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IonQ (IONQ) investor relations material
IonQ Analyst Day 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Strategic vision and leadership
Maintains a five-year technical lead in quantum computing and networking, with a roadmap to 2,000,000 qubits by 2030, leveraging modular, scalable architectures and semiconductor supply chains.
Demonstrated decade-long leadership with first-mover advantages in hardware, software, and commercial applications, including being the only quantum system available on all major public clouds.
Focuses on both quantum computing and networking, integrating acquisitions like LightSync, Capella, and Oxford Ionics to accelerate distributed, secure quantum data centers and global quantum networks.
Emphasizes sovereign systems and national security, with strong partnerships across governments, defense, and critical infrastructure sectors.
Attracts top talent and fosters a culture of innovation, with world record holders in fidelity and quantum networking on staff.
Technology and product roadmap
Commercial systems have evolved from Harmony to Forte and now Tempo, with the 100-qubit AQ64 system in development and a 256-qubit system planned for next year, targeting 2 million physical qubits and 80,000 logical qubits by 2030.
Achieved 99.99% two-qubit gate fidelity, enabling efficient error correction and rapid scaling to millions of qubits using electronic qubit control and standard semiconductor fabs.
Full stack innovation includes hardware, software, hybrid services, and quantum networking, supporting both on-prem and cloud access.
Software stack spans from low-level qubit control to application libraries, supporting hybrid workflows and customer lock-in.
Benchmarking methodology focuses on real-world impact: solution accuracy, time, cost, and energy.
Cost efficiency and scalability
Estimated bill of materials (BOM) cost per system is over 30x lower than superconducting competitors for 2M qubits.
Mass manufacturable, semiconductor-based approach enables datacenter-scale deployment and rapid scaling.
Best-in-class economics lower cost per logical qubit, supporting practical large-scale quantum computing.
Prioritizes miniaturization, unit economics, and mass market penetration to drive industry leadership.
Maintains a five-year lead over competitors, with superior unit economics—systems with millions of qubits at a fraction of competitors' costs.
Next IonQ earnings date

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