智通财经7月24日电，IBM公布二季度财报后，美股盘后一度跌超6%。 ...

Core Insights - IBM reported quarterly earnings of $2.80 per share, exceeding the consensus estimate of $2.64, with quarterly revenue of $16.977 billion, surpassing the estimate of $16.576 billion [1][2] Revenue Performance - Total revenue reached $17 billion, reflecting an 8% increase, and a 5% increase at constant currency [4] - Software revenue increased by 10%, with an 8% increase at constant currency [4] - Consulting revenue grew by 3%, remaining flat at constant currency [4] - Infrastructure revenue rose by 14%, with an 11% increase at constant currency [4] Profitability Metrics - Gross Profit Margin (Non-GAAP) was 60.1%, up 230 basis points [4] - Pre-Tax Income Margin (Non-GAAP) stood at 18.8%, up 110 basis points [4] Cash Flow - Year-to-date net cash from operating activities amounted to $6.1 billion, with free cash flow of $4.8 billion [4] Future Outlook - The company raised its full-year outlook for free cash flow, now expected to exceed $13.5 billion [3]

Uh IBM beat on the top and bottom lines. Guidance is a raise on free cash flow. I I spoke with CEO Arvin Krishna about the quarter.We'll share what he told me, but first the numbers. Revenue was 16.98% billion versus 16.59% billion expected. Non-GAAP EPS $2.80% versus 264 expected.For the guide, IBM reaffirmed constant currency revenue growth of at least 5%, but said cash flow will be more than 13.5% billion. That's a change from about 13.5%. Here's what CEO Arvin Krishna told me about the quarter.On the se ...

IBM reported weaker-than-expected sales in its closely watched software segment, disappointing investors who have grown increasingly optimistic about the business https://t.co/vhTCmezZH4 ...

Core Insights - IBM's second-quarter results exceeded Wall Street projections, but shares fell by up to 5% in extended trading [1] - Revenue increased nearly 8% year-over-year, with net income rising to $2.19 billion or $2.31 per share [1] Revenue Breakdown - Software revenue grew about 10% to $7.39 billion, slightly below the $7.43 billion consensus [2] - Hybrid cloud revenue, including Red Hat, showed a 16% increase [2] - Consulting revenue rose almost 3% to $5.31 billion, surpassing the $5.16 billion consensus [2] - Infrastructure revenue increased by 14% to $4.14 billion, exceeding the $3.75 billion average estimate [2] Future Projections - IBM announced a projection of over $13.5 billion in free cash flow for 2025 and expects at least 5% revenue growth at constant currency for the year [3] - As of the latest close, IBM shares have risen 28% in 2025, compared to an 8% gain in the S&P 500 index [3] Earnings Performance - Adjusted earnings per share were $2.80, compared to the expected $2.64 [5] - Total revenue reported was $16.98 billion, exceeding the $16.59 billion expectation [5]

Exhibit 99.1 IBM RELEASES SECOND-QUARTER RESULTS Results led by Software and Infrastructure revenue growth; Strong margin expansion; Raises outlook for profit and free cash flow ARMONK, N.Y., July 23, 2025 . . . IBM (NYSE: IBM) today announced second-quarter 2025 earnings results. "We once again exceeded expectations for revenue, profit and free cash flow in the quarter. IBM remains highly differentiated in the market because of our deep innovation and domain expertise, both crucial in helping clients deplo ...

智通财经7月24日电，IBM二季度营收169.8亿美元，分析师预期156.9亿美元。 ...

Group 1 - IBM is scheduled to report their Q2 '25 financial results on July 23rd, 2025 [3] - Analyst consensus expects earnings per share of $2.64 [4] - Revenue is anticipated to be $16.59 billion [4] - Operating income is projected at $3.19 billion [4]

Core Insights - IBM is expected to report higher revenues in the Consulting segment due to increased demand for technology consulting and business transformation services in Q2 2025 [1] Group 1: Consulting Segment Performance - The Consulting segment includes Business Transformation, Technology Consulting, and Application Operations, providing value and innovation through industry and technology expertise [2] - Consulting revenues are projected to reach $5.21 billion, a slight increase from $5.18 billion in the same quarter last year [6][9] - Incremental revenues are anticipated from new AI features launched during the Masters tournament, which provided predictive analytics and data-backed recaps for golf fans [3][9] Group 2: Strategic Partnerships - IBM extended its partnership with Deutsche Bank, enhancing access to its software solutions, which will aid in the bank's digital transformation and process optimization [4] - A new contract with Finanz Informatik aims to modernize its infrastructure, improving cyber resilience and operational efficiency, likely contributing to Consulting segment revenues [5] Group 3: Overall Financial Expectations - The total revenue estimate for IBM stands at $16.58 billion, up from $15.77 billion in the prior-year quarter, with earnings expected to grow from $2.43 to $2.64 per share [7] - The model does not predict an earnings beat for IBM in Q2, with an Earnings ESP of +1.35% and a Zacks Rank of 4 (Sell) [8]

Core Insights - IBM is scheduled to release its earnings report on July 23, 2025, with historical data indicating a 63% probability of positive one-day returns following earnings releases, with a median return of 4.8% and a peak return of 13.0% [1][6]. Earnings Forecast - The current consensus for IBM's upcoming earnings is $2.66 per share on revenue of $16.58 billion, representing an increase from the previous year's earnings of $2.43 per share on revenue of $15.77 billion [2]. Financial Performance - IBM has a market capitalization of $265 billion, with revenue of $63 billion, operating income of $10 billion, and a net profit of $5.5 billion over the past twelve months [3]. Historical Earnings Data - Over the last five years, there have been 19 earnings data points, with 12 positive and 7 negative one-day returns, resulting in a 63% occurrence of positive returns. This percentage increases to 64% when considering the last three years [6]. Return Correlation - An analysis of the correlation between one-day, five-day, and twenty-one-day returns can provide insights for traders. If the one-day return is positive, traders may consider going long for the subsequent five days if a strong correlation exists [7].