IBM CEO Predicts Quantum Computing Will Have Measurable Revenue Impact by 2028

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International Business Machines Corp CEO Arvind Krishna said quantum computing could begin making a measurable contribution to the company's revenue and profit by 2028 or 2029. Speaking on CNBC's Mad Money, Krishna stated that by the end of the 2030s, IBM is now pretty convinced the technology represents a trillion dollars of value. IBM and quantum startup Algorithmiq also unveiled research demonstrating quantum advantage, with Krishna noting the technology revealed previously unobserved material behaviors that could support advances in batteries, new materials, fusion energy, and drug development. IBM is investing in quantum chip manufacturing, including a standalone foundry backed by a $1 billion commitment from the U.S. Department of Commerce and matched by another $1 billion from IBM. Krishna also addressed a recent stock sell-off after preliminary second-quarter results, saying about 40% of delayed customer deals have already closed, signaling deferral rather than destruction, as IBM posted second-quarter revenue of $17.16 billion and adjusted earnings of $2.93 per share.

Impact on stocks 1

Quantum Computing▲ · 1 stocks
International Business Machines
IBM
▲ PositiveTechnologyCapitalrelevance

CEO predicts quantum computing revenue contribution by 2028-2029 and highlights quantum advantage research.

Theme Impact 2

Off-coverage companies 1

AlgorithmiqPrivate▲ Positive
Technologyrelevance

Algorithmiq collaborated with IBM on quantum advantage research, enhancing its credibility.

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