IonQ, Inc. engages in the development of general-purpose quantum computing systems. It sells access to quantum computers with 11 qubits. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services' (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service. IonQ, Inc. was incorporated in 2015 and is headquartered in College Park, Maryland.
IPO Year: 2021
Exchange: NYSE
Website: ionq.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/11/2023 | $12.00 → $21.00 | Buy | Craig Hallum |
4/26/2023 | $7.00 | Equal-Weight | Morgan Stanley |
6/8/2022 | $9.00 | Buy | Needham |
12/17/2021 | $28.00 → $22.00 | Neutral | Goldman Sachs |
11/22/2021 | $28.00 | Neutral | Goldman Sachs |
Qubitekk's renowned team, technology, products, and patent portfolio to join IonQ Acquisition to continue expansion of IonQ's trajectory into the quantum networking market Today, IonQ (NYSE:IONQ) announced that it has reached a definitive agreement to acquire substantially all of the operating assets of Qubitekk, Inc., a leading Vista, CA-based quantum networking company. As part of the transaction, the Qubitekk team will join IonQ to further enhance IonQ's leading position in the quantum networking industry. IonQ anticipates closing the acquisition within the next six months, subject to the satisfaction of certain closing conditions. Quantum networks are expected to become essential inf
Quantum computing leader to highlight the impact of quantum machine learning developments and its impact on key industries IonQ (NYSE:IONQ), a leader in the quantum computing industry, announced today that Dr. Masako Yamada, Director of Applications Development, will speak at Inside Quantum Technology's inaugural Quantum + AI Summit in New York City, taking place October 29-30, 2024. The first-time event brings together a dynamic lineup of speakers to address the challenges and opportunities at the intersection of quantum computing and AI, highlighting their complementary potential to drive innovation and efficiency, as well as showcase a behind-the-scenes look at applications and platform
President and CEO Peter Chapman plenary session to highlight significant advancements which will accelerate quantum innovation IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced President and CEO Peter Chapman's plenary session on Wednesday, September 11 at Quantum World Congress 2024. The annual technology event connects industry-leading researchers, academics, developers, legislators, policy makers and quantum computing experts, as they discuss and present the latest innovations in the global quantum ecosystem. Chapman will discuss IonQ's perspective on the quantum industry and share exciting new developments that are accelerating quantum innovation. He will
Independent Director of the Board Harry You–former CFO of Accenture and Oracle–also appointed as next Lead Independent Director of the Board IonQ (NYSE:IONQ), a leader in the quantum computing industry, announced today the appointment of Peter Chapman as its next Chairman of the Board and Harry You as the Lead Independent Director of the Board, effective at the close of IonQ's upcoming Annual General Meeting on June 5, 2024. Both appointments were disclosed in a proxy statement issued on April 25, 2024. Peter Chapman has also been nominated for re-election as a Class III director at the meeting, and his chairmanship will take effect assuming he is re-elected. "Last quarter we were del
The quantum applications team is focused on accelerating the path to commercial quantum advantage Roetteler's decades of quantum industry experience include leadership roles at Microsoft and NEC Laboratories IonQ (NYSE:IONQ), a leader in quantum computing, today announced the addition of industry expert, Dr. Martin Roetteler, as its new Head of Quantum Applications. Roetteler will lead IonQ's Quantum Applications development team, which identifies commercial applications of IonQ's world-leading trapped ion quantum computing technologies and delivers business value to customers. Additionally, he will drive innovation in the algorithms space across chemistry, materials science, optimiza
Cardillo's decades of federal leadership and strategic consulting experience will guide the development of IonQ products and partnerships that align with the needs of the U.S. and its global allies IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced the appointment of Robert Cardillo – Chairman and Chief Strategist of Planet Federal and former Director of the National Geospatial-Intelligence Agency – to its Board of Directors. In this role, Cardillo will expand upon IonQ's work with the U.S. government and its allies in establishing public-private partnerships that position IonQ as a global leader in the quantum economy. This press release features multimedia. V
Scannell's nearly four decades of sales experience at Dell Technologies will play a crucial role in helping IonQ navigate its next phase of growth and innovation IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced the appointment of Bill Scannell, President of Global Sales and Customer Operations at Dell Technologies, to its Board of Directors. As a member of the Board of Directors, Scannell will provide input and direction for IonQ's system sales strategy and help strengthen the company's leadership position in the quantum economy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240228956459/en/Bill S
The newly-launched Amazon Braket Direct program expands access to the most innovative quantum systems available on Amazon Braket with no upfront fees or subscriptions Customers can connect with IonQ application development experts directly via Amazon Braket Direct, receiving tailored support to leverage the full capabilities of IonQ quantum systems IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced the first public availability of IonQ Forte on Amazon Braket, through the Braket Direct Program. Amazon Braket is a fully managed quantum computing service from Amazon Web Services (AWS). Complementing existing on-demand access, customers can now use Braket Direct t
Margaret Arakawa joins as Chief Marketing Officer Kurt Kennett joins as Vice President of Software New leadership roles follow a year of record growth, including a $25.5M deal with US AFRL and achieving #AQ 29 on a barium platform IonQ (NYSE:IONQ), an industry leader in quantum computing, today announced the appointment of Margaret Arakawa as Chief Marketing Officer. She brings several decades of leadership experience to IonQ, having grown end-to-end ecosystems at startups and enterprise companies. "Margaret's arrival could not be better timed as we move to IonQ's next phase of growth," said Peter Chapman, CEO and President at IonQ. "IonQ brings together leading innovators and build
Co-founder and Chief Scientist Dr. Chris Monroe to depart IonQ to return to his academic, research and policy pursuits IonQ (NYSE:IONQ), an industry leader in quantum computing, today announced that Dr. Chris Monroe, Chief Science Officer, will be leaving the company. Dr. Monroe co-founded IonQ in 2015 and his scientific contributions and leadership have played an instrumental role in shaping IonQ's research efforts. As Gilhuly Family Distinguished Presidential Professor of Physics and Electrical Computer Engineering at Duke University, Dr. Monroe will be returning to his academic, research, and policy pursuits. He will continue to lead research in quantum computing technology, educate
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10-Q - IonQ, Inc. (0001824920) (Filer)
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IonQ uses the NVIDIA CUDA-Q platform alongside IonQ Forte to demonstrate an end-to-end application workflow The work reaffirms IonQ's focus on making quantum acceleration as simple and ubiquitous as GPU acceleration for on-prem and hybrid deployments IonQ (NYSE:IONQ), a leader in the quantum computing and networking industry, announced today the completion of an industry-first demonstration of an end-to-end application workflow that leverages the NVIDIA CUDA-Q platform alongside IonQ's leading quantum computing hardware. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241118387486/en/IonQ to Advance Hybrid Quantum Computing w
New and pending patents reflect IonQ's leadership in quantum computing performance and scalability Technical highlights include a new method for control and flexibility in gate operations and a unique low-error technique for controlling gate operations IonQ (NYSE:IONQ), a leader in the quantum computing and networking industry, announced today the issuance of five new U.S. patents designed to deliver benefits across multiple industries and applications. With the pending acquisition of Qubitekk's 118 patents, IonQ will have a total of over 600 U.S. and international issued and pending patents, standing apart from similarly-sized quantum companies based on its strength of IP protection an
IonQ (NYSE:IONQ), a leader in the quantum computing industry, announced today that it is developing photonic integrated circuits (PICs) and chip-scale ion trap technology for trapped ion quantum computing in partnership with imec, a world-renowned R&D center in nanoelectronics and digital technologies. By optimizing the design, production, and integration of chip-scale photonic devices and ion traps for scalable and high-performance quantum computers, the developments aim to push the boundaries of quantum computing performance. Traditional trapped ion quantum computing approaches rely on bulk optics for laser light modulation, delivery, and photon collection. By moving traditional bulk opt
NKT Photonics to deliver three innovative prototype optical subsystems to IonQ in 2025 NKT Photonics' advanced laser systems will be integrated into IonQ's upcoming data center-ready quantum systems IonQ (NYSE:IONQ), a leader in the quantum computing industry, announced today a partnership with NKT Photonics, a subsidiary of Hamamatsu Photonics, to procure next-generation laser systems for IonQ's trapped-ion quantum computers and networking equipment. The partnership involves NKT Photonics developing and delivering three prototype optical subsystems to IonQ in 2025, designed to support the commercialization of IonQ's data center-ready quantum computers – such as IonQ Tempo and future bari
IonQ and Ansys partner to enhance engineering simulation through advanced quantum computing Key Highlights The computer-aided engineering (CAE) market can benefit from the ability of IonQ quantum computers to accelerate simulation, allowing Ansys customers to perform more complex simulations and bring better products to market faster. New partnership aims to allow expert and non-expert users to seamlessly access the power of IonQ's quantum computers to improve product development processes. IonQ will use Ansys simulation solutions to design its next-generation quantum computers and quantum networks for increased scalability and performance. IonQ (NYSE:IONQ), a leader in the quantum
Exceeds High End of Guidance Range with Third Quarter Revenue of $12.4 Million, Representing 102% Year-Over-Year Growth Raises Full Year Revenue Guidance to Between $38.5 Million and $42.5 Million Secures $63.5 Million in Third Quarter Bookings, Including Largest 2024 U.S. Quantum Contract Award of $54.5 Million with United States Air Force Research Lab Signs Definitive Agreement to Acquire Qubitekk, Furthering Leadership in Quantum Networking Enters New Era of Quantum Networking Commercialization, with Significant Government Backing Announces Plan to Partner with AstraZeneca to Accelerate Drug Discovery and Development Announces Partnership with Ansys to Bring the Power of Qua
Qubitekk's renowned team, technology, products, and patent portfolio to join IonQ Acquisition to continue expansion of IonQ's trajectory into the quantum networking market Today, IonQ (NYSE:IONQ) announced that it has reached a definitive agreement to acquire substantially all of the operating assets of Qubitekk, Inc., a leading Vista, CA-based quantum networking company. As part of the transaction, the Qubitekk team will join IonQ to further enhance IonQ's leading position in the quantum networking industry. IonQ anticipates closing the acquisition within the next six months, subject to the satisfaction of certain closing conditions. Quantum networks are expected to become essential inf
Quantum computing leader to highlight the impact of quantum machine learning developments and its impact on key industries IonQ (NYSE:IONQ), a leader in the quantum computing industry, announced today that Dr. Masako Yamada, Director of Applications Development, will speak at Inside Quantum Technology's inaugural Quantum + AI Summit in New York City, taking place October 29-30, 2024. The first-time event brings together a dynamic lineup of speakers to address the challenges and opportunities at the intersection of quantum computing and AI, highlighting their complementary potential to drive innovation and efficiency, as well as showcase a behind-the-scenes look at applications and platform
IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced that the company will release its financial results for the quarter ended September 30, 2024, on Wednesday, November 6, 2024, after the financial markets close. IonQ will host a conference call at 4:30 PM Eastern time that same day to discuss its results and business outlook. The call will be accessible by telephone at 877-407-4018 (domestic) or 201-689-8471 (international). The call will also be available live via webcast on the Company's website here, or directly here. A telephone replay of the conference call will be available approximately three hours after its conclusion at 844-512-2921 (domestic) or +1-412
Breakthrough validates first-time entanglement in a commercial setting of two qubits in two separate ion traps IonQ (NYSE:IONQ), a leader in the quantum computing industry, announced it has achieved the next milestone on the path towards scaling its quantum systems – demonstrating remote ion-ion entanglement. Building off the ion-photon entanglement achievement announced in February, this demonstration announced in September showcases the second out of four significant milestones required to develop photonic interconnects – a foundational step towards quantum networking and a core component of IonQ's scaling strategy. IonQ's world-class R&D team entangled two trapped ion qubits from separ
Exceeds High End of Guidance Range with Third Quarter Revenue of $12.4 Million, Representing 102% Year-Over-Year Growth Raises Full Year Revenue Guidance to Between $38.5 Million and $42.5 Million Secures $63.5 Million in Third Quarter Bookings, Including Largest 2024 U.S. Quantum Contract Award of $54.5 Million with United States Air Force Research Lab Signs Definitive Agreement to Acquire Qubitekk, Furthering Leadership in Quantum Networking Enters New Era of Quantum Networking Commercialization, with Significant Government Backing Announces Plan to Partner with AstraZeneca to Accelerate Drug Discovery and Development Announces Partnership with Ansys to Bring the Power of Qua
IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced that the company will release its financial results for the quarter ended September 30, 2024, on Wednesday, November 6, 2024, after the financial markets close. IonQ will host a conference call at 4:30 PM Eastern time that same day to discuss its results and business outlook. The call will be accessible by telephone at 877-407-4018 (domestic) or 201-689-8471 (international). The call will also be available live via webcast on the Company's website here, or directly here. A telephone replay of the conference call will be available approximately three hours after its conclusion at 844-512-2921 (domestic) or +1-412
Second Quarter Results of $11.4 Million in Revenue, Exceeding High End of Guidance Range, Representing 106% Year-Over-Year Growth Secures $9 Million in Bookings, Including System Design Win with ARLIS Demonstrates Company Record Two-Qubit Native Gate Fidelity of 99.9%, Paving the Way for Highly Accurate Quantum Systems Announces Discovery of Partial Error Correction Technique, Bringing Quantum Era Within Reach Raises Full Year Revenue Guidance Range to Between $38 Million and $42 Million IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced financial results for the quarter ended June 30, 2024. "This was a tremendous quarter for IonQ, with the company pos
IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced that the company will release its financial results for the quarter ended June 30, 2024, on Wednesday, August 7, 2024, after the financial markets close. IonQ will host a conference call at 4:30 PM Eastern time that same day to discuss its results and business outlook. The call will be accessible by telephone at 877-407-4018 (domestic) or 201-689-8471 (international). The call will also be available live via webcast on the Company's website here, or directly here. A telephone replay of the conference call will be available approximately three hours after its conclusion at 844-512-2921 (domestic) or +1-412-317-
First Quarter Results of $7.6 Million in Revenue, Exceeding High End of Guidance Range, Representing 77% Year-Over-Year Growth Sales Pipeline Expanding in Deal Size and Volume with Improving Visibility Bookings Backloaded, Raises Bookings Guidance Range to $75 to $95 Million for 2024 Hired Stacey Giamalis as Chief Legal Officer, Dr. Martin Roetteler as Head of Quantum Applications IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced financial results for the quarter ended March 31, 2024. "We kicked the year off with strong revenue results, once again outperforming the high end of our guidance range," said Peter Chapman, President and CEO of IonQ. "I am als
IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced that the company will release its financial results for the quarter ended March 31, 2024, on Wednesday, May 8, 2024, after the financial markets close. IonQ will host a conference call at 4:30 PM Eastern time that same day to discuss its results and business outlook. The call will be accessible by telephone at 877-407-4018 (domestic) or 201-689-8471 (international). The call will also be available live via webcast on the Company's website here, or directly here. A telephone replay of the conference call will be available approximately three hours after its conclusion at 844-512-2921 (domestic) or 412-317-6671
Full Year Results of $22.0 Million in Revenue, Above High End of Range Full Year Results of $65.1 Million in Bookings, Above High End of Range, with Strong Pipeline Entering 2024 Fourth Quarter Results of $6.1 Million in Revenue, High End of Range Achieved 2024 Technical Milestone of #AQ 35 in December 2023, a Full Year Early Doubled Compute Space Performance Again, Reaching #AQ 36 in January 2024 Achieved First Major Milestone on Implementing Photonic Interconnects for Networked QPUs IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced financial results for the quarter and full year ended December 31, 2023. "IonQ had a landmark year in 2023, meeting
IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced that the Company will release its financial results for the quarter ended December 31, 2023, on Wednesday, February 28, 2024, after the financial markets close. IonQ will host a conference call at 4:30 PM Eastern time that same day to discuss its results and business outlook. The call will be accessible by telephone at 877-407-4018 (domestic) or 201-689-8471 (international). The call will also be available live via webcast on the Company's website here, or directly here. A telephone replay of the conference call will be available approximately three hours after its conclusion at 844-512-2921 (domestic) or 412-
Third Quarter Results of $6.1 Million in Revenue, Above High End of Range 2023 Full Year Revenue and Bookings Outlooks Increased Again Third Quarter Bookings of $26.3 Million Bring Bookings to $58.4 Million Year-to-Date as of Q3 Announces $25.5 Million Quantum Networking System Sale to AFRL Robust Commercial Pipeline Growth and Visibility Achieves $100 Million in Cumulative Bookings Within First Three Years of Commercialization Efforts Technical Momentum Continues Towards Commercial Advantage IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced financial results for the quarter ended September 30, 2023. "Our third quarter represents another massive s
IonQ (NYSE:IONQ), an industry leader in quantum computing, today announced that the company will release its financial results for the quarter ended September 30, 2023, on Wednesday, November 8, 2023, after the financial markets close. IonQ will host a conference call at 4:30 PM Eastern time that same day to discuss its results and business outlook. The call will be accessible by telephone at 877-300-8521 (domestic) or 412-317-6026 (international). The call will also be available live via webcast on the Company's website here, or directly here. A telephone replay of the conference call will be available approximately three hours after its conclusion at 844-512-2921 (domestic) or 412-317
The Learning Series will introduce quantum technologies, applications, and resources that can be incorporated into research, courses and curriculaClemson University will be the first university to integrate the Faculty & Research Learning Series, providing free sessions to faculty and researchersIonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced the launch of its new Faculty & Researcher Learning Series in partnership with South Carolina Quantum (SCQ). The Learning Series is the first event following the March agreement between IonQ and SCQ to accelerate the introduction of quantum technologies in academia and business across South Carolina. Learning Series' member
IonQ's (NYSE:IONQ) short percent of float has fallen 18.15% since its last report. The company recently reported that it has 36.66 million shares sold short, which is 19.07% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.97 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is im
Throughout the last three months, 4 analysts have evaluated IonQ (NYSE:IONQ), offering a diverse set of opinions from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 0 1 0 0 Last 30D 1 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $16.38, a high estimate of $18.00, and a low estimate of $11.50. This current average has incre
Needham analyst Quinn Bolton reiterates IonQ (NYSE:IONQ) with a Buy and maintains $18 price target.
Needham analyst Quinn Bolton reiterates IonQ (NYSE:IONQ) with a Buy and maintains $18 price target.
For the full year 2024, IonQ is increasing its bookings expectation range to between $75 million and $95 million.
IonQ Inc (NYSE:IONQ) reported first-quarter financial results Wednesday after the bell. Here’s a look at what you need to know. Q1 Earnings: IonQ said first-quarter revenue increased 77% year-over-year to $7.582 million, which beat the consensus estimate of $7.075 million, according to Benzinga Pro. The quantum computing company reported a quarterly loss of 19 cents per share, which beat analyst estimates for a loss of 24 cents per share. IonQ said it achieved $300,000 worth of new bookings in the first quarter. The company ended the quarter with $434.4 million in cash, equivalents and investments. “We kicked the year off with strong revenue results, once again outperforming the hig
IonQ (NYSE:IONQ) reported quarterly losses of $(0.19) per share which beat the analyst consensus estimate of $(0.24) by 20.83 percent. This is a 35.71 percent decrease over losses of $(0.14) per share from the same period last year. The company reported quarterly sales of $7.582 million which beat the analyst consensus estimate of $7.075 million by 7.16 percent. This is a 76.94 percent increase over sales of $4.285 million the same period last year.
Craig Hallum reiterated coverage of IonQ with a rating of Buy and set a new price target of $21.00 from $12.00 previously
Morgan Stanley initiated coverage of IonQ with a rating of Equal-Weight and set a new price target of $7.00
Needham initiated coverage of IonQ with a rating of Buy and set a new price target of $9.00
Goldman Sachs reiterated coverage of IonQ with a rating of Neutral and set a new price target of $22.00 from $28.00 previously
Goldman Sachs initiated coverage of IonQ with a rating of Neutral and set a new price target of $28.00
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