Overview

• IonQ demonstrated conversion of photons from its barium‑ion systems to telecom wavelengths on a prototype backed by the Air Force Research Lab, a step toward linking quantum computers over existing fiber, and shares rose about 4.5% on the news.
• The company reports its Tempo system hit an algorithmic qubit score of #AQ 64 ahead of schedule and cites world‑record gate fidelities of 99.999% for single‑qubit and 99.97% for two‑qubit operations.
• IonQ is broadening into a full stack through more than $1 billion of acquisitions, including Oxford Ionics ($1.08 billion, cleared by U.K. authorities on Sept. 12), ID Quantique, Lightsynq and Capella Space.
• Access to IonQ’s machines is available now via Amazon Braket, Microsoft Azure Quantum and Google Cloud, helping customers experiment as the company pursues longer‑term commercial use cases.
• Despite rapid growth, IonQ remains deeply unprofitable and trades at about 292 times trailing sales, with analysts highlighting integration and commercialization risks and noting inconsistent reports of its cash balance.