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International Business Machines (IBM)
NYSE:IBM
RESEARCH TOOLSreports
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
2.65Last Year’s EPS
2.43Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: 0.03%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Positive
The earnings call for IBM's first quarter of 2025 reflects a strong start with significant achievements in software growth, free cash flow generation, and AI expansion. However, challenges in infrastructure revenue and consulting, along with macroeconomic uncertainties, present potential risks.Company Guidance
In the first quarter of 2025, IBM exceeded expectations with $14.5 billion in revenue, driven by strong growth in software, which was up 9% with contributions from Red Hat (13%), automation (15%), data (7%), and transaction processing (2%). Generative AI initiatives generated over $6 billion in business, predominantly through consulting, which remains a key focus alongside hybrid cloud and AI strategies. Despite consulting revenue remaining flat, IBM maintained solid backlog growth and steady performance in transformational offerings. Infrastructure revenue saw a 4% decline, largely due to the end of the z16 program cycle, though future growth is anticipated with the launch of z17. IBM's strategic acquisitions, including HashiCorp, are expected to bolster its hybrid cloud strategy. Overall, IBM projects full-year revenue growth of 5%+ and free cash flow of over $13.5 billion, reflecting confidence in its diversified portfolio and ability to navigate economic uncertainties.Strong Start to 2025
IBM exceeded expectations for the quarter with solid revenue growth, profitability, and cash flow generation driven by its hybrid cloud and AI strategy.
Software Segment Growth
Software revenue grew by 9%, with strength across Red Hat, automation, data, and transaction processing.
Record Free Cash Flow
Generated $2 billion of free cash flow, marking the highest first-quarter free cash flow in many years.
Red Hat Growth
Red Hat delivered strong performance with 13% growth, driven by high teens bookings growth and OpenShift's 25% growth.
Generative AI Expansion
IBM's generative AI book of business grew by $1 billion in the quarter, reaching over $6 billion inception to date.
Mainframe Innovation
Announced the upcoming launch of z17, which delivers enhanced AI acceleration and new security features.
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IBM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IBM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 23, 2025 | $245.48 | $229.33 | -6.58% |
| Jan 29, 2025 | $227.12 | $256.56 | +12.96% |
| Oct 23, 2024 | $229.40 | $215.25 | -6.17% |
| Jul 24, 2024 | $179.80 | $187.58 | +4.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does International Business Machines (IBM) report earnings?
International Business Machines (IBM) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is International Business Machines (IBM) earnings time?
International Business Machines (IBM) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IBM EPS forecast?
IBM EPS forecast for the fiscal quarter 2025 (Q2) is 2.65.
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