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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.

 

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SOURCE IBM

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Technology

Axon Announces Body 5: Next-Generation Camera Built for the AI Era

Published

3 hours ago

on

October 24, 2026

By

Axon Body 5 delivers 25x the AI processing power of earlier-generation cameras, with upgraded connectivity, audio and battery life to support real-time situational awareness in the field

SCOTTSDALE, Ariz., Oct. 24, 2026 /PRNewswire/ — Axon (Nasdaq: AXON), the global leader in public safety technology, today announced Axon Body 5, its newest body-worn camera designed to bring more powerful intelligence, connectivity and real-time support directly to officers in the field.

For years, Axon body cameras have helped agencies capture critical evidence and create greater transparency. Body 5 is built to help officers during the call, with information, assistance and backup on the spot.

“Officers shouldn’t have to choose between getting information and watching the scene. With Axon Body 5, they don’t,” said Rick Smith, Axon Founder and CEO. “They capture a license or document with the camera, keep their hands free and eyes up, and get information faster than writing it down and calling it in by radio. An officer fully engaged with the person in front of them, not down at a notepad, is a safer officer and a better-served community.”

Axon Body 5: Built for the AI Era

Built from the ground up for the AI era, Axon Body 5 delivers 25x the AI processing power than earlier generation Axon body cameras, alongside advancements in connectivity, audio, video and battery life. Together, these upgrades give the camera the physical power to run smarter AI features — both today and as new AI tools are developed in the future — while also making it more dependable for officers to use every day. 

For the first time, Axon is also introducing two versions of its latest flagship camera: Axon Body 5 and Axon Body 5 Pro.

Both models feature several key advancements, including:

25x more processing power for AI: A powerful new computing architecture creates the capacity to support current and future AI features directly on the body camera.Enhanced video: Improved video captures clearer evidence across challenging environments, including better low-light performance.Improved connectivity: Seamless connectivity in urban and remote environments – and more precise location capability – helps officers, cameras and remote support teams stay connected when timely information matters most.Longer battery life: 20% more battery life than the previous generation helps keep the camera ready and connected throughout an officer’s shift.

The Axon Body 5 Pro will continue to gain new AI capabilities as they become available, growing along with the AI Era Plan. Additionally, new hardware features include:

A near-focus camera: An additional dedicated camera lens lets officers scan driver’s licenses to check status and search for wants or warrants in seconds, without returning to the patrol vehicle, with relevant information sent to Axon Fusus to support real-time operations.Front-facing speakers: Four additional speakers project even more powerful audio toward the person an officer is speaking with, helping real-time translations from Axon Assistant carry more clearly over heavy traffic or crowd noise. Additional memory: Extra space lets the camera run several AI tools at once, helping officers stay better informed and work faster.

Bringing More of Axon’s AI Era Into the Field

Axon Body 5 helps officers get more out of the Axon AI Era Plan by bringing smart tools right to the scene. Axon’s portfolio already supports public safety professionals across a growing range of tasks. For example, Draft One helps officers turn body-camera audio into high-quality report drafts and Axon Assistant provides voice-based information access and real-time translation.

Increasingly, Axon is also bringing AI into real-time operations.

Axon Guardian is a new category of AI features within the AI Era Plan that was specifically created to work with an officer’s field-based devices – starting with body cameras and in-car cameras – to improve safety. Guardian is designed to flag potential risks as situations unfold and create alerts when additional attention may be needed. Two of the first features include:

Escalation Detection: When an Axon Body 4 or Axon Body 5 camera is activated and recording, Guardian has the ability to detect potential conflicts in real time and create an alert in Axon Fusus. A human reviews the livestream and decides if additional support or action is needed.Approach Alert: When active on Axon Fleet 3, Guardian can detect if the door of a stopped vehicle opens and alert the officer through the in-car display and their body-worn camera.

Combined, Axon Body 5 and the expanding AI Era portfolio demonstrate the importance of AI as a critical resource to assist public safety professionals before, during and after an incident — reducing administrative burden, improving situational awareness and helping protect more lives.

Innovating Responsibly

Axon’s Responsible Innovation framework guides the development of all of its products. Designed with this in mind, Axon Body 5 and Guardian prioritize human oversight and maintain agency control over data. As a key part of the responsible innovation process, Axon’s independent Ethics and Equity Advisory Council was created to help responsibly develop and deploy new technologies with transparency, while aligning with community expectations.

General availability dates for Axon Body 5 and Axon Guardian will be announced soon. Product features and capabilities vary by configuration. For more information on Axon’s current products and services: Axon Product Catalog – Axon.com.

About Axon
Axon (Nasdaq: AXON) is the global leader in public safety technology supporting state, local, federal and international public safety agencies with technology designed to Protect Life. Complementing its mission, Axon’s growing Enterprise market focuses on protecting critical infrastructure and frontline workers across multiple industries including corporate security, hospitality, retail and healthcare. Founder-led since 1993, Axon builds products with transparency and responsibility. From TASER energy devices to today’s connected network of hardware – including cameras, drones, and robotics – cloud software, sensors, and AI-tools, the Axon ecosystem helps seamlessly protect people and places when it matters most. To ensure these technologies align with community expectations, Axon’s independent Ethics & Equity Advisory Council guides the ethical, inclusive, and accountable design of its products and services. Learn more about the EEAC and Axon’s Responsible Innovation framework at Axon Responsibility. 

Non-Axon trademarks are the property of their respective owners. Axon, TASER and the Delta Logo are trademarks of Axon Enterprise, Inc., some of which are registered in the US and other countries. For more information, visit www.axon.com/legal. All rights reserved.

Please visit https://investor.axon.com and https://www.axon.com/newsroom for more information.

Media Contact:
Kate MacKinnon
Vice President, Communications
press@axon.com

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SOURCE Axon

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Technology

In HelloNation, Custom Fabrication Expert Mark Coyle Explains a Common Mistake in Custom Aluminum Design

Published

4 hours ago

on

October 24, 2026

By

The article explains why smart geometry, not thicker walls, creates stronger, more efficient aluminum components.

ROCHESTER, N.Y., Oct. 24, 2026 /PRNewswire/ — What early design choice causes many custom aluminum projects to become heavier, costlier, or harder to manufacture? That question is addressed in a HelloNation article featuring insights from Custom Fabrication Expert Mark Coyle of American Custom Metals, Inc. in Rochester, New York, that outlines how misunderstanding aluminum behavior leads designers to rely on thick walls instead of stronger geometry.

The article begins by explaining that many people assume thicker walls automatically make aluminum parts stronger. It notes that aluminum does not respond to wall thickness the way steel does. Instead, its performance is shaped by how the metal flows through the extrusion die. The article states that custom aluminum design is more effective when profiles use ribs, chambers, and flanges to create stiffness without adding unnecessary weight. This guidance helps readers understand why adding material often increases cost without improving strength.

The article also highlights that thicker walls change how aluminum moves during extrusion. When heavy areas fill more slowly, the metal cools unevenly and can develop stress that only appears later. The HelloNation piece explains that well-balanced geometry keeps extrusion smooth and predictable. This consistency makes it easier to maintain dimensional accuracy across long production runs. By focusing on geometry, custom aluminum design avoids the problems that come with slow extrusion speeds and uneven cooling.

Another insight in the article centers on how ribs and internal supports influence stability. It describes how a thin wall supported by a properly placed rib often performs better than a thick wall with no reinforcement. This happens because the rib helps distribute load, improve stiffness, and guide the aluminum as it cools. The article explains that this structural approach makes custom aluminum design more efficient and gives designers more control over how the final part behaves under pressure.

The article also shows why early collaboration between designer and fabricator prevents costly changes. It states that a fabricator familiar with extrusion can catch potential issues before a die is built. Small adjustments to corners or transitions can remove weak points or improve metal flow. The article notes that this teamwork keeps the design aligned with real-world production. By working together early, both sides reduce the risk of redesigning the die after the first test run.

Machining is another area where the article explains how wall thickness affects performance. Features such as deep pockets or sharp internal angles may require slow feed rates or special tooling. When walls are thicker than needed, those areas can become difficult to machine cleanly. The article states that thoughtful custom aluminum design makes machining more predictable. Small changes, such as adding radiused edges or sizing features to match standard tools, help shorten cycle times and prevent tool wear.

Thermal behavior receives detailed attention as well. The article explains that aluminum retains heat differently depending on the mass of each section. Thicker walls hold heat longer, which increases the chance of distortion during extrusion, machining, or finishing. When a design uses geometry to create strength, the material cools more evenly. This reduces warping and helps long profiles stay aligned. The article notes that stable cooling is important for components that require a precise fit and consistent shape throughout an entire production run.

Cost is also a key topic in the article. It states that heavier profiles increase material use, extrusion time, and tooling needs. A custom aluminum design that relies on geometry instead of mass lowers material consumption and keeps the fabrication process efficient. The article explains that lighter parts are easier to handle, ship, and assemble. This saves money across multiple stages of production and supports long-term manufacturing efficiency.

The article also notes that smart custom aluminum design creates profiles that behave predictably during extrusion and machining. Smooth transitions, balanced wall dimensions, and structural features help reduce the chance of distortion or dimensional drift. These elements also lower scrap rates and support reliable performance. By using geometry instead of excess material, designers build parts that maintain strength without compromising manufacturability.

As the article concludes, it emphasizes that avoiding thick walls is one of the best ways to improve performance and lower cost. It states that the most dependable custom aluminum components come from designs that use structural features to strengthen the profile. When designers understand how aluminum behaves at each stage of extrusion and machining, they create parts that are strong, efficient, and consistent from batch to batch. This approach turns custom aluminum design into a predictable process rather than a series of uncertain adjustments.

A Common Mistake in Custom Aluminum Design features insights from Mark Coyle, Custom Fabrication Expert of Rochester, NY, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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World Young Scientist Summit 2026 Opens in Wenzhou, Zhejiang

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October 24, 2026

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WENZHOU, China, Oct. 24, 2026 /PRNewswire/ — This is a report by China Daily:

On October 24, the World Young Scientist Summit 2026 opened in Wenzhou, Zhejiang. The event is hosted by the China Association for Science and Technology (CAST), the Zhejiang Provincial People’s Government, and the World Association of Young Scientists. Nearly 800 representatives, including scientists, educators, and entrepreneurs from more than 60 countries and regions, are attending the summit.

He Junke, Vice President of CAST in charge of daily work and First Secretary of its Secretariat; Lian Yimin, Chairman and Party Group Secretary of the Zhejiang Provincial Committee of the Chinese People’s Political Consultative Conference; Marcelo Knobel, Executive Director of The World Academy of Sciences; and Zhang Zhenfeng, Member of the Standing Committee of the CPC Zhejiang Provincial Committee and Secretary of the CPC Wenzhou Municipal Committee, attended the summit and delivered remarks. Yao Gaoyuan, Vice Governor of the Zhejiang Provincial People’s Government, presided over the first segment of the plenary session.

With the theme “Gathering Talents Worldwide to Create a Better Future,” the summit’s annual agenda is “Global Youth Action in the AI Era: Building a Sustainable Future.” It aims to draw on the insights of young people around the world, deepen international sci-tech cooperation, and jointly address questions about young people, science, the world and the future.

Efim Zelmanov, Fields Medalist and Foreign Member of the Chinese Academy of Sciences; Chen Yunji, Deputy Director of the Institute of Computing Technology, CAS, and Director of the National Key Laboratory of Processor Chips; Mary Garson, President of the International Union of Pure and Applied Chemistry; and Lu Chaoyang, Member of the Standing Committee of CAST, Executive Dean of the Shanghai Institute of Advanced Study, University of Science and Technology of China, and Chairman of the Council of the World Association of Young Scientists, delivered keynote speeches respectively on education reform in the AI era, AI and processor chips, young women scientists’ participation in science, and quantum computing. They explored new opportunities for scientific research, talent cultivation, and international cooperation in the AI era.

This year’s summit placed greater emphasis on the growth needs of young scientists, with young talents under the age of 45 accounting for 88 percent of participants. It aimed to build a cluster of international journals, bring together young scientific talent, facilitate a batch of international collaborative projects and advance the application and commercialization of scientific and technological achievements. The summit released the Report on the Distribution and Mobility of Young Scientists in the Field of Embodied Intelligence, launched the World Young Scientist Summit Partner Journal Program and the 2026 World Young Scientist Innovation and Entrepreneurship Growth Support Program. It also published the “Young Scientist Pioneers 2035” list and announced the 2026 Sustainable Development Young Scientist Award. The awards were presented to four Chinese and foreign scientists.

Chen Tianrun, Founder of Hangzhou Moxin Technology Co., Ltd.; Yuan Yang, Assistant to the Dean of the Institute for Interdisciplinary Information Sciences at Tsinghua University; and two of the 2026 Sustainable Development Young Scientist Award winners, César de la Fuente and Nicola Segata, among other Chinese and foreign young scientist representatives, spoke at the flash-talk session to share their research practices and reflections.

In addition, the conference focused on fields such as future manufacturing, quantum information, embodied intelligence, brain-computer intelligence, environmental science, deep-sea resources, and life and health, and held 12 parallel forums. It also included the “Gravitation π” Future Technology and Concept Products Exhibition and Exchange, local thematic side events, and sci-tech and humanities study visits, further building an interdisciplinary, cross-regional and cross-sector platform for youth sci-tech exchange and cooperation.

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