IonQ Acquires SkyWater Technology to Strengthen Supply Chain and Position for Growth
IonQ recently completed the acquisition of SkyWater Technology, a U.S.-based semiconductor foundry recognized by the Department of Defense. This move allows IonQ full control over its supply chain, reducing reliance on external suppliers. The company reported strong financial performance in Q1 2026 with $64.7 million in revenue and raised its annual guidance to between $260 million and $270 million. Despite these positives, IonQ is burning cash, reporting negative operating cash flow of $151 million for the quarter and projecting a full-year adjusted EBITDA loss of $310–$330 million. Analysts have mixed forecasts with price targets ranging from $48.50 to $100 per share over the next 12 months, averaging at $69.31 — suggesting potential for significant upside but also volatility. IonQ's valuation is high compared to its peers and traditional tech stocks like Palantir Technologies, though it remains relatively more affordable than D-Wave or Rigetti Computing.
Tickers: $IONQ
Topics: quantum computing regulatory approval semiconductor foundry