IonQ (IONQ) Gross Margin (2021 - 2026)
IonQ (IONQ) recorded quarterly Gross Margin of 23.84% in Q1 2026, down 65.18% quarter-over-quarter from 68.46% in Q4 2025, and down 1913.0% on a YoY basis from 1.31% in Q1 2025.
IonQ (IONQ) 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 47.44% (down 1146.0% YoY), while the FY2025 annual figure was 58.89%, up 671.0% from the prior year.
- Gross Margin was 23.84% for Q1 2026 at IonQ, down from 68.46% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 90.36% in Q4 2024 to a low of 0.11% in Q4 2022.
- Historically, Gross Margin has averaged 47.19% across 5 years, with a median of 48.2% in 2023.
- Biggest YoY gain for Gross Margin was 90811 bps in 2022; the steepest drop was 18145 bps in 2022.
- A 5-year view of Gross Margin shows it stood at 0.11% in 2022, then jumped by 45773 bps to 48.2% in 2023, then jumped by 87 bps to 90.36% in 2024, then retreated by 24 bps to 68.46% in 2025, then slumped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 266.21 Bn | 254.69 Bn | 6.73 Bn | 20.16% |
| 2 | Sandisk | 230.78 Bn | 227.04 Bn | 4.66 Bn | 78.35% |
| 3 | Arista Networks | 194.03 Bn | 181.67 Bn | 1.68 Bn | 61.90% |
| 4 | Seagate Technology Holdings | 183.90 Bn | 182.75 Bn | 1.45 Bn | 46.50% |
| 5 | Western Digital | 175.01 Bn | 171.77 Bn | 1.68 Bn | 50.22% |
| 6 | Super Micro Computer | 24.90 Bn | 23.61 Bn | 1.02 Bn | 9.95% |
| 7 | Everpure | 23.71 Bn | 22.70 Bn | 740.09 Mn | 69.89% |
| 8 | Hp | 23.64 Bn | 19.93 Bn | 3.02 Bn | 20.93% |
| 9 | IonQ | 20.37 Bn | 18.35 Bn | 15.41 Mn | 23.84% |
| 10 | Logitech International | 16.58 Bn | 14.83 Bn | 483.28 Mn | 44.52% |
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% |