IonQ Pursues $1.8 Billion Acquisition of SkyWater Technology, Inc.

IonQ, Inc. is pursuing a $1.8 billion acquisition of SkyWater Technology, Inc. to vertically integrate semiconductor manufacturing and accelerate hardware development timelines. The move comes as the quantum computing company experiences significant commercial momentum, despite a stock price decline of over 20% in the past month.

Financial results for the first quarter of 2026 show IonQ reported revenue of $64.67 million, a 755% year-over-year increase. The company's remaining performance obligation grew by more than 550% to $470 million. Due to a record backlog, management raised full-year revenue guidance to a range between $260 million and $270 million, up from the previous estimate of $225 million to $245 million.

Analysts expect more than 60% upside for the company based on these growth metrics. IonQ is scheduled to release its fiscal Q2 2026 earnings on August 5, with projected revenue of approximately $66.5 million.