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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.
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Analyst Day 2025 summary12 Sep, 2025

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.

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Frequently asked questions

IonQ Inc develops and sells quantum computing systems and offers quantum computing services through cloud platforms. It focuses on building trapped-ion quantum computers for applications across industries such as finance, healthcare, and logistics. The company is headquartered in College Park, Maryland, and its shares are listed on the NYSE.

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