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Globe and Mail
4 days ago
- Business
- Globe and Mail
'The Nvidia of Quantum Computing': Should You Buy IonQ Stock for Its Bold Quantum Computing Vision?
Investing in quantum computing stocks remains a compelling proposition for investors, given that the transformative technology is poised to solve complex problems across verticals, including machine learning and cryptography. Today, the quantum computing segment is at a nascent stage but offers significant growth potential as the technology matures and commercial applications are deployed at scale. Market research projects the quantum computing total addressable market reaching as high as $7 billion by 2030. For technology investors, quantum computing stocks offer unique diversification opportunities distinct from traditional software, semiconductor, or cloud computing investments. So, let's see if you should invest in IonQ (IONQ) stock, a company known for its bold quantum computing vision. Is IonQ Stock a Good Buy in May 2025? IonQ delivered solid first-quarter results with $7.6 million in revenue, beating the midpoint guidance, while announcing transformative acquisitions that position the company as a comprehensive quantum technology leader. The quantum computing pioneer reported momentum across computing and networking segments, reinforced by a fortress balance sheet with nearly $700 million in cash equivalents. CEO Niccolo de Masi unveiled two critical acquisitions that accelerate IonQ's quantum internet vision. IonQ announced plans to acquire Boston-based Lightsynq, whose quantum memory technology enables quantum repeaters extending network range beyond current 20-mile limitations to hundreds of miles. Lightsynq's Harvard-developed technology, protected by over 25 patents, will accelerate IonQ's photonic interconnect capabilities for scaling to millions of qubits. Simultaneously, IonQ revealed the planned acquisition of Colorado-based Capella. This acquisition will bring space-based quantum key distribution capabilities and top-secret contracting expertise, positioning IonQ to compete with Chinese advances in quantum networking while serving critical national security applications. The quarter featured notable commercial wins for IonQ, including EPB's $22 million purchase of half a Forte Enterprise system's capacity, making EPB the first customer with both quantum computing and networking capabilities. IonQ also closed its majority acquisition of ID Quantique, solidifying global quantum networking leadership. Technical achievements included selecting the DARPA Quantum Benchmarking Initiative and demonstrating 12% simulation time improvements through partnerships with AstraZeneca (AZN) and Ansys (ANSS) at Nvidia's (NVDA) GTC conference. Is IonQ Stock the Next Nvidia? IonQ stock surged nearly 40% following optimistic comments from CEO Niccolo de Masi, who compared the quantum computing leader to GPU giants Nvidia and Broadcom (AVGO). De Masi's bullish outlook reflects growing momentum in quantum computing, with many stocks in the sector performing strongly over recent months. The CEO expressed confidence that IonQ could achieve Nvidia-like growth, stating the company is focused on 'driving the ecosystem.' This optimism comes despite earlier skepticism when Nvidia's Jensen Huang suggested quantum computing applications were decades away, though he later revised his stance at Nvidia's first Quantum Day event. While Nvidia is building its own quantum research center in Boston, de Masi remains confident in IonQ's competitive positioning. The surge reflects broader investor interest in quantum computing's potential to revolutionize technology applications, with IonQ positioned as a pure-play leader in the emerging field. IonQ operates four quantum networks, serving diverse customers in defense and telecommunications. The company's integrated approach, combining quantum computing with networking, creates unique synergies, positioning IonQ to dominate the emerging quantum internet market while maintaining leadership in quantum computing applications. Valued at a market cap of $10.2 billion, IonQ is forecast to increase its sales from $43 million in 2024 to $750 million in 2029. However, the quantum computing giant is forecast to remain unprofitable with net losses of $48.6 million in 2029, compared to a loss of $214 million in 2024. Out of the five analysts covering IONQ stock, three recommend 'Strong Buy,' one recommends 'Moderate Buy,' and one recommends 'Hold.' The average IONQ stock price target is $40, below the current trading price.
Yahoo
22-05-2025
- Business
- Yahoo
IonQ Stock Jumps 21% Following Q1 Earnings Results: Still a Buy?
IonQ, Inc. IONQ has captured investor attention with a sharp 21.2% rise in its stock price following its first-quarter 2025 earnings release on May 7. This impressive rally outpaced gains in the Zacks Computer - Integrated Systems industry, the broader Zacks Computer and Technology sector and the S&P 500, highlighting renewed enthusiasm around the company's bold expansion into commercial quantum systems and secure communication infrastructure. While enthusiasm is high, the question remains: Is this a sustainable uptrend or a short-lived bounce?Notably, despite this momentum, the IonQ stock still trades at a steep 35.5% discount from its 52-week high, raising a critical question for forward-looking investors: Is the post-earnings run just the beginning, or is the upside already priced in? IONQ Share's Price Performance Post Q1 Image Source: Zacks Investment Research The first-quarter 2025 results of IonQ, a pioneering force in quantum computing and networking, painted a mixed yet promising picture. Revenues were $7.57 million, essentially flat year over year, but beat estimates slightly. The company reported a net loss of $32.3 million, narrower than the prior year loss of $39.6 million, thanks to a non-cash gain of $38.5 million from warrant the adjusted EBITDA loss widened to $35.8 million from $27 million a year ago, reflecting a significant uptick in R&D and acquisition-related expenses. Operating expenses rallied 38% to $83.2 million, underscoring IonQ's aggressive push to expand its quantum the financial losses, the company reaffirmed its full-year guidance and showcased strong momentum in commercialization, government partnerships and M&A. A cornerstone of IONQ's first-quarter success was the $22-million sale of its Forte Enterprise system to EPB in Tennessee. This marked the first time a commercial customer has deployed both a quantum computer and a quantum network. The deployment not only added meaningful revenues but also validated IonQ's dual-platform model, positioning it at the intersection of quantum computing and deepened its global presence through new partnerships in Japan and South Korea, and expanded its technological breadth via three acquisitions — Lightsynq, Capella and ID Quantique. These moves position IONQ to lead in quantum internet infrastructure and secure communications, areas where demand is rapidly growing and competition is intensifying. Beyond hardware and acquisitions, IonQ is focused on building an end-to-end quantum ecosystem. Recent innovations include cloud availability of its systems through AWS, progress in quantum machine learning applications, and photonic interconnects for scalability. Additionally, its selection by DARPA for a national quantum benchmarking initiative cements its credibility with the U.S. makes IonQ stand out is its commitment to scaling the quantum internet, not just computing power. With Lightsynq's quantum repeater tech enabling 100 km photon transmission and Capella's satellite-based QKD capabilities, IonQ is laying the groundwork for a global, secure quantum network. IONQ ended the first quarter of 2025 with nearly $700 million in cash and equivalents, giving it ample firepower to execute its roadmap without resorting to dilution or debt. This liquidity buffer allows the company to pursue aggressive R&D and acquisitions, even as near-term revenue remains modest. With a robust balance sheet, IonQ has the flexibility to absorb losses while building toward long-term monetization. The Zacks Consensus Estimate for 2025 loss per share has narrowed for 2025 over the past 30 days, as you can see below, depicting analysts' optimism. The estimated figure indicates a much narrower loss than the year-ago reported loss of $ Zacks Consensus Estimate for 2025 revenues implies year-over-year growth of 97.3%. Image Source: Zacks Investment Research Valuation remains a concern for the company. IonQ's forward 12-month price/sales ratio sits at a steep 75.86, far above the industry average of 3.34. Even though this figure has fluctuated between 20.55 and 229.06 over the past two years, it underscores the high expectations baked into the current share the IONQ stock trades at a 35.5% discount to its 52-week high, but it has also skyrocketed 467.7% from its 52-week low, highlighting the speculative nature of its movement. With limited revenues and significant losses, the premium valuation hinges entirely on IonQ's ability to execute flawlessly and capture the nascent quantum market ahead of competitors. Image Source: Zacks Investment Research IonQ's largest hurdle in the near term is its cost structure. The company's heavy investment in talent, R&D and integration has led to ballooning expenses that overshadow stagnant revenue growth. A delay in revenue ramp-up or unexpected integration challenges from its multiple acquisitions can weigh on investor competition is intensifying globally. Chinese initiatives in satellite-based quantum communications, in particular, are accelerating. IonQ must prove that it cannot only keep pace technically but also commercialize its advances more effectively than quantum computing landscape is marked by intense competition, with tech giants like IBM, Alphabet's GOOGL Google, and Microsoft MSFT committing billions of dollars to advance the technology. Meanwhile, emerging players such as Baidu, Amazon, and Rigetti Computing RGTI are also aggressively working to carve out their share of this rapidly evolving market. Quantinuum, a joint venture backed by Honeywell, is IonQ's most comparable rival in the trapped-ion space, boasting high fidelity and commercial readiness. Rigetti offers a full-stack superconducting platform but remains in early-stage commercialization with modest revenue. D-Wave Quantum Inc. QBTS operates in the quantum annealing domain, targeting optimization problems with above 1,200 qubit systems. Google Quantum AI unit is a dominant force in superconducting qubit development and set benchmarks in scalability and quantum supremacy. These players collectively shape the highly competitive and rapidly evolving quantum computing landscape that IonQ must navigate. IONQ stands at the forefront of a technological revolution, with its dual focus on quantum computing and networking uniquely positioning it for long-term disruption. The recent 21% increase in share price following first-quarter 2025 earnings is more than just momentum; it reflects meaningful strategic $22-million commercial deal with EPB, expanding government partnerships like DARPA's benchmarking initiative, and acquisitions that bolster capabilities in quantum internet infrastructure all underscore IonQ's leadership in a rapidly evolving high R&D expenses and integration risks, IonQ's nearly $700 million cash position provides the financial flexibility to pursue innovation aggressively without compromising its long-term vision. While the stock's valuation is lofty, the narrowing consensus loss estimates and reaffirmed guidance signal growing confidence in long-term investors willing to embrace volatility, this Zacks Rank #2 (Buy) company offers a rare opportunity to gain early exposure to a company building the foundation of next-generation computing and secure can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report IonQ, Inc. (IONQ) : Free Stock Analysis Report Rigetti Computing, Inc. (RGTI) : Free Stock Analysis Report D-Wave Quantum Inc. (QBTS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
08-05-2025
- Business
- Yahoo
IonQ Announces Intention to Acquire Lightsynq, Expediting Quantum Computing, Quantum Internet, and Offering Clear Path to Millions of Qubits
"We're excited to work alongside the world-class quantum computing and networking teams at IonQ. Together we intend to move faster than any other player in the industry to deliver data-center-scale quantum computers that can deliver transformative value to customers," said CEO of Lightsynq, Dr. Mihir Bhaskar. "Our photonic interconnect will integrate with IonQ's quantum processing units (QPUs) to boost connection speeds and ensure long term market-leading scale and power in quantum computing. Our interconnect will also be critical for IonQ to build the quantum internet, enabling entirely new applications for customers in the financial, telecommunications, aerospace, and defense sectors." "IonQ's vision has always been to scale our quantum networks through quantum repeaters, and scale our quantum compute power through photonic interconnects. Today's announcement of our intention to acquire Lightsynq helps accelerate both roadmaps," said Niccolo de Masi, CEO of IonQ. "We are pleased to welcome Lightsynq founders Dr. Mihir Bhaskar, Dr. Bart Machielese, Dr. David Levonian and the rest of the Lightsynq team to IonQ. Their groundbreaking technology will accelerate IonQ's commercial quantum computer delivery to 10,000s and ultimately millions of qubits." Story Continues IonQ will also acquire ownership of Lightsynq's portfolio of over 20 technology patents and patent applications related to quantum memory, further strengthening IonQ's growing intellectual property position. The acquisition of Lightsynq follows IonQ's recent quantum computing and networking momentum, including the recently announced joint development of a new quantum computing innovation center with EPB in Chattanooga, TN, housing the first quantum computing and networking hub in the U.S. IonQ has also recently acquired Qubitekk and ID Quantique, two leaders in the quantum networking industry, and signed networking contracts with defense and intelligence organizations like the Applied Research Laboratory for Intelligence and Security (ARLIS) and the U.S. Air Force Research Laboratory (AFRL). Advisor Wilson Sonsini Goodrich & Rosati is serving as legal counsel to IonQ. Goodwin Procter LLP is serving as legal counsel to Lightsynq. About IonQ IonQ, Inc. is a leader in the quantum computing and networking industries, delivering high-performance systems aimed at solving the world's largest and most complex commercial and research use cases. IonQ's current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems, boasting 36 algorithmic qubits. The company's innovative technology and rapid growth were recognized in Newsweek's 2025 Excellence Index 1000, Forbes' 2025 Most Successful Mid-Cap Companies list, and Built In's 2025 100 Best Midsize Places to Work in Washington DC and Seattle, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at About Lightsynq Lightsynq is a quantum interconnect company founded by Harvard quantum networking experts and former AWS research leads Dr. Mihir Bhaskar (CEO), Dr. Bart Machielse (CTO) and Dr. David Levonian (CPO). Lightsynq's founders built the first-ever quantum repeater capable of extending the range of quantum networks, a key technology enabling quantum devices to connect together in a future Quantum Internet. Lightsynq's core mission is to use this same technology to build the world's best quantum interconnects to link quantum processors at high speeds and overcome the bottleneck of single-system scaling. IonQ Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words "anticipate," "develop," "vision," "intention," "will," "accelerate," "enable," "eventually," "goal," "advance," "unlock," "growing," "ultimately," and other similar expressions are intended to identify forward-looking statements. These statements include the anticipated closing of the acquisition; those related to IonQ and Lightsynq's quantum computing and internet capabilities and plans; IonQ and Lightsynq's technology driving commercial quantum advantage or delivering scalable, fault-tolerant quantum computing in the future; the relevance and utility of quantum algorithms and applications run on IonQ and Lightsynq's quantum computers; the necessity, effectiveness, and future impacts of IonQ and Lightsynq's offerings available today; Lightsynq personnel joining IonQ; the ability of Lightsynq's technology to accelerate the development and scale of IonQ's systems and offerings; the potential impact of photonic interconnect technology on IonQ and Lightsynq's systems and offerings; and the scalability, fidelity, efficiency, viability, accessibility, effectiveness, importance, reliability, performance, speed, impact, practicality, feasibility, and commercial-readiness of IonQ and Lightsynq's offerings. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: IonQ and Lightsynq's ability to implement their technical roadmap; changes in the competitive industries in which IonQ and Lightsynq operate, including development of competing technologies; IonQ and Lightsynq's ability to deliver, and customers' ability to generate, value from IonQ and Lightsynq's offerings; IonQ and Lightsynq's ability to deliver higher speed, fidelity gates, and multi-nodal qubit operations with fewer errors, enhance information transfer and network accuracy, or reduce noise and errors; IonQ and Lightsynq's ability to sell effectively to government entities and large enterprises; changes in laws and regulations affecting IonQ, Lightsynq, and their suppliers' businesses; IonQ and Lightsynq's ability to implement their business plans, forecasts, roadmaps and other expectations, to identify and realize partnerships and opportunities, and to engage new and existing customers; IonQ and Lightsynq's ability to effectively enter new markets; IonQ and Lightsynq's ability to deliver services and products within currently anticipated timelines; IonQ's and Lightsynq's inability to attract and retain key personnel; IonQ's ability to effectively integrate its acquisitions of Qubitekk, Inc. ID Quantique and Lightsynq's assets and close its acquisition of Lightsynq; IonQ's ability to hire and maintain the services of Lightsynq personnel; IonQ and Lightsynq's customers deciding or declining to extend contracts into new phases; the inability of IonQ and Lightsynq's suppliers to deliver components that meet expectations timely; changes in U.S. government spending or policy that may affect IonQ and Lightsynq's customers; and risks associated with U.S. government sales, including availability of funding and provisions that allow the government to unilaterally terminate or modify contracts for convenience; changes in laws and regulations affecting IonQ and Lightsynq's patents; and IonQ and Lightsynq's ability to maintain or obtain patent protection for its products and technology, including with sufficient breadth to provide a competitive advantage. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the IonQ's filings, including but not limited to those described in the "Risk Factors" section of IonQ's most recent periodic financial report (Forms 10-Q or 10-K) filed by IonQ with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations. IonQ may or may not choose to practice or otherwise use the inventions described in the issued patents in the future. View source version on Contacts IonQ Media contact: Jane Mazur press@ IonQ Investor Contact: investors@
Business Wire
07-05-2025
- Business
- Business Wire
IonQ Announces Plans for First Space-Based Quantum Key Distribution Network
COLLEGE PARK, Md.--(BUSINESS WIRE)--IonQ (NYSE: IONQ), a leading commercial quantum computing and networking company, today announced plans to launch a global space-to-space and space-to-ground satellite quantum key distribution (QKD) network, highlighting its ambitions to be the first company to have both a quantum network and quantum computer in space. To facilitate development of this network, IonQ has signed a definitive agreement to acquire Capella Space Corporation, a signals platform leader for top-secret government and commercial applications. The transaction is expected to close in the second half of 2025 subject to the satisfaction of customary closing conditions, including the receipt of regulatory approvals. Building on IonQ's recent acquisition of Qubitekk, a leading quantum networking company, and ID Quantique, SA, a global leader in quantum-safe networking and quantum detection systems, and IonQ's recently announced memorandum of understanding (MOU) with Intellian Technologies, Inc., a global provider of satellite communication antennas and ground gateway solutions, the acquisition of Capella will deepen and accelerate IonQ's quantum networking leadership. The acquisition will also expand IonQ's quantum computing partnerships with US top-secret agencies through Capella's Facility Security Clearance. 'We have an exceptional opportunity to accelerate our vision for the quantum internet, where global Quantum Key Distribution will play a foundational role in enabling secure communications,' said Niccolo de Masi, CEO of IonQ. 'Through our announced acquisitions of Lightsynq and Capella today, and the work we'll do with Intellian, IonQ is well positioned to lead the next-generation quantum internet.' QKD secures communications by leveraging quantum technologies to ensure that encryption keys cannot be intercepted or copied without detection. Historically, QKD has been limited to deployment at smaller distances. By leveraging long-distance quantum repeaters from Lightsynq combined with Capella's top-secret signals capabilities, IonQ expects to build global quantum-secure networks. 'Space is the next frontier for IonQ's leadership in quantum computing, quantum networking, and ultra-secure environments,' said Frank Backes, CEO of Capella. 'Quantum technologies have the potential to revolutionize space-based operations by enabling ultra-secure communications that transmit data to and from platforms with unmatched security. Capella's advanced platform and proven constellation will integrate with IonQ's quantum capabilities to enhance analytics, sensors, and security to bolster commercial applications and global defense and intelligence missions.' This acquisition will strengthen IonQ's position in advancing quantum networking technologies that are essential for building the quantum internet and supporting infrastructure development in the space economy. It will also build on recent defense and intelligence momentum, including a quantum networking contract with the Applied Research Laboratory for Intelligence and Security (ARLIS) and agreements with the U.S. Air Force Research Laboratory (AFRL) to deploy a quantum networking system at its Rome, New York, facility. Additionally, IonQ recently signed a $22 million partnership with EPB, a leading energy and communications provider in Chattanooga, Tennessee, to launch the nation's first quantum computing and networking hub. About IonQ IonQ, Inc. is a leader in the quantum computing and networking industries, delivering high-performance systems aimed at solving the world's largest and most complex commercial and research use cases. IonQ's current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems, boasting 36 algorithmic qubits. The company's innovative technology and rapid growth were recognized in Newsweek's 2025 Excellence Index 1000, Forbes' 2025 Most Successful Mid-Cap Companies list, and Built In's 2025 100 Best Midsize Places to Work in Washington DC and Seattle, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at IonQ Ownership Upon closing of the transaction, which is subject to customary closing conditions including the receipt of applicable regulatory approvals, Capella Space will become a wholly owned subsidiary of IonQ. Capella will use its advanced sensing capabilities, among other assets, to support the development of sovereign-grade intelligence capabilities that fuse orbital sensing, quantum computing, and secure networks for an AI-augmented Intelligence, Surveillance and Reconnaissance (ISR) stack for the U.S. and allied governments. Following closing of the transaction, CEO of Capella, Frank Backes, will lead IonQ's quantum-space initiatives. Advisors Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal advisor to IonQ. Citi is serving as exclusive financial advisor and Freshfields LLP is serving as legal advisor to Capella Space. IonQ Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words 'accelerate,' 'advancing,' 'ambition,' 'deepen,' 'enable,' 'encourage,' 'expanding,' 'opportunity,' 'plans,' 'well positioned,' 'will' and other similar expressions are intended to identify forward-looking statements. These statements include those related to IonQ's future acquisition of Capella Space Corporation and its acquisition of, and partnerships with, other quantum computing companies and the expected benefits of such acquisitions and partnerships, as well as IonQ's quantum computing capabilities and plans for the future. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to uncertainties as to the timing to consummate the potential acquisition of Capella; the risk that a condition to closing the acquisition may not be satisfied; the risk that regulatory approvals are not obtained or are obtained subject to conditions that are not anticipated by the parties; IonQ's ability to achieve the benefits from the proposed transaction and effectively integrate Capella in its operations. IonQ's ability to implement its technical roadmap; changes in the competitive industries in which IonQ operates, including development of competing technologies; IonQ's ability to deliver, and customers' ability to generate, value from IonQ's offerings; IonQ's ability to deliver higher speed and fidelity gates with fewer errors, enhance information transfer and network accuracy, or reduce noise and errors; IonQ's ability to sell effectively to government entities and large enterprises; changes in laws and regulations affecting IonQ's and its suppliers' businesses; IonQ's ability to implement its business plans, forecasts, roadmaps and other expectations, to identify and realize partnerships and opportunities, and to engage new and existing customers; IonQ's ability to effectively enter new markets; IonQ's ability to deliver services and products within currently anticipated timelines; IonQ's inability to attract and retain key personnel; IonQ's inability to effectively integrate its acquisitions of Qubitekk, Inc. and ID Quantique, SA; IonQ's customers deciding or declining to extend contracts into new phases; the inability of IonQ's suppliers to deliver components that meet expectations timely; changes in U.S. government spending or policy that may affect IonQ's customers; and risks associated with U.S. government sales, including availability of funding and provisions that allow the government to unilaterally terminate or modify contracts for convenience; changes in laws and regulations affecting IonQ's patents; and IonQ's ability to maintain or obtain patent protection for its products and technology, including with sufficient breadth to provide a competitive advantage. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Company's filings, including but not limited to those described in the 'Risk Factors' section of IonQ's most recent periodic financial report (Forms 10-Q or 10-K) filed by IonQ with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations.
