International Business Machines Future Growth

Future criteria checks 2/6

International Business Machines is forecast to grow earnings and revenue by 5% and 4% per annum respectively. EPS is expected to grow by 3.6% per annum. Return on equity is forecast to be 29.6% in 3 years.

Key information

5.0%

Earnings growth rate

3.6%

EPS growth rate

IT earnings growth	15.4%
Revenue growth rate	4.0%
Future return on equity	29.6%
Analyst coverage	Good
Last updated	20 Aug 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

BRSE:IBM - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	69,166	9,285	13,375	15,122	11
12/31/2025	66,143	8,540	12,662	14,720	19
12/31/2024	63,198	8,417	12,041	14,224	20
6/30/2024	62,363	8,404	12,095	13,753	N/A
3/31/2024	62,069	8,155	12,610	14,325	N/A
12/31/2023	61,860	7,514	12,121	13,931	N/A
9/30/2023	61,171	7,098	11,515	13,433	N/A
6/30/2023	60,526	2,170	10,298	12,278	N/A
3/31/2023	60,585	2,054	8,971	10,961	N/A
12/31/2022	60,530	1,782	8,463	10,435	N/A
9/30/2022	60,534	1,376	6,997	9,014	N/A
6/30/2022	59,678	5,627	7,530	9,826	N/A
3/31/2022	58,363	4,972	8,581	11,130	N/A
12/31/2021	57,351	4,713	10,028	12,796	N/A
9/30/2021	42,582	1,946	13,124	16,112	N/A
6/30/2021	46,892	2,608	14,537	17,684	N/A
3/31/2021	50,793	3,159	15,519	18,635	N/A
12/31/2020	55,179	3,932	14,967	18,197	N/A
9/30/2020	75,030	7,905	12,650	15,788	N/A
6/30/2020	75,497	7,879	12,126	15,122	N/A
3/31/2020	76,536	9,018	11,492	14,487	N/A
12/31/2019	57,714	7,146	11,863	14,770	N/A
9/30/2019	77,131	7,719	12,327	15,438	N/A
6/30/2019	77,858	8,738	12,736	16,051	N/A
3/31/2019	78,701	8,641	11,741	15,404	N/A
12/31/2018	79,591	8,723	11,283	15,247	N/A
9/30/2018	80,373	5,718	12,741	16,861	N/A
6/30/2018	80,771	5,751	12,053	16,199	N/A
3/31/2018	80,056	5,680	N/A	17,371	N/A
12/31/2017	79,139	5,758	N/A	16,724	N/A
9/30/2017	78,366	11,316	N/A	14,970	N/A
6/30/2017	78,439	11,445	N/A	15,517	N/A
3/31/2017	79,390	11,617	N/A	15,509	N/A
12/31/2016	79,919	11,881	N/A	17,084	N/A
9/30/2016	80,208	11,836	N/A	18,384	N/A
6/30/2016	80,261	11,943	N/A	18,503	N/A
3/31/2016	80,835	12,965	N/A	18,928	N/A
12/31/2015	81,741	13,364	N/A	17,255	N/A
9/30/2015	83,795	14,417	N/A	17,788	N/A
6/30/2015	86,913	14,911	N/A	17,456	N/A
3/31/2015	90,147	15,637	N/A	17,152	N/A
12/31/2014	92,793	15,751	N/A	16,868	N/A
9/30/2014	96,066	16,453	N/A	17,337	N/A
6/30/2014	97,007	17,137	N/A	17,193	N/A
3/31/2014	97,196	16,379	N/A	16,788	N/A
12/31/2013	98,368	16,881	N/A	17,485	N/A
9/30/2013	100,286	16,498	N/A	17,303	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: IBM's forecast earnings growth (5% per year) is above the savings rate (0.3%).

Earnings vs Market: IBM's earnings (5% per year) are forecast to grow slower than the Swiss market (12% per year).

High Growth Earnings: IBM's earnings are forecast to grow, but not significantly.

Revenue vs Market: IBM's revenue (4% per year) is forecast to grow slower than the Swiss market (4.5% per year).

High Growth Revenue: IBM's revenue (4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: IBM's Return on Equity is forecast to be high in 3 years time (29.6%)

International Business Machines Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

International Business Machines Corporation Provides Earnings Guidance for the Full Year 2024

International Business Machines Corporation Provides Earnings Guidance for the Year 2024

Recent updates

IBM Introduces New Generative AI-Powered Cybersecurity Assistant for Threat Detection and Response Services

Second quarter dividend of US$1.67 announced

IBM Declares Regular Quarterly Cash Dividend, Payable on September 10, 2024

Second quarter 2024 earnings released: EPS: US$1.99 (vs US$1.74 in 2Q 2023)

International Business Machines Corporation Provides Earnings Guidance for the Full Year 2024

International Business Machines Corporation (NYSE:IBM) completed the acquisition of webMethods Germany GmbH / StreamSets, Inc. from Software AG USA, Inc. and Software Aktiengesellschaft (XTRA:SOW).

IBM Unveils Next Chapter of watsonx with Open Source, Product & Ecosystem Innovations to Drive Enterprise AI at Scale

First quarter dividend of US$1.67 announced

IBM Declares Quarterly Cash Dividend, Payable on June 10, 2024

IBM Declares Quarterly Cash Dividend, Payable on June 10, 2024

International Business Machines Corporation (NYSE:IBM) entered into a definitive agreement to acquire HashiCorp, Inc. (NasdaqGS:HCP) for approximately $7.5 billion.

First quarter 2024 earnings released: EPS: US$1.72 (vs US$1.03 in 1Q 2023)

International Business Machines Corporation (NYSE:IBM) entered into a definitive agreement to acquire HashiCorp, Inc. (NasdaqGS:HCP) for $7.4 billion.

Rensselaer Polytechnic Institute and IBM Unveil the World's First IBM Quantum System One on A University Campus

International Business Machines Corporation, Annual General Meeting, Apr 30, 2024

Full year 2023 earnings released: EPS: US$8.25 (vs US$1.97 in FY 2022)

Insider recently sold CHF1.6m worth of stock

Fourth quarter dividend of US$1.66 announced

IBM Approves Regular Quarterly Cash Dividend, Payable on March 9, 2024

Full year 2023 earnings released: EPS: US$8.25 (vs US$1.97 in FY 2022)

International Business Machines Corporation Provides Earnings Guidance for the Year 2024

International Business Machines Corporation to Report Q3, 2024 Results on Oct 23, 2024

IBM Introduces IBM Consulting Advantage, an Ai Services Platform and Library of Assistants to Empower Consultants

IBM Announces Establishment of an Industry-Wide Open-Source Platform to Provide Interoperability Testing for Vehicle and Charging Network Operators and Others

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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