IBM beats Q2 estimates on revenue and adjusted EPS, raises full-year outlook to $70.24 billion–$70.91 billion
AI Market Summary
IBM reported a Q2 revenue and adjusted EPS beat versus consensus, with software growth (+5% YoY) offsetting weaker infrastructure (-7%). Management raised full-year revenue guidance and expects free cash flow to increase by about $1B YoY, reinforcing confidence in its AI- and automation-driven productivity strategy. The earnings beat and higher outlook supported a positive after-hours stock reaction, signaling improved near-term fundamentals for IBM.
Impact level
● Medium
Affected assets
NCSKIBMR2USD/USDT+0.29%
AI Insight · NCSKIBMR2USD/USDTAI Insight
▲ Bullish
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IBM reported 2024 second-quarter revenue of $17.16 billion, above the $16.86 billion consensus estimate, and adjusted earnings of $2.93 per share, topping expectations of $2.86. Software revenue rose 5% year over year, while infrastructure revenue fell 7%. The company lifted its full-year revenue forecast to $70.24 billion–$70.91 billion and said free cash flow is expected to increase by about $1 billion from a year earlier. Shares gained 2.42% in after-hours trading following the release.
