NYSE$IBM
International Business Machines Corporation (IBM) · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
IBM's first-quarter results for 2020 reflected the impact of items related to the Red Hat acquisition and showed continued cloud revenue growth, gross margin expansion and a strong balance sheet.
IBM reported first-quarter 2020 earnings with a revenue of $17.6 billion, a decrease of 3.4 percent. The diluted EPS was $1.31, and the operating (non-GAAP) EPS was $1.84. Total cloud revenue was $5.4 billion, up 19 percent. IBM is withdrawing its full-year 2020 guidance due to the COVID-19 crisis.
- GAAP EPS from continuing operations was $1.31.
- Operating (non-GAAP) EPS was $1.84.
- Revenue was $17.6 billion, down 3.4 percent (up 0.1 percent adjusting for divested businesses and currency).
- Total cloud revenue was $5.4 billion, up 19 percent (up 23 percent adjusting for divested businesses and currency).
Headline financials
Revenue & EPS history
IBM · Revenue · Quarterly
$17.6B
Forward guidance
IBM is withdrawing its full-year 2020 guidance in light of the current COVID-19 crisis. The company will reassess this position based on the clarity of the macroeconomic recovery at the end of the second quarter.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
-0.8%
Avg return
Earnings day
+0.2%
Avg return
5 days after
-0.5%
Avg return
30 days after
41%
30 / 73 earnings
Positive
+13.0%
Q4 2024
Best reaction
-10.3%
Q3 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.1% | -7.5% | +0.8% | |
| Q4 2025 | -3.0% | +0.1% | -18.3% | |
| Q3 2025 | +4.0% | +8.7% | +3.5% | |
| Q2 2025 | +1.1% | +2.3% | +6.9% | |
| Q1 2025 | -6.6% | -2.5% | +5.4% | |
| Q4 2024 | +13.0% | +15.7% | +10.4% | |
| Q3 2024 | -6.0% | -8.3% | -4.0% | |
| Q2 2024 | +4.3% | +4.0% | +6.5% | |
| Q1 2024 | -7.3% | -8.1% | -6.2% | |
| Q4 2023 | +9.5% | +7.6% | +6.8% | |
| Q3 2023 | +4.3% | +3.5% | +12.6% | |
| Q2 2023 | +2.2% | +3.1% | +4.5% | |
| Q1 2023 | -1.1% | -1.9% | -0.4% | |
| Q4 2022 | -5.0% | -4.4% | -7.7% | |
| Q3 2022 | +4.4% | +7.9% | +20.1% | |
| Q2 2022 | -6.5% | -8.3% | -1.5% | |
| Q1 2022 | +9.6% | +9.6% | +2.8% | |
| Q4 2021 | +5.2% | +4.0% | -5.6% | |
| Q3 2021 | -9.6% | -10.1% | -14.5% | |
| Q2 2021 | +0.8% | +1.8% | +0.4% | |
| Q1 2021 | +3.4% | +6.6% | +7.2% | |
| Q4 2020 | -8.8% | -5.8% | -8.5% | |
| Q3 2020 | -6.8% | -7.9% | -7.3% | |
| Q2 2020 | +0.8% | +0.5% | -1.0% | |
| Q1 2020 | -2.8% | +3.8% | +1.0% | |
| Q4 2019 | +4.0% | +1.6% | +9.3% | |
| Q3 2019 | -6.1% | -7.3% | -6.0% | |
| Q2 2019 | +4.3% | +4.3% | -6.8% | |
| Q1 2019 | -3.3% | -2.5% | -5.6% | |
| Q4 2018 | +7.3% | +8.2% | +11.3% | |
| Q3 2018 | -5.0% | -8.5% | -14.0% | |
| Q2 2018 | +4.0% | +1.5% | +1.8% | |
| Q1 2018 | -5.8% | -8.2% | -8.5% | |
| Q4 2017 | -3.7% | -1.4% | -7.4% | |
| Q3 2017 | +8.6% | +10.4% | +1.6% | |
| Q2 2017 | -3.6% | -3.9% | -8.0% | |
| Q1 2017 | -5.5% | -6.3% | -11.9% | |
| Q4 2016 | +2.2% | +5.5% | +8.3% | |
| Q3 2016 | -2.4% | -3.1% | +3.1% | |
| Q2 2016 | -0.1% | +1.4% | +0.4% | |
| Q1 2016 | -5.1% | — | — | |
| Q4 2015 | -6.3% | — | — | |
| Q3 2015 | -6.5% | — | — | |
| Q2 2015 | -5.5% | — | — | |
| Q1 2015 | +2.2% | — | — | |
| Q4 2014 | -3.2% | — | — | |
| Q3 2014 | -10.3% | — | — | |
| Q2 2014 | +0.1% | — | — | |
| Q1 2014 | -3.6% | — | — | |
| Q4 2013 | -4.1% | — | — | |
| Q3 2013 | -5.3% | — | — | |
| Q2 2013 | +2.1% | — | — | |
| Q1 2013 | -9.4% | — | — | |
| Q4 2012 | +5.3% | — | — | |
| Q3 2012 | -4.0% | — | — | |
| Q2 2012 | +6.4% | — | — | |
| Q1 2012 | -1.3% | — | — | |
| Q4 2011 | -0.4% | — | — | |
| Q3 2011 | -0.2% | — | — | |
| Q2 2011 | -1.3% | — | — | |
| Q1 2011 | +0.4% | — | — | |
| Q4 2010 | -2.8% | — | — | |
| Q2 2010 | -2.8% | — | — | |
| Q3 2010 | +1.1% | — | — | |
| Q1 2009 | -0.5% | — | — | |
| Q1 2010 | -0.4% | — | — | |
| Q4 2009 | +0.6% | — | — | |
| Q4 2007 | +0.6% | — | — | |
| Q3 2008 | +1.2% | — | — | |
| Q3 2009 | +1.2% | — | — | |
| Q2 2009 | -0.3% | — | — | |
| Q2 2008 | -0.3% | — | — | |
| Q4 2008 | -0.3% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro