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International Business Machines (DE:IBM)
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International Business Machines (IBM) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Oct 22, 2025
After Close (Confirmed)
Period Ending
2025 (Q3)
Consensus EPS Forecast
2.11
Last Year’s EPS
1.99
Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings

Earnings Call Summary

Q2 2025
Earnings Call Date:Jul 23, 2025|
% Change Since: -13.28%|
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance and growth in key areas such as software, infrastructure, and AI. Despite challenges in consulting revenue and a decline in transaction processing, IBM's overall performance exceeded expectations, leading to increased guidance for free cash flow.
Company Guidance -
Q3 2025
During IBM's second quarter 2025 earnings call, the company reported solid performance, exceeding expectations across several key metrics. Revenue grew over 5% at constant currency, with software and infrastructure leading the way. Specifically, Red Hat saw a 14% growth, and IBM Z infrastructure reported a 67% increase, showcasing strong demand for the new z17 mainframe. The company raised its full-year free cash flow guidance to above $13.5 billion, reflecting confidence in sustained profitability. IBM's software annual recurring revenue (ARR) grew to $22.7 billion, up 10% year-over-year, while consulting revenue remained flat due to a dynamic demand environment. The company is also focused on artificial intelligence (AI) and hybrid cloud strategies, with a GenAI book of business reaching $7.5 billion inception-to-date, indicating momentum in AI-driven transformation across its client base.
Solid Overall Financial Performance
IBM delivered $17 billion in revenue, $4.7 billion of adjusted EBITDA, $3.2 billion of operating pretax income, and operating earnings per share of $2.80. The company generated $4.8 billion of free cash flow, its highest first half free cash flow margin in many years.
Software and Infrastructure Growth
Software grew 8% with notable growth in Red Hat at 14%. Infrastructure revenue grew 11%, with Hybrid Infrastructure up 19%. IBM Z was up 67%, driven by the strong start of the z17 program.
Red Hat and Automation Success
Red Hat growth accelerated to 14%, with OpenShift revenue growing more than 20%. Automation grew 14%, with HashiCorp off to a strong start, reflecting IBM's global reach and product synergies.
AI and GenAI Business Momentum
IBM's GenAI book of business stands at over $7.5 billion inception-to-date, with significant demand for AI agents, assistants, and consulting services to deploy AI.
Increased Free Cash Flow Guidance
IBM raised its expectations for free cash flow to above $13.5 billion for the year, reflecting strong performance and confidence in sustainable growth.

International Business Machines (DE:IBM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

DE:IBM Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Oct 22, 2025
2025 (Q3)
2.11 / -
1.989
Jul 23, 2025
2025 (Q2)
2.29 / 2.42
2.10115.23% (+0.32)
Apr 23, 2025
2025 (Q1)
1.23 / 1.38
1.453-4.76% (-0.07)
Jan 29, 2025
2024 (Q4)
3.27 / 3.39
3.3471.29% (+0.04)
Oct 23, 2024
2024 (Q3)
1.92 / 1.99
1.9024.55% (+0.09)
Jul 24, 2024
2024 (Q2)
1.88 / 2.10
1.88511.47% (+0.22)
Apr 24, 2024
2024 (Q1)
1.38 / 1.45
1.17623.53% (+0.28)
Jan 24, 2024
2023 (Q4)
3.28 / 3.35
3.1137.50% (+0.23)
Oct 25, 2023
2023 (Q3)
1.84 / 1.90
1.56521.55% (+0.34)
Jul 19, 2023
2023 (Q2)
1.74 / 1.89
1.998-5.63% (-0.11)
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

DE:IBM Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jul 23, 2025
€242.28€218.69-9.74%
Apr 23, 2025
€213.34€197.55-7.40%
Jan 29, 2025
€213.16€242.47+13.75%
Oct 23, 2024
€209.30€196.22-6.25%
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.

FAQ

When does International Business Machines (DE:IBM) report earnings?
International Business Machines (DE:IBM) is schdueled to report earning on Oct 22, 2025, After Close (Confirmed).
    What is International Business Machines (DE:IBM) earnings time?
    International Business Machines (DE:IBM) earnings time is at Oct 22, 2025, After Close (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 the P/E ratio of International Business Machines stock?
          The P/E ratio of International Business Machines is N/A.
            What is DE:IBM EPS forecast?
            DE:IBM EPS forecast for the fiscal quarter 2025 (Q3) is 2.11.

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