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IonQ IONQ Gross margin

Gross margin at other companies

International Business Machines logo
International Business MachinesIBM
58.4%+1.3pp
Qualcomm logo
QualcommQCOM
54.8%-0.9pp
Quanta Services logo
Quanta ServicesPWR
15.1%+0.1pp
Akamai Technologies logo
Akamai TechnologiesAKAM
58.3%-0.8pp
Quest Diagnostics logo
Quest DiagnosticsDGX
33.2%+0.4pp
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

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Revenue$64.7M+755%
Gross profit$15.4M+374%
Operating income-$271.5M-259%
Net income$805.4M+2,597%
EPS (diluted)$2.07+1,579%

Balance sheet

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Cash & equivalents$501.4M+209%
Total debt$30.4M+75.4%
Total equity$5.0B+550%
Total assets$6.7B+687%

Cash flow

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Operating cash flow-$151.0M-357%
CapEx$8.4M+263%
Free cash flow-$159.4M-351%

Valuation

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Market cap$20.41B+100%
Enterprise value$19.94B+97.0%
P/S109.1×-127×

Profitability

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Operating margin-443.3%-89.3pp
Net margin-1,836.3%-2,750pp

Returns & leverage

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Return on equity-108.2%-223pp
Debt / equity0.0×
Current ratio14.1×+0.9×

Where this comes from

Calculated from IonQ’s reported figures.

Based on trailing twelve months.

The official record: IonQ’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is IonQ's gross margin?
IonQ (IONQ) reported gross margin of 34.6% in Q1 2026.
How has IonQ's gross margin changed year-over-year?
IonQ's gross margin decreased by 31.0% year-over-year, from 50.1% to 34.6%.
What is the long-term trend for IonQ's gross margin?
Over 4 years (2021 to 2025), IonQ's gross margin has grown at a -11.5% compound annual growth rate (CAGR), from -318.4% to 195.5%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.