On September 25, IONQ Inc. rose 5.43% in regular trading, trading at $44.86/share, with turnover of $11.38 billion. The rally was driven by the announcement that IonQ has signed a contract to provide a Superion 256-qubit trapped-ion quantum computer to Florida International University in Miami.
The agreement marks the first sale and deployment of the Superion 256 system in Florida, establishing the university as a central hub for quantum research and education in the region. Financial terms of the contract were not disclosed. This deal extends a rapid streak of commercial wins for IonQ, which earlier this week announced it would install a Superion 256 at NVIDIA's Accelerated Quantum Research Center and partnered with South Korea's SDT for the system's first deployment in Asia-Pacific.
IonQ's Q2 revenue surged nearly threefold year-over-year, and the company raised its full-year revenue guidance to $450 million–$460 million, well above FactSet consensus of $289.7 million. Analysts maintain an average overweight rating with a mean price target of $69.58.
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