IBM Earnings
International Business Machines Corp
$
239.100
- Overview
- Forecast
- Valuation
- Earnings
Earning Analysis
Welcome to our in-depth analysis of International Business Machines Corp(IBM) earnings, offering investors a detailed look into the company’s financial performance, revenue trends, earnings per share (EPS), and market reactions. This page provides a comprehensive overview of International Business Machines Corp earnings history, forecasts, and key financial metrics, empowering you with the data needed to make informed investment decisions. Whether you're tracking quarterly results, analyzing earnings surprises, or exploring future projections, our detailed breakdown covers it all.
Earnings Forecast
Revenue
EPS
Currency: USD
Actual
Estimate
Surprise Analysis
| FY2025Q2 | 2025-07-23 | After Hours | 2.64 | 2.80 | +6.06 | 16.59B | 16.98B | +2.32 | -7.62 | -6.95 |
| FY2025Q1 | 2025-04-23 | After Hours | 1.42 | 1.60 | +12.68 | 14.39B | 14.54B | +1.05 | -6.58 | -2.48 |
| FY2024Q4 | 2025-01-29 | After Hours | 3.73 | 3.92 | +5.09 | 17.55B | 17.55B | +0.04 | +12.96 | +15.16 |
| FY2024Q3 | 2024-10-23 | After Hours | 2.27 | 2.30 | +1.32 | 15.08B | 14.97B | -0.71 | -6.17 | -11.97 |
| FY2024Q2 | 2024-07-24 | - | 2.16 | 2.43 | +12.50 | 15.62B | 15.77B | +0.94 | -0.04 | +3.77 |
| FY2024Q1 | 2024-04-24 | - | 1.59 | 1.68 | +5.66 | 14.56B | 14.46B | -0.64 | +1.05 | -8.78 |
| FY2023Q4 | 2024-01-24 | - | 3.78 | 3.87 | +2.38 | 17.30B | 17.38B | +0.48 | -0.01 | +8.01 |
| FY2023Q3 | 2023-10-25 | - | 2.12 | 2.20 | +3.77 | 14.73B | 14.75B | +0.12 | -0.52 | +4.97 |
| - | 2023-07-19 | - | 2.00 | 2.18 | +9.00 | - | - | - | +0.09 | +3.67 |
| - | 2023-04-19 | - | 1.27 | 1.36 | +7.09 | - | - | - | -1.14 | -1.48 |
IBM Earnings Analysis
Our earnings analysis provides a granular look at the company’s performance across recent fiscal quarters, highlighting key metrics such as revenue, EPS, and operating margins. By examining actual results against analyst estimates, we uncover trends and surprises that drive stock price movements, offering valuable insights for both short-term traders and long-term investors.
In the most recent quarter, International Business Machines Corp reported performance for FY2025Q2, announced on 2025-07-23. The company achieved an EPS of 2.80, compared to analyst estimates of 2.64 by 6.06% . Revenue for the quarter reached 16.98B compared to expectations of 16.59B by 2.32% .
The stock price reacted with a -7.62% one-day change and a -6.95% five-day change following the earnings release. These movements reflect market reaction in International Business Machines Corp growth trajectory and strategic initiatives.
IBM Earnings Forecast
Looking ahead, International Business Machines Corp(IBM) remains a focal point for investors seeking growth opportunities. Analyst forecasts for 2025/Q3 project quarter revenue of 16.11B and an EPS of 2.45.
However, recent estimate revisions provide additional context. Over the past three months, revenue estimates for FY2025 have been Revise Upward by 0.92%, while EPS estimates have been Revise Upward by 1.69%. For the upcoming Q3 2025, revenue estimates have been adjusted Revise Upward by 0.55% . These revisions correlate with a -5.75% change in stock price over the same period, suggesting potential buying opportunities for investors who believe in International Business Machines Corp long-term fundamentals.
The relationship between earnings forecast revisions and stock price movements is critical for investors. Positive revisions in revenue or EPS often signal strengthening fundamentals, making temporary price dips attractive entry points. Conversely, downward revisions may reflect short-term challenges.
Estimate Revision
The chart shows the correlation between IBM's stock price and earnings forecast revisions. Positive revisions in Revenue or EPS often strengthen the stock's fundamentals, making price dips potential buying opportunities.
Revenue Estimates for FY2025
Revise Upward
+0.92%
In Past 3 Month
EPS Estimates for FY2025
Revise Upward
+1.69%
In Past 3 Month
Revenue Estimates for Q3 2025
Revise Upward
+0.55%
In Past 3 Month
Stock Price
Go Down
-5.75%
In Past 3 Month
1Y
3Y
5Y
Annual FY 2025
Currency: USD
1Y
3Y
5Y
--
Revenue Estimate-Annual FY 2025:66.75B
--
EPS Estimate-Annual FY 2025:11.10
—
Stock Price239.10
IBM Revenue and EPS Performance: A Historical Perspective
International Business Machines Corp revenue and earnings per share (EPS) performance over recent quarters provides a clear picture of its financial health. Below is a detailed breakdown of the company’s earnings history, showcasing actual results, analyst estimates, and surprise percentages for key fiscal quarters:
FY2025Q2 (2025-07-23,After Hours):
EPS: 2.80 (Actual) vs.2.64 (Estimate) (6.06%)
Revenue: 16.98B (Actual) vs. 16.59B (Estimate) (2.32%)
Price Reaction: -7.62%(1-Day), -6.95%(5-Day)
FY2025Q1 (2025-04-23,After Hours):
EPS: 1.60 (Actual) vs.1.42 (Estimate) (12.68%)
Revenue: 14.54B (Actual) vs. 14.39B (Estimate) (1.05%)
Price Reaction: -6.58%(1-Day), -2.48%(5-Day)
FY2024Q4 (2025-01-29,After Hours):
EPS: 3.92 (Actual) vs.3.73 (Estimate) (5.09%)
Revenue: 17.55B (Actual) vs. 17.55B (Estimate) (0.04%)
Price Reaction: 12.96%(1-Day), 15.16%(5-Day)
Earnings Reaction
The chart below shows how IBM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IBM sees a -1.37% change in stock price 10 days leading up to the earnings, and a +0.79% change 10 days following the report. On the earnings day itself, the stock moves by +0.29%. This data can give you a slight idea of what to expect for the next quarter's release.
For example, in JUN/2025, the stock changed -7.62% on the day following the earnings release and then changed by -10.54% over the next 10 days. These patterns provide investors with valuable insights into potential price movements and help inform trading strategies around earnings events.
Transcript Summary
International Business Machines Corp (IBM) Q2 2025 Earnings Call Summary
Positive
2025-07-23
The earnings call summary and Q&A indicate strong infrastructure and hybrid cloud growth, improved margins, and strategic AI initiatives. Although consulting revenue was flat, there is optimism in software growth and strategic partnerships. The cautious stance on guidance tempers expectations slightly, but overall, the positive performance and strategic positioning suggest a positive stock price movement.
International Business Machines Corp (IBM) Q4 2024 Earnings Call Summary
Positive
2025-01-31
The earnings call summary and Q&A highlight strong financial performance, including record free cash flow and revenue growth in software and AI. Despite some concerns about consulting and infrastructure, the positive outlook for 2025, with strong cash flow and strategic M&A plans, supports a positive sentiment. The substantial shareholder returns and optimistic guidance further bolster this view, suggesting a likely positive stock price movement.
International Business Machines Corporation (IBM) Q3 2024 Earnings Call Summary
Positive
2024-10-24
The earnings call summary suggests a positive outlook for IBM. Financial performance shows growth in key areas like software, with Red Hat revenue up 14% and positive operating income growth. The Q&A reveals optimism for future consulting growth, supported by a solid bill-to-book ratio. Despite some challenges in consulting and infrastructure, IBM's strategic partnerships, AI initiatives, and free cash flow guidance bolster confidence. The shareholder return plan remains stable with dividends. Overall, the sentiment is positive, suggesting a stock price increase of 2% to 8% over the next two weeks.
International Business Machines Corporation (IBM) Q2 2024 Earnings Call Summary
Positive
2024-07-25
The earnings call summary indicates strong financial performance with revenue and EPS growth, operating margin expansion, and increased free cash flow. The strategic acquisition of HashiCorp and partnerships with industry leaders bolster IBM's hybrid cloud and AI capabilities. The Q&A session reveals confidence in transaction processing growth and AI investments, despite some uncertainties in consulting. The raised free cash flow guidance and shareholder returns add positivity. While consulting faces challenges, IBM's overall outlook remains optimistic, suggesting a stock price increase in the next two weeks.
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FAQ
What were the key highlights of IBM’s latest earnings report for FY2025Q2?
IBM reported its FY2025Q2 earnings on 2025-07-23, showcasing a revenue of 16.98B against an estimate of 16.59B, resulting in a 2.32% surprise. The EPS was 2.8, surpassing the expected 2.64 by 6.06% . The stock experienced a -7.62% price change on the earnings day and a -6.95% change over the next five days, reflecting market reactions to the results.
How did IBM’s stock price react after the FY2025Q2 earnings release?
What are the revenue and EPS estimates for IBM for 2025/Q3?
How does IBM’s stock price correlate with earnings forecast revisions?
What should investors expect from IBM’s next earnings report?