earnings
confidence high
sentiment positive
materiality 0.75
IBM Q1 revenue $14.5B (+1% YoY), GAAP EPS $1.12, operating EPS $1.60; guidance maintained
INTERNATIONAL BUSINESS MACHINES CORP
2025-Q1 EPS reported
$1.12
revenue$14,541,000,000
- Revenue $14.5B up 1% (2% cc); Software +7% (9% cc), Consulting -2%, Infrastructure -6%.
- GAAP diluted EPS $1.12 (-34% YoY); operating (non-GAAP) diluted EPS $1.60 (-5%).
- GAAP gross margin 55.2% (+170bps); operating gross margin 56.6% (+190bps).
- Free cash flow $2.0B (+$0.1B); full-year FCF guidance maintained at ~$13.5B.
- Generative AI book of business >$6B inception-to-date, +$1B in Q1.