IonQ Tests First Real-Time Quantum Error Decoder, Extends Gains on NVIDIA Integration

Insider Monkey··US·Read original
3▲2 ▼0Impact / 5
Summary · why it matters

IonQ jumped roughly 12% in premarket trading on September 23 after testing the industry's first real-time quantum error decoder, then extended gains on news that its Superion quantum processor would be integrated into NVIDIA's Accelerated Quantum Research Center, with Rigetti Computing trading up in sympathy. IonQ's second-quarter revenue came in at $80 million, up 287% year-over-year, and management boosted its 2026 projection to $280-290 million, with combined revenue after closing the SkyWater foundry purchase potentially reaching $460 million for the year. The company held roughly $2 billion in pro-forma cash, cash equivalents and investments following the SkyWater acquisition, dwarfing Rigetti's approximately $540 million. IonQ's market capitalization is around $17.48 billion against combined 2026 revenue guidance of $450 million to $460 million, putting its forward price-to-sales multiple in the 39x range, while Rigetti trades at a trailing price-to-sales ratio of 391.65x. Since September 2024, insiders at IonQ, Rigetti, D-Wave, and Quantum Computing Inc. have collectively sold around $895.1 million more stock than they bought, and short interest stands at 10.15% of IonQ's shares versus 19.07% for Rigetti.

Impact on assets 4

Quantum Computing▲ · 3 stocks
IONQ Inc
IONQ
▲ PositiveCapitalTechnologyrelevance

Q2 revenue rose 287% YoY to $80M and management raised 2026 guidance to $280-290M, with ~$2B pro-forma cash after the SkyWater acquisition.

Rigetti Computing Inc
RGTI
± Mixedrelevance

Rigetti traded up in sympathy with IonQ and is cited only for comparison metrics (cash, P/S ratio, short interest), not its own news.

Artificial Intelligence▲ · 1 stocks
NVIDIA Corporation
NVDA
▲ PositiveTechnologyrelevance

NVIDIA's Accelerated Quantum Research Center will integrate IonQ's Superion quantum processor.

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