Hyperscaler capex

IBM capex, CY2025 Q3

IBM reported $410M of capex for CY2025 Q3, the quarter covering July to September 2025.

IBM sells hybrid cloud software, infrastructure and consulting to enterprises, and operates IBM Cloud. The capex measure is company-wide and net of offsets.

Capex, CY2025 Q3$410M

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Every field, with its source

Source per value
Reported quarter
CY2025 Q3 1
Calendar quarter
2025 Q3 1
Capex (USD million)
410 1
“(410)”
Capex definition
Company-wide net capital expenditures used in IBM's operating-cash-flow to free-cash-flow reconciliation. 1

Sources

  1. IBM newsroom: IBM CY2025 Q3 accessed 2026-11-11

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