IBM said it posted $15.0 billion in revenue for Q3, $3.8 billion in Adjusted EBITDA, $2.5 billion in operating pre-tax income and $2.30 in operating diluted earnings per share. Revenue rose 2% at constant currency.

8-KRegulation FD DisclosureFiled Oct 24, 2024Period of report Oct 23, 2024Summary published (UTC) Oct 25, 2026

Key points

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IBM said it posted $15.0 billion in revenue for Q3, $3.8 billion in Adjusted EBITDA, $2.5 billion in operating pre-tax income and $2.30 in operating diluted earnings per share. Revenue rose 2% at constant currency.
The company said Software revenue grew 10% in Q3 (Red Hat grew 14%), Consulting was flat and Infrastructure fell 7%. It attributed the Infrastructure decline to product cycle dynamics.
The company said it generated $6.6 billion of free cash flow in the first 9 months, up $1.5 billion from a year earlier, and returned $4.6 billion to shareholders in dividends over the same period. It said it had about $14 billion in cash.
The company said it is confident in free cash flow for the full year of more than $12 billion and raised its full-year operating pre-tax margin expansion outlook to about 1 points. It said revenue growth in Q4 is expected to be similar to Q3 levels.

Summary

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Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q3 Revenue and Operating Profit Metrics

IBM said it posted $15.0 billion in revenue for Q3, $3.8 billion in Adjusted EBITDA, $2.5 billion in operating pre-tax income and $2.30 in operating diluted earnings per share. Revenue rose 2% at constant currency.

Source · Based on the filing body and exhibits

Segment Revenue Growth: Software 10%, Infrastructure 7% Decline

The company said Software revenue grew 10% in Q3 (Red Hat grew 14%), Consulting was flat and Infrastructure fell 7%. It attributed the Infrastructure decline to product cycle dynamics.

Source · Based on the filing body and exhibits

Nine-Month Free Cash Flow and Shareholder Returns

The company said it generated $6.6 billion of free cash flow in the first 9 months, up $1.5 billion from a year earlier, and returned $4.6 billion to shareholders in dividends over the same period. It said it had about $14 billion in cash.

Source · Based on the filing body and exhibits

Full-Year Free Cash Flow Outlook and Q4 Guidance

The company said it is confident in free cash flow for the full year of more than $12 billion and raised its full-year operating pre-tax margin expansion outlook to about 1 points. It said revenue growth in Q4 is expected to be similar to Q3 levels.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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