Overview
- The U.K. Investment Security Unit cleared IonQ’s acquisition of Oxford Ionics, fulfilling all conditions, and the company said it expects to close the transaction soon.
- At its Sept. 12 analyst day in New York, IonQ outlined a roadmap targeting about 2 million physical qubits and 80,000 logical qubits by 2030 with Oxford Ionics’ chip-based ion-trap technology central to that plan.
- IonQ highlighted an acquisition program that added Lightsynq and Capella in the June quarter and earlier brought in ID Quantique and Qubitekk to expand into quantum key distribution and networking.
- The company launched IonQ Federal, named Robert Cardillo executive chairman of the unit, and reported more than $100 million in U.S. government contracts with AFRL, DARPA, Oak Ridge National Laboratory and ARLIS.
- IonQ reported Q2 2025 revenue of $20.7 million, above its forecast, and guided Q3 revenue to $27 million.