IonQ on Monday said it has agreed to buy U.K.-based Oxford Ionics in a deal valued at $1.075 billion, continuing its acquisition spree. Quantum computing stocks have been volatile in 2025 as investors mull the technology's path to commercialization.
In addition, IonQ said the mostly stock deal includes roughly $10 million in cash.
"IonQ's vision has always been to drive real-world impact in every era and year of quantum computing's growth. Today's announcement of our intention to acquire Oxford Ionics accelerates our mission to full fault-tolerant quantum computers with 2 million physical qubits and 80,000 logical qubits by 2030," IonQ Chief Executive Niccolo de Masi, in a statement.
He added that Oxford Ionics' "groundbreaking ion-trap-on-a-chip technology will accelerate IonQ's commercial quantum computer miniaturization and global delivery. Our combined path to millions of qubits by 2030 will help ensure unit economics, scale, and power as quantum computing rapidly evolves."
AstraZeneca, AWS, Nvidia Collaboration
In additional news on Monday, IonQ announced the results of a research program also involving AstraZeneca, Amazon Web Services, part of Amazon.com and Nvidia to develop and demonstrate a quantum-accelerated computational chemistry workflow.
The results will be presented at the ISC High Performance conference this week in Germany.
"This collaboration marks an important step towards accurately modeling activation barriers for catalyzed reactions relevant to route optimizing in drug development. We look forward to further advancements in the area," said Anders Broo, AstraZeneca's executive director, pharmaceutical science, in a news release.
IonQ Acquisitions Build Quantum Platform
In May, IonQ agreed to purchase Lightsynq Technologies, a Boston-based startup founded by former Harvard University quantum memory experts. Also, IonQ has agreed to buy Capella Space. It called Capella a "a signals platform leader for top-secret government and commercial applications."
Meanwhile, IonQ recently completed the acquisition of a controlling stake in ID Quantique. Also, IonQ last year acquired a quantum networking company called Qubitekk.
Further, IonQ reported a 14-cent loss on an adjusted basis in the March quarter versus a 19-cent loss a year earlier. Revenue was basically flat at $7.56 million.
Analysts had forecast a 26-cent loss using generally accepted accounting principles, or GAAP, with revenue of $7.52 million.
For the June quarter, IonQ said it expects revenue of $17 million, in line with estimates.
Quantum Computing Stocks Volatile
On the stock market today, IonQ stock climbed 4.2% in early trading. Also, IonQ stock had retreated 6% in 2025 as of Friday's market close.
Shares in D-Wave Quantum have jumped 121% this year. Rigetti Computing has dropped 26% while Quantum Computing has pulled back 17%.
Quantum computing works on a subatomic level and uses exotic technologies, like supercold superconductor chips. Further, quantum computing companies aim to solve problems too complex for today's classical, electronics-based computers.
Meanwhile, quantum computing stocks have been volatile in 2025 amid controversy involving Nvidia over how soon commercially viable quantum technology will be widely available.
IonQ Stock: Average True Range
Meanwhile, IonQ stock has a 21-day ATR of 10.4%. The average true range is a metric available on IBD's MarketSurge that gauges the characteristic breadth of a stock's behavior. Stocks that tend to make large jumps or dives in daily action, the kind that can trigger sell rules and shake investors out of a stock, have a high ATR. Stocks that tend to make more incremental moves have lower ATRs.
IBD suggests stocks with ATRs of up to 8% in the current market.
Follow Reinhardt Krause on X, formerly Twitter, @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
