Adjusted earnings from continuing operations were $4.52 per share in Q4, compared to $3.92 per share in the year-ago quarter. On an unadjusted basis, the company reported a net income of $5.60 billion or $5.88 per share for the December quarter, compared to $2.92 billion or $3.09 per share in the fourth quarter of FY24.
For fiscal 2026, the company expects constant currency revenue growth of more than 5%. At current foreign exchange rates, currency is expected to be about a half-point tailwind to growth for the year.
“In the fourth quarter, we delivered strong revenue growth, with double-digit Software performance. Additionally, Infrastructure continued its double-digit revenue growth with the robust adoption of the next generation of our mainframe platform. Our generative AI book of business now stands at more than $12.5 billion. This capped a strong 2025 for IBM where we exceeded expectations for revenue, profit and free cash flow,” said IBM’s CEO Arvind Krishna.