Overview
- IonQ is now the largest pure‑play quantum computing company by market value after shares climbed more than 600% over three years.
- Its third quarter 2025 revenue reached $40 million, up 222% year over year and ahead of Wall Street estimates.
- The company reported 99.99% two‑qubit gate fidelity using its trapped‑ion architecture, which offers high accuracy but trades off slower speeds and still falls short of levels some experts say are needed for clear quantum advantage.
- Partnerships with AstraZeneca, Nvidia, and Amazon are cited in reports that suggest quantum workflows could compress certain drug discovery steps from months to days.
- IonQ targets systems supporting 100 to 256+ physical qubits by the end of next year, as investor interest lifts peers Rigetti and D‑Wave and sector forecasts from McKinsey point to a potential $1 trillion market by 2035, even after a recent risk‑off pullback.