IonQ (IONQ-WT) Gross Margin (2021 - 2026)
IonQ (IONQ-WT) posted quarterly Gross Margin of 23.84% for Q1 2026, down 1913.0% year-over-year from 1.31% in Q1 2025, and down 19.38% quarter-over-quarter from 29.56% in Q4 2025.
IonQ (IONQ-WT) Gross Margin (2021 - 2026) Analysis & Trends
IonQ's Gross Margin history runs 6 years deep, the most recent figure standing at 23.84% for Q1 2026.
- In Q1 2026, Gross Margin fell 1913.0% year-over-year to 23.84%; the TTM figure through Mar 2026 stood at 34.57% (down 1550.0% YoY), while the FY2025 annual figure was 40.4%, down 1178.0% from the prior year.
- Gross Margin for Q1 2026 stood at 23.84%, down from 29.56% in the prior quarter.
- The five-year high for Gross Margin was 76.33% in Q4 2022, with the low at 23.84% in Q1 2026.
- The 5-year median for Gross Margin is 56.92% (2024), against an average of 56.58%.
- The sharpest annual moves came in 2022 and 2023: Gross Margin surged 32316 bps in 2022, then plunged 2813 bps in 2023.
- IonQ's Gross Margin stood at 76.33% in 2022, then slumped by 37 bps to 48.2% in 2023, then rose by 18 bps to 56.92% in 2024, then tumbled by 48 bps to 29.56% in 2025, then retreated by 19 bps to 23.84% in 2026.
- Business Quant data shows IONQ-WT's Gross Margin at 23.84% in Q1 2026, 29.56% in Q4 2025, and 46.69% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 278.57 Bn | 266.99 Bn | 7.78 Bn | 17.75% |
| 2 | Arista Networks | 232.75 Bn | 220.40 Bn | 1.68 Bn | 61.90% |
| 3 | Sandisk | 190.63 Bn | 186.89 Bn | 4.66 Bn | 78.35% |
| 4 | Seagate Technology Holdings | 186.50 Bn | 185.35 Bn | 1.45 Bn | 46.50% |
| 5 | Western Digital | 184.00 Bn | 180.76 Bn | 1.68 Bn | 50.22% |
| 6 | Everpure | 26.61 Bn | 25.11 Bn | 723.33 Mn | 68.70% |
| 7 | Hp | 24.78 Bn | 21.08 Bn | 3.02 Bn | 20.93% |
| 8 | Super Micro Computer | 17.22 Bn | 15.93 Bn | 1.02 Bn | 9.95% |
| 9 | Logitech International | 16.90 Bn | 15.15 Bn | 607.94 Mn | 49.54% |
| 10 | IonQ | 10.24 Bn | 8.22 Bn | 15.41 Mn | 23.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.84% |
| Dec 31, 2025 | 29.56% |
| Sep 30, 2025 | 46.69% |
| Jun 30, 2025 | 59.76% |
| Mar 31, 2025 | 42.97% |
| Dec 31, 2024 | 56.92% |
| Sep 30, 2024 | 47.46% |
| Jun 30, 2024 | 50.59% |
| Mar 31, 2024 | 54.97% |
| Dec 31, 2023 | 48.20% |
| Sep 30, 2023 | 67.28% |
| Jun 30, 2023 | 65.53% |
| Mar 31, 2023 | 75.82% |
| Dec 31, 2022 | 76.33% |
| Sep 30, 2022 | 73.47% |
| Jun 30, 2022 | 71.55% |
| Mar 31, 2022 | 70.92% |
| Dec 31, 2021 | 81.92% |
| Sep 30, 2021 | -0.43% |
| Jun 30, 2021 | -251.61% |