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Copyright © 2025 IonQ, Inc. All Rights Reserved. IonQ Investor Updates August 2025
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Copyright © 2025 IonQ, Inc. All Rights Reserved. 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 forward-looking terms. Statements that are not historical in nature, including the terms “accelerating,” “access,” “accessible,” “anticipate,” “available,” “believe,” “can,” “capable,” “deliver,” “designed to,” “deployable,” “enabling,” “estimate,” “expect,” “expected,” “future,” “goal,” “growth,” “increased scale,” “intend,” “impact,” “latest,” “leader,” “leading,” “may,” “pending,” “planned,” “scale,” “target,” “will,” “winning,” “potential,” and other similar expressions are intended to identify forward-looking statements. These statements include those related to the company’s expansion in the quantum computing, security, and networking market segments; the company’s technology driving commercial advantage or delivering scalable, fault-tolerant quantum computing in the future; the ability for third parties to implement IonQ’s offerings in their data centers and to reduce their compute costs; the energy efficiency and sustainability of the IonQ’s offerings; the efficacy of new applications of quantum computing; the relevance and utility of quantum algorithms and applications run on IonQ’s quantum computers; the size of quantum computing, security, and networking market segments in the future; IonQ’s quantum computing, security, and networking capabilities and plans; future deliveries of and access to IonQ’s quantum services, computers, and networking devices; access to IonQ’s quantum computers including hybrid-enabled functionality; increases in algorithmic qubit achievement; future purchases of IonQ’s offerings by customers using congressionally-appropriated funds from the U.S. government; IonQ closing anticipated acquisitions; the success of partnerships and collaborations between IonQ and other parties, including development and commercialization of products and services with such parties; and the scalability, reliability, performance, modularity, commercial-readiness, and architectural advantages of IonQ’s offerings. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this presentation, including but not limited to: changes in the competitive industries in which IonQ operates, including development of competing technologies; any inadequacies in the overall pace of technology development in the quantum industry, including inadequate advances in the state of quantum networking and quantum systems; IonQ’s relatively limited history in developing quantum networks; the capability of our quantum systems and quantum networks to provide transformative applications and commercial quantum advantage; changes in laws and regulations affecting IonQ’s business; IonQ’s ability to enter new markets and exploit new technologies; IonQ’s ability to implement its business plans, forecasts and other expectations, identify and realize partnerships and opportunities, and to engage new and existing customers; changes in U.S. government spending or policy that may affect IonQ’s customers; changes to U.S. government goals and metrics of success with regard to implementation of quantum computing; risks associated with U.S. government sales, including availability of funding and provisions that allow the government to unilaterally terminate or modify contracts for convenience; satisfaction of conditions to close acquisitions by IonQ and counterparties; IonQ’s inability to effectively integrate its acquisitions; IonQ’s ability to attract and retain key personnel, including Lightsynq personnel joining IonQ; IonQ's ability to utilize the technology of acquired companies to accelerate the development and scale of IonQ’s systems and offerings; and IonQ’s ability to work effectively with collaborators in existing or planned partnerships, including the effectiveness of integration of IonQ’s technology with collaborators’ technology. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Company’s filings, including but not limited to those described in the “Risk Factors” section of IonQ's filings with the U.S. Securities and Exchange Commission, including but not limited to the Company's most recent Annual Report on Form 10-K and reports on Form 10-Q. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations. IonQ may or may not choose to practice or otherwise use the inventions described in the issued patents in the future. Cautionary Notes IonQ Investor Updates 2
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Copyright © 2025 IonQ, Inc. All Rights Reserved. Market Opportunity01 Leading the Quantum Industry 02 Technology Path to Commercial Advantage 03 Table of Contents Enterprise-Grade Applications & Ecosystem 04 Building the Quantum Internet 05 3 IonQ Investor Updates
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Copyright © 2025 IonQ, Inc. All Rights Reserved. Our Goal: To Lead the Quantum Revolution Technologically and Commercially 4 IonQ Investor Updates
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Copyright © 2025 IonQ, Inc. All Rights Reserved. Market Opportunity 01 5 IonQ Investor Updates
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. Quantum Computing and Networking Expected to Create Up to $880B in Economic Value by 2040 Machine Learning Optimization Simulation Cryptography Security, Networks, and Services $24B-$36B Communication Sources: BCG, The Long-Term Forecast for Quantum Computing Still Looks Bright, June 2024, McKinsey, Quantum Technology Monitor, April 2024 Note: Value creation market sizes estimated at technology maturity Automotive: AV AI Algorithms $1B-$10B Finance: AML and Anti-fraud $20B-$30B Tech: Search/Ads Optimization $50B-$100B Other Use Cases $25B-$110B Logistics: Network Optimization $50B-$100B Insurance: Risk Management $10B-$20B Finance: Portfolio Optimization $20B-$50B Aerospace: Route Optimization $20B-$50B Pharma: Drug Discovery $40B-$80B Aerospace: CFD $10B-$20B Chemistry: Catalyst Design $20B-$50B Energy: Solar Conversion $10B-$30B Other Use Cases $75B-$115B Quantum machine learning applications to impact most, if not all, industries Finance: Market Simulation $20B-$35B Government: Encryption, Decryption (Cyber Security) $20B-$40B Corporate: Encryption (Cyber Security) $20B-$40B 6
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. The LEADER in Quantum Computing and Quantum Networking Rapidly Expanding Global Footprint across 5 Countries Built for Today’s Modern Data Centers Roadmap: 2M Qubits/ 80K Logical Qubits by 2030 Trapped Ion Architecture with High Fidelity and Connectivity Exceedingly Low 13:1 Error Correction Overhead Every Major Cloud and SDK Supported 100-Qubit System in 2025 IonQ Leads the Pack in Quantum Technology 7
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. IonQ Leads the Pack in Commercialization 1. McKinsey Quantum Technology Monitor, Quantum computing and Quantum communication markets, April 2024 2. Cash, cash equivalents and investments were $697.1M as of March 31, 2025 3. Includes owned or controlled patents granted and pending as of May 2025, including those from IDQ (in which IonQ owns a majority stake), Lightsynq Technologies, and Oxford Ionics (which IonQ intends to acquire pending closure pursuant to terms signed in June 2025) $87B TAMs By 20351 Large and Growing Market Opportunity $1.6B Cash, Cash Equivalents, and Investments Balance2 Capitalized to Execute and Deliver Only Quantum Hardware Available on All Major Clouds $82M-$100M Expected FY25 Revenue Exceptional Track Record of Revenue Growth 8 Thriving Global Quantum Hubs 1,000+ Patent Portfolio3 20+ Years of Technology Development Hundreds of Premier Global Partners & Customers Exceptional Quantum Application Portfolio
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Copyright © 2025 IonQ, Inc. All Rights Reserved.IonQ Investor Updates 9 Vista, CA, USA Acquired Qubitekk in Dec 2024 Toronto, Canada Acquired Entangled Networks in Jan 2023 Seattle, WA, USA Opened manufacturing facility in June 2023 Washington DC, USA Acquired Capella in July 2025 Basel, Switzerland Quantum data center through partnership with QuantumBasel in July 2023 Seoul, South Korea Acquired majority stake of ID Quantique in April 2025 Geneva, Switzerland Acquired majority stake of ID Quantique in April 2025 San Francisco, CA, USA Acquired Capella in July 2025 Louisville, CO, USA Acquired Capella in July 2025 Boston, MA, USA Acquired Lightsynq in May 2025 College Park, MD, USA IonQ Headquarters since 2015 Chattanooga, TN, USA Acquired Qubitekk in Dec 2024 Expanding Global Footprint The world’s greatest quantum talent works at IonQ Oxford, England Pending acquisition of Oxford Ionics signed in June 2025
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. Led by Distinguished Industry Veterans Thomas Kramer Chief Financial Officer Oracle | Cvent | BCG | Accenture Niccolo de Masi Chairman & CEO dMY Technology Group | Glu | Siemens Genius Sports | Resideo | Planet Jordan Shapiro President & GM, Networking NEA | Samsung Rima Alameddine Chief Revenue Officer Nvidia | Cisco | Sun Microsystems Margaret Arakawa Chief Marketing Officer Microsoft | Intel | Fastly Tom Jones Chief People Officer Microsoft | Honeywell | Blue Origin Paul Dacier Chief Legal Officer EMC | AerCap Holdings | Quinn Emanuel Ariel Braunstein SVP , Product Google | Cisco Rick Muller VP , Quantum Systems IARPA | Sandia National Labs David Mehuys VP , Production Engineering PsiQuantum | Infinera Martin Roetteler VP , Quantum Solutions Microsoft | NEC Dean Kassmann SVP , Engineering & Technology Amazon | Blue Origin Chris Monroe Chief Scientific Advisor & Co-Founder Duke University | NIST University of Maryland 10 Marco Pistoia SVP , Industry Relations IBM | JP Morgan Chase
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. Computing Acquisitions Technology Acceleration Oxford Ionics technology provides more qubits per QPU at lower cost, without compromising on performance. Lightsynq’s interconnect solution provides faster connections between QPU’s, allowing for cost-effective data center scale-out. Scientific Leadership Dr. Chris Ballance CEO, Oxford Ionics ● Intention to be acquired by IonQ June 2025 (2019 - 2025) ● Fellow, University of Oxford (2019 - 2025) ● PhD, University of Oxford (2010 - 2014) ● Citations: 4,475 ● h-index: 25 Dr. Mihir Bhaskar CEO, Lightsynq Technologies ● Acquired by IonQ (2024 - 2025) ● Research Lead, AWS Center for Quantum Networking (2021 - 2024) ● PhD, Harvard University (2015 - 2021) ● Citations: 5,085 Integrating World-Class Talent & Technology 11 *Announced intent to acquire Oxford Ionics on June 9, 2025 *
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Copyright © 2025 IonQ, Inc. All Rights Reserved. Customers and Partners Select Customers 12 IonQ Investor Updates
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Copyright © 2025 IonQ, Inc. All Rights Reserved. Customers and Partners Select Partners 13 IonQ Investor Updates
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Copyright © 2025 IonQ, Inc. All Rights Reserved. IonQ Investor Updates 14 Leading the Quantum Industry 02
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. $1.6M $11.1M $22.0M $43.1M $82.0M YoY Growth% N/A 594% 98% 96% 111% 2021A 2022A 2023A 2024A 2025E IonQ has been approximately doubling GAAP Revenue YoY since joining NYSE 1. CAGR represented based on 2025 midpoint revenue guidance range at $91.0 million Accelerating GAAP Revenue 15 175% CAGR1 $100.0M Revenue guidance range
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. $697M Cash Balance 2 Capitalized to Execute & Deliver Identified Quantum-Enhanced Applications Total IonQ 1,060* Granted Pending 214 229 116 10 4 339 69 2 18 59 Large and Growing Intellectual Property Portfolio *Includes owned or controlled patents granted and pending as of May 2025, including those from IDQ (in which IonQ owns a majority stake), and Oxford Ionics (which IonQ intends to acquire pending closure pursuant to terms signed in June 2025). 16
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. Leading Quantum Computing Technology Roadmap $697M Cash Balance 2 Capitalized to Execute & Deliver Identified Quantum-Enhanced Applications 2025 2026 2027 2028 2029 2030 12 800 1,600 8,000 80,000 Logical Error Rates <1.00E-12 17 10,000 20,000 200,000 2,000,000Qubits Logical Qubits 64-100+ 100-256+ Lightsynq-enabledIntegration of Oxford Ionics trap technologies <1.00E-7
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. $697M Cash Balance 2 Capitalized to Execute & Deliver Identified Quantum-Enhanced Applications 18 Real Qubits, Real Results Numbers and track record demonstrate IonQ’s leading position in the Quantum race Superconducting Annealing Other Compute Modalities Price BOM Cost Est. at Full Fault Tolerance <$50M per Machine >$1B per Machine N/A (No Fault Tolerance) >$1B per Machine Performance Fidelity 99.9999999999% by 2029 99.9% No Gates Varies Error Correction Ratio 13 : 1 1,000 : 1 No Gates 10,000 – 1,000,000 : 1 Scale Space Requirements (Fault-Tolerant) Data Center Racks Football Field Football Field Football Field Energy Requirements Wall Socket Nuclear Reactor Unclear Nuclear Reactor Cooling Requirements Minimal Refrigeration Refrigeration Usually Logical Qubits in 2027 / 2030 800 / 80,000 100 / 1,000 No Gates None / 100 Enterprise Grade Applications Proven and Published Not Disclosed Specific Use-Case None Public Cloud Availability Big 3 Since 2021 Select Providers Select Providers None Manufacturing Scale Multiple Deployments Multiple Deployments Limited Deployments Early R&D Stage
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. $697M Cash Balance 2 Capitalized to Execute & Deliver Identified Quantum-Enhanced Applications 1. Indicated as “long-term goal” with no specific year assigned to the milestone 2. Algorithmic qubits 3. Limited logical fidelity of only 99.99% Source: Public roadmaps 19 Delivering the Most Powerful Quantum Computers in the World 2025 2026 2027 2028 2029 2030 Physical Qubits IonQ 64-100+ 100-256+ 10,000 20,000 200,000 2,000,000 IBM 133 360 1080 1080 n/a n/a Rigetti 36 100 n/a n/a n/a n/a Quantinuum 96 n/a 192 n/a 1,000+ n/a Logical Qubits IonQ 12 800 1,600 8,000 80,000 IBM n/a n/a n/a 200 2,000 Quantinuum ~50 n/a ~100 n/a 100’s n/a Logical Error Rates IonQ <1.00E-7 <1.00E-7 <1.00E-7 <1.00E-12 <1.00E-12 IBM Not disclosed n/a n/a n/a n/a n/a Quantinuum <1.00E-4 n/a ~1.00E-5 n/a 1.00E-5 to 1.00E-10 n/a
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Copyright © 2025 IonQ, Inc. All Rights Reserved. Technology Pathto Commercial Advantage 03 20 IonQ Investor Updates
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. Performance Trapped Ion Architecture 1. All-to-all connectivity for ions within the same QPU core (laser gates core) 2. Partial error correction through Clifford Noise Reduction (CliNR) 3. Error correction rates for IonQ trapped ion quantum computers; refer to arXiv:2503.22071 4. Using the [[49,1,7]] surface codes instead of the [[48,4,7]] BB5 codes Copyright © 2025 IonQ, Inc. All Rights Reserved. IonQ Advantage All-to-all connectivity1 Two-qubit gate fidelity Superconducting Competitors Nearest-neighbor connectivity Multiple swap gates required 21 Trapped Ion Superconducting Fidelity ▲ 99.99%+ ▼ Varies Connectivity ▲ All-to-all1 ▼ Nearest neighbor (requires more 2Q Gate operations) Error Correction ▲ 3:1 partial error correction2 ▲ 13:1 error correction3 ▼ 100:1 error correction4 Scalability ▲ Natural and identical ▲ Data center configurable ▲ Electronic chip manufacturing ▼ Manufactured ▼ Large and clunky ▼ Refrigeration required Coherence ▲ Longest qubit lifetime ▼ Shorter qubit lifetime Temperature ▲ Room temperature environment ▼ Dilution refrigerator cooled to 10 millikelvin
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. Electronic Qubit Control: Scaling, Fidelity, Speed, and Precision $697M Cash Balance 2 Capitalized to Execute & Deliver Identified Quantum-Enhanced Applications World Records: 99.999% 1Q Fidelity 99.97% 1Q Fidelity 22 Copyright © 2025 IonQ, Inc. All Rights Reserved. Speed On-chip control and parallel ops boost efficiency and reduce time-to-solution Fidelity Strong on-chip isolation enables longer coherence and industry-leading fidelity Control Microwaves and electric fields enable precise, localized qubit control for maximum accuracy Scalability Qubit-dense, replicable chips lower cost per qubit and overcome scaling and manufacturing limits
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. Scale IonQ and Oxford Ionics Roadmap Increases Qubit Density on Chip 23 10,000-qubit quantum computer 8-qubit unit cell 256-qubit quantum computer Acquisition of Oxford Ionics creates a path for scaling qubit count through manufacturing on standard silicon chips Copyright © 2025 IonQ, Inc. All Rights Reserved.IonQ Investor Updates
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. Scale Photonic Interconnects Drive Modular Scaling 24 Data center-friendly scaling architecture leveraging mature optical fiber link technology Optical Switch Fabric IonQ Quantum Memory Layer Detectors/ Processing Layer IonQ Ion Traps
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. Scale Quantum Memory Enhanced Photonic Interconnects 25 Previous best-in-class: No quantum memory QPU A QPU B Detection Hub ● Simultaneous photon arrival required for connection ● Photon loss causes retries, reducing network speed IonQ Lightsynq approach: Memory-enhanced interconnects ● No sync needed with quantum memory ● Memory mitigates loss, enabling up to 50× faster networks ● Integrated photonics allow scalable, foundry-ready chipsCombine with Buffer QPU A QPU B Buffer
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Copyright © 2025 IonQ, Inc. All Rights Reserved. Enterprise-Grade Applications & Ecosystem 04 26 IonQ Investor Updates
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. Leading Sustainability and Environment Innovation 27 Battery Material Simulation Electric Transport Logistics Optimization Gas Leak Detection Via Satellite Power Grid Balancing and Optimization Photovoltaic Modeling and Design Carbon Sequestration Catalysts Innovative Use Cases Positively Impacting Climate Initiatives
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. Optimization Drug Discovery Simulation Data Analysis Optimization Energy Grid Distribution Improvements Pharma Drug Discovery Modeling Engineering Simulation Modeling Fraud & Anomaly Detection in Large Datasets Supply Chain Optimization • Developing novel hybrid algorithms to solve energy optimization problems • Accelerating grid modernization and optimizing power generation schedules to meet electricity demand at minimal cost • Using quantum to advance chemical interactions modeling for drug discovery • 20x faster time-to-solution than best previously published implementation with higher accuracy and lower power consumption • Integration of quantum solutions into design tools • Demonstrated 12% commercial advantage over classical alternatives on life-saving blood pump computational engineering • Creating quantum solutions enhancing fraud and anomaly detection in large datasets • Project focused on identifying complex irregularities with greater accuracy • Developing quantum algorithms for optimizing cargo loading • Increasing operational efficiency to drive fuel and labor cost savings Potential Market Size: $50B-$100B Potential Market Size: $40B-$80B Potential Market Size: $10B-$20B Potential Market Size: $25B+ Potential Market Size: $50B-$100B Applications for Commercial Advantage Source: BCG, The Long-Term Forecast for Quantum Computing Still Looks Bright, June 2024 Note: Value creation market sizes estimated at technology maturity 28
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. Quantum-Accelerated Graph Partitioning for Finite Element Simulation with Ansys Up to 12% Improvement over classical heuristics Business and Technical Challenges LS-DYNA crash simulations are slowed by costly graph partitioning on massive FEM meshes IonQ’s Quantum Solution QITE approach breaks down large meshes into smaller subgraphs for quantum processing Business Impact Up to 12% faster simulation times, with strong potential for continued quantum-driven acceleration IonQ Investor Updates 29 2.6M vertices 40M edges
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. Accelerating Drug Development through Enhanced Simulations with AstraZeneca 20x Faster time-to-solution than best previously published implementation Business and Technical Challenges Traditional computing struggles to accurately and efficiently model complex transition metal catalysis IonQ’s Quantum Solution QC-AFQMC delivers scalable, high-accuracy simulation of reaction energetics Business Impact Enables faster, more cost-effective drug development and material design CPU QPU GPU <1 hr Laptop 32 hrs Forte 45 hrs 320x H200 IonQ Investor Updates 30 0 5 10 15 Time, Hartree -1 -2739.2 -2739.0 -2738.8 -2738.6 -2738.4 -2738.2 -2738.0 -2737.8 -2737.6 -2737.4
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. Pioneering Quantum Solutions for U.S. Energy Grid Optimization with ORNL IonQ’s Quantum Solution Novel hybrid algorithm–co-developed with ORNL–optimizes power generation schedules to meet growing energy demands Business Impact Successfully optimized a 26-generator grid—demonstrating a clear path to solving grid-scale challenges with 2026-era systems IonQ Investor Updates 31 Business and Technical Challenges Unit Commitment is vital for utilities—grid inefficiency causes up to 60% of energy loss in U.S. power generation >60% decrease in error rates as the problem size grows
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Copyright © 2025 IonQ, Inc. All Rights Reserved.IonQ Investor Updates 32 Accelerating Value: Expanding the Quantum Application Opportunity Chemical Reaction Modeling Structural Analysis in CAE Synthetic Data Generation Protein Folding For Drug Discovery Unit Commitment In Electric LLM Fine-Tuning Chemical Reaction Modeling Structural Analysis in CAE Synthetic Data Generation Chemical Reaction Modeling Structural Analysis in CAE Synthetic Data Generation Protein Folding For Drug Discovery Unit Commitment In Electric LLM Fine-Tuning Image Change Detection Laminar Fluid Dynamics Vehicle Routing Chemical Reaction Modeling Structural Analysis in CAE Synthetic Data Generation Protein Folding For Drug Discovery Unit Commitment In Electric LLM Fine-Tuning Image Change Detection Laminar Fluid Dynamics Vehicle Routing Drug-Target Affinity Prediction With Solvent Model Fantasy Sports Team Picking AI Agent Assignment Chemical Reaction Modeling Structural Analysis in CAE Synthetic Data Generation Protein Folding For Drug Discovery Unit Commitment In Electric LLM Fine-Tuning Image Change Detection Laminar Fluid Dynamics Vehicle Routing Drug-Target Affinity Prediction With Solvent Model Fantasy Sports Team Picking AI Agent Assignment Medical Imaging Analysis Institutional Portfolio Rebalancing Pharma Catalysts Redesign Battery Materials Discovery Chemical Reaction Modeling Structural Analysis in CAE Synthetic Data Generation Protein Folding For Drug Discovery Unit Commitment In Electric LLM Fine-Tuning Image Change Detection Laminar Fluid Dynamics Vehicle Routing Drug-Target Affinity Prediction With Solvent Model Fantasy Sports Team Picking AI Agent Assignment Medical Imaging Analysis Institutional Portfolio Rebalancing Pharma Catalysts Redesign Battery Materials Discovery Polymorph Screening for Drug Discovery Carbon Capture Catalyst Materials Discovery For Advanced Medical Equipment Optimization Of AI Agent Action Planning Training Robotic AI Models Quantum Federated Learning Chemical Reaction Modeling Structural Analysis in CAE Synthetic Data Generation Protein Folding For Drug Discovery Unit Commitment In Electric LLM Fine-Tuning Image Change Detection Laminar Fluid Dynamics Vehicle Routing Drug-Target Affinity Prediction With Solvent Model Fantasy Sports Team Picking AI Agent Assignment Medical Imaging Analysis Institutional Portfolio Rebalancing Pharma Catalysts Redesign Battery Materials Discovery Polymorph Screening for Drug Discovery Carbon Capture Catalyst Materials Discovery For Advanced Medical Equipment Optimization Of AI Agent Action Planning Training Robotic AI Models Quantum Federated Learning Broad Commercial Advantage 2024 2025 2026 2027 2028 2029 2030 Apps Market Opportunity
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Copyright © 2025 IonQ, Inc. All Rights Reserved.IonQ Investor Updates 33 Quantum FL for genomics Augmented robotic AI Multimodal AI reasoning Quantum fine-tuning AI CFD Augmented health data Multi-agent assignment Fantasy sports picking Small-scale drug affinity Satellite change detection Narrow Commercial Advantage 800 600 400 200 Logical Qubits 2026 2027 2028 2029 2030 1600 1400 1200 1000 Broad Commercial Advantage IonQ IBM Quantinuum 100 to 800 Logical Qubits Applications Unlocked Leading the Pack: Unlocking Broad Commercial Advantage Note: Figures derived from publicly available roadmaps from IBM and Quantinuum, with reasonable approximations used where data was unavailable.
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Copyright © 2025 IonQ, Inc. All Rights Reserved.IonQ Investor Updates 34 1600 1400 Logical Qubits 2026 2027 2028 2029 2030 1200 1000 800 600 400 200 8000 6000 4000 Narrow Commercial Advantage Broad Commercial Advantage IonQ IBM Quantinuum Ion transport in batteries Perovskite solar cells Portfolio rebalancing Finite element vibrations AI robotic navigation Clinical toxicity prediction Fert catalyst redesign 800 to 1600 Logical Qubits Applications Unlocked Exponential Edge: Rapid Qubit Scaling Unlocks More Complex Applications Note: Figures derived from publicly available roadmaps from IBM and Quantinuum, with reasonable approximations used where data was unavailable.
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Copyright © 2025 IonQ, Inc. All Rights Reserved.IonQ Investor Updates 35 1600 Logical Qubits 2026 2027 2028 2029 2030 140012001000800600400200 80000 60000 40000 20000 8000 6000 4000 Narrow Commercial Advantage Broad Commercial Advantage IonQ IBM Quantinuum Chip placement & routing Metal catalyst redesign Polymorph screening Alzheimer’s diagnostics Carbon capture - Ru cycle Hydrogen fuel cells Zeolite oil refining Shor’s algo - RSA Shor’s algo - blockchain Brain imaging (HTS) AI agent action planning 1600 to 8000 Logical Qubits Applications Unlocked Dominating the Quantum Frontier: Targeting Mission-Critical Applications Note: Figures derived from publicly available roadmaps from IBM and Quantinuum, with reasonable approximations used where data was unavailable.
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Copyright © 2025 IonQ, Inc. All Rights Reserved.IonQ Investor Updates 36 2026 2027 2028 2029 2030 80000 60000 40000 20000 Logical Qubits IonQ IBM Quantinuum 8000 140012001000800600400200 40006000 160 0 Narrow Commercial Advantage Broad Commercial Advantage Quantum FL for genomics Augmented robotic AI data Multimodal AI reasoning Quantum fine-tuning AI CFD Augmented health data Multi-agent assignment Fantasy sports picking Small-scale drug affinity Satellite change detection Portfolio rebalancing Ion transport in batteries Perovskite solar cells Finite element vibrations AI robotic navigation Clinical toxicity prediction Fertilizer catalyst redesign AI agent action planning Metal catalyst redesign Drug polymorph screening Carbon capture - Ru cycle Chip placement & routing Alzheimer’s diagnostics Hydrogen fuel cells Zeolite oil refining Shor’s algo - RSA Shor’s algo - blockchain Brain imaging (HTS) Modern electrical grid 100 to 80000+ Logical Qubits Applications Unlocked The Platform of Record: Powering the World with Quantum Note: Figures derived from publicly available roadmaps from IBM and Quantinuum, with reasonable approximations used where data was unavailable.
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Copyright © 2025 IonQ, Inc. All Rights Reserved. IonQ Investor Updates Building the Quantum Internet 05 37
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. The Quantum Internet Ultra-Secure Communications Networked Compute Entanglement Distribution and QKD • Communicate securely, low risk of hacking from quantum computers • Ultra-secure communication, even in remote, highly-sensitive settings Modular, Scalable Quantum • Achieve more powerful quantum systems by linking computers • Compute across modalities for a diverse array of algorithms 38 The intersection of best-in-class secure communication and scalable quantum power The Quantum Internet: A New Paradigm for Security and Computation Ultra-Secure Computation Blind Quantum Computing • Securely run algorithms, even on centralized hardware • Eliminate threats of compromised privacy and integrity of compute
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. Quantum Networking Solutions for Post Quantum Cryptography Problem: The RSA Vulnerability 39 For decades RSA public key cryptography has been the foundation of secure communications Shor’s algorithm and exponentially powerful quantum computers threaten the security and data protection that RSA currently offers Implementation flaws such as poor random number generation, side-channel attacks, and padding oracle attacks create security exposure Threats of data harvest now, decrypt later is a material risk to global organizations
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. Telecom, banks and institutions spearheading the quantum-safe security revolution Leading the Race to Resilience 40 Quantum Security Quantum key distribution Entanglement Distribution Enabling secure compute and communications Quantum Componentry Photon detection systems for long-range quantum optical networks QKD is easily integrated on top of existing encryption protocols Solution: IonQ’s Quantum Networking
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. Enabling Commercial-Scale Quantum Networks $697M Cash Balance 2 Capitalized to Execute & Deliver Identified Quantum-Enhanced Applications EPB Quantum NetworkSM A Commercially Available Quantum Network in Tennessee EPB Quantum Center is the first commercial quantum computing and networking facility in the U.S. Entangled photon sources Precision correlated timing hardware Superconducting nanowire detectors Quantum-compatible fiber optic switches 41 IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved.
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. Enabling Long-Distance, Global Quantum Networks Over 35 km of deployed fiber with a path to hundreds of kilometers between repeaters Over one second storage time Repeaters are a key component of the Quantum Internet future Quantum repeaters pave the way for the quantum internet backbone 1 km 42 IonQ Investor Updates
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IonQ Investor Updates Copyright © 2025 IonQ, Inc. All Rights Reserved. Global Space-based Quantum Internet Capability Establishes IonQ as vertically integrated orbital sensor network deployment leader Unlocks rapidly growing secure communications market via QKD and free-space optical quantum transmission Enables direct access to top-secret contracting expertise; IonQ gains a Facility Security Clearance (FCL) 43 IonQ Investor Updates
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Copyright © 2025 IonQ, Inc. All Rights Reserved.