I just watched IONQ make a serious statement this week as the share price gapped up and reclaimed the $40 level following a massive earnings beat. It is incredibly rare to see this kind of momentum in the deep-tech space, but reporting $61.9 million in quarterly revenue—a 429% year-over-year jump—completely shattered expectations and proved that commercial demand for trapped-ion technology is scaling much faster than the skeptics thought. IONQ officially became the first pure-play quantum company to surpass $100 million in annual GAAP revenue and even posted a GAAP net income of $753.7 million for the quarter. While much of that profit came from a non-cash gain on warrant liabilities, the fact remains that they are separating themselves from the "science project" pack and operating as a true commercial heavyweight with a $3.3 billion cash war chest.
This is currently my last remaining lot of IONQ, as my previous positions were all called away back when the quantum sector went on that parabolic run and my covered calls expired in the money. Since I’m looking to rebuild my core position without chasing this $40+ gap, I’ve started selling cash-secured puts (CSPs) at the low $30 strike. The stock has shown it can be volatile—especially with the 20% February dip we saw before this rally—so I’m more than happy to collect the premium and wait for a pullback to accumulate more shares at a better cost basis. With 2026 revenue guidance raised to a midpoint of $235 million and the SkyWater acquisition on the horizon, I want to be back at full capacity before the next leg of the quantum race begins.
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