IBM CEO Sees Quantum Earnings Impact by 2028-29

Krishna made the remarks during a conference call with analysts after IBM released its quarterly earnings report. He said the company's quantum computing division is on track to deliver commercial value within the next few years, as the technology moves from research to practical applications.

IBM has been investing heavily in quantum computing, including the development of its Condor processor, which has over 1,000 qubits. The company is also working on error correction and software tools to make quantum systems more reliable and accessible to businesses.

Krishna noted that while quantum computing is still in its early stages, IBM expects to see a "measurable impact" on its financials by 2028 or 2029. He cited potential use cases in chemistry, logistics, and artificial intelligence as areas where quantum could provide a competitive advantage.

The CEO's timeline aligns with industry predictions that quantum computers will start solving practical problems within the next decade. IBM's approach includes offering cloud access to its quantum systems, allowing clients to experiment with the technology before full-scale adoption.

IBM's stock rose slightly in after-hours trading following the earnings release. The company reported overall revenue growth in its software and consulting segments, but Krishna's comments on quantum highlighted its long-term strategy to diversify beyond traditional hardware sales.