IonQ (NYSE: IONQ) closes SkyWater deal, building vertically integrated quantum platform

Rhea-AI Filing Summary

IonQ, Inc. completed its previously announced acquisition of SkyWater Technology, combining a leading quantum computing platform with the largest exclusively U.S.-based semiconductor foundry. The transaction closed on July 31, 2026, following required regulatory approvals, with SkyWater now operating as a subsidiary under its existing name.

Under the agreement, SkyWater shareholders receive $15.00 in cash plus 0.4883 shares of IonQ common stock for each SkyWater share. SkyWater’s CEO Thomas Sonderman will lead the subsidiary and report to IonQ CEO Niccolo de Masi, as IonQ aims to build a vertically integrated, full-stack quantum platform spanning computing, networking, sensing, and security. The combined company plans a second quarter earnings call on August 5, 2026 after the U.S. market close and an investor day on September 8, 2026.

Positive

• Acquisition of SkyWater Technology completed, giving IonQ a U.S.-based semiconductor foundry and advancing its strategy to build a vertically integrated, full-stack quantum platform across computing, networking, sensing, and security.

Negative

• None.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Cash per SkyWater share: $15.00 per share Stock per SkyWater share: 0.4883 shares Acquisition closing date: July 31, 2026 +3 more

6 metrics

Cash per SkyWater share $15.00 per share Cash component of consideration in SkyWater acquisition

Stock per SkyWater share 0.4883 shares IonQ common stock issued per SkyWater share in the transaction

Acquisition closing date July 31, 2026 Date IonQ completed the acquisition of SkyWater

Earnings call date August 5, 2026 Planned second quarter earnings call of the combined company

Investor day date September 8, 2026 Planned investor day for the combined company

Two-qubit gate fidelity 99.99% Two-qubit gate fidelity IonQ reports achieving in 2025

Key Terms

Agreement and Plan of Merger, vertically integrated full-stack quantum platform, fault-tolerant quantum computing, Technology as a Service, +2 more

6 terms

Agreement and Plan of Merger regulatory

"entered into an Agreement and Plan of Merger with SkyWater"

An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

vertically integrated full-stack quantum platform technical

"Creates the Only Vertically Integrated Full-Stack Quantum Platform Company"

fault-tolerant quantum computing technical

"Accelerates IonQ’s Fault-Tolerant Quantum Computing Roadmap"

Fault-tolerant quantum computing is the ability of a quantum computer to keep producing correct results even when its basic parts make mistakes, by detecting and fixing errors and using redundancy so the machine continues to work reliably. For investors, it matters because fault tolerance is the key to scaling quantum machines from experimental demos into practical, revenue-generating systems—think of it like having backups and automatic repairs that make a prototype road-ready and lower the technology’s commercial and technical risk.

Technology as a Service technical

"SkyWater’s Technology as a Service model empowers innovators"

Trusted Foundry technical

"SkyWater is a DMEA-accredited Category 1A Trusted Foundry"

A trusted foundry is a semiconductor manufacturing facility that has been vetted and authorized to make chips for customers with sensitive or classified requirements, often under government security rules and special oversight. Think of it as a certified workshop that follows strict controls over materials, designs and who can access them; for investors, its status affects access to defense or regulated contracts, supply-chain resilience and potential revenue tied to secure programs.

two-qubit gate fidelity technical

"In 2025, the company achieved 99.99% two-qubit gate fidelity"

Two-qubit gate fidelity measures how accurately a quantum computer performs a basic operation that links two quantum bits (qubits). Think of it like the success rate of a two-person handshake that must be precise for a larger task; higher fidelity means fewer errors, better chances of running useful algorithms, and lower cost to correct mistakes. Investors watch it because higher fidelity signals more reliable hardware and faster progress toward commercially valuable quantum computing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →

Available on EDGAR 07/31/2026 - 08:56 AM Accepted by SEC EDGAR 07/31/2026 - 08:56 AM Learn about SEC filing dates

FAQ

What did IonQ (IONQ) announce regarding SkyWater Technology?

IonQ completed its acquisition of SkyWater Technology, making SkyWater a wholly owned subsidiary. The deal combines IonQ’s quantum platform with SkyWater’s U.S.-based semiconductor foundry operations to support a vertically integrated full-stack quantum offering.

What consideration are SkyWater shareholders receiving in the IonQ (IONQ) deal?

SkyWater shareholders receive $15.00 in cash and 0.4883 IonQ shares for each SkyWater common share. This mix of cash and stock aligns SkyWater investors with the future performance of the combined quantum and semiconductor business.

How will SkyWater operate after its acquisition by IonQ (IONQ)?

After closing, SkyWater operates as a subsidiary under the SkyWater name. CEO Thomas Sonderman continues to lead the business and reports to IonQ CEO Niccolo de Masi, maintaining foundry services while contributing to IonQ’s quantum roadmap.

What strategic benefits does the SkyWater acquisition bring to IonQ (IONQ)?

IonQ states the acquisition supports vertical integration and a secure domestic supply chain. Combining quantum foundry, advanced packaging, and manufacturing is intended to accelerate IonQ’s fault-tolerant quantum computing roadmap and expand quantum sensing and networking solutions.

When will the combined IonQ (IONQ) and SkyWater company discuss results with investors?

The combined company expects to hold its second quarter earnings call on August 5, 2026, after the U.S. market closes. It also plans an investor day on September 8, 2026 to provide further updates on strategy and integration.

Who will lead SkyWater within IonQ (IONQ) after the merger?

Thomas Sonderman remains CEO of SkyWater and will lead the subsidiary within IonQ. He will report to IonQ Chairman and CEO Niccolo de Masi, helping advance next-generation quantum chips and maintain SkyWater’s foundry customer relationships.

0001824920false0001824920ionq:WarrantsEachWholeWarrantExercisableForOneShareOfCommonStockAtAnExercisePriceOf1150PerShareMember2026-07-312026-07-310001824920ionq:CommonStockParValue00001PerShareMember2026-07-312026-07-3100018249202026-07-312026-07-31

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 31, 2026

IonQ, Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-39694	85-2992192
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
4505 Campus Drive
College Park, Maryland				20740
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 301 298-7997

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common stock, par value $0.0001 per share		IONQ		New York Stock Exchange
Warrants, each exercisable for one share of common stock for $11.50 per share		IONQ WS		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

As previously disclosed, on January 25, 2026, IonQ, Inc., a Delaware corporation (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with SkyWater Technology, Inc., a Delaware corporation (“SkyWater”), Iris Merger Subsidiary 1 Inc., a Delaware corporation and a wholly owned subsidiary of the Company (“Merger Sub 1”), and Iris Merger Subsidiary 2 LLC, a Delaware limited liability company and a wholly owned subsidiary of the Company (“Merger Sub 2”). Pursuant to the Merger Agreement, (i) Merger Sub 1 merged with and into SkyWater, with SkyWater surviving as a wholly owned subsidiary of the Company (the “First Merger”), and (ii) immediately following the effective time of the First Merger, SkyWater, as the surviving entity of the First Merger, merged with and into Merger Sub 2, which survived the merger as a wholly owned subsidiary of the Company (together with the First Merger, the “Mergers”).

On July 31, 2026, the Company issued a press release announcing the completion of the Mergers.

A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
99.1	Press Release, dated July 31, 2026.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			IonQ, Inc.
Date:	July 31, 2026	By:	/s/ Paul T. Dacier
			Paul T. Dacier Chief Legal Officer & Corporate Secretary

Exhibit 99.1

IonQ Completes Acquisition of SkyWater Technology

Creates the Only Vertically Integrated Full-Stack Quantum Platform Company

Accelerates IonQ’s Fault-Tolerant Quantum Computing Roadmap

Facilitates Secure End-to-End Design through Delivery of IonQ’s Platform of Next-Generation Quantum Computing, Quantum Networking, Quantum Security, and Quantum Sensing Technologies

SkyWater Will Continue to Serve Customers as a U.S.-based Semiconductor Foundry

COLLEGE PARK, Md. & BLOOMINGTON, Minn.-- July 31, 2026 -- IonQ (NYSE: IONQ), the world’s leading quantum platform company, today completed its acquisition of SkyWater Technology (NASDAQ: SKYT), the largest exclusively U.S.-based semiconductor foundry.

“Acquiring SkyWater crystalizes IonQ’s vision to serve as a technology leader, merchant supplier and ecosystem enabler across the entire quantum industry. We are investing in capabilities from quantum foundry and advanced packaging to manufacturing and commercialization that the quantum ecosystem requires for future growth,” said Niccolo de Masi, Chairman and Chief Executive Officer of IonQ. “Building upon our existing merchant supplier track record providing quantum solutions for our customers, we expect this acquisition to accelerate all quantum platforms across the industry.”

“This combination enables IonQ to drive our quantum computing roadmap and secure a fully scalable supply chain domestically. It unlocks IonQ’s semiconductor-based approach to manufacturing new generations of our quantum computers, while ensuring SkyWater’s ability to deliver the excellent quality and attention customers expect,” said de Masi, who added, “Secure chip design, fabrication, and packaging will deliver vertical integration across our full stack of quantum applications for land, sea, air, and space.”

“Joining the IonQ team marks a pivotal moment in SkyWater’s evolution,” said Thomas Sonderman, Chief Executive Officer of SkyWater Technology. “As the largest semiconductor foundry based in the U.S., SkyWater is already the partner of choice for advanced development and manufacturing services in both the public and private sectors as quantum computing shifts from research to manufacturing. Being part of IonQ will accelerate multiple engineering pathways for next-generation quantum chips, delivering speed, precision, and scale. Importantly, SkyWater remains fully committed to all of our semiconductor foundry customers and will continue as the quantum supplier of choice with an even broader set of quantum sensing and quantum networking solutions for our customers and partners.”

Following today’s closing, SkyWater will operate as a subsidiary under the SkyWater name. Sonderman will lead the subsidiary and report to de Masi, which will ensure the continued delivery of industry-leading Advanced Technology, Wafer, and Advanced Packaging Services as well as atomic clocks and quantum interconnects to all SkyWater customers.

Transaction Details

Under the terms of the agreement, SkyWater shareholders are receiving $15.00 in cash and 0.4883 shares of IonQ common stock for each share of SkyWater common stock held at close of the transaction. The closing followed receipt of required regulatory approvals. The combined company is expected to hold its second quarter earnings call on Wednesday, Aug. 5, 2026 after the U.S. market closes and an investor day in the third quarter of 2026 (Sept. 8).

About IonQ

IonQ, Inc. [NYSE: IONQ] is the world’s leading quantum platform and foundry - delivering integrated quantum solutions across computing, networking, sensing, and security. IonQ’s newest generation of quantum computers, the IonQ Tempo, is the latest in a line of cutting-edge systems. Earlier systems have helped customers and partners including Amazon Web Services, AstraZeneca, and NVIDIA achieve a 20x performance increase over previous quantum solutions and accelerate innovation in drug discovery, materials science, financial modeling, logistics, cybersecurity, and defense. In 2025, the company achieved 99.99% two-qubit gate fidelity, setting a world record in quantum computing performance.

Headquartered in College Park, Maryland, IonQ has operations in California, Colorado, Massachusetts, Tennessee, Washington, Italy, South Korea, Sweden, Switzerland, Canada, and the United Kingdom. Our quantum computing services are available through all major cloud providers, while we also meet the needs of networking and sensing customers across land, sea, air, and space. IonQ is making quantum platforms more accessible and impactful than ever before. Learn more at IonQ.com.

About SkyWater

SkyWater Technology is securing America’s silicon foundation as the largest U.S.-based semiconductor foundry. A trusted partner to both commercial customers and federal defense programs, SkyWater’s Technology as a Service model empowers innovators to bring emerging technologies like quantum computing and next-generation systems from concept to reality. With state-of-the-art facilities in Minnesota, Florida, and Texas, SkyWater specializes in foundational nodes and advanced packaging to support the nation’s critical infrastructure, strengthen supply chain resilience, and ensure long-term U.S. technology leadership. SkyWater is a DMEA-accredited Category 1A Trusted Foundry. To learn more, visit SkywaterTechnology.com.

Note to Investors Regarding Forward-Looking Statements

This press release contains forward-looking statements. All statements contained in this press release other than statements of historical fact are forward-looking statements, including statements regarding IonQ's quantum computing roadmap, the benefits to IonQ of vertical integration and SkyWater's future operations. In some cases, you can identify these statements by forward-looking words such as “pending,” “look forward,” “accelerate,” “anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,” “estimate,” “target,” “project,” “should,” “could,” “would,” “may,” “will,” “forecast,” “confident,” “position,” “become,” “on track,” “ensure,” “ongoing” and other similar expressions. These statements are only predictions based on our expectations and projections about future events as of the date of this press release and are subject to a number of risks, uncertainties and assumptions that may prove incorrect, any of which could cause actual results to differ materially from those expressed or implied by such statements, including, among others, those described under the heading “Risk Factors” in our most recently filed Annual Reports on Form 10-K filed with the Securities and Exchange Commission. New risks emerge from time to time, and it is not possible for our management to predict all risks, nor can management assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement we make. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. Except as otherwise required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

IonQ Media Contact:

Cheryl Krauss
cheryl.krauss@ionq.co

IonQ Investor Contact:
investors@ionq.co

SkyWater Media Contact:
Tammy Swanson

tammy.swanson@skywatertechnology.com

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 21.6 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 44.1 KB