International Business Machines Corp

IBM: XNYS (USA)

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IBM Earnings: Near-Term Uncertainty Shadows Solid Portfolio Poised for Long-Term Growth

Luke Yang

Jul 24, 2025

IBM's second-quarter revenue grew 5% in constant currency to $17 billion, driven by consistent software growth and its new mainframe launch. Operating margin of 18.3% was 150 basis points higher than a year ago, ahead of management's expected full-year margin expansion of 100 basis points.

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International Business Machines Corp

IBM Earnings: Near-Term Uncertainty Shadows Solid Portfolio Poised for Long-Term Growth

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