Revenue segments as reported by the company.

Software

Consulting

Infrastructure

Financing

Cloud & Cognitive Software

Global Business Services

Global Technology Services

Systems

Global Financing

Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

SG&A

Intellectual property and custom development income

Other expense

Interest expense

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

International Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Software, Consulting, Infrastructure, Financing, and Other. The Software segment combines hybrid cloud platform and software solutions to help clients become more data-driven, and to automate, secure and modernize their environments. It includes all software, except operating system software reported in the Infrastructure segment. The Consulting segment provides capabilities in business transformation and technology implementation. Consulting designs and builds open, hybrid cloud architectures and optimizes key workflows and business processes with IBM and ecosystem partner technologies. The Infrastructure segment offers solutions for hybrid cloud, and is the foundation of the hybrid cloud stack. Infrastructure is optimized for infusing AI into mission-critical transactions and tightly integrated with IBM Software including Red Hat for accelerated hybrid cloud benefits. Infrastructure also includes remanufacturing and remarketing of used equipment with a focus on sustainable recovery services. The Financing segment facilitates the acquisition of information technology systems, software and services through its financing solutions. The financing arrangements are predominantly for products or services that are critical to the end users’ business operations and support IBM’s hybrid cloud platform and AI strategy. The company was founded by Charles Ranlett Flint and Thomas J. Watson Sr. on June 16, 1911 and is headquartered in Armonk, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

IBM reports strong Q4 earnings, eyes revenue and margin growth

IBM's Q4 2022 performance showcased strong revenue growth and successful client collaborations, despite facing challenges from external factors impacting margins. The company is focused on seizing opportunities through strategic investments and guiding for continued revenue and margin improvements in 2023.

IBM reports solid Q1 results, focuses on hybrid cloud and AI for growth

IBM's Q1 performance reflects growth in revenue, driven by Software and Consulting, with a focus on hybrid cloud and AI. While facing challenges in lower revenue growth projections and pricing dynamics, IBM is optimistic about PTI improvements and cash flow. Opportunities lie in AI initiatives, currency impact, and strategic M&A moves.

IBM reports solid Q2 earnings, eyes growth through strategic AI

IBM's Q2 2023 performance was strong, with revenue growth, margin expansion, and robust free cash flow generation.
The company's strengths lie in its hybrid cloud and AI strategy, strategic collaborations, and focus on enterprise AI.
Challenges include regional AI maturity variations, pricing dynamics, acquisition alignment, and data privacy concerns.
Opportunities abound in IT optimization, international expansion, strategic acquisitions, and AI-driven productivity gains.

IBM reports solid Q3 growth driven by generative AI focus

IBM's Q3 2023 performance reflects strong financial growth, particularly in software and consulting revenue, supported by a focus on generative AI and strategic partnerships.
While challenges exist in deploying generative AI and sustaining growth in certain segments, IBM's financial stability and innovative approach position it well for future opportunities.
Opportunities lie in leveraging generative AI for revenue growth, enhancing client-specific solutions, and expanding market presence through strategic initiatives.
Overall, IBM's performance highlights resilience, adaptability, and a strategic vision for delivering value to enterprise clients in a competitive landscape.

IBM reports solid 2023 performance, eyes growth through AI and partnerships

IBM's strong financial performance in 2023, driven by software and consulting growth, sets the stage for continued success in 2024.
Strategic partnerships, AI initiatives, and cost-saving measures bolster IBM's competitive edge and financial resilience.
Challenges in sustaining growth and revenue recognition require careful management and strategic foresight.
Opportunities in AI, digital transformation, and strategic acquisitions position IBM for growth and market outperformance in 2024.

IBM reports strong Q1 performance driven by cloud and AI

IBM's Q1 2024 performance reflects strength in hybrid cloud and AI, with solid revenue and cash flow growth.
Despite challenges in consulting revenue and software growth targets, opportunities lie in global demand and strategic acquisitions.
Maintaining a balance between addressing challenges and leveraging strengths will be crucial for sustained growth.
IBM's disciplined M&A strategy and focus on innovation position the company for continued success in the software and cloud market.

IBM reports robust Q2 earnings, focuses on AI and hybrid cloud growth

IBM's Q2 2024 earnings call highlighted strong performance in software and infrastructure, with a focus on hybrid cloud and AI strategies. Despite challenges in the consulting segment, the company raised free cash flow expectations and remains disciplined in M&A. Opportunities lie in AI strategy, open-sourcing models, and Red Hat's growth in containerization and hybrid cloud solutions.

IBM reports robust Q3 earnings, focuses on AI solutions

IBM's Q3 earnings call highlighted strong software revenue growth, challenges in consulting and infrastructure, and a focus on enterprise AI solutions. Despite macroeconomic uncertainties, the company remains confident in its ability to drive revenue growth and maintain profitability. IBM's strategic partnerships and innovations position it well for future opportunities.

Revenue

Cost of revenue

Gross profit

Operating expenses

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

International Business Machines Corp. is an information technology company, which engages in the provision of integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Software, Consulting, Infrastructure, Financing, and Other. The Software segment combines hybrid cloud platform and software solutions to help clients become more data-driven, and to automate, secure, and modernize their environments. The Consulting segment focuses on integrating skills on strategy, experience, technology and operations by domain and industry. The Infrastructure segment offers solutions for hybrid cloud, and is the foundation of the hybrid cloud stack. Infrastructure is optimized for infusing AI into mission-critical transactions and tightly integrated with IBM Software including Red Hat for accelerated hybrid cloud benefits. The Financing segment refers to the client and commercial financing, facilitating IBM clients’ acquisition of IT systems, software, and services. The company was founded by Charles Ranlett Flint and Thomas J. Watson Sr. on June 16, 1911 and is headquartered in Armonk, NY.

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High-yield dividend stocks allow investors to generate steady cash flow while holding onto their shares. However, most of these same stocks tend to underperform the stock market.

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The headline numbers for IBM (IBM) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, IBM (IBM) Q2 Earnings: A Look at Key Metrics

IBM has surged on generative AI hype, but the company still lacks significant growth to justify excitement over AI capabilities. Despite some positive trends in software growth, IBM's overall revenue growth remains stagnant, with concerns over a lack of investment in AI. The stock trades at 19x EPS targets and IBM isn't producing the type of growth to warrant this valuation.

IBM: AI Peanuts

IBM reported Q2 earnings of $2.43 per share, beating Wall Street's $2.20 estimate. Management raised their full-year free-cash-flow guidance to "greater than $12 billion.

Why IBM Stock Popped After Tuesday's AI-Themed Earnings Report

Investors also parsed a strong reading on second-quarter GDP and a dismal decline in durable goods.

Stock Market Today: Dow Outperforms After IBM Earnings

IBM's Q2 earnings beat expectations, triggering a stock price rally. I expect the developments reported in Q2 to support further stock price advances. Top return drivers include growth potential for its software segment, robust profit metrics, and strong free cash generation.

IBM Q2: Software Growth Potential Supports Buy Thesis

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What Makes IBM (IBM) a Strong Momentum Stock: Buy Now?

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While the most common current examples of artificial intelligence (AI) are the large language models (LLM) like OpenAI's ChatGPT and Microsoft's (NASDAQ: MSFT ) Copilot, the future of the technology is likely far more multi-faceted than question-and-answer chatbots. Moreover, the current involvement of various tech companies in the development of AI means that some future AI stocks have yet to reach their potential.

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IBM IBM shares were climbing in early trading on Thursday after the company reported its second-quarter results.

IBM's AI Bookings To Drive Share Gains, Though 'Revenue Contribution Of AI Is Currently Small'

International Business Machines (IBM) reported strong second-quarter 2024 results, beating estimates for earnings and revenues.

IBM Beats Q2 Earnings on AI Growth: ETFs to Buy

IBM stock is higher Thursday after the tech giant beat Q2 earnings expectations and raised its free cash flow guidance. Here's what you need to know.

What IBM's New Free Cash Flow Forecast Means for Investors

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Why IBM (IBM) is a Top Momentum Stock for the Long-Term

The Dow index declined 1.3% on Wednesday, undercutting short-term support.

Earnings Divide Dow Industrials As Crux Of Q2 Season Approaches

International Business Machines Corp. (NYSE: IBM) unveiled its Q2 2024 earnings after markets closed for trade on Wednesday. The earnings surpassed Wall Street expectations, yet eliciting mixed reactions from analysts.

Wall Street's mixed reactions to IBM's Q2 results: Keep holding or cash out?

LAWRENCE, Kan.--(BUSINESS WIRE)--Cobalt Iron Inc., a leading provider of SaaS-based enterprise data protection, today announced that Secure Automated Backup with Compass®, a cloud backup-as-a-service offering powered by the Cobalt Iron Compass SaaS platform, is now available in multiple regions around the world. Developed with IBM, the solution serves enterprises that are running on or moving to an IBM Power Virtual Server. It backs up AIX and Linux operating systems and databases, greatly acce.

Cobalt Iron Expands Access to Secure Automated Backup With Compass for IBM Power Virtual Server

Healthy demand trends for hybrid cloud and AI solutions enable IBM to beat second-quarter 2024 earnings estimates.

IBM's Q2 Earnings & Revenues Beat Estimates on Solid Demand

International Business Machines Corporation (NYSE:IBM ) Q2 2024 Earnings Conference Call July 24, 2024 5:00 PM ET Company Participants Olympia McNerney - Global Head of Investor Relations ​​​​​Arvind Krishna - Chairman and Chief Executive Officer Jim Kavanaugh - Senior Vice President and Chief Financial Officer Conference Call Participants Wamsi Mohan - Bank of America Toni Sacconaghi - Bernstein Amit Daryanani - Evercore ISI Jim Schneider - Goldman Sachs Ben Reitzes - Melius Research Erik Woodring - Morgan Stanley Matt Swanson - RBC Capital Markets Operator Welcome and thank you for standing-by. At this time, all participants are in a listen-only mode.

International Business Machines Corporation (IBM) Q2 2024 Earnings Call Transcript

‘We continue to see that clients turn to IBM for our technology and our expertise in enterprise AI,' CEO says.

IBM logs a large earnings beat, sending its stock higher

EPS (Earnings Per Share) exceeded estimates by $0.23. Software revenue increased by 7% year-over-year.

IBM Beats Earnings Estimates with Solid Q2 Performance

International Business Machines (IBM) beat analysts' expectations on the top and bottom lines with its second-quarter results Wednesday, sending shares higher in aftermarket trading as CEO Arvind Krishna pointed to the company's expanding artificial intelligence (AI) business.

Earnings Beat and AI Growth Lift IBM Stock

IBM (IBM) came out with quarterly earnings of $2.43 per share, beating the Zacks Consensus Estimate of $2.16 per share. This compares to earnings of $2.18 per share a year ago.

IBM (IBM) Q2 Earnings and Revenues Beat Estimates

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IBM beat analysts' estimates for second-quarter revenue on Wednesday, riding on strong demand for its software and higher AI-linked spending by clients looking to tap the booming technology, sending its shares up 5% in extended trading.

IBM beats quarterly revenue estimates on software strength, AI demand

IBM's revenue and adjusted earnings per share were higher than expected. The company is slightly more positive on full-year free cash flow.

News for IBM Stock (IBM)