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Netscout Systems vs IonQ: NTCT and IONQ compared
Netscout Systems is the larger company: $222M of revenue in its latest quarter (Q2 FY27) against $174M for IonQ (Q3 2026). IonQ is growing faster (+336% against +1% a year earlier). Netscout Systems is more profitable, with an operating margin of 16.9% against -249.1%.
Where the money goes: NTCT and IONQ
Netscout Systems (NTCT) · Q2 FY27
Netscout Systems, Q2 FY27: revenue $222M (+1% year over year), operating margin 16.9%, net earnings $34.4M, operating cash flow −$15.1M. The chart follows the revenue to costs, profit and cash.
IonQ (IONQ) · Q3 2026
IonQ, Q3 2026: revenue $174M (+336% year over year), operating margin -249.1%, net earnings $563M, operating cash flow −$316M. The chart follows the revenue to costs, profit and cash.
| Netscout Systems (NTCT) | IonQ (IONQ) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 2026 |
| Revenue | $222M | $174M |
| Revenue growth, Y/Y | +1% | +336% |
| Gross margin | 79.5% | — |
| Operating margin | 16.9% | -249.1% |
| Net earnings | $34.4M | $563M |
| Net margin | 15.5% | 323.9% |
| Operating cash flow | −$15.1M | −$316M |
| Market value | $3.0B | $13.3B |
| P/E | 25.1× | — |
| Analysts’ mean target | $46.50 | $60.27 |
Where the revenue comes from
Netscout Systems
- Service: $132M (60%)
- Product: $89.9M (40%)
IonQ
- CMOS Foundry: $53.8M (31%)
- Quantum Hardware: $52.9M (30%)
- Quantum Services: $37.4M (22%)
- Quantum Foundry and Advanced Technologies: $29.8M (17%)
Questions
Which is bigger, Netscout Systems or IonQ?
Netscout Systems is the larger company: $222M of revenue in its latest quarter (Q2 FY27) against $174M for IonQ (Q3 2026).
Is Netscout Systems or IonQ growing faster?
IonQ is growing faster (+336% against +1% a year earlier).
Which is more profitable, Netscout Systems or IonQ?
Netscout Systems is more profitable, with an operating margin of 16.9% against -249.1%.
More: Netscout Systems earnings · how Netscout Systems makes money · IonQ earnings · how IonQ makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.