IonQ (NYSE:IONQ) Q4 2025 Earnings call February 25, 2026 04:30 PM ET Company ParticipantsInder M. Singh - CFO and COOJordan Shapiro - Director of Investor RelationsNiccolo de Masi - Chairman and CEOShaun Cunningham - Equity Research AssociateConference Call ParticipantsCraig Ellis - Director of Research, Senior Semiconductor, and Capital Equipment AnalystDavid Williams - Managing Director and Senior Equity Research AnalystJohn McPeake - Managing Director and Senior Research AnalystKevin Garrigan - SVP and E ...

IonQ (NYSE:IONQ) Q4 2025 Earnings call February 25, 2026 04:30 PM ET Company ParticipantsInder M. Singh - CFO and COOJordan Shapiro - Director of Investor RelationsNiccolo de Masi - Chairman and CEOShaun Cunningham - Equity Research AssociateConference Call ParticipantsCraig Ellis - Director of Research, Senior Semiconductor, and Capital Equipment AnalystDavid Williams - Managing Director and Senior Equity Research AnalystJohn McPeake - Managing Director and Senior Research AnalystKevin Garrigan - SVP and E ...

Core Insights - SEALSQ Corp has announced a collaboration with Lattice Semiconductor to integrate TPM-based advanced post-quantum security capabilities into select Lattice FPGA solutions, addressing the growing need for quantum-resistant technologies in mission-critical applications [1][2] Company Overview - SEALSQ is focused on developing and selling semiconductors, PKI, and post-quantum technology hardware and software products, aiming to provide robust protection against quantum threats [7][9] - The company is pioneering the development of post-quantum semiconductors designed to safeguard sensitive data across various applications, including multi-factor authentication, smart energy, medical systems, defense, and industrial automation [8][9] Collaboration Details - The collaboration with Lattice Semiconductor aims to enhance the security of FPGA platforms by embedding SEALSQ's post-quantum capabilities, specifically the QS7001 and QVault TPM, into Lattice's secure FPGA architecture [2][3][4] - This partnership is expected to accelerate the transition to quantum-resistant systems for high-performance applications, demonstrating technical interoperability and supporting broader industry efforts toward next-generation quantum-secure hardware [4][5] Industry Context - The initiative aligns with the launch of the Year of Quantum Security 2026, emphasizing that quantum security is now an infrastructure and governance imperative, with both companies supporting the advancement of post-quantum standards recommended by organizations like NIST [5]

| . | | --- | | . | | = . | | . | | . 1 ロ | | ロ . - | | . | Q4 2025 Earnings Presentation February 5, 2026 Safe Harbor Statement Information, statements and projections contained in these presentation slides and related conference call concerning Fortinet's business outlook, the first quarter and full year 2026 guidance, and future prospects and expectations are forward-looking statements that involve risks and uncertainties. These forward-looking statements include statements regarding any indications rela ...

Core Viewpoint - The WISeKey Quantum Security Space Roundtable in Davos highlighted the urgent need for post-quantum security measures in the space sector to protect critical infrastructure from the vulnerabilities posed by advancing quantum computing [3][15]. Group 1: Quantum Security Challenges - Traditional cryptographic systems like RSA and ECC will be at risk due to advancements in quantum computing, threatening satellite communications and space-based data [4]. - The consensus among industry leaders is that quantum-ready architectures and cryptographic agility must be integrated from the design phase of space systems, as retrofitting is not feasible [7]. Group 2: Key Developments and Strategies - Participants discussed the integration of post-quantum cryptographic mechanisms in new satellite platforms, including hybrid approaches like Triple Key Encapsulation Mechanisms (KEMs) [8]. - The deployment of quantum-resistant semiconductors is becoming essential for trusted identities and secure operations in space [8]. - Ongoing developments include WISeSat.Space's initiation of proof-of-concept testing for post-quantum cryptography on satellites in late 2025, with a full operational satellite expected to launch in Q2 2026 [8]. Group 3: Perspectives from Industry Leaders - Colonel Ludovic Monnerat emphasized the strategic importance of quantum-resilient identity and secure command-and-control systems for national security [8]. - Benjamin Guyot highlighted the critical nature of secure satellite communications for space traffic coordination, advocating for end-to-end authentication [9]. - Mohammed Aboul-Magd warned that post-quantum security must be implemented now to safeguard space systems expected to operate for decades [10]. Group 4: Future Directions and Recommendations - The roundtable concluded with a consensus that quantum readiness in space is imperative, urging governments and industry leaders to act swiftly to secure satellites and ground systems against quantum threats [15]. - María Pía Aqueveque Jabbaz discussed the need for layered architectures built on interoperability and crypto-agility to ensure sovereignty in the quantum era [14].

Core Insights - IonQ's acquisition of SkyWater Technology for $1.8 billion represents a strategic shift in the quantum computing industry, enabling IonQ to create a vertically integrated quantum platform valued at $35 per share [1] - This acquisition addresses a significant limitation in quantum scaling by allowing IonQ to internalize fabrication, which is expected to enhance development cycles and manufacturing flexibility [2] - IonQ's move towards vertical integration contrasts with competitors like D-Wave and Rigetti, who still rely on external manufacturing partners, indicating a divergence in strategic approaches within the quantum ecosystem [3] Quantum Enablers - Northrop Grumman, Cloudflare, and Arqit Quantum are identified as key enablers in the quantum sector, positioned to benefit from the industry's shift towards scalable manufacturing and infrastructure, with projected earnings growth exceeding 10% by 2026 [4][5] - The global quantum computing market is anticipated to grow from approximately $3.52 billion in 2025 to $20.2 billion by 2030, highlighting the increasing importance of enabling technologies [5] - McKinsey's research suggests that the three core pillars of quantum technology could generate up to $97 billion in revenues by 2035, emphasizing the potential for enablers to provide clearer revenue paths compared to standalone hardware developers [6] Northrop Grumman - Northrop Grumman is actively investing in quantum technologies, committing $12.5 million to support quantum information science at Virginia Tech, and is focused on developing internal capabilities in advanced quantum computing [7][8] - The company is expected to report earnings growth of 10.2% in 2026, with revenue growth projected at 5.1% [9] Cloudflare - Cloudflare is enhancing its post-quantum security infrastructure, with plans for broader protocol compatibility in its Zero Trust Network Access solution, positioning itself as a critical enabler for quantum-era cybersecurity [10] - The company is projected to achieve earnings growth of 28.8% in 2026, with revenue growth of 26.9% [11] Arqit Quantum - Arqit Quantum is advancing quantum-safe encryption through its Encryption Intelligence platform, which has been commercially launched and is being utilized in a pilot program by the UK National Cyber Security Centre [12] - The company has secured multi-year contracts, including a significant agreement with a global telecom operator for quantum-safe network deployment, indicating strong market demand [12] - Arqit is expected to report earnings growth of 30.3% in 2026, with revenue growth projected at an impressive 214.2% [13]

Core Insights - The inauguration of the "Year of Quantum Security" at Davos signifies a major shift in global cybersecurity priorities, with quantum security becoming a dominant theme, surpassing the urgency of Artificial Intelligence discussions [1][2]. Group 1: Industry Context - Quantum computing poses a significant threat to current cryptographic standards, potentially rendering obsolete the systems that secure over 95% of global internet traffic, including RSA, Diffie-Hellman, and ECC [3]. - The "record now, decrypt later" threat indicates that adversaries are already collecting encrypted data for future decryption as quantum capabilities advance [3]. Group 2: Company Initiatives - SEALSQ and WISeKey presented deployable solutions for quantum security, including post-quantum secure semiconductors and new cryptographic methods embedded at the hardware level [4]. - The companies emphasized the need for immediate deployment of quantum-safe security solutions during high-profile discussions, including the CNBC Quantum Panel [5]. Group 3: Strategic Imperatives - The transition to quantum-resistant standards is critical for protecting digital trust and long-term data confidentiality, urging governments and enterprises to assess their vulnerabilities and sensitive data [7]. - Quantum security includes both Post-Quantum Cryptography and Quantum Key Distribution, with a strategic shift towards hybrid and fully quantum-resistant architectures becoming imperative [6]. Group 4: Company Overview - SEALSQ is focused on developing Post-Quantum Technology solutions, integrating semiconductors and PKI to address security challenges posed by quantum computing [8]. - The company is pioneering Post-Quantum Semiconductors designed to protect sensitive data across various applications, ensuring resilience against quantum threats [9].

Core Insights - The event "Trust and Convergence 2026: The Year of Quantum Security" aims to address the challenges of maintaining trust and security in a rapidly evolving technological landscape, particularly with the rise of quantum computing [1][2] - The gathering aligns with the World Economic Forum's 2026 Annual Meeting theme "A Spirit of Dialogue," focusing on collaboration amidst significant geopolitical and technological changes [3] Group 1: Event Overview - The event will take place on January 21, 2026, in Davos, bringing together leaders from various sectors to discuss the intersection of technology and human values [1] - Carlos Creus Moreira, the CEO of WISeKey, will chair the discussions, emphasizing the urgency of quantum security [4] Group 2: Key Themes and Discussions - The gathering will explore how technologies like AI, quantum computing, and cybersecurity are converging, necessitating a re-engineering of trust models [2][6] - Discussions will focus on the evolution of digital identity and governance in a post-quantum world, as well as the importance of public-private collaboration [6] Group 3: Notable Speakers - The event features prominent speakers, including David Fergusson, who will discuss the synthesis of technology, geopolitics, and human values [5] - Other notable participants include experts from IBM, MIT, and various technology and cybersecurity firms, contributing diverse perspectives on the challenges and opportunities in the field [5][11] Group 4: Technological Focus - A significant emphasis will be placed on the deployment of post-quantum cryptography and secure hardware to protect against emerging threats [7] - The role of space infrastructure in establishing a resilient digital ecosystem will also be a critical topic of discussion [7] Group 5: Company Background - WISeKey is a leader in cybersecurity, digital identity, and IoT solutions, with a focus on securing digital ecosystems through its various subsidiaries [8][9] - The company has deployed over 1.6 billion microchips across IoT sectors, playing a vital role in securing the Internet of Everything [9]

Core Insights - The event "Trust and Convergence 2026: The Year of Quantum Security" aims to address the challenges of maintaining trust and security in a rapidly evolving technological landscape, particularly with the rise of quantum computing [1][2] - The gathering aligns with the World Economic Forum's 2026 Annual Meeting theme "A Spirit of Dialogue," focusing on collaboration amid significant geopolitical and technological changes [3] Event Overview - The event will take place on January 21, 2026, in Davos, Switzerland, and will feature global leaders, policymakers, and technologists discussing the intersection of various technologies [1][2] - Carlos Creus Moreira, the Founder and CEO of WISeKey, will chair the event, emphasizing the urgency of quantum security [4] Discussion Topics - Key discussions will include the disruption of existing trust models by quantum computing across various sectors such as government, finance, and healthcare [6] - The need for evolution in digital identity and governance in a post-quantum world will be a focal point, alongside the importance of public-private leadership [6][7] Technological Focus - The event will highlight the deployment of post-quantum cryptography and secure hardware, addressing threats like "harvest-now, decrypt-later" [7] - Space infrastructure will be discussed as a critical component for establishing global trust in digital systems [7] Speaker Lineup - The event features a diverse group of speakers from various fields, including technology, policy, and ethics, such as David Shrier from Imperial College London and Mark Hughes from IBM Consulting Cybersecurity Services [5][11]

Core Viewpoint - SEALSQ Corp is positioned as a leader in post-quantum semiconductor and cryptographic security technologies, emphasizing the urgent need for quantum-safe technologies to protect critical infrastructure and sensitive data in light of the launch of the "Year of Quantum Security 2026" [1][3][6] Group 1: Company Initiatives - The launch of "Year of Quantum Security 2026" in Washington, D.C. highlights the need for coordinated global strategies to address risks from quantum computing [1][6] - SEALSQ has been preparing for the need to secure long-lived data and critical infrastructure against quantum-enabled threats [2][6] - The company has partnered with Trusted Semiconductor Solutions to supply post-quantum-ready semiconductor platforms to U.S. government and enterprise customers [4][5] Group 2: Technology and Products - SEALSQ's products include secure microcontrollers and chips with quantum-resistant cryptographic algorithms, designed to protect against harvest-now-decrypt-later attacks [4][9] - The company is expanding its roadmap to include next-generation quantum-enabled infrastructure, focusing on the protection of quantum processors and secure provisioning of quantum networks [5][9] - SEALSQ's technology integrates semiconductors, PKI, and provisioning services, addressing security challenges posed by quantum computing [8][9] Group 3: Industry Context - The launch of YQS2026 underscores the risks of fragmented national approaches and delayed planning in quantum-safe migration, which is a multi-year journey [6][7] - As global governments and industries transition from awareness to action, SEALSQ is prepared to support partners with technologies that secure critical infrastructure and digital identity [7][8]