Ionq, Inc. · NYSE:IONQ

Ionq — Investor Day (September 2026)

107 slides from Ionq's investor day presentation, Sep 8, 2026

Slide 2: Important Information
Important Information FORWARD - LOOKING STATEMENTS AND OTHER INFORMATION This presentation contains forward - looking statements. All statements other than statements of historical fact are forward - looki ng statements, including but not limited to statements regarding our guidance for the financia
Slide 3: Leadership presentations and real-world applications
LEADERSHIP PRESENTATIONS REAL - WORLD APPLICATIONS AND CUSTOMER PERSPECTIVES 01 Opening 07 Building with SkyWater Quantum Solutions Niccolo de Masi Mihir Bhaskar 02 Quantum Computing 08 Go - to- Market & Commercial Momentum Chris Ballance Chad Sakac 03 Introducing SkyWater & Quantum Foundry 09 Real
Slide 5: Evolution: Quantum Pioneer
EVOLUTION 1995 - 2018 2019 - 2024 2025 2026 QUANTUM COMMERCIALIZATION PLATFORM VERTICAL PIONEER EXPANSION INTEGRATION First quantum First on all three First quantum First vertically integrated logic gate major clouds platform company quantum platform NEARING ~$1M ~$10M ~$100M $300M Copyright © 2026
Slide 6: Our Full Stack Quantum Platform
OUR FULL STACK QUANTUM PLATFORM QUANTUM QUANTUM QUANTUM QUANTUM QUANTUM PRODUCTS & SERVICES COMPUTING NETWORKING SENSING SECURITY QUANTUM ACCELERATED TECHNOLOGY SERVICES QUANTUM SEMICONDUCTOR QUANTUM FOUNDRY ADVANCED PACKAGING QUANTUM PHOTONICS MANUFACTURING Serving CLOUD FINANCIAL BIO & LIFE CHEMIS
Slide 7: Q2 2026 Revenue Exceeds the Rest of the Pure-Play Industry
Q2 2026 REVENUE EXCEEDS THE REST OF THE PURE - PLAY REPORTED INDUSTRY Q2 2026 REPORTED REVENUE · ($ MILLIONS USD) $43.6M Rest of publicly reported quantum $80.1M industry combined 80.1 Infleqtion 12.6 Nearly double all other pure - play Quantinuum 8.0 quantum companies combine d IQM 7.6 Quantum Comp
Slide 8: Continuing to Execute on Our Milestones
CONTINUING TO EXECUTE ON OUR MILESTONES HIGHLIGHTS: SEPTEMBER 2025 → SEPTEMBER 2026 FINANCIAL RESULTS TECHNICAL LEADERSHIP MARKET VALIDATION 5x 1kHz 256 qubit 3 OUR REVENUE SCALE ENTANGLEMENT RATE, QPUs FABRICATED AT MAJOR DARPA PROGRAMS H1 2025 TO H1 2026 4X FASTER THAN PREVIOUS SKYWATER ADVANCING
Slide 9: Two Forces Closing in on Today's Encryption
TWO FORCES CLOSING IN ON TODAY’S ENCRYPTION LATEST ESTIMATES Classical AI AI HAS FOUND EXPECT QUANTUM Quantum will Sensitive data of is weakening PREVIOUSLY UNKNOWN break traditional every enterprise COMPUTERS TO BREAK modern PQC FLAWS IN LEADING NIST and government RSA - 2048 THIS DECADE encryption
Slide 10: Quantum-safe defense in depth
SECURITY PLATFORM Posture Management Quantum - safe See your exposure in real time defense in depth PQC Protection at multiple layers, plus exposure Modern algorithms everywhere monitoring and remediation. QKD Keys secured by physics Copyright © 2026 IonQ, Inc. All Rights Reserved.
Slide 11: Global Compute Footprint
GLOBAL COMPUTE FOOTPRINT 1,800+ 1 Cloud users worldwide 33,000+ Hours of cloud uptime 6 Continents 100% 2 Announced on - prem deployments FY26E Y/Y Organic Growth Select cloud customer locations 1. Unique users of IonQ Cloud; does not include AWS, Google or Azure 2. Organic revenue is a supplemental
Slide 12: Full Compute Stack Applications
FULL COMPUTE STACK 01 APPLICATIONS Real applications, in production today. The full - stack compute platform 02 SOFTWARE & ERROR CORRECTION Every layer engineered for the A complete, published path others, from application to atom. to fault tolerance. 03 QPU & MANUFACTURING Nature’s perfect qubits,
Slide 13: The full-stack compute platform
WITH DATA CENTER SCALABILITY The full - stack Supported by the compute platform world’s fastest Every layer engineered for the quantum interconnect 1 others, from application to atom. For data center - scale distributed architectures 1. IonQ findings from a forthcoming study; details will be made av
Slide 14: Our Full Stack Approach Unlocks Vast Application Space
OUR FULL STACK APPROACH UNLOCKS VAST APPLICATION SPACE We demonstrated powerful applications this year: Training Robotic AI Models Training Robotic AI Models Quantum Federated Learning Quantum Federated Learning Quantum - accelerated CFD for a jet engine ✓ Q1 2026 Optimization Of AI Agent Optimizati
Slide 15: Healthcare Applications
HEALTHCARE APPLICATIONS The hardest problems in medicine are computational. ▪ Design a cancer drug before it exists ▪ Read a genome with nothing missing ▪ Fit a treatment to one person’s biology ▪ Detect diseases before symptoms emerge ▪ Simulate molecular behavior Copyright © 2026 IonQ, Inc. All Ri
Slide 16: Compute Hardened Security
COMPUTE HARDENED SECURITY April 2026 September 2026 The Walking Cat blueprint Full - stack resource estimate, accounting for every instruction arXiv:2604.19481 An IonQ system can recover a 256 - bit elliptic - curve key: Fault-Tolerant Quantum Computing with Trapped Ions: The Walking Cat Architectur
Slide 19: Commercialization Momentum
COMMERCIALIZATION MOMENTUM 1st 2 nd 3 rd 4 th 5 th Generation Generation Generation Generation Generation HARMONY ARIA FORTE FORTE ENTERPRISE TEMPO 2019 2021 2023 2024 2025 Copyright © 2026 IonQ, Inc. All Rights Reserved.
Slide 20: Platform Scale and Customer Metrics
25 33,000+ 1,200+ FULL STACK QUANTUM PLATFORM COUNTRIES WITH LIFETIME HOURS OF CLOUD UPTIME PATENTS GRANTED AND CUSTOMERS WHO HAVE PENDING WORLDWIDE RUN WORKLOADS COMPUTE SENSING NETWORKING SECURITY 100% ALL 3 2026E Y/Y ORGANIC REVENUE GROWTH 1 1. Organic revenue is a supplemental measure representi
Slide 21: Scaling the Summit to Fault Tolerance
SCALING THE SUMMIT TO FAULT TOLERANCE 3 DEMONSTRATE SCALE with the core platform, across multiple generations, to enable applications that couldn’t exist before 2 VERTICALLY INTEGRATE to accelerate innovation cycles and enable manufacturability 1 RADICALLY SIMPLIFY the platform enabling new levels o
Slide 23: Scaling the Summit: Radically Simplify
SCALING THE SUMMIT TO FAULT TOLERANCE 3 2 1 RADICALLY SIMPLIFY the platform enabling new levels of scale and repeatability Copyright © 2026 IonQ, Inc. All Rights Reserved.
Slide 25: Radical Simplification: Electronic Qubit Control (EQC)
RADICAL SIMPLIFICATION: ELECTRONIC QUBIT CONTROL (EQC) Electronic Qubit Control Semiconductor - Based Manufacturing In House Copyright © 2026 IonQ, Inc. All Rights Reserved.
Slide 34: The Path to Deploying IonQ Superion 256
THE PATH TO DEPLOYING IONQ SUPERION 256 Sept. 8 TODAY 99.99% Chip Design First Chip Component Trapping Dynamic Circuit Integrated Superion 256 Quantum Cloud 1st Customer Gate Fabrication Prototype Testing First ion on Execution with System Production Multiplexed IO Early Access System Build Fidelity
Slide 35: Scaling the Summit: Vertically Integrate
SCALING THE SUMMIT TO FAULT TOLERANCE 3 2 VERTICALLY INTEGRATE to accelerate innovation cycles and enable manufacturability 1 Copyright © 2026 IonQ, Inc. All Rights Reserved.
Slide 37: Vertical Integration = Rapid Iteration
VERTICAL INTEGRATION = RAPID ITERATION 100+ LEARNING CYCLES PER 12x MORE WAFER LOTS DELIVERED 1 YEAR EXPECTED 330x REDUCTION IN 9 MONTHS 2 MONTHS COST - PER -QUBIT 2 256Q CHIP CYCLE TIMES 1. Figure based on a per six-month period with SkyWater, as compared to lots delivered in our previous ion-trap
Slide 38: Scaling the Summit: Demonstrate Scale
SCALING THE SUMMIT TO FAULT TOLERANCE 3 DEMONSTRATE SCALE with the core platform, across multiple generations, to enable applications that couldn’t exist before 2 1 Copyright © 2026 IonQ, Inc. All Rights Reserved.
Slide 39: Superion Is the Foundation
SUPERION 256 IS THE FOUNDATION OUR BLUEPRINT FOR SCALE: WALKING CAT 256 qubits The most detailed full - stack quantum computing architecture Copyright © 2026 IonQ, Inc. All Rights Reserved. Copyright © 2026 IonQ, Inc. All Rights Reserved. L1
Slide 40: Engineering to 200K and Beyond: 10,000 Qubits
ENGINEERING TO 200K AND BEYOND 10,000 qubits SCALING TECHNIQUE: CMOS Copyright © 2026 IonQ, Inc. All Rights Reserved. Copyright © 2026 IonQ, Inc. All Rights Reserved. L2
Slide 41: Engineering to 200K and Beyond: 20,000 Qubits
ENGINEERING TO 200K AND BEYOND 20,000 qubits SCALING TECHNIQUE: TILING Copyright © 2026 IonQ, Inc. All Rights Reserved. Copyright © 2026 IonQ, Inc. All Rights Reserved. L3
Slide 42: Engineering to 200K and Beyond: 200,000 Qubits
ENGINEERING TO 200K AND BEYOND 200,000 qubits SCALING TECHNIQUE: DIE SHRINK Copyright © 2026 IonQ, Inc. All Rights Reserved. Copyright © 2026 IonQ, Inc. All Rights Reserved. L4
Slide 43: Simple, Scalable, and Mass Manufacturable
SIMPLE, SCALABLE, AND MASS MANUFACTURABLE 256 qubits 10K qubits 20K qubits 200K qubits 1M+ qubits and beyond SCALING TECHNIQUE SCALING TECHNIQUE SCALING TECHNIQUE SCALING TECHNIQUE CMOS TILING DIE SHRINK 2.5D IC PACKAGING Copyright © 2026 IonQ, Inc. All Rights Reserved.
Slide 44: Full-Stack Compute Platform
FULL - STACK COMPUTE PLATFORM QUANTUM SOLUTIONS • 100x faster time to solution of MaxCut optimization versus other quantum modalities • 10,000x improvement in time to solution for signal deconvolution problem • 20x speedup of hybrid GPU/QPU computational chemistry workflow SOFTWARE, ARCHITECTURE & E
Slide 45: Setting the Benchmark for Quantum Computing
SETTING THE BENCHMARK FOR QUANTUM COMPUTING Shor’s Algorithm on 20,000 physical qubits 256 - bit elliptic curve 25.7 days TO RECOVER, USING 19,397 PHYSICAL QUBITS, WHICH IS 31x IMPROVEMENT OF ERROR - CORRECTION MODULES FULL - STACK RESOURCE BLUEPRINT Our implementation model fully accounts for every
Slide 47: From Lab to Fab
AT SKYWATER, WE MANUFACTURE BY THE LOT Semiconductor manufacturing has underpinned other compute revolutions. Quantum is now in that phase. PHYSICS PROBLEMS ENGINEERING PROBLEMS FROM LAB TO FAB Units of Production: one trap, one system Units of Production: dies per wafer, lots per month Copyright ©
Slide 48: Quantum Innovation Requires Specialized Technology as a Service
QUANTUM INNOVATION REQUIRES SPECIALIZED TECHNOLOGY AS A SERVICE Quantum TaaS Volume Specialized Design Development Manufacturing and R&D in Foundry Copyright © 2026 IonQ, Inc. All Rights Reserved.
Slide 49: SkyWater Provides the Unique Capabilities Needed to Scale Quantum
SKYWATER PROVIDES THE UNIQUE CAPABILITIES NEEDED TO SCALE QUANTUM • Covers entire lab - to- fab spectrum • High tolerance for customization and complexity • Rapid prototyping • Priority hot - lots possible even at low volume Specialty Foundry • Advanced packaging in - house (200 & 300 mm) • Moderate
Slide 50: Secure, Domestic Manufacturing Is Critical for Quantum Technology
SECURE, DOMESTIC MANUFACTURING IS CRITICAL FOR QUANTUM TECHNOLOGY Together, The World’s Only Trusted, U.S.-Based Quantum Foundry Minnesota advanced TaaS manufacturing and CMOS integration 91,000 sq. ft. cleanroom DMEA Category 1A Trusted Supplier Florida Texas advanced packaging high - volume 200mm
Slide 51: Speed, Innovation, Breadth, Scale
Together, IonQ and SkyWater have already delivered: SPEED >3x acceleration in the 256 - INNOVATION 12x more wafer lots delivered per qubit fab out cycle times 6- month period with SkyWater 1 BREADTH 5 quantum devices SCALE 100+ Learning cycles per being prototyped year expected in parallel 2 These f
Slide 52: Quantum Foundry: Differentiated Offering Ready for Market Now
QUANTUM FOUNDRY: DIFFERENTIATED OFFERING READY FOR MARKET NOW SPEED FLEXIBILITY QUANTUM EXPERTISE Configurable platforms Ready for Quantum now Process modules and packaging can be Capacity for quantum wafer services Know - your - customer tailored within realistic constraints available today Decades
Slide 53: All quantum solutions run through SkyWater
All quantum solutions run through SkyWater + Together, IonQ and SkyWater are building the infrastructure that makes the quantum economy possible Copyright © 2026 IonQ, Inc. All Rights Reserved.
Slide 55: Converging Factors Driving Post-Quantum Migration Readiness
CONVERGING FACTORS DRIVING POST - QUANTUM MIGRATION READINESS First Fully Compiled, End - to- End Blueprint for Breaking 256 - Bit June 2026: Executive orders to prepare for Q - Day Elliptic - Curve Signatures 19,397 EXECUTIVE ORDER 14412 | JUNE 22, 2026 trapped - ion physical qubits Securing the Na
Slide 56: Delivering Quantum-Safe Defense in Depth
DELIVERING QUANTUM - SAFE DEFENSE IN DEPTH QUANTUM SECURITY POSTURE MANAGEMENT CNSA 2.0 AND NIST - ALIGNED MANAGE AND ORCHESTRATE PHYSICS - BASED QUANTUM KEY LIFECYCLE MANAGEMENT QUANTUM - SAFE KEYS DISTRIBUTION PROTECTION IonQ brings these layers together and is continuing to expand the capabilitie
Slide 57: Our Quantum Security Platform Is Impacting the Market Today
OUR QUANTUM SECURITY PLATFORM IS IMPACTING THE MARKET TODAY QKD and PQC protect one of the largest end - to- end nationwide quantum - safe Over 800 - km secured by 27 QKD links, 127 commercial quantum security network supporting financial services and secured connections, and infrastructure agreemen
Slide 58: Quantum Security Strengthened by Quantum Computing Advances
IONQ QUANTUM SECURITY SOLUTIONS MADE STRONGER BY CUTTING EDGE ADVANCEMENTS IN QUANTUM COMPUTING Quantum security Most companies approach this from one side of the problem. We have both: understand risks as they emerge and test product effectiveness Quantum computing Only quantum computing company wi
Slide 59: Integrated Solutions: Distributed Quantum Computing
INTEGRATED SOLUTIONS: DISTRIBUTED QUANTUM COMPUTING Connect the processors. Build the network. Extend beyond fiber. INTERCONNECT EXTEND Two independent commercial Free - space optical links extend quantum connectivity across trapped - ion systems connected ground, air, sea, and space. PROVEN TODAY A
Slide 60: Integrated Solutions: Quantum Processed SAR Data
INTEGRATED SOLUTIONS: QUANTUM PROCESSED SAR DATA Quantum Radar Image Change Detection Increase in false MARINE CORPS AIR STATION MIRAMAR, SAN DIEGO, CA change detection Before SAR image After SAR image Ground truth change Quantum, on QPU | 0.41 Classical, NLCD | 0.16 Classical, Copula | 0.24 The num
Slide 61: Integrated Solutions: Timing, the Foundation of Everything
INTEGRATED SOLUTIONS: TIMING, THE FOUNDATION OF EVERYTHING Time transfer modules Three optical clocks Atomic gravimeter Atomic gyroscope FIRST 1000x NIST FIRST OPTICAL ATOMIC CLOCK BETTER TIMING VALIDATED STRATEGIC-GRADE QUANTUM INERTIAL SENSOR Operated at sea vs. microwave clocks Highest performing
Slide 62: Compute, Sensing, Networking: U.S. Government Programs
The U.S. Government is supporting and deploying the building blocks of the future platform COMPUTE SENSING DARPA It’s About Time: DARPA QBI: 125 quantum clocks Phase B DARPA GRAVMAP DIU CRUISE DIU QuIX NETWORKING SPACE DARPA HARQ: SDA HALO: High - speed multi - modality Tactical satellite quantum in
Slide 64: IonQ Has Expanded into Multiple High-Growth TAMs
IONQ HAS EXPANDED INTO MULTIPLE HIGH - GROWTH TAMs Moving from one product to many products QUANTUM SENSING Majority of other quantum companies are here QUA NTUM CY BE R S E CU R I T Y QUANTUM NETWORKING QUANTUM COMPUTING THIRD PARTY TAM 1 $148B $36B $31B 2040E “Quantum Communications” combined S K
Slide 65: Track Record of Multiple Generations of Quantum Computers Driving Revenue Growth
TRACK RECORD OF MULTIPLE GENERATIONS OF QUANTUM COMPUTERS DRIVING OUR REVENUE GROWTH Copyright © 2026 IonQ, Inc. All Rights Reserved. Guidance to be disclosed later in the presentation
Slide 66: Why We Win
WHY WE WIN… Most powerful qubit systems…. …and the lowest cost-per-qubit Physical Cost Qubit Count per Qubit ~400x 330x+ Reduction in Cost - Per - Qubit Increase in physical qubit count Increasing Physical Qubit Count Aria Forte & Forte Tempo Superion 256 Superion 10K Aria Forte & Forte Tempo Superi
Slide 67: The Most Powerful Combination: IonQ + SkyWater
THE MOST POWERFUL COMBINATION… IONQ + SKYWATER Quantum Foundry CMOS Quantum Quantum & Advanced Semiconductor Hardware Services Technologies 1 Foundry • Quantum • QCaaS • Quantum foundry • U.S. pure - play computers • Applications • Advanced packaging semiconductor • Quantum security foundry • System
Slide 68: SkyWater FY2026 Baseline Revenue Profile
SKYWATER FY2026 BASELINE REVENUE PROFILE – REPRESENTATIVE PRO FORMA REVENUE CONTRIBUTION TO IONQ 608 368 ~318 ~50 240 ~120 ~70 Total SkyWater Less: SkyWater Midpoint of FY2026 Revenue (Jan – Jul) SkyWater Street Consensus 1 and Standalone Close Adjustments (Aug – Dec) 1. FY2026 Street Consensus as p
Slide 69: FY2026 Guidance Ranges
FY2026 GUIDANCE RANGES FY2026 REVENUE: IONQ (FULL YEAR) GUIDANCE $280 - $290 million as of 2Q 2026 earnings, 8/5/2026, re - affirmed 9/8/2026 SKYWATER PARTIAL YEAR FY2026 REVENUE (AUG - DEC 2026) $240 million ELIMINATION OF ESTIMATED IONQ INTERCOMPANY REVENUE TO SKYWATER (AUG - DEC 2026) ($70) milli
Slide 70: We Are Very Bullish on the Future of IonQ
WE ARE VERY BULLISH ON THE FUTURE OF IONQ AND OUR OPPORTUNITY Pace setter for the entire quantum computing industry over 5 years; fastest growth, most amount of revenue Now addressing multiple high-growth quantum TAMs – over $200B Current quantum products carry attractive margins for us today, with
Slide 71: Audience Q&A
Audience Q&A NICCOLO DE MASI CHRIS BALLANCE THOMAS SONDERMAN JORDAN SHAPIRO INDER SINGH CHAIRMAN & CEO PRESIDENT, CEO, SKYWATER PRESIDENT, CFO & COO QUANTUM COMPUTING QUANTUM PLATFORM
Slide 72: Mihir Bhaskar
Mihir Bhaskar SVP & GM, QUANTUM TECHNOLOGIES, SKYWATER
Slide 73: Quantum Interconnects for Off-Chip Scaling and Connectivity
QUANTUM INTERCONNECTS FOR OFF - CHIP SCALING AND CONNECTIVITY September 2025 April 2026 “Quantum memories enable distributed quantum computing with 50x faster speeds…” “We are working on the first devices sufficient for distributed quantum computing…”
Slide 74: Building the Backbone of Quantum Data Centers
BUILDING THE BACKBONE OF QUANTUM DATA CENTERS TRAPPED ION SYSTEM Devices operating with record - breaking 1 kHz 1 1 kHz entanglement rate Fastest published optical entanglement SiV QUANTUM link across ions, atoms, and INTERCONNECT superconducting platforms 4x Faster than previous ion - ion record 2
Slide 75: Semiconductor Platforms Designed to Scale All Quantum Modalities
SEMICONDUCTOR PLATFORMS DESIGNED TO SCALE ALL QUANTUM MODALITIES Atoms, ions, photons, superconductors, spins… there are only two ways to scale a quantum system OPTICS: SP90 PHOTONICS PLATFORM ELECTRONICS: SC250 SUPERCONDUCTING PLATFORM Supporting on - chip light generation, manipulation, High - den
Slide 76: Nexus + SkyWater: Making Optics Scalable for Quantum
NEXUS + SKYWATER: MAKING OPTICS SCALABLE FOR QUANTUM Dr. John Bowers CO - FOUNDER OF NEXUS PHOTONICS CURRENT APPROACH TO THE MARKET SOLUTION ENABLED BY NEXUS Photonics were critical in enabling transceivers and today’s AI / HPC data - center Nexus enables the same integration advance for quantum sys
Slide 77: Dr. John Martinis
Dr. John Martinis 2025 PHYSICS NOBEL LAUREATE / QOLAB CO - FOUNDER & CTO
Slide 78: Alan Ho
Alan Ho CO - FOUNDER AND CEO, QOLAB
Slide 79: Historical Precedent: Semi Industry's IC Revolution
HISTORICAL PRECEDENT: SEMI INDUSTRY’S IC REVOLUTION Processor in 1960s Processor in 1970s
Slide 80: What's Next: Quantum Industry's IC Revolution
WHAT'S NEXT: QUANTUM INDUSTRY'S IC REVOLUTION Google 2019 Qolab’s Vision
Slide 81: A Powerful Midwest Quantum Partnership
A POWERFUL MIDWEST QUANTUM PARTNERSHIP SkyWater’s specialized semiconductor fabrication capabilities Qolab’s design, packaging, and cryogenic testing hub Together, we are establishing a regional Bloomington, Minnesota quantum manufacturing ecosystem. Madison, Wisconsin
Slide 82: Chad Sakac
Chad Sakac SVP, QUANTUM FIELD ENGINEERING
Slide 83: Invent
Oiona invent
Slide 84: Apply
Qiona apply
Slide 85: Iterate
0 IONQ ITERATE = a BOEING 737 ~ re OO Oe a ces Foewoes aa, — —
Slide 86: Scale
Olona scate
Slide 87: We are building the machine that builds the machine
INVENT APPLY ITERATE SCALE We are building the machine that builds the machine
Slide 88: Time to Solution: What Matters to Customers
TIME TO SOLUTION: WHAT MATTERS TO CUSTOMERS World Quantum Day, April 2026
Slide 89: Our Philosophy: Efficiency Over Brute Force
OUR PHILOSOPHY: EFFICIENCY OVER BRUTE FORCE IONQ TRAPPED IONS SUPERCONDUCTING IonQ’s trapped - ion fidelity cuts through the noise, Superconducting systems require millions of finding the accurate answer with exponential brute -force iterations to overcome inherent noise. efficiency.
Slide 90: Industry Leaders for Commercial Impact and Deployability
INDUSTRY LEADERS FOR COMMERCIAL IMPACT & DEPLOYABILITY Orders - of- magnitude improvements across the metrics that matter based on durable foundations UP TO 99.99% Parallel-Gate 10,000x HIGH - FIDELITY 2- QUBIT GATE OPERATIONS Architecture WITH PROPRIETARY ELECTRONIC QUBIT CONTROL Faster time - to-
Slide 91: The Approach Matters for Customers Today and Into the Future
THE APPROACH MATTERS FOR CUSTOMERS TODAY AND INTO THE FUTURE TODAY TOMORROW
Slide 92: Case Studies: Life Sciences & Pharma
CASE STUDIES: LIFE SCIENCES & PHARMA Computational Chemistry Molecular Models & Manufacturing Pattern Detection Active Sites Optimization Pipeline DRUG DISCOVERY & MOLECULAR PROTEIN FOLDING, BINDING SITES SENSITIVE SUPPLY CHAIN fMRI, MEDICAL IMAGING, AEX SIMULATION & REVERSE CODON ENCODING LOGISTICS
Slide 93: 3rd Party Validation of Our Applications
3 RD PARTY VALIDATION OF OUR APPLICATIONS IEEE Quantum 2026: 10 accepted papers and 4 best paper wins out of 27. A 3.7 σ event WHAT AI + Q = better accuracy, Linear Algebra Hybrid Next - Gen Protein Folding DQAOA - GPT. AI making better power efficiency workflows on Tempo - generation HW Quantum bet
Slide 94: Time to Value Matters for Customers Today and Into the Future
TIME TO VALUE MATTERS FOR CUSTOMERS TODAY AND INTO THE FUTURE TODAY TOMORROW
Slide 95: Time to Solutions, Time to Value, Economics to Value
TIME TO SOLUTIONS - > TIME TO VALUE - > ECONOMICS TO VALUE This is a $300M / year compute problem .. and you need throughput = parallelism https:// arxiv.org /pdf/2502.15882 ~days-weeks ~1300-5000 ~ 400M – Billion+ TO RUN LOGICAL QUBITS TOFFOLI GATES
Slide 96: Completing the Stack
'@) IONQ COMPLETING THE STACK
Slide 97: Commercial Adoption Is Accelerating
COMMERCIAL ADOPTION IS ACCELERATING Nearly 60% of market leaders are committing capital & securing IP Financials (%) Communications (%) Health Care (%) Cross-sector average (%) 92 68 60 58 56 64 48 44 64 48 12 37 40 20 4 21 Industrials (%) Energy (%) Materials (%) Overall participation (any of the t
Slide 98: Listening across verticals and theaters
ITERATE: THE TEAM BEHIND OUR MACHINE Listening – across verticals and theaters
Slide 99: Slide 99
Slide 100: Listening: Customers Like Choice
LISTENING: CUSTOMERS LIKE CHOICE CHOICE OF HOW. CHOICE OF WHERE.
Slide 101: Listening: Customers Like to Grow
LISTENING: CUSTOMERS LIKE TO GROW GROWING WITH US OVER GENERATIONS. 2 nd generation Aria and 5 th generation 6 th generation 4 th generation Forte Enterprise Tempo Superion Cloud Access 2023 2025 2025 GROWING WITH US OVER THE PLATFORM. QUANTUM QUANTUM QUANTUM NETWORKING COMPUTING MEMORY 2024 2025 20
Slide 102: We are building the machine that builds the machine
INVENT APPLY ITERATE SCALE We are building the machine that builds the machine
Slide 103: Research to Reality
Research to Reality A CONVERSATION ON REAL - WORLD ENTERPRISE APPLICATIONS NICCOLO DE MASI ROBERT LONG MATT RABINOWITZ JOHN LICATA IONQ CHAIRMAN & CEO EPB MEDICI THERAPEUTICS, SERVICENOW MYOME, & NATERA GENETICS
Slide 104: Senator Alessio Butti
Senator Alessio Butti UNDERSECRETARY OF STATE FOR INNOVATION, ITALIAN REPUBLIC
Slide 105: Mission Critical Applications for the Federal Sector
Mission Critical Applications for the Federal Sector NICCOLO DE MASI GENERAL JAY RAYMOND ROBERT CARDILLO RICK MULLER CHAIRMAN & CEO FORMER CHIEF OF SPACE EXECUTIVE CHAIRMAN, SVP & CHIEF SCIENTIST, OPERATIONS FOR THE IONQ FEDERAL IONQ FEDERAL U.S. SPACE FORCE
Slide 106: Niccolo de Masi
Niccolo de Masi CHAIRMAN & CEO
Slide 107: IonQ
QO ione

IonQ — Investor Day (September 2026) on 6ix

Ionq — Investor Day (September 2026)

Slide 1: Investor Day 2026

Slide 2: Important Information

Slide 3: Leadership presentations and real-world applications

Slide 4: Niccolo de Masi

Slide 5: Evolution: Quantum Pioneer

Slide 6: Our Full Stack Quantum Platform

Slide 7: Q2 2026 Revenue Exceeds the Rest of the Pure-Play Industry

Slide 8: Continuing to Execute on Our Milestones

Slide 9: Two Forces Closing in on Today's Encryption

Slide 10: Quantum-safe defense in depth

Slide 11: Global Compute Footprint

Slide 12: Full Compute Stack Applications

Slide 13: The full-stack compute platform

Slide 14: Our Full Stack Approach Unlocks Vast Application Space

Slide 15: Healthcare Applications

Slide 16: Compute Hardened Security

Slide 17: Copyright © 2026 IonQ, Inc. All Rights Reserved.

Slide 18: Chris Ballance

Slide 19: Commercialization Momentum

Slide 20: Platform Scale and Customer Metrics

Slide 21: Scaling the Summit to Fault Tolerance

Slide 22: Copyright © 2026 IonQ, Inc. All Rights Reserved.

Slide 23: Scaling the Summit: Radically Simplify

Slide 24: Radical Simplification: Electronic Qubit Control (EQC)

Slide 25: Radical Simplification: Electronic Qubit Control (EQC)

Slide 26: Let's Talk Cross Talk

Slide 27: Let's Talk Cross Talk

Slide 28: Bringing Superion to Life

Slide 29: Bringing Superion to Life: Unit Cell Array

Slide 30: Bringing Superion to Life: 256Q Chip

Slide 31: Bringing Superion to Life: 256Q Wafer

Slide 32: Bringing Superion to Life: 256Q QPU

Slide 33: Superion Prototype System

Slide 34: The Path to Deploying IonQ Superion 256

Slide 35: Scaling the Summit: Vertically Integrate

Slide 36: Vertical Integration = Rapid Iteration

Slide 37: Vertical Integration = Rapid Iteration

Slide 38: Scaling the Summit: Demonstrate Scale

Slide 39: Superion Is the Foundation

Slide 40: Engineering to 200K and Beyond: 10,000 Qubits

Slide 41: Engineering to 200K and Beyond: 20,000 Qubits

Slide 42: Engineering to 200K and Beyond: 200,000 Qubits

Slide 43: Simple, Scalable, and Mass Manufacturable

Slide 44: Full-Stack Compute Platform

Slide 45: Setting the Benchmark for Quantum Computing

Slide 46: Thomas Sonderman

Slide 47: From Lab to Fab

Slide 48: Quantum Innovation Requires Specialized Technology as a Service

Slide 49: SkyWater Provides the Unique Capabilities Needed to Scale Quantum

Slide 50: Secure, Domestic Manufacturing Is Critical for Quantum Technology

Slide 51: Speed, Innovation, Breadth, Scale

Slide 52: Quantum Foundry: Differentiated Offering Ready for Market Now

Slide 53: All quantum solutions run through SkyWater

Slide 54: Jordan Shapiro

Slide 55: Converging Factors Driving Post-Quantum Migration Readiness

Slide 56: Delivering Quantum-Safe Defense in Depth

Slide 57: Our Quantum Security Platform Is Impacting the Market Today

Slide 58: Quantum Security Strengthened by Quantum Computing Advances

Slide 59: Integrated Solutions: Distributed Quantum Computing

Slide 60: Integrated Solutions: Quantum Processed SAR Data

Slide 61: Integrated Solutions: Timing, the Foundation of Everything

Slide 62: Compute, Sensing, Networking: U.S. Government Programs

Slide 63: Inder Singh

Slide 64: IonQ Has Expanded into Multiple High-Growth TAMs

Slide 65: Track Record of Multiple Generations of Quantum Computers Driving Revenue Growth

Slide 66: Why We Win

Slide 67: The Most Powerful Combination: IonQ + SkyWater

Slide 68: SkyWater FY2026 Baseline Revenue Profile

Slide 69: FY2026 Guidance Ranges

Slide 70: We Are Very Bullish on the Future of IonQ

Slide 71: Audience Q&A

Slide 72: Mihir Bhaskar

Slide 73: Quantum Interconnects for Off-Chip Scaling and Connectivity

Slide 74: Building the Backbone of Quantum Data Centers

Slide 75: Semiconductor Platforms Designed to Scale All Quantum Modalities

Slide 76: Nexus + SkyWater: Making Optics Scalable for Quantum

Slide 77: Dr. John Martinis

Slide 78: Alan Ho

Slide 79: Historical Precedent: Semi Industry's IC Revolution