Technology
IBM RELEASES FIRST-QUARTER RESULTS
Published
1 year agoon
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Results exceed expectations driven by strong Software revenue growth, significant gross margin expansion and solid free cash flow
ARMONK, N.Y., April 23, 2025 /PRNewswire/ — IBM (NYSE: IBM) today announced first-quarter 2025 earnings results.
“We exceeded expectations for revenue, profitability and free cash flow in the quarter, led by strength across our Software portfolio. There continues to be strong demand for generative AI and our book of business stands at more than $6 billion inception-to-date, up more than $1 billion in the quarter,” said Arvind Krishna, IBM chairman, president and chief executive officer. “We remain bullish on the long-term growth opportunities for technology and the global economy. While the macroeconomic environment is fluid, based on what we know today, we are maintaining our full-year expectations for revenue growth and free cash flow.”
First-Quarter Highlights
Revenue
– Revenue of $14.5 billion, up 1 percent, up 2 percent at constant currency
– Software revenue up 7 percent, up 9 percent at constant currency
– Consulting revenue down 2 percent, flat at constant currency
– Infrastructure revenue down 6 percent, down 4 percent at constant currency
Profit
– Gross Profit Margin: GAAP: 55.2 percent, up 170 basis points; Operating (Non-GAAP): 56.6 percent, up 190 basis points
– Pre-Tax Income Margin: GAAP: 8.0 percent, up 50 basis points; Operating (Non-GAAP): 12.0 percent, up 50 basis points
Cash Flow
– Net cash from operating activities of $4.4 billion; free cash flow of $2.0 billion
FIRST-QUARTER 2025 INCOME STATEMENT SUMMARY
Revenue
Gross
Profit
Gross
Profit
Margin
Pre-tax
Income
Pre-tax
Income
Margin
Net
Income
Diluted
Earnings
Per Share
GAAP from
Continuing
Operations
$ 14.5 B
$ 8.0 B
55.2
%
$ 1.2 B
8.0
%
$ 1.1 B
$ 1.12
Year/Year
1
%(1)
4
%
1.7
Pts
8
%
0.5
Pts
(33)
%(2)
(34)
%
Operating
(Non-GAAP)
$ 8.2 B
56.6
%
$ 1.7 B
12.0
%
$ 1.5 B
$ 1.60
Year/Year
4
%
1.9
Pts
5
%
0.5
Pts
(3)
%
(5)
%
(1) 2% at constant currency.
(2) GAAP 2024 net income includes a benefit from income taxes due to the resolution of certain tax audit matters.
“Revenue growth, once again led by Software, combined with our productivity initiatives, drove significant gross margin expansion and operating leverage in the quarter,” said James Kavanaugh, IBM senior vice president and chief financial officer. “With our focus on the fundamentals of our business, we continue to maintain a strong liquidity position and yield solid free cash flow. This enables us to both invest in our business and return value to shareholders through dividends.”
Segment Results for First Quarter
Software — revenues of $6.3 billion, up 7 percent, up 9 percent at constant currency:
– Hybrid Cloud (Red Hat) up 12 percent, up 13 percent at constant currency
– Automation up 14 percent, up 15 percent at constant currency
– Data up 5 percent, up 7 percent at constant currency
– Transaction Processing flat, up 2 percent at constant currency
Consulting — revenues of $5.1 billion, down 2 percent, flat at constant currency:
– Strategy and Technology down 3 percent, down 1 percent at constant currency
– Intelligent Operations down 2 percent, flat at constant currency
Infrastructure — revenues of $2.9 billion, down 6 percent, down 4 percent at constant currency:
– Hybrid Infrastructure down 9 percent, down 7 percent at constant currency
— IBM Z down 15 percent, down 14 percent at constant currency
— Distributed Infrastructure down 5 percent, down 4 percent at constant currency
– Infrastructure Support down 3 percent, flat at constant currency
Financing — revenues of $0.2 billion, down 1 percent, up 2 percent at constant currency
Cash Flow and Balance Sheet
In the first quarter, the company generated net cash from operating activities of $4.4 billion, up $0.2 billion year to year. IBM’s free cash flow was $2.0 billion, up $0.1 billion year to year. The company returned $1.5 billion to shareholders in dividends in the first quarter and invested $7.1 billion in acquisitions, including the acquisition of HashiCorp.
IBM ended the first quarter with $17.6 billion of cash, restricted cash and marketable securities, up $2.8 billion from year-end 2024. Debt, including IBM Financing debt of $10.0 billion, totaled $63.3 billion, up $8.3 billion year to date.
Expectations
Revenue: The company continues to expect full-year constant currency revenue growth of at least 5 percent. At current foreign exchange rates, currency is expected to be about a one to one-and-a-half-point tailwind to growth for the year.
– The company expects second-quarter revenue to be in the range of $16.40 billion to $16.75 billion.
Free cash flow: The company continues to expect about $13.5 billion in free cash flow for the full year.
Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained herein, statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the company’s current assumptions regarding future business and financial performance. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including, but not limited to, the following: a downturn in economic environment and client spending budgets; a failure of the company’s innovation initiatives; damage to the company’s reputation; risks from investing in growth opportunities; failure of the company’s intellectual property portfolio to prevent competitive offerings and the failure of the company to obtain necessary licenses; the company’s ability to successfully manage acquisitions, alliances and divestitures, including integration challenges, failure to achieve objectives, the assumption or retention of liabilities and higher debt levels; fluctuations in financial results; impact of local legal, economic, political, health and other conditions; the company’s failure to meet growth and productivity objectives; ineffective internal controls; the company’s use of accounting estimates; impairment of the company’s goodwill or amortizable intangible assets; the company’s ability to attract and retain key employees and its reliance on critical skills; impacts of relationships with critical suppliers; product and service quality issues; the development and use of AI and generative AI, including the company’s increased offerings and use of AI-based technologies; impacts of business with government clients; reliance on third party distribution channels and ecosystems; cybersecurity, privacy, and AI considerations; adverse effects related to climate change and other environmental matters; tax matters; legal proceedings and investigatory risks; the company’s pension plans; currency fluctuations and customer financing risks; impact of changes in market liquidity conditions and customer credit risk on receivables; risk factors related to IBM securities; and other risks, uncertainties and factors discussed in the company’s Form 10-Qs, Form 10-K and in the company’s other filings with the U.S. Securities and Exchange Commission or in materials incorporated therein by reference.
Any forward-looking statement in this release speaks only as of the date on which it is made. Except as required by law, the company assumes no obligation to update or revise any forward-looking statements.
Presentation of Information in this Press Release
For generative AI, book of business includes Software transactional revenue, SaaS Annual Contract Value and Consulting signings. The generative AI book of business is further defined within Exhibit 99.2 in the Form 8-K that includes this press release.
In an effort to provide investors with additional information regarding the company’s results as determined by generally accepted accounting principles (GAAP), the company has also disclosed in this press release the following non-GAAP information, which management believes provides useful information to investors:
IBM results —
adjusting for currency (i.e., at constant currency);
presenting operating (non-GAAP) earnings per share amounts and related income statement items;
free cash flow;
net cash from operating activities excluding IBM Financing receivables;
adjusted EBITDA.
The rationale for management’s use of these non-GAAP measures is included in Exhibit 99.2 in the Form 8-K that includes this press release and is being submitted today to the SEC.
Conference Call and Webcast
IBM’s regular quarterly earnings conference call is scheduled to begin at 5:00 p.m. ET, today. The Webcast may be accessed via a link at https://www.ibm.com/investor/events/earnings-1q25. Presentation charts will be available shortly before the Webcast.
Financial Results Below (certain amounts may not add due to use of rounded numbers; percentages presented are calculated from the underlying whole-dollar amounts).
Contact: IBM
Sarah Meron, 347-891-1770
sarah.meron@ibm.com
Tim Davidson, 914-844-7847
tfdavids@us.ibm.com
INTERNATIONAL BUSINESS MACHINES CORPORATION
COMPARATIVE FINANCIAL RESULTS
(Unaudited; Dollars in millions except per share amounts)
Three Months Ended
March 31,
2025
2024
REVENUE BY SEGMENT
Software
$ 6,336
$ 5,899
Consulting
5,068
5,186
Infrastructure
2,886
3,076
Financing
191
193
Other
61
108
TOTAL REVENUE
14,541
14,462
GROSS PROFIT
8,031
7,742
GROSS PROFIT MARGIN
Software
83.6
%
82.4
%
Consulting
27.3
%
25.3
%
Infrastructure
52.8
%
54.2
%
Financing
45.8
%
48.5
%
TOTAL GROSS PROFIT MARGIN
55.2
%
53.5
%
EXPENSE AND OTHER INCOME
SG&A
4,886
4,974
R&D
1,950
1,796
Intellectual property and custom development income
(253)
(216)
Other (income) and expense
(165)
(317)
Interest expense
455
432
TOTAL EXPENSE AND OTHER INCOME
6,873
6,669
INCOME FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
1,158
1,074
Pre-tax margin
8.0
%
7.4
%
Provision for/(Benefit from) income taxes (1)
103
(502)
Effective tax rate (1)
8.9
%
(46.7)
%
INCOME FROM CONTINUING OPERATIONS
$ 1,054
$ 1,575
DISCONTINUED OPERATIONS
Income from discontinued operations, net of taxes
1
30
NET INCOME
$ 1,055
$ 1,605
EARNINGS PER SHARE OF COMMON STOCK
Assuming Dilution
Continuing Operations
$ 1.12
$ 1.69
Discontinued Operations
$ 0.00
$ 0.03
TOTAL
$ 1.12
$ 1.72
Basic
Continuing Operations
$ 1.14
$ 1.72
Discontinued Operations
$ 0.00
$ 0.03
TOTAL
$ 1.14
$ 1.75
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (M’s)
Assuming Dilution
945.4
933.4
Basic
928.0
917.2
____________________
(1) 2024 includes a benefit from income taxes due to the resolution of certain tax audit matters.
INTERNATIONAL BUSINESS MACHINES CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEET
(Unaudited)
(Dollars in Millions)
At
March 31,
2025
At
December 31,
2024
ASSETS:
Current Assets:
Cash and cash equivalents
$ 11,035
$ 13,947
Restricted cash
126
214
Marketable securities
6,430
644
Notes and accounts receivable – trade, net
5,857
6,804
Short-term financing receivables, net
5,715
7,159
Other accounts receivable, net
897
947
Inventories
1,431
1,289
Deferred costs
1,074
959
Prepaid expenses and other current assets
2,770
2,520
Total Current Assets
35,336
34,482
Property, plant and equipment, net
5,742
5,731
Operating right-of-use assets, net
3,323
3,197
Long-term financing receivables, net
4,920
5,353
Prepaid pension assets
7,670
7,492
Deferred costs
769
788
Deferred taxes
7,594
6,978
Goodwill
66,065
60,706
Intangibles, net
12,392
10,660
Investments and sundry assets
1,856
1,787
Total Assets
$ 145,667
$ 137,175
LIABILITIES:
Current Liabilities:
Taxes
$ 1,573
$ 2,033
Short-term debt
6,913
5,089
Accounts payable
3,585
4,032
Deferred income
15,057
13,907
Operating lease liabilities
798
768
Other liabilities
7,179
7,313
Total Current Liabilities
35,106
33,142
Long-term debt
56,371
49,884
Retirement-related obligations
9,536
9,432
Deferred income
3,844
3,622
Operating lease liabilities
2,753
2,655
Other liabilities
11,105
11,048
Total Liabilities
118,714
109,783
EQUITY:
IBM Stockholders’ Equity:
Common stock
61,913
61,380
Retained earnings
150,703
151,163
Treasury stock – at cost
(170,160)
(169,968)
Accumulated other comprehensive income/(loss)
(15,575)
(15,269)
Total IBM Stockholders’ Equity
26,880
27,307
Noncontrolling interests
72
86
Total Equity
26,953
27,393
Total Liabilities and Equity
$ 145,667
$ 137,175
INTERNATIONAL BUSINESS MACHINES CORPORATION
CASH FLOW
(Unaudited)
Three Months Ended
March 31,
(Dollars in Millions)
2025
2024
Net Income from Operations
$ 1,055
$ 1,605
Depreciation/Amortization of Intangibles (1)
1,177
1,132
Stock-based Compensation
401
320
Operating assets and liabilities/Other, net (2)
(350)
(785)
IBM Financing A/R
2,087
1,897
Net Cash Provided by Operating Activities
$ 4,370
$ 4,168
Capital Expenditures, net of payments & proceeds
(321)
(361)
Divestitures, net of cash transferred
(1)
703
Acquisitions, net of cash acquired
(7,098)
(82)
Marketable Securities / Other Investments, net
(5,559)
(4,469)
Net Cash Provided by/(Used in) Investing Activities
$ (12,979)
$ (4,210)
Debt, net of payments & proceeds
7,092
3,382
Dividends
(1,549)
(1,522)
Financing – Other
(100)
17
Net Cash Provided by/(Used in) Financing Activities
$ 5,443
$ 1,877
Effect of Exchange Rate changes on Cash
167
(159)
Net Change in Cash, Cash Equivalents and Restricted Cash
$ (2,999)
$ 1,676
____________________
(1) Includes operating lease right-of-use assets amortization.
(2) 2024 includes the reduction of tax reserves.
INTERNATIONAL BUSINESS MACHINES CORPORATION
GAAP NET INCOME TO ADJUSTED EBITDA RECONCILIATION
(Unaudited)
Three Months Ended
March 31,
(Dollars in Billions)
2025
2024
Yr/Yr
Net Income as reported (GAAP)
$ 1.1
$ 1.6
$ (0.5)
Less: Income from discontinued operations, net of tax
0.0
0.0
0.0
Income from continuing operations
1.1
1.6
(0.5)
Provision for/(Benefit from) income taxes from continuing ops.
0.1
(0.5)
0.6
Pre-tax income from continuing operations (GAAP)
1.2
1.1
0.1
Non-operating adjustments (before tax)
Acquisition-related charges (1)
0.6
0.5
0.1
Non-operating retirement-related costs/(income)
0.0
0.1
(0.1)
Operating (non-GAAP) pre-tax income from continuing ops.
1.7
1.7
0.1
Net interest expense
0.3
0.2
0.0
Depreciation/Amortization of non-acquired intangible assets
0.7
0.7
0.0
Stock-based compensation
0.4
0.3
0.1
Workforce rebalancing charges
0.3
0.4
(0.1)
Corporate (gains) and charges (2)
0.0
(0.2)
0.2
Adjusted EBITDA
$ 3.4
$ 3.0
$ 0.4
___________________
(1) Primarily consists of amortization of acquired intangible assets.
(2) Corporate (gains) and charges primarily consists of unique corporate actions such as gains on divestitures.
INTERNATIONAL BUSINESS MACHINES CORPORATION
SEGMENT DATA
(Unaudited)
Three Months Ended March 31, 2025
(Dollars in Millions)
Software
Consulting
Infrastructure
Financing
Revenue
$ 6,336
$ 5,068
$ 2,886
$ 191
Segment Profit
$ 1,847
$ 558
$ 248
$ 69
Segment Profit Margin
29.1
%
11.0
%
8.6
%
35.8
%
Change YTY Revenue
7.4
%
(2.3)
%
(6.2)
%
(0.8)
%
Change YTY Revenue – Constant Currency
9.0
%
(0.5)
%
(4.3)
%
2.2
%
Three Months Ended March 31, 2024
(Dollars in Millions)
Software
Consulting
Infrastructure
Financing
Revenue
$ 5,899
$ 5,186
$ 3,076
$ 193
Segment Profit
$ 1,500
$ 424
$ 311
$ 92
Segment Profit Margin
25.4
%
8.2
%
10.1
%
47.7
%
INTERNATIONAL BUSINESS MACHINES CORPORATION
U.S. GAAP TO OPERATING (Non-GAAP) RESULTS RECONCILIATION
(Unaudited; Dollars in millions except per share amounts)
Three Months Ended March 31, 2025
Continuing Operations
GAAP
Acquisition-
Related
Adjustments (1)
Retirement-
Related
Adjustments (2)
Tax
Reform
Impacts
Operating
(Non-
GAAP)
Gross Profit
$ 8,031
$ 201
$ —
$ —
$ 8,232
Gross Profit Margin
55.2
%
1.4
pts
—
pts
—
pts
56.6
%
SG&A
$ 4,886
$ (353)
$ —
$ —
$ 4,533
R&D
1,950
(4)
—
—
1,946
Other (Income) & Expense
(165)
—
(23)
—
(187)
Total Expense & Other (Income)
6,873
(357)
(23)
—
6,494
Pre-tax Income from Continuing Operations
1,158
557
23
—
1,738
Pre-tax Income Margin from Continuing
Operations
8.0
%
3.8
pts
0.2
pts
—
pts
12.0
%
Provision for/(Benefit from) Income Taxes (3)
$ 103
$ 128
$ (12)
$ 2
$ 221
Effective Tax Rate
8.9
%
4.5
pts
(0.8)
pts
0.1
pts
12.7
%
Income from Continuing Operations
$ 1,054
$ 429
$ 35
$ (2)
$ 1,517
Income Margin from Continuing Operations
7.3
%
3.0
pts
0.2
pts
0.0
pts
10.4
%
Diluted Earnings Per Share: Continuing
Operations
$ 1.12
$ 0.45
$ 0.04
$ 0.00
$ 1.60
Three Months Ended March 31, 2024
Continuing Operations
GAAP
Acquisition-
Related
Adjustments (1)
Retirement-
Related
Adjustments (2)
Tax
Reform
Impacts (4)
Operating
(Non-
GAAP)
Gross Profit
$ 7,742
$ 170
$ —
$ —
$ 7,913
Gross Profit Margin
53.5
%
1.2
pts
—
pts
—
pts
54.7
%
SG&A
$ 4,974
$ (268)
$ —
$ —
$ 4,706
R&D
1,796
—
—
—
1,796
Other (Income) & Expense
(317)
(50)
(96)
—
(463)
Total Expense & Other (Income)
6,669
(318)
(96)
—
6,255
Pre-tax Income from Continuing Operations
1,074
488
96
—
1,658
Pre-tax Income Margin from Continuing
Operations
7.4
%
3.4
pts
0.7
pts
—
pts
11.5
%
Provision for/(Benefit from) Income Taxes (3)
$ (502)
$ 142
$ 5
$ 448
$ 94
Effective Tax Rate
(46.7)
%
22.3
pts
3.0
pts
27.0
pts
5.6
%
Income from Continuing Operations
$ 1,575
$ 346
$ 91
$ (448)
$ 1,564
Income Margin from Continuing Operations
10.9
%
2.4
pts
0.6
pts
(3.1)
pts
10.8
%
Diluted Earnings Per Share: Continuing
Operations
$ 1.69
$ 0.37
$ 0.10
$ (0.48)
$ 1.68
____________________
(1) Includes amortization of acquired intangible assets, in-process R&D, transaction costs, applicable retention, restructuring and related expenses, tax charges related to
acquisition integration and pre-closing charges, such as financing costs. 2024 also includes a loss of $50 million on foreign exchange derivative contracts entered into by the
company prior to the acquisition of StreamSets and webMethods from Software AG.
(2) Includes amortization of prior service costs, interest cost, expected return on plan assets, amortized actuarial gains/losses, the impacts of any plan curtailments/settlements and
pension insolvency costs and other costs.
(3) The tax impact on operating (non-GAAP) pre-tax income from continuing operations is calculated under the same accounting principles applied to the GAAP pre-tax income.
(4) 2024 includes a benefit from income taxes due to the resolution of certain tax audit matters.
INTERNATIONAL BUSINESS MACHINES CORPORATION
GAAP OPERATING CASH FLOW TO FREE CASH FLOW RECONCILIATION
(Unaudited)
Three Months Ended
March 31,
(Dollars in Millions)
2025
2024
Net Cash from Operations per GAAP
$ 4,370
$ 4,168
Less: change in IBM Financing receivables
2,087
1,897
Net cash from operating activities excl. IBM Financing receivables
2,283
2,271
Capital Expenditures, net
(321)
(361)
Free Cash Flow
$ 1,962
$ 1,910
INTERNATIONAL BUSINESS MACHINES CORPORATION
GAAP OPERATING CASH FLOW TO ADJUSTED EBITDA RECONCILIATION
(Unaudited)
Three Months Ended
March 31,
(Dollars in Billions)
2025
2024
Net Cash Provided by Operating Activities
$ 4.4
$ 4.2
Add:
Net interest expense
0.3
0.2
Provision for/(Benefit from) income taxes from continuing operations
0.1
(0.5)
Less change in:
Financing receivables
2.1
1.9
Other assets and liabilities/other, net (1)
(0.7)
(1.0)
Adjusted EBITDA
$ 3.4
$ 3.0
____________________
(1) Other assets and liabilities/other, net mainly consists of Operating assets and liabilities/Other, net in the Cash Flow chart, workforce
rebalancing charges, non-operating impacts and corporate (gains) and charges.
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Published
6 minutes agoon
July 23, 2026By
Broader AI adoption improves productivity across asset recovery and enterprise operations
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Measurable Operating Impact
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Building Enterprise Operating Leverage Through AI
As AI deployment expands across the enterprise, Yiren Digital is increasingly shifting repetitive, high-volume tasks from human-assisted processes toward agent-driven execution. By combining AI agents with centralized orchestration and governance, the Company is improving operating consistency, strengthening workforce productivity and creating reusable capabilities that increase operating leverage as AI is deployed across additional business functions.
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About Yiren Digital
Yiren Digital Ltd. is a leading company specializing in financial technology and artificial intelligence innovation across multiple industries in China and global markets. The Company leverages advanced artificial intelligence and emerging technologies to enhance customer experience, optimize capital efficiency, and expand financial inclusion. Following the regulatory filing of its in-house developed Large Language Model Zhiyu, and the significant enhancement of its MagiCube Agent platform, Yiren Digital is establishing a new growth engine to accelerate its evolution into an AI-native, multi-industry operating platform extending beyond traditional financial services. For more information, please visit https://ir.yiren.com.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “hope,” “going forward,” “intend,” “ought to,” “plan,” “project,” “potential,” “seek,” “may,” “might,” “can,” “could,” “will,” “would,” “shall,” “should,” “is likely to” and the negative form of these words and other similar expressions. This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident,” and similar expressions. Forward-looking statements are based on management’s current expectations, assumptions, and assessments of current market and operating conditions. These statements involve inherent risks, uncertainties, and other factors, many of which are outside the control of the Company, and which could cause actual results to differ materially from those expressed or implied in such statements. Actual results may differ materially from those expressed or implied in forward-looking statements due to a variety of factors and other risks described in the Company’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release. The Company undertakes no, and expressly disclaims any, obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required under applicable law.
View original content:https://www.prnewswire.com/news-releases/yiren-digital-accelerates-operating-efficiency-through-ai-agent-deployment-302833201.html
SOURCE Yiren Digital Ltd.
Technology
Infinium Edge Launches EdgeSites™, a New Infrastructure Model for Deploying AI Compute at Existing Commercial and Industrial Facilities
Published
6 minutes agoon
July 23, 2026By
EdgeSites delivers operational AI infrastructure in existing powered buildings — factory-built data center modules, waterless cooling, and ready in months without new construction or grid interconnection required.
SACRAMENTO, Calif., July 23, 2026 /PRNewswire/ — Infinium Edge™ today announced Infinium EdgeSites™, a development program that utilizes existing commercial and industrial facilities to deploy operational AI compute infrastructure. Built around Infinium Edge’s proprietary Edge Thermal Vectoring™ immersion cooling platform, EdgeSites enables high-density GPU deployments in existing buildings that were never designed as data centers — without new construction, without cooling water infrastructure, and without the multi-year grid interconnection timelines that constrain conventional large-scale data center development.
More than 20 million commercial and industrial electricity customers in the US are served by electrical infrastructure sized to peak demand – which industry research shows are utilized at only 40-60% on average. That unused headroom, capacity already contracted, energized, and sitting behind the meter, can support high-density AI compute without adding new load to the grid or waiting on a new interconnection.
At the center of the program is the Vector ONE™ — Edge’s factory-built, self-contained immersion cooling system designed to house 1 MW of AI compute capacity. Vector ONE units are engineered for deployment in standard commercial and industrial buildings, either indoors or outdoors, arriving pre-integrated, fully commissioned and require no municipal water connection. Installations are modular and scalable: additional units can be commissioned as site power and demand allow, without rebuilding the underlying infrastructure and occupy up to 70% less floor space than air-cooled equivalents.
Built for the Shift to Inference
As inference moves to displace training as the dominant AI workload, the growth opportunity is shifting towards small, distributed data centers that can be deployed quickly and sited where demand originates. Conventional data center developments are under compounding pressure from long utility interconnection queues, sometimes lasting years, pressure around water use, and general community and regulatory opposition enacting restrictions. Community opposition and regulatory friction delayed or blocked an estimated $156 billion in planned U.S. data center capacity in 2025 alone.
EdgeSites is purpose-built for the structural shift to inference and addresses key issues stalling conventional data center developments today. Each Vector ONE unit delivers 1 MW of inference-ready capacity inside an existing building, in a market that already has established electrical infrastructure, in a timeline measured in months rather than years. Multiple units can be used in tandem to deploy up to 10 MW of capacity at a single site. The program converts the distributed inventory of underutilized industrial or commercial electrical capacity in the United States into a nationally scaled inference network. Vector ONE’s dry-cooler loop consumes no municipal water, making EdgeSites viable in markets where evaporative cooling has been restricted or banned.
“The data center industry has been answering an infrastructure shortage with a construction playbook — build new facilities, secure new grid connections, wait years for capacity to come online,” said Robert Schuetzle, CEO of Infinium. “That model cannot keep pace with AI deployment timelines. Infinium EdgeSites operate around different premises: the power already exists, the buildings already exist, and the technology now exists to put them to work. We are making operational what the industry has been treating as stranded.”
Deploying EdgeSites
As demand for AI compute continues to outpace available infrastructure and focuses on distributed inference needs, Infinium Edge is expanding the EdgeSites network with qualified host locations and compute partners.
Commercial and industrial property owners of industrial sites, distribution centers, warehouses, or large commercial properties with available electrical capacity benefit from receiving lease income from infrastructure they already own or control. Infinium Edge manages all aspects of site development and operations for installing and deploying the Vector ONE system. No capital investment or operational responsibility is required from the host.
AI companies, enterprises, and compute operators requiring infrastructure on compressed deployment timelines can access high-density, edge-proximate GPU capacity through a straightforward capacity agreement, priced by the kilowatt-month, with backup power included in the capacity fee. There is no construction to manage, no permitting process to navigate, and no cooling infrastructure to operate or maintain.
Infinium Edge manages the full program from development and installation to operation and monitoring— simplifying development and data center management for AI companies and enterprises.
Reach out to learn more and partner in EdgeSites deployments.
Inquiries: www.infinium.ai/edgesites
About Infinium Edge™
Infinium Edge™ is the advanced AI data center infrastructure platform from Infinium, delivering high-density, sustainable compute through proprietary single-phase immersion cooling technology. Infinium Edge is the only North American producer of Fischer-Tropsch immersion fluids and offers a full-stack platform — including Edge Thermal Vectoring™ platform, Vector ONE™ modular AI Factory units, ETV100 immersion fluids, and integrated monitoring systems — engineered for the thermal and operational demands of AI and high-performance computing at scale. For more information, visit www.infinium.ai.
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SOURCE Infinium
Technology
ChipMOS SCHEDULES SECOND QUARTER 2026 FINANCIAL RESULTS SEMIANNUAL CONFERENCE CALL
Published
6 minutes agoon
July 23, 2026By
HSINCHU, July 23, 2026 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today announced that it will report second quarter 2026 results and host a semiannual conference call after the close of trading on the Taiwan Stock Exchange on Tuesday, August 11, 2026.
Investors and analysts are encouraged to participate in the semiannual conference call using the dial-in phone number noted below. A webcast and replay will be available on the Company’s website.
Date: Tuesday, August 11, 2026
Time: 3:00PM Taiwan (3:00AM New York)
Dial-In: +886-2-3396 1191
Password: 1637011 #
Semiannual Conference Call Webcast and Replay: https://www.chipmos.com/chinese/ir/info2.aspx
Replay: Starts Approximately 2 hours after the live call ends
Language: Mandarin
Note: A transcript will be provided on the Company’s website in English following the semiannual conference call to help ensure transparency, and to facilitate a better understanding of the Company’s financial results and operating environment.
About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide.
Forward-Looking Statements:
This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding current macroeconomic conditions, including the impacts of high inflation, foreign exchange rates and risk of recession, on demand for our products, consumer confidence and financial markets generally; changes in trade regulations, policies, and agreements and the imposition of tariffs that affect our products or operations, including potential new tariffs that may be imposed and our ability to mitigate with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, based on a number of important factors and risks, which are more specifically identified in the Company’s most recent U.S. Securities and Exchange Commission (the “SEC”) filings. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the SEC and in its other filings with the SEC.
Contacts:
In Taiwan
Jesse Huang
ChipMOS TECHNOLOGIES INC.
+886-6-5052388 ext. 7715
In the U.S.
David Pasquale
Global IR Partners
+1-914-337-8801
View original content:https://www.prnewswire.com/news-releases/chipmos-schedules-second-quarter-2026-financial-results-semiannual-conference-call-302831885.html
SOURCE ChipMOS TECHNOLOGIES INC.
Yiren Digital Accelerates Operating Efficiency Through AI Agent Deployment
Infinium Edge Launches EdgeSites™, a New Infrastructure Model for Deploying AI Compute at Existing Commercial and Industrial Facilities
ChipMOS SCHEDULES SECOND QUARTER 2026 FINANCIAL RESULTS SEMIANNUAL CONFERENCE CALL
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