IBM earnings report exceeds expectations! What signals are being released behind the steady growth? IBM announced its latest quarterly earnings, with overall performance slightly surpassing market expectations. Revenue reached $15.92 billion, a 9.5% year-over-year increase, higher than analysts' forecast of $15.67 billion. Operating earnings per share (EPS) were $1.91, up from $1.60 in the same period last year, also beating market expectations of $1.81. Free cash flow (FCF) was $2.22 billion, a 13% increase year-over-year, also above the expected $2.17 billion. Overall, IBM is demonstrating its business resilience with "steady growth + strong cash flow," rather than relying on short-term fluctuations. In the context of macroeconomic uncertainty, this stable growth is even more valuable.