IonQ Tops Rigetti as Better Long-Term Quantum Stock With $80.1 Million Quarterly Revenue
Updated
Updated · Barchart · Aug 24
IonQ Tops Rigetti as Better Long-Term Quantum Stock With $80.1 Million Quarterly Revenue
3 articles · Updated · Barchart · Aug 24
Summary
IonQ emerged as the stronger long-term pick over Rigetti, with the latest analysis citing faster growth, broader product reach and better visibility into future sales.
Q2 revenue rose 287% to $80.1 million at IonQ, versus Rigetti’s 183% increase to $5.1 million, while IonQ also lifted 2026 revenue guidance to $280 million-$290 million.
About 60% of IonQ’s Q2 revenue came from commercial customers, and its $485 million in remaining performance obligations underscored demand as it expands beyond hardware into networking, sensing and security.
The company recently closed its $1.8 billion SkyWater acquisition, giving it a vertically integrated U.S. platform across design, fabrication, packaging and deployment.
Rigetti still offers upside with a 108-qubit system, $541.3 million in cash and a possible $100 million Commerce Department funding deal, but its path to 1,000 qubits remains more execution-heavy and commercially uncertain.
Why does Wall Street favor IonQ so strongly if Rigetti is scaling qubits fast and sitting on more cash with no debt?
Could Rigetti’s chiplet strategy become the surprise winner, or is IonQ already building the only quantum business model that works before full commercialization?