quantum computing sector. Throughout the year, IonQ demonstrated ...

IonQ (IONQ) shares printed a high of about $82 this year, sharply above their year-to-date low of roughly $18, reflecting the broader volatility that continues to plague the quantum computing industry. In the near term, two key levels will likely set the trajectory for IonQ stock: $44.22 that coincides with its 200-day moving average and $53.89 that aligns with its 100-day MA. More News from Barchart A drop below the former would accelerate downward momentum in early 2026, while a rally past the latter ...

Key Points D-Wave is taking a dual approach to quantum computing led by its annealing technology. IonQ is using a trapped-ion gate-based system. Both stocks remain speculative at this point. 10 stocks we like better than D-Wave Quantum › Two of the leading pure-play quantum computing stocks are IonQ (NYSE: IONQ) and D-Wave Quantum (NYSE: QBTS). While both stocks have enjoyed solid returns thus far this year, D-Wave has been the much stronger performer, with the stock up around 200% as of this wri ...

IonQ（IONQ）实现三位数营收增长并获得新融资以扩大离子阱系统规模，而Rigetti Computing （RGTI）则推进超导量子比特技术，投资者正权衡二者不同的商业化路径。 来源：环球市场播报 ...

Core Insights - Both IonQ and Rigetti Computing are significant players in the quantum computing sector, developing advanced technologies but facing substantial cash burn [1] Company Overview - IonQ utilizes a trapped-ion system for its quantum computing technology, while Rigetti employs superconducting qubits, with both targeting industries such as AI, finance, defense, cybersecurity, and manufacturing [2] - IonQ has a market capitalization of $16 billion, while Rigetti's market cap is approximately $7.4 billion [2][6] Financial Performance - IonQ's latest quarterly report showed positive results, exceeding revenue expectations and raising its full-year revenue guidance to $110 million, despite operating costs of $473 million for the first nine months of the year [4] - Rigetti reported revenue of $5.2 million for the first nine months of 2025, with operating losses of $63.4 million during the same period [7] Capital and Valuation - IonQ completed a $2 billion capital raise through new share sales, which diluted existing shareholders but was necessary for continued progress [5] - Rigetti's technology shows scalability potential, but IonQ's current valuation is considered more attractive than Rigetti's [8] Competitive Landscape - It remains uncertain which company will emerge as the leader in the quantum computing space, with IonQ being more established and having significant partnerships, while Rigetti presents a higher-risk, higher-reward investment opportunity [10]

Industry Overview - Quantum computing is a nascent industry with significant long-term potential, currently in its early commercialization phase, making it a high-risk, high-reward investment opportunity [1] - Investors can approach the sector through established tech giants for stability or pure-play start-ups for higher potential returns, albeit with increased volatility [2][3] Company Analysis: Alphabet - Alphabet, through its Google Quantum AI division, is a leader in quantum computing, focusing on developing a large-scale, error-corrected quantum computer [5] - The Willow quantum chip, unveiled in late 2024, has achieved major milestones, including significantly reduced error rates and a breakthrough algorithm called Quantum Echoes that performs calculations 13,000 times faster than classical supercomputers [6][7] - Google Quantum AI aims to build a large error-corrected quantum computer with a goal of 1 million qubits, collaborating with universities and national labs [8] - In Q3, Alphabet's revenue grew 16% year over year to $102.3 billion, with net income climbing 33% to about $35 billion, supported by a strong balance sheet with $98.5 billion in cash and low debt [11][12] Company Analysis: IonQ - IonQ is a leading pure-play quantum computing company utilizing trapped-ion technology, achieving 99.99% two-qubit gate fidelity, a critical benchmark for high accuracy in quantum operations [13][15] - The company collaborates with various partners, including AstraZeneca and Nvidia, for drug development and Hyundai for self-driving car technology [16] - In Q3, IonQ's revenue surged 222% year over year to $39.9 million, despite a substantial GAAP net loss of $1.1 billion due to non-cash charges [19] - IonQ operates a business model monetizing its technology through Quantum Computing as a Service (QCaaS) and partnerships with government agencies, while expanding into quantum networking and security [17][18]