IonQ (IONQ) Rosenblatt 6th Annual Age of AI Technology Summit summary

Strategic transformation and platform expansion

• Transitioned from a single-product quantum computing company to a multi-product platform spanning computing, foundry, networking, security, sensing, and space within 18 months under new leadership.

• Developed a roadmap extending to 2030, targeting up to 2 million qubits, with annual advancements in compute power and product generations.

• Acquired companies to add quantum security (ID Quantique), sensing, and foundry capabilities, creating a one-stop shop for quantum solutions.

• Announced intent to acquire SkyWater, a secure U.S. foundry, to ensure trusted, onshore manufacturing for quantum devices.

• Built the largest in-house quantum application development team, aiming to create an ecosystem akin to an "App Store" for quantum computing.

Technology roadmap and milestones

• Achieved a working prototype of a 256-qubit semiconductor chip, with 100-qubit systems shipping this year and 256-qubit systems planned for next year.

• Roadmap includes a 10,000-qubit chip targeted for 2027, with customer deliveries expected the following year.

• Transitioned from laser-based to semiconductor-based ion trap technology, reducing energy, cost, and physical footprint.

• Modular system design allows customers to upgrade machines incrementally, enhancing stickiness and reducing replacement costs.

• Manufacturing capacity expanded to four global sites, with chips produced at SkyWater and systems assembled in the U.S. and U.K.

Market dynamics and growth

• Quantum computing has risen in priority for governments and investors, with increasing adoption beyond labs to data centers and commercial applications.

• Organic quantum computing business is expected to grow 100% year-on-year, driven by both product innovation and expanding customer base.

• Customers are signing multi-generation agreements, with bookings for next-gen machines already underway.

• Security and networking products provide additional revenue streams and entry points for customers preparing for quantum threats.

• M&A activity has focused on acquiring revenue-generating companies to accelerate roadmap execution, with future acquisitions expected to be more selective.