IonQ (IONQ) Status Update summary

Strategic vision and mission

• Focused on delivering commercial quantum advantage by optimizing performance, scalability, and enterprise-grade readiness across all products.

• Emphasizing a balanced approach to architectural trade-offs to ensure robust, scalable, and manufacturable quantum systems.

• Mission includes enabling breakthroughs in chemistry, machine learning, and AI, with recent advances in drug discovery and large language models.

• Targeting applications that address significant industry challenges, such as drug discovery and energy-efficient AI.

• Customer-driven innovation is central, with rapid progress in both technology and commercial adoption.

Technology roadmap and performance milestones

• Current systems (Harmony, Aria, Forte) are available on the cloud, with Forte as the flagship, achieving AQ 36 a year ahead of schedule.

• Next-generation system, Tempo, will use barium qubits and a reconfigurable multicore architecture, targeting over 100 qubits and performance beyond classical simulation.

• 2025 goals include surpassing 99.9% two-qubit gate fidelity and bringing a third data center online in Basel.

• Long-term targets include six nines logical gate fidelity and scaling to thousands of qubits via photonic interconnects.

• All-to-all connectivity and modularity are key to reducing errors and enabling efficient scaling.

Scaling and modularity initiatives

• Barium qubits enable higher fidelity, visible spectrum lasers, and better integration with photonic technologies.

• Demonstrated 64-ion chains in barium, supporting the path to AQ 64 and beyond.

• Modular architecture with local shuttling and photonic interconnects allows for scalable, reliable, and cost-effective systems.

• Milestones achieved in ion–photon and photon-mediated ion–ion entanglement, with future plans for scalable multi-system entanglement.

• Extreme High Vacuum (XHV) packages under development to enable room-temperature operation and manufacturability at scale.