IonQ
IonQ is a quantum computing platform company that develops and commercializes high-performance quantum systems using trapped ion technology. The company offers full-stack solutions across computing, networking, sensing, and security, aiming to achieve fault-tolerant quantum advantage. Its core value proposition lies in its modular architecture and the use of identical atomic qubits which provide superior coherence and connectivity compared to solid-state alternatives.
Financials
Based on Q1 2026 filing
Revenue
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Quantum Computing as a Service (QCaaS)
primaryCloud-based access to IonQ's quantum hardware through major public cloud providers and its own proprietary cloud platform. This segment allows customers to run quantum algorithms and experiments without owning physical hardware.
Amazon Braket, Azure Quantum, Google Cloud Marketplace, IonQ Cloud
Enterprise, Academic institutions, Government agencies, Quantum programmers
Quantum Hardware and Systems
majorThe sale of specialized quantum computing, networking, and sensing hardware for on-premises installation or dedicated remote use. This includes full quantum processing units (QPUs) and specialized systems for specific government or commercial use cases.
IonQ Quantum Processing Units (QPU), Trapped Ion Quantum Computers, Quantum Networking Hardware, Quantum Sensing Devices, Atomic Clocks
Government agencies, Research laboratories, Large-scale enterprises
Professional Services and Data-as-a-Service
moderateConsulting and co-development services to assist customers in building quantum applications, alongside satellite-based imaging data services. These services bridge the gap between current hardware capabilities and real-world business applications.
Algorithm development support, Concierge-level application development, Synthetic-aperture radar (SAR) imaging
Strategic partners, Defense contractors, Pharmaceutical companies, Financial institutions
Segment Financials
Quantum Hardware — Revenue
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Competitive Position
IonQ is a leading player in the trapped ion quantum computing space, distinguished by its modular architecture and high-fidelity two-qubit gates. It is currently the only company offering quantum hardware across all three major public cloud providers.
Geographies
United States, Global
Customer Segments
Government, Enterprise, Academia
Upstream Dependencies
Semiconductor foundries, Laser and optical component manufacturers, Vacuum technology suppliers, University research licenses
Downstream Customers
Cloud service providers, Pharmaceutical researchers, Financial modeling firms, National security and defense agencies
Competitors & Partners
Competitors
Partners
Amazon
AMZN
Cloud distribution partner for QCaaS via Amazon Braket
Microsoft
MSFT
Cloud distribution partner for QCaaS via Azure Quantum
Alphabet Inc.
GOOGL
Cloud distribution partner for QCaaS via Google Cloud Marketplace
University of Maryland
Research and intellectual property licensing partner
Duke University
Intellectual property licensing partner
Subsidiaries
Oxford Ionics Limited
Quantum computing company specializing in Electronic Qubit Control
Lightsynq Technologies, Inc.
Photonic interconnect technology specialist
id Quantique SA
Quantum security and sensing provider
Vector Atomic, Inc.
Quantum sensing and atomic clock developer
Capella Space Corp.
Satellite-based SAR imaging and data-as-a-service provider
Skyloom Global Corp.
Space-based optical communications provider
SkyWater Technology, Inc.
SKYT
Semiconductor foundry (pending acquisition)
IonQ FAQ
Common questions about IonQ
IonQ is a quantum computing platform company that develops and commercializes high-performance quantum systems using trapped ion technology. The company offers full-stack solutions across computing, networking, sensing, and security, aiming to achieve fault-tolerant quantum advantage. Its core value proposition lies in its modular architecture and the use of identical atomic qubits which provide superior coherence and connectivity compared to solid-state alternatives.
IonQ (IONQ) has a market capitalization of $26.2B and trades on NYSE.
IonQ generated $187.1M in trailing twelve-month revenue with a net loss of $458.7M, representing a net margin of -245.1%. Gross margin stands at 34.6%, with free cash flow of -$423.7M. These figures are based on the Q1 2026 filing.
IonQ's key competitors include IBM, D-Wave Quantum, Rigetti Computing, and others. These companies compete in similar markets and product categories.
IonQ has approximately 324 employees.