Net margin is calculated as Net Income divided by its Revenue. IonQ's Net Income for the
three
months ended in Mar. 2026 was CHF805.4 Mil. IonQ's Revenue for the
three
months ended in Mar. 2026 was CHF64.7 Mil. Therefore, IonQ's net margin for the quarter that ended in Mar. 2026 was 1,245.38%.
The historical rank and industry rank for IonQ's Net Margin % or its related term are showing as below:
XSWX:IONQ'
s Net Margin % Range Over the Past 10 Years
Min: -5058.89 Med: -715.77 Max: 174.88
Current: 174.88
XSWX:IONQ's Net Margin % is ranked better than 99.64% of 2476
companies
in the Hardware industry
Industry Median: 2.695
vs XSWX:IONQ: 174.88
IonQ (XSWX:IONQ) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
IonQ Net Margin % Related Terms
IonQ Net Margin % Historical Data
* Premium members only.
The historical data trend for IonQ's Net 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 Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Hardware Industry
For the Hardware industry and Technology sector, IonQ's Net Margin % distribution charts can be found below:
* The bar in red indicates where IonQ's Net 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 Net Margin % of 1,245.38% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on IonQ and its competitors. According to the industry distribution chart, IonQ ranks #9 out of 2476 companies in the Hardware industry, placing it in the top 0.40000000000001%.
Is IonQ's Net Margin % too high?
IonQ's current Net Margin % is 1,245.38%. The Hardware industry median Net Margin % is 2.70. IonQ's value of 1,245.38% is 46110.8% above this industry median. Based on the distribution chart, IonQ ranks #9 out of 2476 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, IonQ has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does IonQ's Net Margin % compare to ?
According to the Hardware industry distribution chart, IonQ ranks #9 out of 2476 companies for Net Margin %. This places IonQ in the top 0% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.70. IonQ's value of 1,245.38% is 46110.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Hardware company?
The median Net Margin % among Hardware companies is 2.70, based on 2,476 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IonQ's current Net Margin % of 1,245.38% is 46110.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on IonQ and its competitors. For the Hardware industry, the median Net Margin % is 2.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IonQ's current Net Margin % is 1,245.38%. 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?
IonQ (XSWX:IONQ) has a current Net Margin % of 1,245.38%. The stock's GF Value™ is CHF72.74, compared to a current price of CHF40.79 — trading 43.9% below its estimated fair value. The current Net Margin % is 1,245.38% and 46110.8% above the Hardware industry median of 2.70. IonQ's overall GF Score™ is 52/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For IonQ (XSWX:IONQ), the current Net Margin % is 1,245.38% as of Mar. 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 CHF40.79 is trading 43.9% below its estimated GF Value™ of CHF72.74.
Key valuation signals for XSWX:IONQ:
Net Margin %: 1,245.38%
GF Value™: CHF72.74 vs. price of CHF40.79 (43.9% below fair value)
Industry Position: 46110.8% above the Hardware median (#9 of 2476)
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.
52GF Score
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