IONQ Research | Milton Maxwell

IONQ

IonQ, Inc.

49.67

+3.60+7.81%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '25

Demand surges; 256 tape-outs done.

2/25/26Feb 25, 2026

Q&A surfaced demand exceeding supply for Tempo systems, with management ramping deployment engineers and eyeing selectivity. Inder Singh pegged organic compute growth over 100% YoY, citing completed tape-outs A through C for the 256-qubit system. Seed Innovations acquisition details emerged, adding classified mission control software to knit IonQ's platform for federal programs like SHIELD. SkyWater regulatory process chugs along sans surprises; capacity suffices with low CapEx needs. Analysts probed costs and NQI funding—management touted sub-$30M BOM and $3.3B cash independence. Answers largely reaffirm prepared remarks' bullish tone. Execution visibility sharpened.

Key Stats

Market Cap

17.60B

P/E (TTM)

Basic EPS (TTM)

-5.84

Dividend Yield

Recent Filings

8-K

3/25/26Mar 25, 2026

8-K

Prospectus for Cambridge resale

3/11/26Mar 11, 2026

IonQ filed a prospectus supplement on March 11, 2026, enabling the University of Cambridge to resell 2,562,642 shares of common stock under a March 10 Registration Rights Agreement. Shares issued privately under Section 4(a)(2) exemption. Increases potential share float.

8-K

Prospectus for stockholder resales

2/27/26Feb 27, 2026

IonQ filed a prospectus supplement on February 27, 2026, enabling resale of 5,127,459 common shares by certain selling stockholders under its S-3ASR registration. No new capital raises for the company. Filing includes Paul, Weiss legal opinion.

8-K

IonQ revenue triples to $130M

2/25/26Feb 25, 2026

IonQ crushed Q4 and full-year 2025 guidance, posting $130.0M revenue—up 202% YoY and first quantum firm past $100M. Cash pile hit $3.3B amid commercial surge. It exploded revenue. SkyWater acquisition deal, announced January 26, eyes Q2/Q3 2026 close for U.S. quantum supply onshore.

10-K

FY2025 results

2/25/26Feb 25, 2026

IonQ's 10-K for FY2025 ended December 31, 2025 lacks financial statements, quarterly breakdowns, or performance metrics, omitting revenue, profitability, EPS, cash flows, or segment results. Executive changes dominated: CFO Thomas Kramer exited September 4 with 9 months severance; CRO Rima Alameddine transitioned November 24 to advisor role through year-end, also securing severance; new Chief Business Officer Scott Millard joined November with $500K base and $31M equity package. Board adjusted non-employee director pay to $150K cash plus $275K RSUs annually, effective December 29. General Raymond (Ret.) took special advisor role November 17 with $425K retainer and $12M equity. No guidance disclosed. Key risk: leadership turnover could stall quarterly momentum.

About

IonQ, Inc. develops quantum computers and networks in the United States. It sells access to quantum computers of various qubit capacities. The company also 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. The company engages in quantum-safe networking and quantum detection systems. It offers quantum key distribution systems, quantum random number generators, and single-photon detectors. In addition, it provides contracts associated with the design, development, construction, and sale of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems. The company has a collaboration agreement with AstraZeneca PLC for the development of quantum-accelerated computational chemistry workflow for healthcare, life sciences, and chemistry. The company was incorporated in 2015 and is headquartered in College Park, Maryland.

CEO

Mr. Niccolo Mcleod de Masi

IPO

1/4/2021

Website

https://ionq.com

Employees

407

Sector

Technology

Industry

Computer Hardware