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First quantum company to reach $100 million in annual revenue, IonQ breaks records

IonQ Financial Results 2025

On February 25, 2026, IonQ became the first public quantum company to generate more than $100 million in GAAP revenue, a notable quantum computing milestone. The fiscal year 2025 report of $130.0 million exceeded expectations by 20% and saw a 202% year-over-year rise.

IonQ CEO Niccolo de Masi considers the discoveries a strategic and financial “inflection point” as the company converts from a hardware developer into the world's first “full-stack quantum platform company.” In addition to compute, quantum networking, sensing, security, and merchant supply are involved.

Amazing Fourth Quarter

Fourth Quarter and Year 2025 Financial Highlights

Fourth-quarter revenue was $61.9 million, up 429% year-over-year and 55% over the indicated range.

Full-year revenue was $130.0 million, 202% above the midpoint.

On December 31, 2025, cash, investments, and cash equivalents were $3.3 billion.

Fourth-quarter net income was $753.7 million and GAAP EPS was $2.13.

In 2025, GAAP EPS was $1.82 and net loss $510.4 million.

For the fourth quarter and year, adjusted EBITDA loss was $67.3 million and $168.8 million.

Adjusted EPS was $0.20 and $0.60 for the fourth quarter and year.

The end of this release reconciles non-GAAP adjusted EBITDA and adjusted EPS to net loss and GAAP EPS, the nearest GAAP figures.

Fourth Quarter and Recent Business Highlights

The $60 million Quantum Basel arrangement covers four generations of IonQ systems over four years.

KISTI bought a fifth-generation, 100-qubit system, creating the nation's largest quantum-classical computing platform and putting hybrid AI, high-performance computing, and NVIDIA acceleration at the center of Korea's next-generation computing strategy

Strategic partnership with CCRM to accelerate advanced medicine development in quantum-enabled life sciences

Operational, large-scale national quantum networks in Slovakia, Romania, and Switzerland DARPA selected IonQ for Phase B of the Quantum Benchmarking Initiative due to its quantum capabilities.

SkyWater Purchase Protects Supply Chain The acquisition of SkyWater Technology by IonQ is part of their long-term strategy. This effort seeks to become the largest global “quantum merchant supplier” to ensure an onshore quantum chip supply.

“SkyWater helps us build an IonQ platform that customers, especially government and mission-driven buyers, can trust and plan around regardless of geopolitics,” de Masi said. The purchase will provide the U.S. quantum sector with trustworthy semiconductor-based scaling approaches.

Global and Commercial Appeal

Financial estimates for 2025 show a trend toward commercial viability. CFO and COO Inder Singh reported that over 60% of the year's revenue came from commercial clients, proving that quantum solutions are not just for academic research.

With over 30% of revenue from outside the US, the company is globalizing. World milestones in 2025:

The fifth-generation, 100-qubit gadget purchased by KISTI will anchor South Korea's largest quantum-classical computing infrastructure.

An enhanced $60 million QuantumBasel agreement covers four generations of IonQ equipment in Switzerland. European Networking: Romania, Slovakia, and Switzerland are building large quantum networks. See also Two-Timescale Relaxometry Reveals Qubit Noise Cause.

Tech Leadership and the “Tempo” Era

IonQ's financial success is built on record-setting technology. In 2025, the company set a global record with 99.99% two-qubit gate fidelity, improving complex quantum computing.

With its next system, IonQ Tempo, the company is pushing faster toward a semiconductor roadmap. This next-generation hardware is expected to give Amazon Web Services, AstraZeneca, and NVIDIA 20x performance results, advancing medicine research, logistics, and cybersecurity. DARPA selected IonQ for Phase B of the Quantum Benchmarking Initiative to test their technology.

Anticipating 2026

IonQ expects 2026 sales of $225–245 million. This estimate anticipates organic growth above 80% year-over-year in 2025.

“We have now integrated our capabilities to create powerful operating momentum into 2026,” de Masi said. Corporation revenue is predicted to reach $48 million to $51 million in the first quarter of 2026.

Strategic Seed Innovation Purchases Improve Quantum-AI Integration for IonQ

Seed Innovations, a Colorado-based software and technology R&D company, was acquired by IonQ today. This strategic move will give IonQ's Quantum Infrastructure team cutting-edge cloud architecture and machine learning (ML) skills to scale enterprise-ready solutions across its platforms and optimize system performance.

A Software R&D Team

Seed Innovations has been a major provider of technology solutions and full-lifecycle software development since 2013. As a Colorado Women-Owned Small Business (WOSB), the company employs developers, software architects, Site Reliability Engineers (SREs), and doctoral-level machine learning experts.

Seed Innovations was known for solving complex technology problems for the Department of War (DoW), Intelligence Community, and other commercial clients before this transaction. They are skilled at scaling technical solutions and upgrading legacy systems with AWS, SCRUM, and Scaled Agile Framework certifications.

Leadership and Strategy Integration

IonQ's Quantum Infrastructure would buy Seed Innovations, per the deal. Seed Innovations founder Marlu Oswald will report directly to IonQ Quantum Infrastructure President Frank Backes.

This integration aims to create AI-powered corporate software layers. Backes calls these layers “critical to managing and scaling complex quantum workloads.” He said the acquisition is essential to creating the “world’s only enterprise grade, full-stack quantum platform,” and IonQ’s goals depend on Seed’s autonomous scaling.

AI-Powered Quantum Performance Unlocking

The acquisition is expected to improve IonQ's technology stack in several ways:

AI-Optimized Performance: IonQ uses Seed's deep machine learning and sophisticated algorithms to increase system data analysis and behavior prediction.

Enterprise-Scale Automation: IonQ needs automated scaling designs and verified DevOps methods to scale. Smooth Cloud Integration: Building on Seed's microservices and cloud migration experience, IonQ plans to increase its availability across all major cloud providers to meet international organizations' quantum resource needs.

Growing IonQ Quantum Environment

The acquisition of Seed Innovations is part of a bigger, more aggressive expansion plan. An rising portfolio of strategic acquisitions aims to establish a “full-stack” platform including networking, sensing, security, and quantum compute.

In recent months, IonQ has advanced by acquiring Skyloom, Vector Atomic, Capella Space, Oxford Ionics, ID Quantique, Lightsynq, and Qubitekk. The company bought SkyWater Technology, a US semiconductor maker, to enhance its hardware supply chain.

Technological Progress and Global Impact IonQ continues to lead quantum technologies. The company set a global record in 2025 with a two-qubit gate integrity of 99.99%, which is essential for quantum calculations. Its latest quantum computer, IonQ Tempo, will assist partners like Amazon Web Services, AstraZeneca, and NVIDIA innovate faster. These relationships have yielded 20x performance in financial modeling, cybersecurity, drug discovery, and materials research.

IonQ has 1,300 employees across California, Washington, Germany, Italy, South Korea, and the UK. Seed Innovations by IonQ improve quantum platform impact and accessibility on land, sea, air, and space.

Transaction Schedule

Financial details of the purchase were not disclosed, but the closing date is January 30, 2026. This rapid integration shows how important it is for IonQ to lead the quantum race by combining cutting-edge hardware with AI-powered software.

IonQ Partnerships with SkyWater Technology

IonQ bought SkyWater Technology for $1.8 billion to develop the first vertically integrated quantum powerhouse.

IonQ has agreed to buy SkyWater Technology for $1.8 billion, transforming the worldwide advanced computing market. The first vertically integrated, full-stack quantum platform firm is formed by combining IonQ's leading quantum architecture and SkyWater's significant domestic semiconductor production capabilities.

The Agreement's details

The agreement indicates that IonQ will buy SkyWater for $35.00 per share in cash and shares. SkyWater shareholders will get $15.00 in cash and $20.00 in IonQ common stock per share, a 38.0% premium over the 30-day volume-weighted average price as of January 23, 2026.

The arrangement protects shareholders from stock price swings with a complicated collar mechanism. SkyWater investors will own 4.4% to 6.7% of the amalgamated company in the second or third quarter of 2026, depending on shareholder and regulatory approvals.

Quantum Roadmap Acceleration

IonQ's rapid technological milestone acceleration drove this acquisition. IonQ expects embedded access to a dependable U.S. foundry to reduce wafer iteration and accelerate prototype development. This efficiency delays functional testing of its 200,000-qubit Quantum Processing Units (QPUs) until 2028.

These next-generation processors need 8,000 ultra-high-fidelity logical qubits for fault-tolerant quantum computing. The integration may also speed up the building of a 2,000,000-qubit processor by a year.

Niccolo de Masi, Chairman and CEO of IonQ, said this transformational purchase accelerates its quantum computing future and secures its completely scalable supply chain domestically.

A Reliable National Security Partner

The deal strengthens IonQ's position as the US government and allies' top quantum partner. SkyWater's DMEA Category 1A Trusted Accreditation makes it invaluable for the Department of War and national security activities.

The united business will manage the U.S. supply chain from design and prototype to production, packaging, and long-term service enhancements. This secure infrastructure supports the Microelectronics Commons network and addresses state technical sovereignty limitations.

Continuous Operations and “Merchant Supplier” Status

SkyWater will remain a fully owned subsidiary under its own brand in Bloomington, Minnesota, after the transaction. CEO Thomas Sonderman will continue to lead SkyWater and report to de Masi.

SkyWater will remain a “pure-play” semiconductor foundry and merchant supplier, vital to the semiconductor industry. It will maintain delivering its customers cutting-edge technology and innovative services in AI, electrification, the IoT, and health diagnostics. Sonderman promised partners that SkyWater is “fully committed to all of our semiconductor foundry customers” and that cooperating with IonQ will accelerate next-generation quantum processor development.

Growing the Quantum Ecosystem

United Business will offer quantum networking, security, and sensing technologies beyond conventional computers. SkyWater proposes to build Regional Quantum Production Hubs in Minnesota, Florida, and Texas to supply land, sea, air, and space applications.

This collaboration should lead to innovations in many commercial sectors:

Pharmaceuticals: High-fidelity simulations accelerate drug discovery. Finance: Better risk assessment and complex financial modeling. Safe, impenetrable quantum interconnects and sensors for aerospace and military. IONQ Patent IP Portfolio is also available.

Financial Outlook and Market Position

IonQ is strong in this trade. The business achieved a world record 99.99% two-qubit gate fidelity in 2025. IonQ expects 2025 revenue to exceed its $106 million to $110 million estimate.

With over 1,300 employees in the US, Europe, and Asia, IonQ is leading the “quantum era” revolution. By maintaining a strong bank sheet, the acquisition allows aggressive commercialization of quantum technologies like the planned IonQ Tempo.

Multi-Million Dollar Collaboration Between SkyWater Technology and QuamCore to Fabricate Digital Superconducting Controllers Accelerates Scalable Quantum Computing

SkyWater Technology News

SkyWater Technology, the biggest US-based dedicated semiconductor foundry, has partnered with QuamCore, a deep-tech company creating a groundbreaking superconducting quantum processor architecture. A multi-million dollar contract underpins this strategic cooperation, which focusses on cooperatively researching and manufacturing Single Flux Quantum (SFQ) devices to accelerate the development of large-scale quantum computing.

The integration of QuamCore's unique SFQ-based control architecture with SkyWater's reliable U.S. manufacturing capabilities underpins this alliance. This partnership is expected to lay the groundwork for scalable quantum systems. QuamCore's strategy to develop a superconducting quantum computer with one million qubits changed with this agreement.

Quantum's Main Bottlenecks

The partnership aims to co-engineer a superconducting fabrication technology best for directly integrating SFQ digital control circuits with qubit arrays. This integration uses SkyWater's expertise in design enablement tools, process integration, and superconducting process modules. The coordination aims to maximise wafer-scale device yield, uniformity, and cryogenic performance.

Ultra-low-power, high-speed control allows the SFQ technology to work natively at cryogenic temperatures as low as 10mK. Ultra-low-temperature operation is necessary because the SFQ control method directly addresses wiring density, heat load, and system complexity, which restrict quantum system scalability.

According to QuamCore CEO Alon Cohen, the collaboration “accelerates our journey towards practical, large-scale quantum computing”. SkyWater's extensive superconducting process understanding and QuamCore's cutting-edge SFQ-based control technologies are helping “build the foundation for a truly scalable quantum system.”

Significant Tech Benefits

Integrated SFQ control promise improvements over present quantum system methods. Businesses' public information highlights several major benefits:

Compared to standard quantum structure control approaches, integrated SFQ control may reduce cabling by 1,000 times.

SFQ-based controllers should dissipate many orders of magnitude less power than similar CMOS technologies. Through a novel superconducting processor design, QuamCore runs at the challenging 10mK temperature by integrating ultra-low-power digital logic close to the qubits. This architecture-first technique aims to enable large-scale, commercially viable quantum computing by overcoming thermal and physical constraints that limit currently available quantum computers.

SkyWater's domestic, quantum-ready manufacturing and foundry expertise will accelerate QuamCore's journey from prototype to scale production.

Timeline & Executive View

SkyWater CEO Thomas Sonderman confirmed the company's earliest commitment to this industry. He stated SkyWater's mission as “to enable breakthrough technologies through advanced trusted U.S. manufacturing”. Sonderman said the relationship with QuamCore shows how their foundry skills may enable “the next generation of quantum systems operating at the deepest cryogenic levels.”

Collaboration goals have been outlined. Within 12–18 months, collaborative development milestones should be met. Developing test vehicles and demonstrating cryo-SFQ control chips were early successes.

American Silicon Foundation Security: SkyWater

NASDAQ ticker SKYT, SkyWater Technology is essential to the local semiconductor business. The firm is a trustworthy partner for government defence projects and private clients. SkyWater helps innovators like quantum computing researchers turn their ideas into products utilising a specific Technology as a Service (TaaS) approach.

SkyWater maintains Texas, Florida, and Minnesota modern facilities. Besides CMOS, Heterogenous Integration, MEMS, Photonics & Custom, and Rad-Hard solutions, the foundry works on superconducting technologies, fundamental nodes, and innovative packaging. Domestic presence strengthens the company's position in “securing America’s silicon foundation” and maintaining U.S. technological leadership and supply chain resilience. SkyWater is DMEA-accredited Category 1A Trusted Foundry.

Given its concentration on control design, QuamCore is well-suited to provide fault-tolerant, million-qubit systems. QuamCore aims to massively scale quantum computing by solving thermal and physical limits in current designs. Our relationship with SkyWater brings QuamCore closer to that goal.

SkyWater Technology Foundry is at the forefront of ushering in a new era of semiconductor innovation, pushing the boundaries of what's possible in the realm of technology. As we dive into the future, it becomes clear that SkyWater is not just a foundry; it's a catalyst for the wonders that lie ahead.

At the heart of SkyWater's groundbreaking approach is its commitment to providing access to advanced semiconductor manufacturing for a wide range of applications. Unlike traditional foundries that focus solely on high-volume production, SkyWater stands out by offering flexible solutions that cater to both large-scale and specialty projects. This versatility positions the foundry as a key player in the rapidly evolving tech landscape.

One of the most notable features of SkyWater's technology is its ability to facilitate the development of custom integrated circuits (ICs) for diverse applications. Whether it's the Internet of Things (IoT), artificial intelligence (AI), or next-gen communication systems, SkyWater empowers innovators to bring their ideas to life. The foundry's modular approach allows for efficient customization, ensuring that clients can optimize their designs for specific use cases.

Moreover, SkyWater's commitment to sustainability sets it apart in an industry often criticized for its environmental impact. The foundry employs a unique combination of green manufacturing practices and cutting-edge technologies to minimize its carbon footprint. This forward-thinking approach not only aligns with the growing demand for eco-friendly solutions but also positions SkyWater as a leader in responsible semiconductor manufacturing. Click here to know more information about Oxbow Industries.

As we peer into the future, the applications of SkyWater's technology become even more exciting. One area where the foundry is making significant strides is in the development of advanced sensor technologies. These sensors, integrated into various devices, have the potential to revolutionize industries such as healthcare, automotive, and manufacturing.

In healthcare, for instance, SkyWater's sensors could enable more accurate and real-time monitoring of patients, leading to improved diagnostics and personalized treatment plans. In the automotive sector, these sensors could enhance safety by providing vehicles with enhanced perception capabilities, paving the way for self-driving cars and reducing accidents.

The convergence of SkyWater's technology with artificial intelligence opens up new frontiers in computing. With the demand for AI applications skyrocketing, the foundry's capabilities become instrumental in producing the specialized hardware required for efficient AI processing. This collaboration between semiconductor manufacturing and AI could yield breakthroughs in fields such as natural language processing, computer vision, and robotics.

The advent of 5G has ushered in an era of unprecedented connectivity, and SkyWater is playing a pivotal role in shaping the future of communication technologies. The foundry's expertise in producing radio-frequency (RF) and mixed-signal ICs is crucial for the development of advanced communication systems. These systems not only facilitate faster and more reliable data transfer but also lay the groundwork for the Internet of Things to reach its full potential.

Looking forward, SkyWater's technology holds immense promise for space exploration. As humanity sets its sights on venturing deeper into the cosmos, the need for robust and reliable electronics becomes paramount. SkyWater's radiation-hardened semiconductor solutions could be instrumental in powering the next generation of space probes, satellites, and even manned missions, pushing the boundaries of what is achievable in the vast expanse of space.