IonQ's stock rose 23% after its Q4 and full-year earnings report topped expectations, giving it a year-over-year gain of 54%. The quantum computer manufacturer, which builds quantum computers, reported $61.9 million in revenue for Q4, a 429% growth year over year, and $130 million for full year 2025, up 202%. Management noted that Q4 revenue was 55% above the midpoint of its own implied range, and full year revenue was 20% above its own midpoint. The company also highlighted its expanding commercial traction, with over 60% of its revenue coming from commercial customers. However, technical hurdles remain, so unlocking the technology's full potential will take years. In addition, IonQ was selected under the Missile Defense Agency’s SHIELD IDIQ contract, with a ceiling of $151 billion.