Reference

What is PCM audio?

PCM (Pulse Code Modulation) represents an audio waveform as a sequence of numerical sample values. Sample rate says how often the waveform is sampled; bit depth says how each sample value is represented.

PCM is a representation, not one file extension. PCM audio can appear in WAV, AIFF, CAF and many professional containers, or as an intermediate signal inside software and hardware.

The main PCM properties

PropertyWhat it meansExamples
Sample rateSamples per second per channel44.1, 48, 96, 192 kHz
Bit depth / precisionHow sample amplitude is represented16, 20, 24, 32-bit integer; 32/64-bit float in many workflows
ChannelsIndependent audio streams/positionsMono, stereo, 5.1, 7.1 and beyond depending on container/system
CompressionPCM itself is normally uncompressedFLAC/ALAC can losslessly compress PCM-derived audio

How uncompressed PCM bitrate is calculated

sample rate × bits per sample × channels. CD audio is 44,100 × 16 × 2 = 1,411,200 bit/s, or 1411.2 kbps before file/container overhead.

PCM is not WAV

WAV is a RIFF-based container. PCM is one of the most common payload formats inside WAV, but WAV can describe other encodings too. Likewise, PCM can be stored somewhere other than WAV. See What is WAV?.