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IBM RELEASES THIRD-QUARTER RESULTS

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Exceeded expectations with accelerated revenue growth led by Software and Infrastructure; Raises outlook for full-year free cash flow

ARMONK, N.Y., Oct. 21, 2026 /PRNewswire/ — IBM (NYSE: IBM) today announced third-quarter 2026 earnings results.

“Disciplined execution throughout the quarter drove accelerated revenue growth and strong free cash flow. Our clients are now deploying Super Intelligence in ways that transform entire operating models, instead of simply addressing narrow or novel problems. IBM’s technology and expertise are helping organizations drive growth and serve customers with greater speed, precision and efficiency than ever before,” said Arvind Krishna, IBM chairman, president and chief executive officer. “For the full year, we continue to expect constant currency revenue growth in the range of four-to-five percent, and we now expect free cash flow to increase by more than $1 billion year-over-year.”

Third-Quarter Highlights

Revenue
– Revenue of $17.1 billion, up 5 percent, up 6 percent at constant currency
– Software revenue up 8 percent, up 9 percent at constant currency
– Consulting revenue flat, up 2 percent at constant currency
– Infrastructure revenue up 4 percent, up 5 percent at constant currency
Profit
– Gross Profit Margin: GAAP: 56.8 percent, down 50 basis points; Operating (Non-GAAP): 58.5 percent, down 20 basis points
– Pre-Tax Income Margin: GAAP: 14.6 percent, down 30 basis points; Operating (Non-GAAP): 19.3 percent, up 70 basis points
Cash Flow
– Year to date, net cash from operating activities of $11.8 billion; free cash flow of $7.8 billion

THIRD-QUARTER 2026 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

$ 17.1 B

 
 

$  9.7  B

 
 

56.8

%

 

$  2.5  B

 
 

14.6

%

 

$  2.2  B

 
 

$   2.31

 

Year/Year

5

% (1)

 

4

%

 

(0.5)

Pts

 

3

%

 

(0.3)

Pts

 

26

%

 

26

%

Operating

(Non-GAAP)

 
 
 

$ 10.0 B

 
 

58.5

%

 

$  3.3  B

 
 

19.3

%

 

$  2.8  B

 
 

$   2.95

 

Year/Year

 
 
 

4

%

 

(0.2)

Pts

 

9

%

 

0.7

Pts

 

12

%

 

11

%

(1)  6% at constant currency.

“Demand across our portfolio combined with strong operational execution led to accelerated growth and solid operating pre-tax margin expansion in the quarter,” said James Kavanaugh, IBM senior vice president and chief financial officer. “Just as we are helping clients extract value from their operations with Super Intelligence, we are driving tangible returns through our productivity initiatives inside IBM. This approach fuels profit and free cash flow growth and enables us to continue to invest in our business while returning value to shareholders through our dividend.”

Segment Results for Third Quarter

Software — revenues of $7.8 billion, up 8 percent, up 9 percent at constant currency
– Hybrid Cloud (Red Hat) up 11 percent
– Automation down 3 percent
– Data up 19 percent, up 20 percent at constant currency
– Transaction Processing up 9 percent, up 10 percent at constant currency

Consulting — revenues of $5.3 billion, flat, up 2 percent at constant currency
– Strategy and Technology up 2 percent, up 4 percent at constant currency
– Intelligent Operations down 2 percent, flat at constant currency

Infrastructure — revenues of $3.7 billion, up 4 percent, up 5 percent at constant currency
– Hybrid Infrastructure up 8 percent, up 9 percent at constant currency
      — IBM Z down 20 percent, down 19 percent at constant currency
      — Distributed Infrastructure up 31 percent, up 32 percent at constant currency
– Infrastructure Support down 3 percent, down 2 percent at constant currency

Financing — revenues of $0.2 billion, down 4 percent, down 3 percent at constant currency

Cash Flow and Balance Sheet

In the third quarter, the company generated net cash from operating activities of $4.0 billion, up $0.9 billion year to year. IBM’s free cash flow was $3.0 billion, up $0.7 billion year to year. The company returned $1.6 billion to shareholders in dividends in the third quarter.

For the first nine months of the year, the company generated net cash from operating activities of $11.8 billion, up $2.6 billion year to year. IBM’s free cash flow was $7.8 billion, up $0.6 billion year to year.

IBM ended the third quarter with $11.1 billion of cash, restricted cash and marketable securities, down $3.4 billion from year-end 2025. The company invested $11.4 billion in acquisitions this year. Debt, including IBM Financing debt of $12.7 billion, totaled $63.8 billion, up $2.6 billion year to date.

Full-Year 2026 Expectations

Revenue: The company continues to expect full-year constant currency revenue growth in the range of four-to-five percent. At current foreign exchange rates, currency is expected to be neutral to growth for the year

Free cash flow: The company now expects full-year free cash flow to increase by more than $1 billion year-over-year

Dividend Declaration

The IBM board of directors approved a regular quarterly cash dividend of $1.69 per common share, to stockholders of record on November 10, 2026. With payment of the December 10, 2026 dividend, IBM will have paid consecutive quarterly dividends every year since 1916.

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, including the company’s increased AI solutions and use of AI technologies; impacts of business with government clients; reliance on third party distribution channels and ecosystems; cybersecurity and data protection 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

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:

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;
adjusted EBITDA margin.

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-3q26. 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
                    Tim Davidson, 914-844-7847
                    tfdavids@us.ibm.com

                    Erin McElwee, 347-920-6825
                    erin.mcelwee@ibm.com

 

INTERNATIONAL BUSINESS MACHINES CORPORATION

COMPARATIVE FINANCIAL RESULTS

(Unaudited; $ in millions except per share amounts)

 
 

Three Months Ended
September 30,

 
 

Nine Months Ended
September 30,

 
 

2026

 
 

2025

 
 

2026

 
 

2025

 

REVENUE BY SEGMENT

 
 
 
 
 
 
 
 
 
 
 

Software

$        7,804

 
 

$        7,209

 
 

$       22,617

 
 

$       20,932

 

Consulting

5,335

 
 

5,324

 
 

15,934

 
 

15,706

 

Infrastructure

3,707

 
 

3,559

 
 

10,868

 
 

10,586

 

Financing

192

 
 

200

 
 

598

 
 

557

 

Other

66

 
 

38

 
 

165

 
 

68

 

TOTAL REVENUE

17,103

 
 

16,331

 
 

50,182

 
 

47,849

 
 
 
 
 
 
 
 
 
 
 
 
 

GROSS PROFIT

9,714

 
 

9,360

 
 

28,571

 
 

27,369

 
 
 
 
 
 
 
 
 
 
 
 
 

GROSS PROFIT MARGIN

 
 
 
 
 
 
 
 
 
 
 

Software

82.5

%

 

83.1

%

 

82.6

%

 

83.5

%

Consulting

27.4

%

 

29.3

%

 

27.9

%

 

28.0

%

Infrastructure

56.7

%

 

57.2

%

 

57.4

%

 

57.7

%

Financing

40.7

%

 

45.6

%

 

42.2

%

 

45.7

%

 
 
 
 
 
 
 
 
 
 
 
 

TOTAL GROSS PROFIT MARGIN

56.8

%

 

57.3

%

 

56.9

%

 

57.2

%

 
 
 
 
 
 
 
 
 
 
 
 

EXPENSE AND OTHER INCOME

 
 
 
 
 
 
 
 
 
 
 

SG&A

4,620

 
 

4,748

 
 

14,691

 
 

14,661

 

R&D

2,378

 
 

2,082

 
 

6,863

 
 

6,129

 

Intellectual property and custom development income

(164)

 
 

(219)

 
 

(501)

 
 

(687)

 

Other (income) and expense

(109)

 
 

(173)

 
 

(296)

 
 

(376)

 

Interest expense

491

 
 

492

 
 

1,451

 
 

1,457

 

TOTAL EXPENSE AND OTHER INCOME

7,217

 
 

6,931

 
 

22,208

 
 

21,184

 
 
 
 
 
 
 
 
 
 
 
 
 

INCOME FROM CONTINUING OPERATIONS

BEFORE INCOME TAXES

2,497

 
 

2,430

 
 

6,363

 
 

6,185

 

Pre-tax income margin

14.6

%

 

14.9

%

 

12.7

%

 

12.9

%

Provision for/(benefit from) income taxes

298

 
 

686

 
 

782

 
 

1,193

 

Effective tax rate

11.9

%

 

28.2

%

 

12.3

%

 

19.3

%

 
 
 
 
 
 
 
 
 
 
 
 

INCOME FROM CONTINUING OPERATIONS

$        2,199

 
 

$        1,744

 
 

$         5,581

 
 

$         4,992

 
 
 
 
 
 
 
 
 
 
 
 
 

DISCONTINUED OPERATIONS

 
 
 
 
 
 
 
 
 
 
 

Income from discontinued operations, net of taxes

(10)

 
 

0

 
 

(10)

 
 

1

 
 
 
 
 
 
 
 
 
 
 
 
 

NET INCOME

$        2,190

 
 

$        1,744

 
 

$         5,571

 
 

$         4,993

 
 
 
 
 
 
 
 
 
 
 
 
 

EARNINGS PER SHARE OF COMMON STOCK

 
 
 
 
 
 
 
 
 
 
 

Assuming dilution

 
 
 
 
 
 
 
 
 
 
 

Continuing operations

$          2.31

 
 

$          1.84

 
 

$           5.86

 
 

$           5.27

 

Discontinued operations

$         (0.01)

 
 

$          0.00

 
 

$          (0.01)

 
 

$           0.00

 

TOTAL

$          2.30

 
 

$          1.84

 
 

$           5.85

 
 

$           5.27

 
 
 
 
 
 
 
 
 
 
 
 
 

Basic

 
 
 
 
 
 
 
 
 
 
 

Continuing operations

$          2.33

 
 

$          1.87

 
 

$           5.93

 
 

$           5.36

 

Discontinued operations

$         (0.01)

 
 

$          0.00

 
 

$          (0.01)

 
 

$           0.00

 

TOTAL

$          2.32

 
 

$          1.87

 
 

$           5.92

 
 

$           5.36

 
 
 
 
 
 
 
 
 
 
 
 
 

WEIGHTED-AVERAGE NUMBER OF COMMON SHARES

OUTSTANDING (M’s)

 
 
 
 
 
 
 
 
 
 
 

Assuming dilution

953.5

 
 

948.9

 
 

953.0

 
 

947.4

 

Basic

944.4

 
 

933.9

 
 

941.4

 
 

930.9

 

 

INTERNATIONAL BUSINESS MACHINES CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEET

 

(Unaudited)

 

($ in millions)

 

At September 30,
2026

 

At December 31,
2025

ASSETS:

 
 
 
 

Current assets:

 
 
 
 

Cash and cash equivalents

 

$                 9,233

 

$              13,587

Restricted cash

 

48

 

54

Marketable securities

 

1,825

 

830

Notes and accounts receivable – trade, net

 

5,794

 

8,112

Short-term financing receivables

 
 
 
 

  Held for investment, net

 

5,638

 

7,344

  Held for sale

 

774

 

1,131

Other accounts receivable, net

 

1,673

 

1,052

Inventories

 

1,945

 

1,220

Deferred costs

 

1,177

 

1,084

Prepaid expenses and other current assets

 

3,083

 

2,530

Total current assets

 

31,192

 

36,944

 
 
 
 
 

Property, plant and equipment, net

 

6,043

 

5,899

Operating right-of-use assets, net

 

3,114

 

3,129

Long-term financing receivables, net

 

6,844

 

7,708

Prepaid pension assets

 

7,715

 

7,544

Deferred costs

 

808

 

825

Deferred taxes

 

8,827

 

8,610

Goodwill

 

74,916

 

67,717

Intangibles, net

 

13,603

 

11,391

Investments and sundry assets

 

1,950

 

2,112

Total assets

 

$             155,011

 

$            151,880

 
 
 
 
 

LIABILITIES:

 
 
 
 

Current Liabilities:

 
 
 
 

Taxes

 

$                 1,867

 

$                2,347

Short-term debt

 

7,013

 

6,424

Accounts payable

 

4,491

 

4,756

Compensation and benefits

 

3,668

 

4,114

Deferred income

 

15,164

 

16,101

Operating lease liabilities

 

749

 

800

Other liabilities

 

3,534

 

4,116

Total current liabilities

 

36,485

 

38,658

 
 
 
 
 

Long-term debt

 

56,804

 

54,836

Retirement-related obligations

 

8,452

 

9,018

Deferred income

 

4,318

 

4,271

Operating lease liabilities

 

2,574

 

2,547

Other liabilities

 

10,172

 

9,810

Total liabilities

 

118,805

 

119,139

 
 
 
 
 

EQUITY:

 
 
 
 

IBM stockholders’ equity:

 
 
 
 

Common stock

 

65,137

 

63,318

Retained earnings

 

156,576

 

155,648

Treasury stock – at cost

 

(171,191)

 

(170,605)

Accumulated other comprehensive income/(loss)

 

(14,985)

 

(15,713)

Total IBM stockholders’ equity

 

35,537

 

32,648

 
 
 
 
 

Noncontrolling interests

 

669

 

93

Total equity

 

36,206

 

32,740

 
 
 
 
 

Total liabilities and equity

 

$             155,011

 

$            151,880

 

INTERNATIONAL BUSINESS MACHINES CORPORATION

STATEMENT OF CASH FLOWS

(Unaudited)

 
 
 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

($ in millions)

 

2026

 

2025 (1)

 

2026

 

2025 (1)

Cash flows from operating activities:

 
 
 
 
 
 
 
 

Net income

 

$     2,190

 

$     1,744

 

$     5,571

 

$     4,993

Adjustments to reconcile net income to cash provided by operating

activities:

 
 
 
 
 
 
 
 

Depreciation (2)

 

550

 

583

 

1,638

 

1,698

Amortization of capitalized software and acquired intangible assets

 

828

 

699

 

2,363

 

2,027

Stock-based compensation

 

535

 

444

 

1,539

 

1,285

Net (gain)/loss on divestitures, asset sales and other

 

(47)

 

(6)

 

(124)

 

(46)

Changes in operating assets and liabilities, net of

acquisitions/divestitures

 

(31)

 

(383)

 

804

 

(804)

Net cash provided by operating activities

 

4,025

 

3,081

 

11,791

 

9,153

 
 
 
 
 
 
 
 
 

Cash flows from investing activities:

 
 
 
 
 
 
 
 

Payments for property, plant and equipment

 

(332)

 

(255)

 

(793)

 

(709)

Proceeds from disposition of property, plant and equipment/other

 

29

 

7

 

60

 

118

Investment in software

 

(154)

 

(162)

 

(467)

 

(476)

Purchases of marketable securities and other investments

 

(1,898)

 

(1,169)

 

(4,769)

 

(8,910)

Proceeds from disposition of marketable securities and other

investments

 

640

 

1,199

 

3,763

 

6,162

Acquisition of businesses, net of cash acquired

 

(884)

 

(58)

 

(11,364)

 

(7,903)

Divestiture of businesses, net of cash transferred

 

28

 

–

 

30

 

(1)

Net cash provided by/(used in) investing activities

 

(2,570)

 

(437)

 

(13,539)

 

(11,719)

 
 
 
 
 
 
 
 
 

Cash flows from financing activities:

 
 
 
 
 
 
 
 

Proceeds from new debt

 

1,978

 

6

 

9,415

 

8,391

Payments to settle debt

 

(120)

 

(1,114)

 

(7,261)

 

(3,679)

Short-term borrowings/(repayments) less than 90 days – net

 

2

 

0

 

3

 

(29)

Common stock repurchases for tax withholdings

 

(352)

 

(414)

 

(817)

 

(851)

Proceeds from issuance of shares

 

143

 

134

 

562

 

535

Noncontrolling interest transactions (3)

 

575

 

–

 

557

 

(15)

Financing – other (3)

 

(24)

 

(54)

 

(98)

 

(93)

Cash dividends paid

 

(1,596)

 

(1,569)

 

(4,762)

 

(4,681)

Net cash provided by/(used in) financing activities

 

607

 

(3,012)

 

(2,402)

 

(423)

 
 
 
 
 
 
 
 
 

Effect of exchange rate changes on cash, cash equivalents and restricted

cash

 

3

 

(59)

 

(209)

 

429

Net change in cash, cash equivalents and restricted cash

 

2,064

 

(426)

 

(4,359)

 

(2,561)

 
 
 
 
 
 
 
 
 

Cash, cash equivalents and restricted cash at the beginning of the period

 

7,217

 

12,026

 

13,640

 

14,160

Cash, cash equivalents and restricted cash at the end of the period

 

$     9,282

 

$   11,600

 

$     9,282

 

$   11,600

____________________

(1) Reclassified to align with the Consolidated Statement of Cash Flows presentation.

(2) Includes operating lease right-of-use assets amortization.

(3) Prior-year amounts have been reclassified to conform to the change in 2026 presentation.

 

INTERNATIONAL BUSINESS MACHINES CORPORATION

GAAP NET INCOME TO ADJUSTED EBITDA RECONCILIATION

(Unaudited)

 
 
 

Three Months Ended

September 30,

 

Nine Months Ended

September 30,

($ in billions)

 

2026

2025

Yr/Yr

 

2026

2025

Yr/Yr

Net income as reported (GAAP)

 

$   2.2

$   1.7

$  0.4

 

$   5.6

$   5.0

$  0.6

Less: income from discontinued operations, net of tax

 

0.0

0.0

0.0

 

0.0

0.0

0.0

Income from continuing operations

 

2.2

1.7

0.5

 

5.6

5.0

0.6

Provision for/(benefit from) income taxes from continuing ops.

 

0.3

0.7

(0.4)

 

0.8

1.2

(0.4)

Pre-tax income from continuing operations (GAAP)

 

2.5

2.4

0.1

 

6.4

6.2

0.2

Non-operating adjustments (before tax)

 
 
 
 
 
 
 
 

Acquisition-related charges (1)

 

0.7

0.6

0.1

 

2.1

1.7

0.3

Non-operating retirement-related costs/(income)

 

0.1

0.0

0.1

 

0.3

0.1

0.2

 
 
 
 
 
 
 
 
 

Operating (non-GAAP) pre-tax income from continuing ops.

 

3.3

3.0

0.3

 

8.7

8.0

0.7

 
 
 
 
 
 
 
 
 

Net interest expense

 

0.4

0.3

0.1

 

1.1

0.9

0.2

Depreciation/amortization of non-acquired intangible assets

 

0.7

0.7

0.0

 

2.1

2.1

0.0

Stock-based compensation

 

0.5

0.4

0.1

 

1.5

1.3

0.3

Workforce rebalancing charges

 

0.0

0.0

0.0

 

0.4

0.4

0.0

Corporate (gains) and charges (2)

 

0.0

0.0

0.0

 

(0.2)

0.0

(0.2)

 
 
 
 
 
 
 
 
 

Adjusted EBITDA

 

$   4.9

$   4.6

$  0.3

 

$ 13.7

$ 12.7

$  1.0

 
 
 
 
 
 
 
 
 

Revenue

 

$ 17.1

$ 16.3

5 %

 

$ 50.2

$ 47.8

5 %

GAAP net income margin

 

12.8 %

10.7 %

2.1pts

 

11.1 %

10.4 %

0.7pts

Adjusted EBITDA margin

 

28.7 %

28.0 %

0.6pts

 

27.2 %

26.5 %

0.8pts

____________________

(1) Primarily consists of amortization of acquired intangible assets.

(2) Primarily consists of unique corporate actions such as gains on divestitures and asset sales.

 

INTERNATIONAL BUSINESS MACHINES CORPORATION

SEGMENT DATA

(Unaudited)

 
 
 

Three Months Ended September 30, 2026

 
 
 
 
 
 
 
 
 
 
 
 
 
 

($ in millions)

 

Software

 
 

Consulting

 
 

Infrastructure

 
 

Financing

 

Revenue

 

$         7,804

 
 

$         5,335

 
 

$            3,707

 
 

$           192

 

Segment profit

 

$         2,734

 
 

$            653

 
 

$               715

 
 

$           108

 

Segment profit margin

 

35.0

%

 

12.2

%

 

19.3

%

 

56.1

%

Change YTY revenue

 

8.2

%

 

0.2

%

 

4.2

%

 

(3.9)

%

Change YTY revenue – constant currency

 

8.7

%

 

1.8

%

 

4.9

%

 

(3.3)

%

 
 
 

Three Months Ended September 30, 2025

 
 
 
 
 
 
 
 
 
 
 
 
 
 

($ in millions)

 

 Software

 
 

Consulting

 
 

Infrastructure

 
 

Financing

 

Revenue

 

$         7,209

 
 

$         5,324

 
 

$            3,559

 
 

$           200

 

Segment profit

 

$         2,374

 
 

$            686

 
 

$               644

 
 

$           123

 

Segment profit margin

 

32.9

%

 

12.9

%

 

18.1

%

 

61.6

%

 
 
 

Nine Months Ended September 30, 2026

 
 
 
 
 
 
 
 
 
 
 
 
 
 

($ in millions)

 

Software

 
 

Consulting

 
 

Infrastructure

 
 

Financing

 

Revenue

 

$        22,617

 
 

$        15,934

 
 

$          10,868

 
 

$           598

 

Segment Profit

 

$          7,335

 
 

$          1,858

 
 

$            2,074

 
 

$           334

 

Segment Profit Margin

 

32.4

%

 

11.7

%

 

19.1

%

 

55.9

%

Change YTY Revenue

 

8.1

%

 

1.5

%

 

2.7

%

 

7.3

%

Change YTY Revenue – Constant Currency

 

7.0

%

 

1.2

%

 

1.9

%

 

5.7

%

 
 
 

Nine Months Ended September 30, 2025

 
 
 
 
 
 
 
 
 
 
 
 
 
 

($ in millions)

 

 Software

 
 

Consulting

 
 

Infrastructure

 
 

Financing

 

Revenue

 

$        20,932

 
 

$        15,706

 
 

$          10,586

 
 

$           557

 

Segment Profit

 

$          6,517

 
 

$          1,807

 
 

$            1,857

 
 

$           371

 

Segment Profit Margin

 

31.1

%

 

11.5

%

 

17.5

%

 

66.5

%

 

INTERNATIONAL BUSINESS MACHINES CORPORATION

U.S. GAAP TO OPERATING (Non-GAAP) RESULTS RECONCILIATION

(Unaudited; $ in millions except per share amounts)

 
 

Three Months Ended September 30, 2026

 
 

Continuing Operations

 
 

GAAP

 
 

Acquisition-

Related

Adjustments (1)

 
 

Retirement-

Related

Adjustments (2)

 
 

Tax

Reform

Impacts

 
 

Operating

(Non-

GAAP)

 

Gross profit

$  9,714

 
 

$                   289

 
 

$                     —

 
 

$         —

 
 

$       10,004

 

Gross profit margin

56.8

%

 

1.7

pts

 

—

pts

 

—

pts

 

58.5

%

SG&A

$  4,620

 
 

$                 (428)

 
 

$                     —

 
 

$         —

 
 

$         4,193

 

Other (income) & expense

(109)

 
 

0

 
 

(91)

 
 

—

 
 

(200)

 

Total expense & other (income)

7,217

 
 

(418)

 
 

(91)

 
 

—

 
 

6,708

 

Pre-tax income from continuing operations

2,497

 
 

707

 
 

91

 
 

—

 
 

3,295

 

Pre-tax margin from continuing operations

14.6

%

 

4.1

pts

 

0.5

pts

 

—

pts

 

19.3

%

Provision for/(benefit from) income taxes (3)

$     298

 
 

$                  166

 
 

$                    20

 
 

—

 
 

$            483

 

Effective tax rate

11.9

%

 

2.5

pts

 

0.3

pts

 

—

pts

 

14.7

%

Income from continuing operations

$  2,199

 
 

$                  542

 
 

$                    71

 
 

$         —

 
 

$         2,812

 

Income margin from continuing operations

12.9

%

 

3.2

pts

 

0.4

pts

 

—

pts

 

16.4

%

Diluted earnings per share: continuing

operations

$    2.31

 
 

$                 0.57

 
 

$                 0.07

 
 

$         —

 
 

$           2.95

 
 
 

Three Months Ended September 30, 2025

 
 

Continuing Operations

 
 

GAAP

 
 

Acquisition-

Related

Adjustments (1)

 
 

Retirement-

Related

Adjustments (2)

 
 

Tax

Reform

Impacts

 
 

Operating

(Non-

GAAP)

 

Gross profit

$  9,360

 
 

$                   231

 
 

$                     —

 
 

$         —

 
 

$         9,591

 

Gross profit margin

57.3

%

 

1.4

pts

 

—

pts

 

—

pts

 

58.7

%

SG&A

$  4,748

 
 

$                 (354)

 
 

$                     —

 
 

$         —

 
 

$         4,394

 

Other (income) & expense

(173)

 
 

(6)

 
 

(13)

 
 

—

 
 

(191)

 

Total expense & other (income)

6,931

 
 

(359)

 
 

(13)

 
 

—

 
 

6,559

 

Pre-tax income from continuing operations

2,430

 
 

590

 
 

13

 
 

—

 
 

3,033

 

Pre-tax margin from continuing operations

14.9

%

 

3.6

pts

 

0.1

pts

 

—

pts

 

18.6

%

Provision for/(benefit from) income taxes (3)

$     686

 
 

$                   136

 
 

$                       3

 
 

$      (309)

 
 

$            516

 

Effective tax rate

28.2

%

 

(1.0)

pts

 

0.0

pts

 

(10.2)

pts

 

17.0

%

Income from continuing operations

$  1,744

 
 

$                   454

 
 

$                     10

 
 

$       309

 
 

$         2,517

 

Income margin from continuing operations

10.7

%

 

2.8

pts

 

0.1

pts

 

1.9

pts

 

15.4

%

Diluted earnings per share: continuing

operations

$    1.84

 
 

$                  0.48

 
 

$                  0.01

 
 

$      0.33

 
 

$           2.65

 

____________________

(1) Includes amortization of acquired intangible assets and acquisition-related charges such as in-process research and development, transaction

     costs, applicable retention, restructuring and related expenses, tax charges related to acquisition integration, and pre-closing charges, such as

     financing costs.

(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.

 

INTERNATIONAL BUSINESS MACHINES CORPORATION

U.S. GAAP TO OPERATING (Non-GAAP) RESULTS RECONCILIATION

(Unaudited; $ in millions except per share amounts)

 
 

Nine Months Ended September 30, 2026

 
 

Continuing Operations

 
 

GAAP

 
 

Acquisition-

Related

Adjustments (1)

 
 

Retirement-

Related

Adjustments (2)

 
 

Tax

Reform

Impacts

 
 

Operating

(Non-

GAAP)

 

Gross Profit

$ 28,571

 
 

$                   813

 
 

$                     —

 
 

$        —

 
 

$    29,384

 

Gross Profit Margin

56.9

%

 

1.6

pts

 

—

pts

 

—

pts

 

58.6

%

SG&A

$ 14,691

 
 

$              (1,257)

 
 

$                     —

 
 

$        —

 
 

$    13,435

 

Other (Income) & Expense

(296)

 
 

1

 
 

(283)

 
 

—

 
 

(578)

 

Total Expense & Other (Income)

22,208

 
 

(1,256)

 
 

(283)

 
 

—

 
 

20,669

 

Pre-tax Income from Continuing Operations

6,363

 
 

2,069

 
 

283

 
 

—

 
 

8,715

 

Pre-tax Margin from Continuing Operations

12.7

%

 

4.1

pts

 

0.6

pts

 

—

pts

 

17.4

%

Provision for/(Benefit from) Income Taxes (3)

$      782

 
 

$                  470

 
 

$                    43

 
 

$         (6)

 
 

$      1,290

 

Effective Tax Rate

12.3

%

 

2.5

pts

 

0.1

pts

 

(0.1)

pts

 

14.8

%

Income from Continuing Operations

$   5,581

 
 

$               1,598

 
 

$                  240

 
 

$          6

 
 

$      7,425

 

Income Margin from Continuing Operations

11.1

%

 

3.2

pts

 

0.5

pts

 

0.0

pts

 

14.8

%

Diluted Earnings Per Share: Continuing

Operations

$     5.86

 
 

$                 1.68

 
 

$                 0.25

 
 

$     0.01

 
 

$        7.79

 
 
 

Nine Months Ended September 30, 2025

 
 

Continuing Operations

 
 

GAAP

 
 

Acquisition-

Related

Adjustments (1)

 
 

Retirement-

Related

Adjustments (2)

 
 

Tax

Reform

Impacts

 
 

Operating

(Non-

GAAP)

 

Gross Profit

$ 27,369

 
 

$                   657

 
 

$                     —

 
 

$        —

 
 

$    28,025

 

Gross Profit Margin

57.2

%

 

1.4

pts

 

—

pts

 

—

pts

 

58.6

%

SG&A

$ 14,661

 
 

$              (1,055)

 
 

$                     —

 
 

$        —

 
 

$    13,606

 

Other (Income) & Expense

(376)

 
 

(7)

 
 

(61)

 
 

—

 
 

(444)

 

Total Expense & Other (Income)

21,184

 
 

(1,066)

 
 

(61)

 
 

—

 
 

20,058

 

Pre-tax Income from Continuing Operations

6,185

 
 

1,723

 
 

61

 
 

—

 
 

7,968

 

Pre-tax Margin from Continuing Operations

12.9

%

 

3.6

pts

 

0.1

pts

 

—

pts

 

16.7

%

Provision for/(Benefit from) Income Taxes (3)

$   1,193

 
 

$                  396

 
 

$                      0

 
 

$     (307)

 
 

$      1,282

 

Effective Tax Rate

19.3

%

 

0.8

pts

 

(0.2)

pts

 

(3.9)

pts

 

16.1

%

Income from Continuing Operations

$   4,992

 
 

$               1,326

 
 

$                    61

 
 

$      307

 
 

$      6,686

 

Income Margin from Continuing Operations

10.4

%

 

2.8

pts

 

0.1

pts

 

0.6

pts

 

14.0

%

Diluted Earnings Per Share: Continuing

Operations

$     5.27

 
 

$                 1.40

 
 

$                 0.06

 
 

$     0.32

 
 

$        7.06

 

____________________

(1) Includes amortization of acquired intangible assets, and acquisition-related charges such as in-process research and development, transaction 

     costs, applicable retention, restructuring and related expenses, tax charges related to acquisition integration, and pre-closing charges, such as

     financing costs.

(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.

 

INTERNATIONAL BUSINESS MACHINES CORPORATION

GAAP OPERATING CASH FLOW TO FREE CASH FLOW RECONCILIATION

(Unaudited)

 
 
 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

($ in millions)

 

2026

 

2025

 

2026

 

2025

Net cash provided by operating activities per GAAP

 

$     4,025

 

$     3,081

 

$   11,791

 

$     9,153

 
 
 
 
 
 
 
 
 

Less: change in IBM Financing receivables

 

541

 

298

 

2,805

 

905

 
 
 
 
 
 
 
 
 

Net cash from operating activities excl. IBM Financing receivables

 

3,484

 

2,783

 

8,986

 

8,248

 
 
 
 
 
 
 
 
 

Capital expenditures, net

 

(457)

 

(410)

 

(1,200)

 

(1,067)

 
 
 
 
 
 
 
 
 

Free cash flow

 

$     3,027

 

$     2,373

 

$     7,787

 

$     7,181

 

INTERNATIONAL BUSINESS MACHINES CORPORATION

GAAP OPERATING CASH FLOW TO ADJUSTED EBITDA RECONCILIATION

(Unaudited)

 
 
 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

($ in billions)

 

2026

 

2025

 

2026

 

2025

Net cash provided by operating activities

 

$   4.0

 

$   3.1

 

$ 11.8

 

$   9.2

 
 
 
 
 
 
 
 
 

Add:

 
 
 
 
 
 
 
 

Net interest expense

 

0.4

 

0.3

 

1.1

 

0.9

Provision for/(benefit from) income taxes from continuing operations

 

0.3

 

0.7

 

0.8

 

1.2

 
 
 
 
 
 
 
 
 

Less change in:

 
 
 
 
 
 
 
 

Financing receivables

 

0.5

 

0.3

 

2.8

 

0.9

Net (gain)/loss on divestitures, assets sales and other (1)

 

0.0

 

0.0

 

(0.1)

 

0.0

Other assets and liabilities/other, net (1,2)

 

(0.7)

 

(0.8)

 

(2.6)

 

(2.2)

 
 
 
 
 
 
 
 
 

Adjusted EBITDA

 

$   4.9

 

$   4.6

 

$ 13.7

 

$ 12.7

 
 
 
 
 
 
 
 
 

Revenue

 

$ 17.1

 

$ 16.3

 

$ 50.2

 

$ 47.8

Net cash provided by operating activities margin

 

23.5 %

 

18.9 %

 

23.5 %

 

19.1 %

Adjusted EBITDA margin

 

28.7 %

 

28.0 %

 

27.2 %

 

26.5 %

____________________

(1) Reclassified to align with the presentation of similar line items in the Statement of Cash Flows.

(2) Mainly consists of Changes in operating assets and liabilities, net of acquisitions/divestitures in the Statement of Cash Flows chart,

      workforce rebalancing charges, non-operating impacts, and corporate (gains) and charges, less the change in Financing receivables.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ibm-releases-third-quarter-results-302915985.html

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Texas Athletics and McCombs School of Business Launch New Bevo Lab, Bringing Together Sports, AI and Analytics

Published

21 minutes ago

on

October 23, 2026

By

Dell Technologies, Google Cloud and SHI International join Texas Athletics to power a first-of-its-kind hub for sports intelligence, data analytics, research, and talent development

AUSTIN, Texas, Oct. 23, 2026 /PRNewswire/ — University of Texas Athletics and the Business of Sports Institute (BOSI) in the McCombs School of Business, in cooperation with Longhorn Sports Properties, today announced the launch of Bevo Lab, a unique collaboration that will serve as higher education’s premier sports intelligence platform and living laboratory—bringing together sports, technology, data analytics, and artificial intelligence (AI) to elevate human performance while expanding hands-on learning opportunities for students.
 

Joined by Dell Technologies, Google Cloud, and SHI International, Texas Athletics is building the premier sports intelligence platform in higher education, creating a standard of excellence that spans 21 intercollegiate teams and over 500 student-athletes. Bevo Lab will leverage AI-driven research and data analytics to deliver real-world solutions to help athletes and coaches become more efficient in their training and preparation while developing a pipeline of students with hands-on experience for sought-after careers in technology and sports analytics.

“With the help of our nationally ranked academic leaders and cutting-edge technology brand sponsors, Bevo Lab will become the global benchmark for innovation in sports AI and data analytics, making Texas Athletics the most data-driven athletic program in the country,” said Chris Del Conte, vice president and Folger Family Athletics Director at The University of Texas. “What starts here changes the world, and this vision will transform collegiate athletics. There is no bigger stage, no more powerful brand and no better time than now to lead in this new evolution of sports technology.”

Del Conte will officially announce Bevo Lab today at Texas’ Business of College Sports Summit.

Named for the university’s esteemed and powerful live mascot, Bevo Lab will be a part of BOSI, an academic and research center in McCombs that combines business education, on-field/on-court performance analytics, applied research, and industry participation. The lab will engage as many as 40 student researchers annually in managing the modeling and data projects under the direction of acclaimed sports data analyst, author, and BOSI executive director Kirk Goldsberry, Ph.D.

“The AI and emerging technologies provided by our industry partners will empower our students and researchers to deliver improved efficiency and increased speed in data analysis to boost performance and improve success,” added Goldsberry. “Bevo Lab will reinforce Texas as a leader in sports analytics and AI and will serve as the blueprint for the future of sports.”

Key innovations driving the Bevo Lab:

Bevo Lakehouse: A unified data warehouse that consolidates previously siloed sports-specific data such as game film and wearable technology into a single platform—starting with football, before expanding across all 21 varsity sports.Predictive AI & analytics models: Custom machine learning frameworks, including “transfer AI” for roster evaluation, designed to give coaches actionable insights for game strategy, scouting, and player development.Tailored front-end applications: Intuitive visual and natural language interfaces built specifically for the distinct daily workflows of athletes, coaches and athletic executives.Next-generation skills training: A hands-on program for UT students to gain AI skills and deploy live applications alongside athletic teams. Through a first-of-its-kind Google Public Sector ambassador program, students will also get to work directly with engineering teams, gaining high-stakes industry experience to launch careers in tech and sports analytics.

Dell Technologies: Powering a New Era in College Athletics

Dell Technologies is deepening its decadeslong relationship with The University of Texas as the premier founding sponsor and the Official Technology Infrastructure Sponsor of Bevo Lab. Building on a broad history of collaboration that spans groundbreaking research at the Texas Advanced Computing Center and technology innovation across Texas Athletics, Dell is providing the secure AI-ready infrastructure that powers Bevo Lab, enabling students, researchers, coaches and student-athletes to transform data into actionable insights, accelerate innovation and elevate human performance.

“Bevo Lab represents the next chapter in Dell Technologies’ longstanding relationship with The University of Texas and our shared commitment to innovation,” said Geraldine Tunnell, chief marketing officer, Dell Technologies. “By providing the secure, AI-ready infrastructure that powers this initiative, we’re enabling students, researchers, coaches and student-athletes to turn data into insight, accelerate innovation and unlock new possibilities for human performance. Together, we’re helping shape the future of sports analytics, research and education.”

Google Cloud: Pioneering AI Breakthroughs from Campus to Game Day

Google Cloud joins Bevo Lab as the Official Cloud Provider and Enterprise AI Provider, establishing a secure, powerful data foundation built for the future of collegiate athletic performance. By leveraging Google Cloud and Gemini, Google’s advanced multimodal, agentic AI, student researchers and athletic staff members can quickly unify vast athletic datasets to generate real-time sports intelligence. Google Public Sector’s Rapid Innovation and Specialty Engineering Teams will collaborate directly with UT coaches and students to prototype new sports technology while mentoring future sports and technology leaders. In fact, early collaboration with Google Public Sector has already introduced AI-driven workflows that save UT coaches more than 15 hours per week in game preparation, giving them critical time back to focus on strategy and player development.

“As a proud UT alum, I am thrilled to see my alma mater leading the charge at the intersection of collegiate sports, academic research, and artificial intelligence,” said Matt Renner, president and chief revenue officer of Google Cloud. “Bevo Lab will establish a new global benchmark for sports innovation, directly enhancing how the Longhorns will train, game plan, and compete on the field while providing a premier launchpad for the next generation of tech and sports analytics leaders. By putting our advanced data analytics platforms and Gemini models into the hands of UT students, coaches, and researchers, we are building a secure foundation for sports intelligence that will define the future of the industry.”

SHI International: Uniting Strategy and Integration for the Win

Founding sponsor SHI will serve as the strategic technology and solutions integrator of Bevo Lab, translating Texas Athletics’ vision into a secure, scalable technology architecture. Drawing on its deep expertise across IT infrastructure, cloud, AI and cybersecurity, SHI will orchestrate the partner ecosystem, ensuring multiple technologies across Bevo Lab operate as one unified platform for sports innovation that will evolve with the university’s athletic performance and provide research and workforce development opportunities for students managing the data analytics projects.

“For nearly four decades, customers have trusted SHI to bring together the right technologies, partners and expertise to build, manage and secure some of the world’s most complex IT environments,” said Jack Hogan, vice president of Advanced Growth Technologies at SHI International. “As the strategic technology and solutions integrator of Bevo Lab, we are thrilled to turn best-of-breed infrastructure, cloud, data, AI and security technologies into one trusted, scalable environment that enables Texas Athletics, coaches, student-athletes and researchers to achieve greatness on the playing field, in the lab, in the classroom and throughout their post-college careers.”

Strategic Collaboration Across Athletics and Industry

Longhorn Sports Properties, the Austin-based division of college media and technology leader Learfield, assisted in the development of Bevo Lab and secured its founding corporate sponsors.

“Bevo Lab is a cutting-edge collaboration that will make a tremendous positive impact on our coaches, our student-athletes and the university,” said Lucas Motta, vice president of Longhorn Sports Properties. “We are excited to lock arms with Dell Technologies, Google Cloud and SHI as leaders within their industry, and together we will help power Texas Athletics to even more championships while preparing our students for the new era in the tech workforce.”

Bevo Lab will be housed in Innovation Tower adjacent to the UT campus and in the heart of Austin’s Innovation District. A dedicated microsite that details Bevo Lab and its research will be available at texaslonghorns.com/bevolab.

About Dell Technologies
Dell Technologies (NYSE: DELL) helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry’s broadest and most innovative technology and services portfolio for the AI era.
 

About Google Cloud
Google Cloud offers a powerful, optimized AI stack—including AI infrastructure, leading models like Gemini, data management capabilities, multicloud security solutions, developer tools and platform, as well as agents and applications—that enables organizations to transform their business for the Agentic Era. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner.

About SHI International
SHI International is a $16 billion transformational technology solutions integrator serving the needs of more than 17,000 corporate, enterprise, public sector and academic customer organizations around the world. It helps companies achieve business goals through the use of technologies ranging from software licensing and end user computing devices to innovative cloud and edge solutions. With over 7,000 employees worldwide, SHI is the largest Minority and Woman Owned Business Enterprise (MWBE) in the U.S.

About Learfield
Learfield is the leading media and technology company powering college athletics. Through its digital and physical platforms, Learfield owns and leverages a deep data set and relationships in the industry to drive revenue, growth, brand awareness, and fan engagement for brands, sports, and entertainment properties. With ties to over 1,200 collegiate institutions and over 12,000 local and national brand partners, Learfield’s presence in college sports and live events delivers influence and maximizes reach to target audiences. With solutions for a 365-day, 24/7 fan experience, Learfield enables schools and brands to connect with fans through licensed merchandise, game ticketing, donor identification for athletic programs, exclusive custom content, innovative revenue generation solutions, student-athlete marketing initiatives, and advanced digital platforms. Since 2008, it has served as title sponsor for the acclaimed Learfield Directors’ Cup, supporting athletic departments across all divisions. 

Media contacts:
University of Texas Athletics: John Bianco, john.bianco@athletics.utexas.edu, 512-471-1346

Longhorn Sports Properties/Learfield: Tammy Purves, tammy.purves@learfield.com, 404-932-3266

McCombs School of Business: Judie Kinonen, Judie.Kinonen@mccombs.utexas.edu, 409-356-3324

Dell Technologies: Lauren Mauro, media.relations@dell.com.

Google Cloud: press@google.com

SHI: Kaitlynn Cooney, SHI-PR@walkersands.com

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SOURCE Learfield

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Technology

XbotGo Named World’s No. 1 Consumer Team Sports AI Tracking Camera Brand

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21 minutes ago

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October 23, 2026

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XbotGo recognized as the market leader in consumer team sports AI tracking technology based on 2025 unit sales.  

MOUNTAIN VIEW, Calif., Oct. 23, 2026 /PRNewswire/ — XbotGo is proud to announce that it has officially been recognized as the World’s No. 1 Consumer Team Sports AI Tracking Camera Brand by China Insights Consultancy (CIC), a premier independent market research and consulting firm.  

The certification, issued in October 2026 under research registration number ⁠CIC-2026-985176⁠, is based on a comprehensive evaluation of global unit sales volume throughout the 2025 calendar year. The market research specifically measures consumer-grade camera devices designed for team sports, such as basketball and football, that leverage advanced computer vision and artificial intelligence algorithms to automatically track athletes and capture dynamic gameplay without manual operation.  

“This global market recognition is a powerful testament to the hard work of our engineering teams and the trust our community places in us every day,” said Dr. David Tan, CEO of XbotGo. “From everyday parents and local youth coaches to elite amateur athletes, our mission has always been to make professional-grade sports analysis and hands-free recording accessible to everyone. Being named the global sales leader proves that our vision is resonating worldwide.”

The XbotGo Falcon series combines ultra-sharp 4K resolution, intelligent multi-player tracking, instant highlight creation, and seamless livestreaming capabilities into a compact, subscription-free device. By eliminating the need for a dedicated camera operator, XbotGo empowers teams and families to preserve and analyze every pivotal moment effortlessly.

To learn more about the XbotGo Falcon and explore its award-winning AI tracking technology, visit xbotgo.com.

About XbotGo

XbotGo was founded in 2021 by Dr. David Tan—a computer vision expert, hardware innovator, and devoted soccer dad. Like every parent on the sidelines, he found traditional cameras either too complex or too costly to capture his child’s moments on the field. That frustration sparked a vision: to make sports recording accessible to all through AI. Today, XbotGo is a global AI sports technology company owned by Blink Tech, headquartered in Silicon Valley, California, with R&D centers across Silicon Valley, Beijing, Shenzhen, and Suzhou.

Media Contact:
XbotGo
Gabriel Roxas
PR@xbotgo.com

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/xbotgo-named-worlds-no-1-consumer-team-sports-ai-tracking-camera-brand-302917631.html

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Technology

DataBeyond Showcases PICKINGMAN in Global Livestream from Operating Waste-Sorting Facility

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21 minutes ago

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October 23, 2026

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DONGGUAN, China, Oct. 23, 2026 /PRNewswire/ — DataBeyond showcased PICKINGMAN, its embodied AI robot for mixed municipal solid waste sorting, during the robot’s first global public livestream at 8 a.m. Beijing time on October 22. The broadcast took place at the Liaobu Municipal Solid Waste Integrated Treatment Center in Dongguan.

Built for Waste-Sorting Conditions

The broadcast demonstrated the robot working on an operating sorting line, highlighting the application of embodied AI to demanding industrial tasks involving mixed materials, dirty conditions and repetitive manual labor. PICKINGMAN began operating at the facility on September 22.

PICKINGMAN features dual arms with a total of 14 degrees of freedom, IP65-rated dust and water protection, and a maximum picking rate of 3,600 picks per hour. Designed to support continuous 24/7 operation, it can sort recyclables including PET bottles and trays, PP containers, PE items, aluminum cans and glass. It coordinates perception, decision-making and motion control to identify and pick target materials on a moving conveyor.

Project Results

Jointly developed by DataBeyond and Guangdong Dongshi Environment Co., Ltd., the Liaobu project combines robotic picking with AI optical sorting and other processing equipment. According to project data, the complete sorting line can process 50 metric tons of mixed municipal solid waste in four hours, achieving approximately 35% waste reduction and 25% resource recovery. Previously, sorting recyclables from the same volume required four skilled workers working for eight hours.

The integrated line separates recyclables for downstream recovery before residual waste is compressed and sent for further treatment, connecting resource recovery with existing waste management operations.

Workforce Benefits and Next Steps

For operators facing recruitment and retention challenges, robotic picking offers an alternative to repetitive manual sorting. The project aims to reduce workers’ direct contact with waste and enable personnel to focus on equipment inspection, production coordination and other technical roles.

“During the livestream, we identified areas where the robot still needs improvement,” said DataBeyond’s Mo Zhuoya. “Bridging the gap between R&D and industrial deployment requires engineering experience. We will accelerate product iteration and conduct longer global livestreams.”

About DataBeyond

DataBeyond develops AI-powered optical sorting equipment and robotic solutions for recycling and solid waste processing. The company integrates AI and multisensor technologies to improve material separation and support resource recovery.

Media Contact

Felix WU
marketing@databeyond.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/databeyond-showcases-pickingman-in-global-livestream-from-operating-waste-sorting-facility-302918041.html

SOURCE DataBeyond

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