IonQ Inc. (NYSE:IONQ) stock rose Monday, extending its post-earnings rally after the quantum computing company announced a new government distribution partnership. The gains followed strong third-quarter results and an improved revenue forecast last week.
IonQ and Carahsoft Technology Corp. announced a strategic agreement Monday naming Carahsoft as IonQ's public sector distributor.
The partnership will allow government agencies to purchase IonQ's quantum technology through Carahsoft's reseller network and government contracts.
IonQ Expands Government Reach
The agreement aims to simplify government purchases and expand access to quantum computing, networking, sensing and security technologies.
The companies also highlighted growing federal interest in quantum technology, citing Executive Order 14413 and national security priorities.
Under the agreement, Carahsoft will handle procurement, pricing, contract access, sales and distribution.
Additionally, it will work with resellers and federal systems integrators to meet government agency requirements.
The partnership could help IonQ reach more public sector customers as demand for advanced quantum technologies grows.
Strong Earnings Fuel Momentum
The announcement follows IonQ's strong third-quarter performance, which included triple-digit revenue growth and a higher full-year revenue forecast.
Third-quarter revenue surged 336% year over year to $173.83 million, beating analysts' estimate of $141.63 million.
Meanwhile, IonQ reported an adjusted loss of 29 cents per share, narrower than the expected loss of 38 cents, according to market data.
Growth reflected global deployments of IonQ Tempo quantum computers, shipments of quantum sensing and space-based solutions, and the completion of its SkyWater acquisition.
IonQ also raised its 2026 revenue forecast to $505 million-$515 million from $450 million-$460 million. Analysts had expected $455.17 million.
Furthermore, the company expects quantum computing revenue to increase 110% year over year in 2026.
IONQ Price Action: IonQ shares were up 9.35% at $35.67 at the time of publication on Monday, according to market data.
