IBM Latest Quarter's Earnings
Announce Date 04/23/2025
EPS Normalized Actual $1.6 (Beat by $0.18)
EPS GAAP Actual $1.6 (Beat by $0.18)
Revenue Actual $14.541B
Revenue Surprise Beat by $14541M
Upcoming Quarter's Earnings
Announce Date 06/30/2025 (Pre-Market)
EPS Normalized Estimate $2.40659
EPS GAAP Estimate $2.40659
Revenue Estimate $16.280485812B
Annual EPS Estimate
Fiscal Period Ending EPS Estimate Forward PE Low High # of Analysts
Dec 2029 13.47 18.53 13.07034 13.81958 1
Dec 2028 13.15 18.98 12.88854 13.39426 3
Quarterly EPS History
Period EPS Beat / Miss Revenue YoY Beat / Miss
FQ1 2025 (Mar 2025) 1.14 -0.45674 14.541B 0.54% -184.83M
FQ4 2024 (Dec 2024) 3.15 3.15 17.553B 0.98% 17553M
FQ3 2024 (Sep 2024) -0.36 -0.36 14.967B 1.43% 14967M
FQ2 2024 (Jun 2024) 1.99 1.99 15.77B 1.87% 15770M
FQ1 2024 (Mar 2024) 1.75 1.75 14.462B 1.45% 14462M
FQ4 2023 (Dec 2023) 3.59 3.59 17.381B 3.97% 17381M
FQ3 2023 (Sep 2023) 1.87 1.87 14.753B 4.38% 14753M
FQ2 2023 (Jun 2023) 1.74 1.74 15.475B -0.39% 15475M
Quarterly Estimates Summary

FQ4 Announce Date

06/30/2025 (Pre-Market)

Consensus EPS Estimates

2.40659

Consensus Revenue Estimates

16.280485812B

Consensus EPS Estimates
Fiscal Period Ending EPS Estimate YoY Growth(%) Low High # of Analysts
FQ3 2027 (Sep 2027) 2.51776 -- 2.49521 2.55459 3
FQ2 2027 (Jun 2027) 2.83441 -- 2.80902 2.87587 5
FQ1 2027 (Mar 2027) 1.48101 -- 1.46366 1.51698 4
FQ4 2026 (Oct 2026) 2.46916 -- 2.39277 2.50989 3
FQ3 2026 (Jul 2026) 2.53865 -- 2.46011 2.58052 3
FQ2 2026 (Jun 2026) 2.44654 -- 2.42313 2.47382 3
FQ1 2026 (Mar 2026) 1.63814 30.41 1.62246 1.65641 6
FQ4 2025 (Oct 2025) 2.51029 -25.48 2.43263 2.55169 4
FQ3 2025 (Jul 2025) 2.4096 114.94 2.33505 2.44934 4
FQ2 2025 (Jun 2025) 2.40659 17.31 2.38356 2.43343 4
Consensus Revenue Estimates
Fiscal Period Ending Revenue Estimate YoY Growth(%) Low High # of Analysts
FQ3 2027 (Sep 2027) 16.37B -- 16.26B 16.55B 3
FQ2 2027 (Jun 2027) 17.21B -- 17.09B 17.41B 3
FQ1 2027 (Mar 2027) 15.32B -- 15.18B 15.61B 5
FQ4 2026 (Oct 2026) 15.81B -- 15.43B 16.01B 4
FQ3 2026 (Jul 2026) 16.29B -- 15.9B 16.5B 6
FQ2 2026 (Jun 2026) 16.44B -- 16.32B 16.59B 6
FQ1 2026 (Mar 2026) 15.17B 4.13 15.05B 15.3B 4
FQ4 2025 (Oct 2025) 15.75B -11.41 15.38B 15.95B 3
FQ3 2025 (Jul 2025) 16.14B 7.28 15.76B 16.35B 5
FQ2 2025 (Jun 2025) 16.28B 3.14 16.16B 16.42B 5
Quarterly Estimates Revisions

EPS # of Up Revisions

4

EPS # of Down Revisions

4

Revenue # of Up Revisions

6

Revenue # of Down Revisions

3

Consensus EPS Revision Trend
Fiscal Period Ending EPS Estimate YoY Growth Low High # of Analysts
FQ4 2021 (Dec 2021) 0.41 -12.52% 0.39 0.48 20
FQ1 2022 (Mar 2022) 0.59 6.89% 0.55 0.62 15
FQ2 2022 (Jun 2022) 0.70 2.62% 0.61 0.74 15
FQ3 2022 (Sep 2022) 0.68 4.62% 0.65 0.70 15
Consensus Revenue Revision Trend
Fiscal Period Ending EPS Estimate YoY Growth Low High # of Analysts
FQ4 2021 (Dec 2021) 0.41 -12.52% 0.39 0.48 20
FQ1 2022 (Mar 2022) 0.59 6.89% 0.55 0.62 15
FQ2 2022 (Jun 2022) 0.70 2.62% 0.61 0.74 15
FQ3 2022 (Sep 2022) 0.68 4.62% 0.65 0.70 15
Earnings Surprise Summary

EPS # of Beats

6

EPS # of Misses

2

EPS # of in-lines

0

Revenue # of Beats

7

Revenue # of Misses

1

Revenue # of in-lines

0

Earnings Surprise (EPS) - Actual vs Consensus
Earnings Date EPS Estimate EPS Actual Surprise Surprise %
FQ1 2025 (Mar 2025) 1.59674 1.14 -0.45674 -40.06%
FQ4 2024 (Dec 2024) 3.15 3.15 100%
FQ3 2024 (Sep 2024) -0.36 -0.36 100%
FQ2 2024 (Jun 2024) 1.99 1.99 100%
FQ1 2024 (Mar 2024) 1.75 1.75 100%
FQ4 2023 (Dec 2023) 3.59 3.59 100%
FQ3 2023 (Sep 2023) 1.87 1.87 100%
FQ2 2023 (Jun 2023) 1.74 1.74 100%
Revenue Surprise - Actual vs Consensus
Earnings Date Revenue Estimate Revenue Actual Surprise Surprise %
FQ1 2025 (Mar 2025) $14.73B $14.54B $-184.83M -1.27%
FQ4 2024 (Dec 2024) $0B $17.55B $17553M 100%
FQ3 2024 (Sep 2024) $0B $14.97B $14967M 100%
FQ2 2024 (Jun 2024) $0B $15.77B $15770M 100%
FQ1 2024 (Mar 2024) $0B $14.46B $14462M 100%
FQ4 2023 (Dec 2023) $0B $17.38B $17381M 100%
FQ3 2023 (Sep 2023) $0B $14.75B $14753M 100%
FQ2 2023 (Jun 2023) $0B $15.48B $15475M 100%
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