Overview

• IBM reported Q1 2025 earnings of $1.60 per share, exceeding the $1.40 analyst consensus, with revenue of $14.54 billion, slightly up year-over-year.
• The company maintained its full-year guidance for 5% constant-currency revenue growth and $13.5 billion in free cash flow.
• For the first time, IBM issued a Q2 revenue forecast of $16.40–$16.75 billion, surpassing analysts' estimates of $16.33 billion, to reassure investors during economic uncertainty.
• Software revenue grew 7% to $6.34 billion in Q1, while consulting and infrastructure segments declined by 2% and 6%, respectively.
• IBM closed its $6.4 billion acquisition of HashiCorp, announced plans to acquire DataStax, and settled lawsuits with GlobalFoundries.