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.

IBM's initiatives to realize quantum supremacy goals at hardware, software and integrated levels hold promises.

IBM to Develop Quantum Technology Utilizing Cloud Platform

Analysts want Red Hat CEO Jim Whitehurst to replace IBM CEO Virginia Rometty, thinking his open organization concept can give IBM earnings the kick they need
The post IBM Stock and Jim Whitehurst’s Toughest Test appeared first on InvestorPlace.
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IBM Stock and Jim Whitehurst’s Toughest Test

IBM makes the Power Series chips, and as part of that has open sourced some of the underlying technologies to encourage wider use of these chips. The open source pieces have been part of the OpenPower Foundation.

IBM is moving OpenPower Foundation to The Linux Foundation

Red Hat or no Red Hat, the IBM board has got to go.

IBM Just Can’t Compete With Current Board 

Red Hat

IBM stock was boosted in July by the Red Hat acquisition and Q2 earnings that beat expectations, but it has slumped in August.
The post IBM Stock Is Only Scratching the Surface With the Red Hat Deal appeared first on InvestorPlace.

IBM Stock Is Only Scratching the Surface With the Red Hat Deal

IBM has been transforming itself  As a result,  the recent drop  of IBM stock price  looks to have created a pretty good entry point for IBM stock. 
The post 3 Reasons to Buy IBM Stock on the Dip appeared first on InvestorPlace.

3 Reasons to Buy IBM Stock on the Dip

Philip Morris

Phillips 66

Verizon

Walgreens

Massive volatility, huge up and down market swings, recession fears, geopolitical fears, the election cycle in full swing.

Why Jefferies US Dividend Watch Stocks May Be the Best 2019 Buys Now

IBM (IBM) reported earnings 30 days ago. What's next for the stock?

Why Is IBM (IBM) Down 11.8% Since Last Earnings Report?

IBM has fallen behind many of its peers, meaning the immediate future of IBM stock hinges on the success of integrating Red Hat.
The post Linux-maker Red Hat Purchase Adds Risk to Owning IBM Stock appeared first on InvestorPlace.

Linux-maker Red Hat Purchase Adds Risk to Owning IBM Stock

In the event of additional bad news, IBM stock may be a screaming buy. If the Red Hat deal faces short-term headwinds, shares could trade at a fire sale price.

Take Your Time With IBM Stock as it Digests its Behemoth Linux Maker Deal

Apple

Which tech giant is the better value stock?

Better Buy: Apple vs. IBM.

Advanced Micro Devices

Amazon

When geopolitical worries abate, AMZN, AMD and IBM are stocks to buy. They will continue to dominate their competition.

3 Great Tech Stocks to Buy for the Future

Digital Realty's (DLR) expansion of IBM Cloud's Direct Link access and capabilities in Sydney likely to speed up the hybrid cloud adoption for local enterprises.

Digital Realty (DLR) Enhances IBM Cloud Capabilities in Sydney

IBM and Red Hat have finally merged. If management can deliver on its vision for the merged company, IBM stock looks really cheap here.

IBM and Red Hat Need to Prove the Skeptics Wrong

Between the Red Hat acquisition, the potential for a positive Q3 earnings surprise, and the imminent resolution to the tariff war, I'm envisioning a powerful move for IBM stock. 
The post 3 Undeniable Reasons to Buy IBM Stock Now appeared first on InvestorPlace.

3 Undeniable Reasons to Buy IBM Stock Now

If you're considering buying IBM stock, look at the long-term picture. Big Blue's purchase of Red Hat will be material, but it'll take time.

IBM Stops Buybacks to Pay for Red Hat

IBM stock looks likely to finally turn things around for good at the start of 2020.
The post With the Red Hat Purchase Complete, IBM Stock Is Ready to Break Out appeared first on InvestorPlace.

With the Red Hat Purchase Complete, IBM Stock Is Ready to Break Out

While the $34 billion price tag for Red Hat may appear to be excessive, it could turn out to be a bargain because it makes IBM stock an extremely relevant player in the cloud for years to come.
The post Here’s Why Red Hat Is the Perfect Catalyst for IBM Stock appeared first on InvestorPlace.

Here’s Why Red Hat Is the Perfect Catalyst for IBM Stock

IBM scared off investors with Red Hat costs in year 1. By year 2, free cash flow growth will soar.

IBM Stock Stronger as Red Hat Adds Fuel for Trillion-Dollar Opportunity

IBM stock has been on a roller coaster ride for 12 months, and the next leg of that roller coaster will drive IBM stock price higher.
The post Why IBM Stock’s Next Move Is Likely to Be Higher appeared first on InvestorPlace.

Why IBM Stock’s Next Move Is Likely to Be Higher

Red Hat alone can't fix International Business Machines stock. The legacy business needs to grow for IBM stock price to climb.

Red Hat Alone Won’t Be Enough to Save IBM Stock

IBM dipped on a cut to EPS targets following purchase accounting for the Red Hat merger.

IBM: Better Cash Flows Together

Although sentiment around International Business Machines (IBM) has shifted slightly since the Red Hat acquisition announcement, I still think it is overly pessimistic given the long-term improvements in the company’s revenue composition.

IBM At The Inflection Point

Nanometrics

Thermo Fisher Scientific

Taiwan Semiconductor Manufacturing

Nanotech stocks cover a broad range of industries as their underlying innovation impacts all corners of business and society.
The post 4 Nanotech Stocks to Watch for Explosive Innovation appeared first on InvestorPlace.

4 Nanotech Stocks to Watch for Explosive Innovation

IBM stock is a retiree's dream. However, IBM stock price is likely to be impacted by profit taking and volatility in the short-term.

News for IBM Stock (IBM)