IONQ Inc (IONQ) CEO on Timeline to Quantum Value

The following is a statement from Peter Chapman, Chairman and CEO of IonQ (NYSE: IONQ):

Today’s classical computing hardware is limited by computational capacity and power requirements in ways that will likely prohibit society from ever being able to solve some of its most pressing problems.

IonQ’s current #AQ 36 Forte Enterprise systems are already providing insight to solutions for customers today, and our upcoming #AQ 64 Tempo systems in 2025 and next-generation #AQ 256 systems will enable us to tackle increasingly complex problems to deliver near-term business value. One of the areas facing the most significant potential disruption is strong AI, where we believe natively quantum AI will outperform classical AI.

Prudent leaders invest in things that have the potential for near-term returns. By the end of 2023, global quantum investment had reached $50 billion.* Companies like Amazon, Google, NVIDIA, IBM, and Microsoft are investing and hiring in the quantum compute area today.

The world depends on secure communications from financial services to military applications. IonQ is a leader in quantum networking, which we believe is as significant a market as quantum computing.

IonQ also has a history of delivering upon its technical and commercial milestones.

We anticipate that 2024 results will be at the high end of our bookings and revenue guidance and are extremely excited about 2025.

We believe that IonQ will be profitable, with sales approaching $1 billion, by 2030.

* McKinsey, Third Annual Quantum Technology Monitor 2024 Overview, April 24, 2024

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