Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. IonQ's Free Cash Flow for the
three
months ended in Jun. 2026 was CHF-91.1 Mil. IonQ's Revenue for the
three
months ended in Jun. 2026 was CHF64.0 Mil. Therefore, IonQ's FCF Margin % for the quarter that ended in Jun. 2026 was -142.37%.
The historical data trend for IonQ's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XSWX:IONQ vs QBTS, SMCI, RGTI: FCF Margin % Comparison
For the Computer Hardware subindustry, IonQ's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
IonQ FCF Margin % vs Hardware Industry
For the Hardware industry and Technology sector, IonQ's FCF Margin % distribution charts can be found below:
* The bar in red indicates where IonQ's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
IonQ (XSWX:IONQ) has a FCF Margin % of -142.37% as of Jun. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on IonQ and its competitors. According to the industry distribution chart, IonQ ranks #2407 out of 2477 companies in the Hardware industry, placing it in the top 97.2%.
Is IonQ's FCF Margin % too high?
IonQ's current FCF Margin % is -142.37%. Based on the distribution chart, IonQ ranks #2407 out of 2477 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, IonQ has a GF Score™ of 20/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does IonQ's FCF Margin % compare to QBTS and SMCI?
According to the Hardware industry distribution chart, IonQ ranks #2407 out of 2477 companies for FCF Margin %. This places IonQ in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Hardware company?
A good FCF Margin % depends on the Hardware industry context. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on IonQ and its competitors. IonQ's current FCF Margin % is -142.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IonQ stock overvalued right now?
Based on GuruFocus' analysis, IonQ (XSWX:IONQ) is currently considered Possible Value Trap. The stock's GF Value™ is CHF72.06, compared to a current price of CHF35.17 — trading 51.2% below its estimated fair value. The current FCF Margin % is -142.37%. IonQ's overall GF Score™ is 20/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For IonQ (XSWX:IONQ), the current FCF Margin % is -142.37% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is IonQ (XSWX:IONQ) Overvalued in 2026?
Based on GuruFocus' analysis, IonQ stock appears to be undervalued.
The current stock price of CHF35.17 is trading 51.2% below its estimated GF Value™ of CHF72.06.
GuruFocus considers IonQ to be Possible Value Trap.
Key valuation signals for XSWX:IONQ:
FCF Margin %: -142.37%
GF Value™: CHF72.06 vs. price of CHF35.17 (51.2% below fair value)
No single metric tells the full story. See the XSWX:IONQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The company currently makes access to its quantum computers available via cloud platforms and also to select customers via its own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (QCaaS). The company derives its revenue from its quantum-computing-as-a-service arrangements, consulting services related to co-developing algorithms on company's quantum computing systems and contracts associated with the design, development, and construction of specialized quantum computing systems together with related services.
20GF Score
Get the complete analysis for XSWX:IONQ
FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:IONQ has been successfully added to your 
