On paper, they couldn't be more different. One has a billion-dollar war chest, the other, a half-billion. One favors slow, steady qubits that have been coaxed into new tricks; the other rides lightning-fast gates that could leave competitors in the dust. And yet, in the race toward quantum advantage, Rigetti Computing Inc. RGTI and IonQ Inc. IONQ are barreling toward the same finish line — from opposite ends of the track. RGTI is among today's weakest performers. See the complete data here. IonQ's trapped-i ...

Financial Performance - SkyWater's Q1 2025 total revenue was $61.3 million[55], a 23% decrease year-over-year[55] - Combined ATS and Wafer Services revenue was $60.1 million[55], a 16% decrease year-over-year[55] - Q1 2025 GAAP gross margin was 23.3%[57], a 700 basis points increase year-over-year[57] - Q1 2025 non-GAAP gross margin was 24.2%[57], a 733 basis points increase year-over-year[57] - Adjusted EBITDA was $4.0 million[59], an 18% decrease year-over-year[59] Revenue Breakdown - ATS development revenue was $52.5 million[55], a 14% decrease year-over-year[55] - Wafer Services revenue was $7.5 million[55], a 25% decrease year-over-year[55] - Tools revenue was $1.2 million[55], an 85% decrease year-over-year[55] Business Outlook - The company maintains its full-year revenue guidance range of 5% growth for combined ATS and Wafer Services[51] - Q2 2025 total revenues are expected to be in the range of $55 to $60 million[51] - The company expects Tools revenue for the full year to be approximately $30 million[66]