Gross Margin % is calculated as gross profit divided by its revenue. IonQ's Gross Profit for the
three
months ended in Dec. 2023 was $2.94 Mil. IonQ's Revenue for the
three
months ended in Dec. 2023 was $6.11 Mil. Therefore, IonQ's Gross Margin % for the quarter that ended in Dec. 2023 was 48.20%.
The historical rank and industry rank for IonQ's Gross Margin % or its related term are showing as below:
IONQ'
s Gross Margin % Range Over the Past 10 Years
Min: 50.45 Med: 63.22 Max: 73.55
Current: 63.22
During the past 4 years, the highestGross Margin % of IonQ was 73.55%. The lowest was 50.45%. And the median was 63.22%.
IONQ's Gross Margin % is ranked better than 94.79% of 2439
companies
in the Hardware industry
Industry Median: 24.41
vs IONQ: 63.22
IonQ had a gross margin of 48.20% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for IonQ was 0.00% per year.
IonQ Gross Margin % Historical Data
The historical data trend for IonQ's Gross 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.
For the Computer Hardware subindustry, IonQ's Gross Margin %, along with its competitors' market caps and Gross 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's Gross Margin % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, IonQ's Gross Margin % distribution charts can be found below:
* The bar in red indicates where IonQ's Gross 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
IonQ (NYSE:IONQ) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
IonQ had a gross margin of 48.20% for the quarter that ended in Dec. 2023 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
IonQ Gross Margin % Related Terms
Thank you for viewing the detailed overview of IonQ's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
IONQ has been successfully added to your 