Overview
- IonQ’s fourth-quarter revenue jumped 429% to $61.9 million, surpassing its guidance.
- The company reports 99.99% two‑gate fidelity, a level positioned to enable the start of quantum error correction toward fault tolerance.
- IonQ acquired Oxford Ionics for electronic qubit control and is pursuing a SkyWater deal to secure foundry capability.
- IonQ was selected for the Missile Defense Agency’s SHIELD IDIQ program with a $151 billion ceiling, providing eligibility to compete for Pentagon task orders in sensing, networking, and simulation.
- D‑Wave focuses on quantum annealing for optimization problems rather than developing a universal gate‑based quantum computer.