Ionq, Inc. · NYSE:IONQ

Ionq — Q3 2024 Earnings Presentation

34 slides from Ionq's earnings presentation, Nov 6, 2024

Slide 2: Cautionary Notes
Cautionary Notes This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forwa
Slide 3: Our Goal: Build the World's Best Quantum Computers
Our Goal: Build the World’s Best Quantum Computers to Solve the World’s Most Complex and Impactful Problems. 3 IonQ Investor Updates © 2024 IONQ
Slide 4: The Quantum Revolution is Here, with IonQ Leading the Pack
The Quantum Revolution is Here, with IonQ Leading the Pack $65B $383M TAM By 2030 2 Cash Balance 3 Met 2024 Technical Large & Growing Capitalized to Premier Partners Scaling Goal Market Opportunity Execute & Deliver & Customers 12 Months Early 36 #AQ Q# QDK PENNYLANE Algorithmic Qubits on Exceedingl
Slide 5: Led by Distinguished Industry Veterans
Led by Distinguished Industry Veterans Peter Chapman Thomas Kramer Rima Alameddine President & CEO Chief Financial Officer Chief Revenue Officer Margaret Arakawa Stacey Giamalis Tom Jones Chief Marketing Officer Chief Legal Officer Chief People Officer Ariel Braunstein Dean Kassmann David Mehuys SVP
Slide 7: Quantum Computers will unlock commercial applications beyond classical computers
Quantum Computers will Optimal Routing Complex Financial Modeling Chemical Modeling unlock commercial Behavioral Inference Manufacturing Optimization Load Optimization applications beyond the limits of classical Artificial Intelligence In-silico Drug Discovery Complex Logistics computers. Efficient
Slide 8: Quantum Computing Expected to Create Up to $850B in Economic Value by 2040
Quantum Computing Expected to Create Up to $850B in Economic Value by 2040 Represents $170B market for hardware and software providers by 2040 Machine Learning Optimization Simulation Cryptography Pharma: Drug Discovery Automotive: AV AI Algorithms Logistics: Network Optimization $40B-$80B $1B-$10B
Slide 10: IonQ's Trapped Ion Architecture is the Winning Qubit Modality
IonQ’s Trapped Ion Architecture is the Winning Actual Photo of 64 Barium Ion Chain IonQ Barium R&D System Qubit Modality Q2 2024 ~100x Zoom • Identical and naturally quantum • Long coherence and qubit lifetime • 99.9% 2QG native fidelity • Universal gates • Reconfigurable and highly connected • Modu
Slide 11: Industry Leading Commercial Product Portfolio
Industry Leading Commercial Product Portfolio Selling Planned Harmony Aria Forte Forte Enterprise Tempo Future Systems A Pioneering Widely Accessible, Commercially Available, Hybrid Enabled, Commercial Broad Commercial Quantum Computer High Performance Higher Performing Data Center-Ready Advantage C
Slide 12: Consistently Ahead of Technology Roadmap
Consistently Ahead of Technology Roadmap IonQ delivered Forte’s #AQ35 a full 12 months early, and #AQ36 mere weeks later 1200 3 1024 1000 800 Algorithmic Qubits1 600 Achieved Achieved Achieved 2 months early 7 months early 12 months early 3 384 400 2 256 200 35 64 25 29 0 2022 2023 2024 2025E 2026E
Slide 13: IonQ Forte Achieves 36 Algorithmic Qubits (#AQ)
IonQ Forte Achieves 36 Algorithmic Qubits (#AQ) IonQ already exceeds 2024 Technical Milestone One Year Ahead of Schedule Best – Result is indistinguishable #AQ 36 from ideal #AQ 25 Circuit Width Circuit Width Circuit Width Circuit Width Worst – Result is IonQ Forte IonQ Aria indistinguishable from n
Slide 14: Commercial Advantage Pillars
Commercial Advantage Pillars Performance Scale Enterprise-Grade High Qubit Quality High Connectivity Deployability & Availability • Naturally Identical • Compiler Optimization • Durability • Excellent Prep and Readout • Low Resource Overhead • Data Center Form Factor • Long Coherence Time • All-to-A
Slide 15: Performance: Practical Time to Solution
Performance: Practical Time to Solution IonQ’s multi-core architecture produces a faster compute time to solution than competing trapped ion architectures IonQ’s Trapped Ion Multi-Core Architecture Competing Trapped Ion Architecture Fidelity Limit Fidelity Limit Low High Low High Speed to Solution S
Slide 16: Performance: High Native Gate Fidelity
Performance: High Native Gate Fidelity Native Qubit Gate Fidelity (DRB) Logical Qubit Gate Fidelity 100.0% 99.999% 99.9999% 99.5% >99.9% >99.95% 99.9% 99.6% 99.0% 2QG Fidelity 99.3% 99.0% 98.5% 98.0% 97.7% 97.5% 2020 2021 2022 2023 2024 2025 2026+ Expected Expected Expected 16 IonQ Investor Updates
Slide 17: Performance: Architecture Advantage in Connectivity and Flexibility
Performance: Architecture Advantage in Connectivity and Flexibility IonQ Advantage Superconducting Competitors • All-to-all connectivity • Nearest-neighbor connectivity • Two qubit gates fidelity • Multiple swap gates required 17 IonQ Investor Updates © 2024 IONQ
Slide 18: Performance: IonQ's Exceedingly Low Error Correction Overhead
Performance: IonQ’s Exceedingly Low Error Correction Overhead Other Approaches NEW: Partial Error Correction Error Correction Error Correction 3:11 16:1 2 1000:1 - 1,000,000:13 Partial Error Correction Advantages: • Significantly lower qubit overhead ratio • More scalable than error mitigation techn
Slide 19: Scale: Path to a Scalable, Modular Architecture
Scale: Path to a Scalable, Modular Architecture Stage 3: 1000+ Qubits • Multi-Core Technology • Photonic Interconnect • Quantum Network Stage 2: 400 Qubits • Multi-Core Technology • Photonic Interconnect Stage 1: 200 Qubits • Multi-Core Technology 19 IonQ Investor Updates © 2024 IONQ
Slide 20: Scale: Miniaturized Vacuum Packages for Increased Scale
Scale: Miniaturized Vacuum Packages for Increased Scale Developing compact room temperature trap packages enables more modularity for scaling next generation systems • Approaching a vacuum similar to the pressure achieved at CERN, without cryostats • Reducing size, weight, and power consumption of s
Slide 21: Enterprise Grade: Expanding Footprint
Enterprise Grade: Expanding Footprint Only known dedicated Quantum Computing manufacturing facility focused on system manufacturing at scale College Park, MD IonQ Headquarters 2015 Basel, Switzerland Started Partnership June 2023 Toronto, Canada Acquired Entangled Networks Dec 2022 Seattle, WA, Open
Slide 22: Enterprise Grade: Deployable for Modern Data Centers
Enterprise Grade: Deployable for Modern Data Centers Delivering a customer-ready fully packaged quantum computing solution IonQ Forte Hosted in College Park Deployable Rack-mounted, data center friendly “plug and play” quantum computers Interoperable Seamless integrations with hybrid compute, cross-
Slide 23: Enterprise Grade: Applications for Commercial Advantage
Enterprise Grade: Applications for Commercial Advantage Optimization Optimization Machine Learning Machine Learning Optimization Top-Tier Financial Institution Critical U.S. Infrastructure Image Recognition for Investment Portfolio Cargo Loading Predictive Maintenance Improvements Autonomous Driving
Slide 24: Quantum Enabled Portfolio Optimization
Quantum Enabled Portfolio Optimization Enabling portfolio creation of more accurate predictive models using fewer iterations Target Distribution Classical Computer IonQ Quantum Computer IonQ Quantum Computer Generative Adversarial Network Generative Adversarial Network Circuit Born Machine Outliers
Slide 26: IonQ Signs Definitive Agreement to Acquire the Operating Assets of Qubitekk
IonQ Signs Definitive Agreement to Acquire the Operating Assets of Qubitekk Transaction will significantly expand IonQ’s quantum networking capabilities bringing Qubitekk’s commercial operations, customer base, executive team and employees to IonQ. Acquisition includes 118 granted quantum networking
Slide 27: IonQ Announces a Collaboration with AstraZeneca
IonQ Announces a Collaboration with AstraZeneca IonQ to create a new quantum application development center in collaboration with AstraZeneca. IonQ will be leveraging the power of our quantum experts and Astra-Zeneca’s world-class scientists to develop applications in their innovation BioVentureHub
Slide 28: IonQ Announces a Partnership with Ansys
IonQ Announces a Partnership with Ansys The partnership is aimed at making simulation accessible to both quantum experts and non-experts by allowing seamless integration between Ansys software and IonQ computers. 28 IonQ Investor Updates © 2024 IONQ
Slide 29: IonQ Announces Largest Known 2024 U.S. Quantum Contract Award of $54.5M
IonQ Announces Largest Known 2024 U.S. Quantum Contract Award of $54.5M IonQ was selected by the United States Air Force Research Lab (AFRL) to design, develop, and deliver technology and hardware that enables the scaling and networking of quantum systems. 29 IonQ Investor Updates © 2024 IONQ
Slide 30: IonQ and the University of Maryland Sign $9M Partnership
IonQ and the University of Maryland Sign $9M Partnership To Drive Quantum Innovation IonQ announced an agreement to expand their partnership to provide state-of-the-art quantum computing access at the National Quantum Lab at Maryland (QLab). 30 IonQ Investor Updates © 2024 IONQ
Slide 31: IonQ Demonstrates Remote Ion-Ion Entanglement
IonQ Demonstrates Remote Ion-Ion Entanglement IonQ announced it has achieved the next milestone on the path towards scaling its quantum systems. MANY-TO-ONE Many Node Milestone 4 Communication Programmatic and Computation Entanglement (Multi-QPU) Two Node Milestone 3 Entanglement Connected QPUs POIN
Slide 32: IonQ Announces Partnership with NKT Photonics
IonQ Announces Partnership with NKT Photonics The partnership includes NKT Photonics developing and delivering three prototype optical subsystems to IonQ in 2025, designed to support the commercialization of IonQ’s data center-ready quantum computers – such as IonQ Tempo and future barium-based syst
Slide 33: IonQ Announces Partnership with imec
IonQ Announces Partnership with imec The partnership includes imec developing photonic integrated circuits and chip-scale ion trap technology. With these ground- breaking technologies, IonQ aims to reduce overall hardware system size and cost, increase qubit count, and improve system performance and

IonQ — Q3 2024 Earnings Presentation on 6ix

Ionq — Q3 2024 Earnings Presentation

Slide 1: IonQ Investor Updates

Slide 2: Cautionary Notes

Slide 3: Our Goal: Build the World's Best Quantum Computers

Slide 4: The Quantum Revolution is Here, with IonQ Leading the Pack

Slide 5: Led by Distinguished Industry Veterans

Slide 6: The Quantum Revolution is Here

Slide 7: Quantum Computers will unlock commercial applications beyond classical computers

Slide 8: Quantum Computing Expected to Create Up to $850B in Economic Value by 2040

Slide 9: IonQ's Winning Qubit Modality

Slide 10: IonQ's Trapped Ion Architecture is the Winning Qubit Modality

Slide 11: Industry Leading Commercial Product Portfolio

Slide 12: Consistently Ahead of Technology Roadmap

Slide 13: IonQ Forte Achieves 36 Algorithmic Qubits (#AQ)

Slide 14: Commercial Advantage Pillars

Slide 15: Performance: Practical Time to Solution

Slide 16: Performance: High Native Gate Fidelity

Slide 17: Performance: Architecture Advantage in Connectivity and Flexibility

Slide 18: Performance: IonQ's Exceedingly Low Error Correction Overhead

Slide 19: Scale: Path to a Scalable, Modular Architecture

Slide 20: Scale: Miniaturized Vacuum Packages for Increased Scale

Slide 21: Enterprise Grade: Expanding Footprint

Slide 22: Enterprise Grade: Deployable for Modern Data Centers

Slide 23: Enterprise Grade: Applications for Commercial Advantage

Slide 24: Quantum Enabled Portfolio Optimization

Slide 25: Recent Announcements

Slide 26: IonQ Signs Definitive Agreement to Acquire the Operating Assets of Qubitekk

Slide 27: IonQ Announces a Collaboration with AstraZeneca

Slide 28: IonQ Announces a Partnership with Ansys

Slide 29: IonQ Announces Largest Known 2024 U.S. Quantum Contract Award of $54.5M

Slide 30: IonQ and the University of Maryland Sign $9M Partnership

Slide 31: IonQ Demonstrates Remote Ion-Ion Entanglement

Slide 32: IonQ Announces Partnership with NKT Photonics

Slide 33: IonQ Announces Partnership with imec

Slide 34: IonQ Investor Updates © 2024 IONQ