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Sep 30, 2020
IBM Q3 2020 Earnings Report
IBM's cloud business drove revenue growth and gross margin expansion, while maintaining a solid balance sheet and liquidity.
Key Takeaways
IBM reported Q3 2020 earnings with a revenue of $17.6 billion, a decrease of 2.6 percent. However, the cloud business showed strong performance, with cloud revenue up 19 percent. The company also delivered gross profit margin expansion and generated solid free cash flow.
GAAP EPS from continuing operations was $1.89.
Operating (non-GAAP) EPS was $2.58.
Total cloud revenue was $6.0 billion, up 19 percent.
GAAP gross profit margin was 48 percent, up 180 basis points; Operating (non-GAAP) gross profit margin was 49 percent, up 160 basis points.
Forward Guidance
This document does not contain forward guidance.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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