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International Business Machines IBM Infrastructure — Revenue

Other segment segments

Software
$7.05B+11.3%
Consulting
$5.27B+4.0%
Financing
$191M

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Other financials

Income statement

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Revenue$15.9B+9.5%
Gross profit$9.9B-0.7%
Net income$1.2B+15.3%
EPS (diluted)$2.27-1.7%

Balance sheet

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Cash & equivalents$10.9B-2.7%
Total debt$77.4B+4.9%
Total equity$33.0B+22.7%
Total assets$156.23B+7.3%

Cash flow

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Operating cash flow$2.6B+52.7%
CapEx-$975.0M-564%
Free cash flow$1.6B+8.8%

Valuation

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Market cap$222.27B-5.4%
Enterprise value$288.76B+0.3%

Profitability

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Gross margin58.4%+1.3pp
Net margin15.6%+6.9pp
FCF margin18.7%-1.3pp

Returns & leverage

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Return on equity35.9%+14.1pp
Debt / equity2.3×-0.4×
Current ratio0.8×-0.2×

Where this comes from

Reported directly by International Business Machines in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: International Business Machines’s 10-Q, filed April 23, 2026.

Filed
Apr 23, 2026, 6:22 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000051143-26-000038
($ in millions) / For the three months ended March 31:20262025
Intelligent Operations2,3762,286
Total Consulting$5,272$5,068
Hybrid Infrastructure2,1081,646
Infrastructure Support1,2181,240
Total Infrastructure$3,326$2,886
Financing (1)220191
Other (2)4861
Total revenue$15,917$14,541

Item 1. Consolidated Financial Statements (Unaudited)

FAQ

What is International Business Machines's infrastructure — revenue?
International Business Machines (IBM) reported infrastructure — revenue of $3.33B in Q1 2026.
How has International Business Machines's infrastructure — revenue changed year-over-year?
International Business Machines's infrastructure — revenue increased by 15.2% year-over-year, from $2.89B to $3.33B.
What does infrastructure — revenue mean?
This metric represents the total gross income generated by the Infrastructure business segment from the sale of hardware, related support services, and hybrid cloud solutions. It reflects the segment's ability to capture market demand for enterprise-grade computing and storage infrastructure. As a core business unit, it serves as a primary indicator of the company's hardware-centric market footprint.

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