IonQ (IONQ) rises 15% after SkyWater holders approve merger

IonQ (IONQ) shares rose 15.1% in morning trading on May 14, 2026, after SkyWater Technology shareholders approved the company’s planned merger with IonQ, clearing a key step in the quantum computing company’s bid to acquire the U.S.-based chip foundry. The transaction, still subject to regulatory approvals and other customary closing conditions, is expected to close in the second or third quarter of 2026. IonQ said the deal would bring more of its chip supply chain, packaging capabilities and U.S.-based manufacturing expertise under internal control. The move follows a 9.4% drop four days earlier after IonQ reported first-quarter revenue of $64.7 million, up 755% from a year earlier, and raised full-year revenue guidance to $260 million to $270 million. Investors focused on losses, including an adjusted EBITDA loss of $96.8 million and an adjusted loss of 34 cents per share. IonQ is up 22.3% year to date at $57.18, but remains 30.3% below its 52-week high of $82.09 from October 2025.