Slide 1: IonQ Investor Updates
IonQ Investor Updates May 2025 IonQ Investor Updates © 2025 IONQ
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: To Lead the Quantum Revolution
Our Goal: To Lead the Quantum Revolution Technologically & Commercially 3 IonQ Investor Updates © 2025 IONQ
Slide 4: IonQ Leads the Pack in Technology & Science
IonQ Leads the Pack in Technology & Science 1,000,000s Q# QDK 64 #AQ of qubits PENNYLANE Path to Millions of Qubits 100 qubit system Exceedingly Low Error Every Major Unlocked by Lightsynq1 upcoming Correction Overhead Quantum Language & SDK Supported Quantum Computing & Trapped Ion Architecture Wor
Slide 5: IonQ Leads the Pack in Commercialization
IonQ Leads the Pack in Commercialization $87B $697M TAMS By 2035 1 Cash Balance 2 Premier Partners Large & Growing Only Quantum Hardware Capitalized to & Customers Market Opportunity Available on All Major Execute & Deliver Clouds 950+ $75-$95M Patent portfolio 3 Expected FY25 Revenue 20+ Years of T
Slide 6: Led by Distinguished Industry Veterans
Led by Distinguished Industry Veterans Niccolo de Masi Peter Chapman Thomas Kramer President & CEO Executive Chair Chief Financial Officer Jordan Shapiro Margaret Arakawa Rima Alameddine President & GM, Networking Chief Marketing Officer Chief Revenue Officer Stacey Giamalis Tom Jones Ariel Braunste
Slide 7: The Quantum Revolution is Here
The Quantum Revolution is Here 7 IonQ Investor Updates © 2025 IONQ
Slide 8: Quantum Computing & Networking Expected to Create Up to $880B in Economic Value by 2040
Quantum Computing & Networking Expected to Create Up to $880B in Economic Value by 2040 Machine Learning Optimization Simulation Cryptography Communication Pharma: Drug Discovery Automotive: AV AI Algorithms Logistics: Network Optimization $40B-$80B $1B-$10B $50B-$100B Government: Encryption, Aerosp
Slide 9: Large & Growing Intellectual Property Portfolio
Large & Growing Intellectual Property Portfolio IonQ will soon control over 950 patents across quantum compute & quantum networking1 Granted 176 229 116 10 Pending 341 69 2 18 Total 9611 1. Includes owned or controlled patents granted and pending as of May 2025, including those from IDQ (in which Io
Slide 10: IonQ Leads the Quantum Industry
IonQ Leads the Quantum Industry 10 IonQ Investor Updates © 2025 IONQ
Slide 11: Our Winning Architecture
Our Winning Architecture Actual Photo of 64 Barium Ion Chain IonQ Barium R&D System Q2 2024 ~100x Zoom • Identical and naturally quantum • Long coherence and qubit lifetime • 99.9% 2QG native fidelity • Universal gates • Reconfigurable and highly connected • Modular and scalable system design • Capa
Slide 12: Accelerating GAAP Revenue
Accelerating GAAP Revenue IonQ has been approximately doubling GAAP Revenue YoY since joining NYSE $95.0M $75.0M $43.1M $22.0M $11.1M $1.6M 2021A 2022A 2023A 2024A 2025E YoY Growth % n/a 594% 98% 96% 97% 1. CAGR represented based on 2025 midpoint revenue guidance range at $85.0 million 12 IonQ Inves
Slide 13: 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 14: IonQ Systems Optimize for Application Performance
IonQ Systems Optimize for Application Performance IonQ outperforms peers Heron r2 (Fez) Note: QED-C latest data available. IBM data adapted from Application-Oriented Performance Benchmarks for Quantum Computing (2022) and 3rd party testing. Rigetti data taken using Braket between February 18th and 2
Slide 15: IonQ's Path to Commercial Advantage
IonQ’s Path to Commercial Advantage 15 IonQ Investor Updates © 2025 IONQ
Slide 16: Performance: Ion Trap Architecture
Performance: Ion Trap Architecture Ion Trap Superconducting IonQ Advantage • All-to-all connectivity1 • Two qubit gate fidelity Fidelity ▲ 99.9%+ ▼ Varies ▼ Nearest neighbor (requires Connectivity ▲ All-to-all1 more 2Q Gate operations, reducing capacity) ▲ 3:1 partial error correction3 Error Correct
Slide 17: Performance: Lowest Error Correction Overhead
Performance: Lowest Error Correction Overhead Other Approaches Partial Error Correction Error Correction Error Correction 3:11 13:1 2 1000:1 - 1,000,000:13 Partial Error Correction Advantages: • Significantly lower qubit overhead ratio • More scalable than error mitigation techniques • Increasing fi
Slide 18: Scale: Scalable Modular Architecture
Scale: Scalable Modular Architecture Stage 3: 1,000,000s Qubits • Multi-Core Technology Miniaturized Vacuum Packages • Photonic Interconnect • Quantum Network Photonically Interconnected Systems Stage 2: 1,000s Qubits • Multi-Core Technology • Photonic Interconnect Developing compact, room temperatu
Slide 19: Scale: Photonic Interconnect Acceleration
Scale: Photonic Interconnect Acceleration1 Accelerate IonQ’s commercial systems to 1,000s, 10,000s, and eventually millions of qubits Mihir Bhaskar, Bart David PhD Machielse, PhD Levonian, PhD Co-Founder Co-Founder Co-Founder 1,000s of • Immediate contribution toward our technical milestones via qub
Slide 20: Leading Enterprise Grade Ecosystem
Leading Enterprise Grade Ecosystem 20 IonQ Investor Updates © 2025 IONQ
Slide 21: Expanding Footprint
Expanding Footprint Embracing the world’s greatest quantum talent at IonQ Boston, MA, USA Toronto, Canada Pending acquisition of Lightsynq Acquired Entangled Networks in signed in May 2025 Jan 2023 Chattanooga, TN, USA Washington DC, USA Acquired Qubitekk in Dec 2024 Pending acquisition of Capella s
Slide 22: Growing Our APAC Ecosystem
Growing Our APAC Ecosystem Signed Memorandum of Understanding (MOUs) across Japan & South Korea 22 IonQ Investor Updates © 2025 IONQ
Slide 23: Applications for Commercial Advantage
Applications for Commercial Advantage Optimization Drug Discovery Simulation Data Analysis Optimization Example: Example: Example: Example: Example: Energy Grid Distribution Pharma Drug Engineering Fraud & Anomaly Detection Supply Chain Improvements Discovery Modelling Simulation Modelling in Large
Slide 24: Why Quantum Matters to AI
Why Quantum Matters to AI Potential Energy Savings LLM Fine-Tuning Data / Network Security • Accelerate linear algebra using • Augment pre-trained foundational • Secure network communication QPUs, augmenting HPC resources AI models with quantum safe encryption • Replace classical kernels with • Repu
Slide 25: Quantum Scales Over Classical
Quantum Scales Over Classical Compared to pure classical, quantum hybrid expected to scale far more efficiently Estimated Energy Consumption More Data-Efficient Fine-Tuning Comparison Classical Benchmark Quantum Peak Quantum Samples 25 IonQ Investor Updates © 2025 IONQ
Slide 26: Quantum Economy: $22 Million Deal with EPB
Quantum Economy: $22 Million Deal with EPB • Develop a quantum-ready workforce through specialized training • Local IonQ Forte Enterprise system to be shared by both companies 26 IonQ Investor Updates © 2025 IONQ
Slide 27: Quantum Networking and the Quantum Internet
Quantum Networking and the Quantum Internet 27 IonQ Investor Updates © 2025 IONQ
Slide 28: Value Proposition of Quantum Internet
Value Proposition of Quantum Internet Quantum Internet is at intersection of best-in-class security & computation capabilities SECURITY SECURE COMPUTE COMPUTE Ultra-Secure Communications: Ultra-Secure Computation: Networked Compute: Entanglement Distribution & QKD Blind Quantum Computing Modular, Sc
Slide 29: IDQ's Data Center Ready Product Suite
IDQ’s Data Center Ready Product Suite QKD Quantum Sensing QRNG Clavis XG ID Qube ULN Random Number Generation Ultra-secure, turn-key solutions High-performance multi-channel Multiple form-factor local generation capable of operating across numerous solutions including best-in-class of entropy provid
Slide 30: Qubitekk's Quantum Key Distribution (QKD)
Qubitekk’s Quantum Key Distribution (QKD) The Bohr IV quantum network includes: • Entangled photon sources • Superconducting nanowire detectors • Quantum-compatible fiber optic switches • Precision correlated timing hardware EPB Quantum Network℠ powered by Qubitekk A Commercially Available Quantum N
Slide 31: Global Quantum Internet Capability
Global Quantum Internet Capability • Establishes IonQ as vertically integrated orbital sensor network deployment leader • Path to unlock rapidly growing secure communications market via QKD & free- space optical quantum transmission • Direct access to top-secret contracting expertise; IonQ gains a F
Slide 32: Quantum Memory-Enhanced Quantum Repeaters
Quantum Memory-Enhanced Quantum Repeaters Quantum repeater capable of vastly extending the range of quantum networks • Over 35 km of deployed fiber with a path to hundreds of kilometers between repeaters • Over 1 second storage time • Repeaters are a key component of the Quantum Internet future 1 km
Slide 33: IonQ Investor Updates © 2025 IONQ
IonQ Investor Updates © 2025 IONQ