IonQ (IONQ-WT) Gross Margin (2021 - 2026)
IonQ's quarterly Gross Margin came in at 23.84% in Q1 2026, down 1913.0% year-on-year from 1.31% in Q1 2025, and down 65.18% quarter-over-quarter from 68.46% in Q4 2025.
IonQ has reported Gross Margin for 6 years, with the latest figure at 23.84% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 1913.0% year-over-year to 23.84%; the trailing twelve-month figure through Mar 2026 stood at 47.44% (down 1146.0% YoY), and the FY2025 full-year result was 58.89%, up 671.0% from the prior year.
- Gross Margin for Q1 2026 stood at 23.84%, down from 68.46% in the prior quarter.
- The five-year high for Gross Margin was 90.36% in Q4 2024, with the low at 0.11% in Q4 2022.
- Average Gross Margin over 5 years is 47.19%, with a median of 48.2% recorded in 2023.
- Peak annual rise in Gross Margin reached 90811 bps in 2022, while the deepest fall reached 18145 bps in 2022.
- Tracing IONQ-WT's Gross Margin over 5 years: stood at 0.11% in 2022, then surged by 45773 bps to 48.2% in 2023, then surged by 87 bps to 90.36% in 2024, then decreased by 24 bps to 68.46% in 2025, then sank by 65 bps to 23.84% in 2026.
- The last three Gross Margin figures came in at 23.84% (Q1 2026), 68.46% (Q4 2025), and 46.69% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 284.11 Bn | 272.59 Bn | 6.73 Bn | 20.16% |
| 2 | Sandisk | 250.86 Bn | 247.12 Bn | 4.66 Bn | 78.35% |
| 3 | Arista Networks | 200.57 Bn | 188.21 Bn | 1.68 Bn | 61.90% |
| 4 | Seagate Technology Holdings | 190.92 Bn | 189.77 Bn | 1.45 Bn | 46.50% |
| 5 | Western Digital | 181.67 Bn | 178.44 Bn | 1.68 Bn | 50.22% |
| 6 | Super Micro Computer | 27.56 Bn | 26.27 Bn | 1.02 Bn | 9.95% |
| 7 | Everpure | 26.12 Bn | 25.11 Bn | 740.09 Mn | 69.89% |
| 8 | IonQ | 25.86 Bn | 23.84 Bn | 15.41 Mn | 23.84% |
| 9 | Hp | 25.04 Bn | 21.89 Bn | 2.84 Bn | 19.64% |
| 10 | IonQ | - | - | 15.41 Mn | 23.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.84% |
| Dec 31, 2025 | 68.46% |
| Sep 30, 2025 | 46.69% |
| Jun 30, 2025 | 59.76% |
| Mar 31, 2025 | 42.97% |
| Dec 31, 2024 | 90.36% |
| Sep 30, 2024 | 46.53% |
| Jun 30, 2024 | 50.59% |
| Mar 31, 2024 | 11.62% |
| Dec 31, 2023 | 48.20% |
| Sep 30, 2023 | 67.28% |
| Jun 30, 2023 | 65.53% |
| Mar 31, 2023 | 75.82% |
| Dec 31, 2022 | 0.11% |
| Sep 30, 2022 | 28.74% |
| Jun 30, 2022 | 71.55% |
| Mar 31, 2022 | 4.20% |
| Dec 31, 2021 | 181.55% |
| Sep 30, 2021 | -0.43% |
| Jun 30, 2021 | -836.56% |
| Mar 31, 2021 | -44.80% |