Instructions per second (IPS) is a measure of a computer's processor speed. Many reported IPS values have represented "peak" execution rates on artificial instruction sequences with few branches, whereas realistic workloads typically lead to significantly lower IPS values. Memory hierarchy also greatly affects processor performance, an issue barely considered in IPS calculations. Because of these problems, synthetic benchmarks such as Dhrystone are now generally used to estimate computer performance in commonly used applications, and raw IPS has fallen into disuse.
The term is commonly used in association with a numeric value such as thousand instructions per second (TIPS), million instructions per second (MIPS), and billion instructions per second (GIPS).
IPS can be calculated using this equation:
See "Instructions per cycle" (IPC for microarchitectures).
Before standard benchmarks were available, average speed rating of computers was based on calculations for a mix of instructions with the results given in kilo Instructions Per Second (kIPS). The most famous was the Gibson Mix, produced by Jack Clark Gibson of IBM for scientific applications. Other ratings, such as the ADP mix which does not include floating point operations, were produced for commercial applications. The thousand instructions per second (kIPS) unit is rarely used today, as most current microprocessors can execute at least a million instructions per second.
The speed of a given CPU depends on many factors, such as the type of instructions being executed, the execution order and the presence of branch instructions (problematic in CPU pipelines). CPU instruction rates are different from clock frequencies, usually reported in Hz, as each instruction may require several clock cycles to complete or the processor may be capable of executing multiple independent instructions simultaneously. MIPS can be useful when comparing performance between processors made with similar architecture (e.g. Microchip branded microcontrollers). They are difficult to compare between differing CPU architectures.
For this reason, MIPS has become not a measure of instruction execution speed, but task performance speed compared to a reference. In the late 1970s, minicomputer performance was compared using VAX MIPS, where computers were measured on a task and their performance rated against the VAX 11/780 that was marketed as a 1 MIPS machine. (The measure was also known as the VAX Unit of Performance or VUP.) This was chosen because the 11/780 was roughly equivalent in performance to an IBM System/370 model 158-3, which was commonly accepted in the computing industry as running at 1 MIPS.