10 stories mentioning IONQ
Every FINWIRES story that references IONQ, newest first.
SkyWater Technology (SKYT) said Friday its stockholders have approved the acquisition of the company by IonQ (IONQ) at a special meeting.The transaction is expected to close in Q2 or Q3, the firm said.Price: $32.99, Change: $-0.08, Percent Change: -0.23%
IonQ's (IONQ) Q1 revenue beat and outlook raise validate the company's commercial momentum and growing customer base, Wedbush Securities said in a Thursday note.The company reported a Q1 adjusted loss of $0.34 per share, widening from a loss of $0.15 a year earlier, while revenue surged to $64.7 million from $7.6 million. IonQ also issued a Q2 revenue outlook of $65 million to $68 million, and raised its 2026 revenue guidance to a range of $260 million to $270 million.About 60% of the quarter's revenue came from commercial customers, consistent with the 2025 mix and indicating IonQ's maturing business, Wedbush said. Meanwhile, cross-selling accounted for 35% of Q1 revenue, suggesting that IonQ's integrations yield "tangible" results, not just one-off revenue, the brokerage added.Wedbush also noted the company's increasing remaining performance obligations, or RPOs, which serves as a key indicator of its capacity to drive commercial revenue further in the coming years.Wedbush raised its price target on IonQ to $75 from $60, with an outperform rating.Price: $49.25, Change: $-3.32, Percent Change: -6.32%
IonQ (IONQ) continues to beat quarterly revenue guidance, with momentum remaining strong and the company's 256-qubit milestone still on track, Morgan Stanley said in a Thursday note.IonQ beat revenue guidance for the fourth straight quarter, including a 31% beat in Q1, the firm said.Morgan Stanley said the company has not been specific about the drivers of outperformance, but trends point to strong ongoing momentum.Analysts also noted that one-third of the company's revenue came from customers who have bought more than one product, pointing to cross-selling synergies.Morgan Stanley said 256-qubit system developments are moving through later-stage systems testing and should be ready for demonstrations by year-end, with delivery expected in H1 2027.The firm raised its 2026 revenue estimate to $265 million from $235 million and its 2027 estimate to $401 million from $380 million.Morgan Stanley has an equal-weight rating on IonQ and raised its price target to $48.50 from $47.Shares of IonQ were down more than 4% in Thursday trading.Price: $50.33, Change: $-2.25, Percent Change: -4.27%
IonQ (IONQ) is expected to benefit from sector tailwinds following Nvidia's (NVDA) launch of its Ising open AI models to accelerate the path to useful quantum computers, Wedbush Securities said in a Monday note.IonQ was cited directly by Nvidia as one of the early adopters of Ising Calibration, the report said."This signals that IonQ's trapped-ion architecture is being recognized by the industry's most influential infrastructure player as production-ready and technically credible," the note said.The report said it also deepens the commercial relationship between IonQ and Nvidia and embeds IonQ within the hybrid stack NVDA is building around CUDA-Q and NVQLink.The report also said IonQ has "consistently" beaten its own guidance and raised forward estimates, and it could continue this trend with its Q1 results, due for release on May 6. IonQ forecast Q1 revenue of about $50 million.Wedbush reiterated its outperform rating and $60 price target.Price: $47.45, Change: $+1.25, Percent Change: +2.71%
IonQ (IONQ) has commercially launched Interferometric Synthetic Aperture Radar capabilities through its space missions line, the company said Monday.The new capabilities allow millimeter-precision ground deformation monitoring, enabling users to detect and track physical change on the Earth's surface consistently on an automated tasking platform, according to a statement.Financial terms of the new offering were not provided.Price: $46.61, Change: $+0.41, Percent Change: +0.89%
IonQ (IONQ) said Monday it entered an agreement with Florida LambdaRail to develop a nearly 100-mile quantum-safe network from Palm Beach County to Miami-Dade, connecting three research and education institutions.Phase 1 involves creating a three-node corridor linking select area colleges over the existing Florida LambdaRail fiber network before leveraging IonQ's quantum key distribution technology for protection against cyber threats, the company said.Upon completion of phase 1, the initiative is expected to expand across the Florida LambdaRail network, connecting additional institutions statewide, according to a statement.Price: $42.00, Change: $-0.70, Percent Change: -1.63%
IonQ (IONQ) is reinforcing a shift toward "engineering execution" in quantum computing following the company's release of a detailed technical blueprint, Wedbush Securities said in a note Thursday.The "engineering roadmap", released Wednesday, details a "concrete" path for scaling "fault-tolerant quantum computing" by integrating hardware, error correction, and modular control systems, the brokerage said.The announcement marks a pivot for the industry, shifting the central question from "if" such powerful machines are possible to "how" and "when" they will be built, according to the note.Historically, skeptics argued that fault tolerance would require "millions of physical qubits," pushing practical use cases decades into the future. However, IonQ's recent milestones, including 99.99% two-qubit fidelity and "reliable ion movement" suggest that timelines are "compressing faster than skeptics assumed," the report added.Industry watchers now believe that what was once considered a "15+ year" outcome for commercial quantum utility could be realized within a few years. This acceleration is expected to have "major implications" for sector valuations, government funding and the pace of enterprise adoption.Wedbush has an outperform rating on IonQ with a price target of $60.Price: $43.90, Change: $-3.46, Percent Change: -7.31%
Tech stocks rose late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) advancing 1.4% and the State Street SPDR S&P Semiconductor ETF (XSD) gaining 2.2%.The Philadelphia Semiconductor index added 2%.In corporate news, IonQ (IONQ) shares surged 19% after the company said it has been awarded a contract in the Defense Advanced Research Projects Agency's Heterogeneous Architectures for Quantum program.Microsoft (MSFT) will rent data center capacity from Nscale at a campus in Narvik, Norway, first intended for OpenAI, Bloomberg reported. Microsoft will rent 30,000 additional Nvidia (NVDA) Vera Rubin chips at the site, building on a prior $6.2 billion commitment, after OpenAI failed to reach an agreement with Nscale to run its workloads at the campus under its Stargate initiative, the report said. Microsoft shares were up 2.1%.Amazon (AMZN) agreed to buy mobile satellite services operator Globalstar (GSAT) as it aims to add direct-to-device services to its Leo satellite network. Amazon shares rose 3.9%, and Globalstar jumped 9%.Nvidia (NVDA) shares rose 3.6% after the company said Tuesday it is launching a family of quantum AI models, Ising, designed to allow companies to build quantum processors that will be able to run useful applications.
(Updates with the latest stock move in the headline and in the first paragraph.)IonQ (IONQ) shares were up 15% in Tuesday trading after the company said it has been awarded a contract in the Defense Advanced Research Projects Agency's Heterogeneous Architectures for Quantum program.The quantum technology company said its contract will focus on quantum memories that will support the program's speed and fidelity targets. IonQ said its quantum memories serve as core chips for its quantum interconnect systems.Financial details of the contract were not disclosed.Price: $34.32, Change: $+4.56, Percent Change: +15.31%
IonQ (IONQ) said Tuesday that it has been awarded a contract in the Defense Advanced Research Projects Agency's Heterogeneous Architectures for Quantum program.The quantum technology company said its contract will focus on quantum memories that will support the program's speed and fidelity targets. IonQ said its quantum memories serve as core chips for its quantum interconnect systems.Financial details of the contract were not disclosed.Price: $32.62, Change: $+2.84, Percent Change: +9.52%