S&P, NASDAQ Build on Records. IBM, Honeywell Drag on Dow.
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IBM beat Wall Street estimates for second-quarter revenue and profit on Wednesday, but lower-than-expected sales in its mainstay software segment overshadowed a renewal in demand for the mainframe business spurred by AI upgrades.
IBM produced strong free cash flow guidance in its latest Q2 earnings release, expecting over $13.5 billion in FCF this year. That's 8.8% higher than 2024 and implies IBM stock could be worth 13% more at $294 per share.
The stock of IBM declined 6.1% in Thursday pre-market trading session after its Q2 software revenue fell short of consensus expectations.
IBM beat Wall Street estimates for second-quarter revenue and profit on Wednesday, helped by renewed sales in its mainframe business as artificial intelligence upgrades spurred demand for the systems,
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International Business Machines (NYSE:IBM) reported strong fiscal second-quarter 2025 results, beating Wall Street expectations across all primary metrics and reaffirming its full-year guidance. The stock is trading lower after the report.
IBM's revenue increased nearly 8% year over year in the quarter, according to a statement. Growth in the first quarter was below 1%. Net income, which includes costs related to acquisitions, rose to $2.19 billion, or $2.31 per share, from $1.83 billion, or $1.96 per share, a year ago.
The tech company’s investments in artificial intelligence are helping it stay agile as customers continue to shift their spending to keep up with a shifting macroeconomic environment.
IBM shares sank in intraday trading Thursday, as slightly weaker-than-expected software revenue growth is weighing on a second-quarter earnings report that largely topped estimates.
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