Revenue$17.2BQ2-2026 | SEC structured dataSource detailHide detail
Capital expenditures$229MQ2-2026 | SEC structured dataSource detailHide detail
Net income$2.2BQ2-2026 | SEC structured dataSource detailHide detail
Source-reviewed points7Latest: Cloud/AI segment revenueSource detailHide detail
Cloud/AI segment revenue | Q1-2026: $1.9B
Cloud/AI segment revenue | Q3-2025: $1.9B
Cloud/AI segment revenue | Q2-2025: $1.8B
Cloud/AI segment revenue | Q1-2025: $1.7B
Cloud/AI segment revenue | Q3-2024: $1.7B
Cloud/AI segment revenue | Q2-2024: $1.5B
Cloud/AI segment revenue | Q1-2024: $1.5B
SEC structured data
SEC Structured Data Trend Charts
Points render directly from data.sec.gov company-facts provenance and carry the filing tag used for extraction.
Revenue
Source trail for rendered points
Revenue · Q1-2023: $14.3B
Revenue · Q2-2023: $15.5B
Revenue · Q3-2023: $14.8B
Revenue · Q1-2024: $14.5B
Revenue · Q2-2024: $15.8B
Revenue · Q1-2025: $14.5B
Revenue · Q3-2025: $16.3B
Revenue · Q1-2026: $15.9B
Revenue · Q2-2026: $17.2B
Capital expenditures
Source trail for rendered points
Capital expenditures · Q3-2021: $558M
Capital expenditures · Q1-2022: $281M
Capital expenditures · Q3-2022: $317M
Capital expenditures · Q4-2022: $401M
Capital expenditures · Q1-2023: $300M
Capital expenditures · Q2-2023: $364M
Capital expenditures · Q3-2023: $281M
Capital expenditures · Q1-2024: $239M
Capital expenditures · Q1-2025: $244M
Capital expenditures · Q3-2025: $255M
Capital expenditures · Q1-2026: $232M
Capital expenditures · Q2-2026: $229M
Net income
Source trail for rendered points
Net income · Q1-2023: $927M
Net income · Q2-2023: $1.6B
Net income · Q3-2023: $1.7B
Net income · Q1-2024: $1.6B
Net income · Q2-2024: $1.8B
Net income · Q3-2024: -$330M
Net income · Q1-2025: $1.1B
Net income · Q2-2025: $2.2B
Net income · Q3-2025: $1.7B
Net income · Q4-2025: $5.4B
Net income · Q1-2026: $1.2B
Net income · Q2-2026: $2.2B
Source-reviewed history
Source-Reviewed Operating Series
Cloud/AI segment revenue
Is AI revenue scaling with AI capex — the payback question.
Hybrid Cloud (Red Hat)
| Period | Measure | Value |
|---|
| Q1-2024 | Hybrid Cloud (Red Hat) | $1.5B |
| Q2-2024 | Hybrid Cloud (Red Hat) | $1.5B |
| Q3-2024 | Hybrid Cloud (Red Hat) | $1.7B |
| Q1-2025 | Hybrid Cloud (Red Hat) | $1.7B |
| Q2-2025 | Hybrid Cloud (Red Hat) | $1.8B |
| Q3-2025 | Hybrid Cloud (Red Hat) | $1.9B |
| Q1-2026 | Hybrid Cloud (Red Hat) | $1.9B |
Source trail for rendered points
Hybrid Cloud (Red Hat) · Q1-2024: $1.5B
Quote
“For the three months ended March 31: 2025 2024 ... Software revenue: $6,336 $5,899 ... Hybrid Cloud $1,687 $1,510”
Hybrid Cloud (Red Hat) · Q2-2024: $1.5B
Quote
“For the three months ended June 30: 2025 2024 ... Software revenue: $7,387 $6,739 ... Hybrid Cloud $1,796 $1,547”
Hybrid Cloud (Red Hat) · Q3-2024: $1.7B
Quote
“For the three months ended September 30: 2025 2024 ... Software revenue: $7,209 $6,524 ... Hybrid Cloud $1,886 $1,659”
Hybrid Cloud (Red Hat) · Q1-2025: $1.7B
Quote
“For the three months ended March 31: 2025 2024 ... Software revenue: $6,336 $5,899 ... Hybrid Cloud $1,687 $1,510”
Hybrid Cloud (Red Hat) · Q2-2025: $1.8B
Quote
“For the three months ended June 30: 2025 2024 ... Software revenue: $7,387 $6,739 ... Hybrid Cloud $1,796 $1,547”
Hybrid Cloud (Red Hat) · Q3-2025: $1.9B
Quote
“For the three months ended September 30: 2025 2024 ... Software revenue: $7,209 $6,524 ... Hybrid Cloud $1,886 $1,659”
Hybrid Cloud (Red Hat) · Q1-2026: $1.9B
Quote
“For the three months ended March 31: 2026 2025 ... Software revenue: $7,052 $6,336 ... Hybrid Cloud $1,905 $1,687”
Current source layer
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No current-period source-backed data for this entity.
Source-backed timeline
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Honest gaps
Excluded and Undisclosed Items
Rejected items exist in the audited workflow when source, quote, or period checks fail; they are excluded from every displayed chart and table.