Magnetic flux noise is a dominant source of dephasing and energy relaxation in superconducting qubits. The noise power spectral density varies with frequency as $1/f^alpha$ with $alpha sim 1$ and spans 13 orders of magnitude. Recent work indicates that the noise is from unpaired magnetic defects on the surfaces of the superconducting devices. Here, we demonstrate that adsorbed molecular O$_2$ is the dominant contributor to magnetism in superconducting thin films. We show that this magnetism can be suppressed by appropriate surface treatment or improvement in the sample vacuum environment. We observe a suppression of static spin susceptibility by more than an order of magnitude and a suppression of $1/f$ magnetic flux noise power spectral density by more than a factor of 5. These advances open the door to realization of superconducting qubits with improved quantum coherence.
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