IBM said Q3 revenue growth accelerated to 7%, with all segments accelerating sequentially. The company said Adjusted EBITDA margin expanded by 290 basis points and Adjusted EBITDA grew 22%.

1. 01

   IBM said Q3 revenue growth accelerated to 7%, with all segments accelerating sequentially. The company said Adjusted EBITDA margin expanded by 290 basis points and Adjusted EBITDA grew 22%.

2. 02

   IBM said Q3 Software revenue grew 9% and Automation increased 22%. The company said Infrastructure grew 15% and IBM Z revenue increased 59% year over year.

3. 03

   IBM said it generated free cash flow of $7.2 billion in the first 9 months of the year, up about $600 million year over year. The company said cash at the end of Q3 was $14.9 billion, debt balance was $63.1 billion, including $11.3 billion of debt for its financing business.

4. 04

   IBM said it expects 2025 revenue growth of more than 5%, Adjusted EBITDA growth in the mid-teens, and free cash flow of about $14 billion. The company said it is raising its full-year operating pre-tax margin expansion to over 1 point.

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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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