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

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q1 2024

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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.

Releases a family of IBM Granite models into open source, including its most capable and efficient Code LLMs that can out-perform larger code models on many industry benchmarks Jointly with Red Hat, launches InstructLab, a first-of-its-kind model alignment technique, to bring open-source community contributions directly into LLMs Unveils new vision and momentum for new data and automation capabilities; Accelerates generative AI infusion into IBM assistants, automation, infrastructure, resource management products and consulting services Strengthens collaborations with AWS, Adobe, Meta, Microsoft, Mistral AI, Palo Alto Networks, SAP, Salesforce, and SDAIA to expand capabilities and offer model choice, flexibility and governance through watsonx ARMONK, N.Y. , May 21, 2024 /PRNewswire/ -- Today, at its annual THINK conference, IBM (NYSE: IBM) announced several new updates to its watsonx platform one year after its introduction, as well as upcoming data and automation capabilities designed to make artificial intelligence (AI) more open, cost effective, and flexible for businesses.

IBM Unveils Next Chapter of watsonx with Open Source, Product & Ecosystem Innovations to Drive Enterprise AI at Scale

IBM CEO explains why open source gen AI matters as Granite models get an Apache license and new AI assistants are announced at Think 2024.

IBM CEO praises real open source for enterprise gen AI, new efforts emerge at Think 2024

PayPal

Block

With Bitcoin ( BTC-USD ) prices gaining again, growth-focused investors may wish to turn their attention to the blockchain stocks, many of which may be trading at enticing valuations now that blockchain technology's applications outside of cryptocurrencies are starting to lose a bit of luster. Indeed, blockchain has plenty of potential beyond Bitcoin and the like.

3 Blockchain Stocks to Buy Now: May 2024

International Business Machines Corporation (NYSE:IBM ) JPMorgan Global Technology, Media and Communications Conference Call May 20, 2024 11:20 AM ET Company Participants James Kavanaugh - Senior Vice President, Finance & Operations and Chief Financial Officer Conference Call Participants Brian Essex - JPMorgan Brian Essex All right. Good morning, everyone.

International Business Machines Corporation (IBM) JPMorgan Global Technology, Media and Communications Conference - (Transcript)

Comcast

Pfizer

Investors should have a wide range of companies in multiple sectors within their investment portfolio. But the backbone of any resilient portfolio that can withstand a bear market and soar during a bull market are blue-chip stocks.

3 Blue-Chip Stocks Set to Triple Soon

Alphabet

IonQ

Microsoft

NVIDIA

Quantum Computing

Rigetti Computing

If you're searching for cheap quantum computing stocks to invest in for early next year, there are a few companies worth watching. I expect these companies to perform well throughout 2024 due to their continued development and the gradual roll-out of their development road maps.

7 Cheap Quantum Computing Stocks to Buy Now: May 2024

Equinix

Data centers are at the core of artificial intelligence. IBM is a long-time dividend stock with plenty of AI upside.

2 Artificial Intelligence (AI) Stocks That Offer Dividends and Long-Term Returns

Microsoft invested billions of dollars into AI, and is involved in AI's evolution with pioneering work in quantum computers. IBM's AI and quantum computing tech garnered wins such as implementing the first quantum computer dedicated to health research.

3 Companies Already Working on the Next Phase of Artificial Intelligence (AI)

Crown Castle International

Cisco Systems

One notable name has become the dividend stock of the cloud. This tower company generates high dividend returns as a real estate investment trust.

3 Dividend-Paying Tech Stocks to Buy in May

Costco

Dominion Energy

Home Depot

Merck

T-Mobile US

YUM! Brands

With the market potentially entering a period of consolidation, investors may want to consider safe haven stocks to buy. No, it's not the most exciting idea.

Storm Shelter: 7 Safe Haven Stocks to Batten Down the Hatches

Quantum computing has the potential to usher in a new era of computing power. While the market is still digesting the ongoing artificial intelligence (AI) revolution, they have yet to focus in on the next big discovery.

Wall Street Favorites: 3 Quantum Computing Stocks With Strong Buy Ratings for May 2024

D-Wave Quantum Inc

Quantum computing stocks on the whole took a generous hit in April, mostly due to the market's realization that interest rates will not be going down any time soon. Moreover, the U.S. Labor Department's most recent report on inflation has stymied any hopes of a near-term rate cut, with the most likely date for cuts now occurring in September of 2024 if inflation continues to cool.

The 3 Best Quantum Computing Stocks to Buy in May 2024

The enhancements provide IBM Quantum Network members with the most advanced tools to discover new quantum algorithms, paving the way for a new paradigm of quantum-centric supercomputing.

IBM Enhances Qiskit for Seamless Complex Quantum Computing

Palo Alto Networks

SentinelOne

Cybersecurity remains an important and fast-growing industry. The global market for cybersecurity is forecast to grow by about 10% per year and, by 2028, reach nearly $275 billion.

The 3 Most Undervalued Cybersecurity Stocks to Buy in May 2024

Amazon

CRISPR Therapeutics

Taiwan Semiconductor Manufacturing

They say the best time to invest was 20 years ago. And indeed, that's not too long after the early 2000s recession bottomed out.

7 No-Brainer Stocks to Buy and Hold for the Next 20 Years: May 2024

More than half of CEO respondents say they are pushing their organization to adopt gen AI more quickly than some employees are comfortable with Half of CEOs surveyed say they are hiring for gen AI-related roles that didn't exist last year, but more than half have not yet assessed the impact of the technology on their workforce ARMONK, N.Y. , May 16, 2024 /PRNewswire/ -- A new study by the IBM (NYSE: IBM) Institute for Business Value found that surveyed CEOs are facing workforce, culture and governance challenges as they act quickly to implement and scale generative AI across their organizations.

IBM Study: As CEOs Race Towards Gen AI Adoption, Questions Around Workforce and Culture Persist

IBM plans to hire up to 800 more people in Ireland to help build advanced software underpinned by AI technology, the biggest job announcement in the country's multinational sector this year, state investment agency IDA Ireland said on Thursday.

IBM to add 800 AI-related jobs in Ireland

International Business Machines Corp. and cybersecurity firm Palo Alto Networks on Wednesday announced an expansive partnership under which both companies will work together to offer security services powered by artificial intelligence, amid growing sophistication in online data breaches.

IBM and Palo Alto Networks are joining forces on AI, as cybersecurity threats get tougher

Palo Alto Networks is buying IBM's QRadar as part of a bigger partnership between the two companies.

Palo Alto Networks is buying security assets from IBM to expand customer base

News Summary:   IBM to platformize internal security solutions with Palo Alto Networks; Palo Alto Networks will be its preferred cybersecurity partner across network, cloud and SOC Palo Alto Networks will incorporate watsonx large language models (LLMs) in Cortex XSIAM to deliver additional Precision AI™ solutions IBM will bolster its leading security services to drive a significant book of business in cybersecurity and AI security, featuring Palo Alto Networks platforms in its expanded portfolio IBM will train more than 1,000 of its security consultants on migration, adoption and deployment of Palo Alto Networks products Palo Alto Networks has agreed to acquire IBM's QRadar Software as a Service (SaaS) assets, and the two companies will partner to offer seamless migration for QRadar customers to Cortex XSIAM IBM will accelerate innovation and investment in data security and identity and access management for hybrid cloud and AI; will partner with Palo Alto Networks on security operations, threat management, and DevSecOps SANTA CLARA, Calif. and ARMONK, N.Y.

Palo Alto Networks and IBM to Jointly Provide AI-powered Security Offerings; IBM to Deliver Security Consulting Services Across Palo Alto Networks Security Platforms

Qiskit now refined as a comprehensive quantum software stack, focused on performance and stability to fully harness the power of utility-scale quantum hardware, and enable users to run increasingly more complex quantum circuits in the search for quantum advantage. YORKTOWN HEIGHTS, N.Y.

IBM Expands Qiskit, World's Most Performant Quantum Software

ConocoPhillips

Disney

Warren Buffett might be the greatest investor of all time, but he's not immune from making mistakes. This was on full display at the recent Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ) annual meeting, where Buffett disclosed that he had sold the company's entire stake in Paramount Global (NASDAQ: PARA ) at a substantial loss.

Warren Buffet's Blunders: 3 Investments Even the Oracle Regrets

Hewlett Packard

The M&A strategy heralds a new era of innovation in AI-driven cybersecurity solutions for technology firms like Cisco (CSCO), IBM and Hewlett Packard (HPE).

3 Tech Acquisitions YTD Likely to Reshape Sector Dynamics

Walgreens

Exxon Mobil

Blue-chip stocks to sell might seem odd, especially in a year with rising corporate earnings, a U.S. presidential election and possibly three rate cuts. However, stock investors must stay watchful, especially with the S&P 500 and Dow Jones Industrial Average up 10% and 4.7%, respectively, far from a bull run.

Blue-Chip Blues: 3 Stocks to Ditch Before They Drag You Down

Brookfield Infrastructure Partners L.P.

Palantir Technologies

You know artificial intelligence (AI) is reaching the mania stage when the FUD (fear, uncertainty, and doubt) headlines appear. However, many of the headlines don't tell you to avoid AI stocks.

News for IBM Stock (IBM)