Stock Analysis

International Business Machines Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

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International Business Machines (NYSE:IBM) Third Quarter 2022 Results

Key Financial Results
  • Revenue: US$14.1b (up 6.5% from 3Q 2021).
  • Net loss: US$3.21b (down by 410% from US$1.04b profit in 3Q 2021).
  • US$3.56 loss per share (down from US$1.16 profit in 3Q 2021).
NYSE:IBM Earnings and Revenue Growth November 4th 2022

All figures shown in the chart above are for the trailing 12 month (TTM) period

International Business Machines Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - International Business Machines has 4 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.

What are the risks and opportunities for International Business Machines?

International Business Machines Corporation provides integrated solutions and services worldwide.

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  • Trading at 32.8% below our estimate of its fair value

  • Earnings are forecast to grow 70.8% per year


  • Debt is not well covered by operating cash flow

  • Significant insider selling over the past 3 months

  • Profit margins (2.3%) are lower than last year (4.6%)

  • Large one-off items impacting financial results

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Share Price

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Further research on
International Business Machines

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International Business Machines

International Business Machines Corporation provides integrated solutions and services worldwide.

The Snowflake is a visual investment summary with the score of each axis being calculated by 6 checks in 5 areas.

Analysis AreaScore (0-6)
Future Growth4
Past Performance0
Financial Health1

Read more about these checks in the individual report sections or in our analysis model.

Established dividend payer with reasonable growth potential.