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.

New data from Futurum1 suggests that the mainframe skills pool is growing, with 65 percent of university leaders surveyed reporting more skilled mainframe talent available today as compared to the last 5 years According to Futurum research, 91 percent of employer respondents said they are planning to hire talent for new mainframe positions in the next 1-2 years, investing in and growing their mainframe IT team 66 percent of organizations use third-party learning programs or platforms to support mainframe learning and talent development, according to new findings from Futurum ORLANDO, Fla. , March 6, 2024 /PRNewswire/ -- IBM (NYSE: IBM) introduced the Mainframe Skills Council during this week's SHARE conference in Orlando, to provide a forum where global organizations will foster a skilled, diverse, sustainable workforce for the mainframe platform.

IBM Launches Mainframe Skills Council with SHARE and Other Key Organizations to Support New Generations of Mainframe Talent

RIYADH, Saudi Arabia , March 6, 2024 /PRNewswire/ -- IBM (NYSE: IBM) announced today the next steps in their collaboration with Riyadh Air, the digital-native airline currently scheduled to commence operations in early 2025, to revolutionize the airline's travel experiences. The airline plans to introduce next-generation, channel-fluid guest and traveler interactions, tapping into IBM Consulting's open ecosystem of business partners and deep industry expertise spanning strategy, experience design, technology and operations.

Riyadh Air and IBM Take Further Steps Forward in their Collaboration to Redefine Travel Experiences

IBM will increase investment in the IBM Sustainability Accelerator by 50%, committing up to $45 million in cash and in-kind donations over the next five years. New RFP will align with United Nations Sustainable Development Goal 11: making cities safe, resilient and sustainable.

IBM Commits Up To $45M to Climate Adaptation, Starting With New RFP for Resilient Cities

New federal agency-focused training helps address government cybersecurity mandates and pillars of the National Cybersecurity Strategy Launches two no-cost cyber response training sessions for select critical infrastructure organizations WASHINGTON , March 6, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today announced the official opening of the new IBM X-Force Cyber Range in Washington, DC. The range includes new custom training exercises specifically designed to help U.S. federal agencies, their suppliers and critical infrastructure organizations more effectively respond to persistent and disruptive cyberattacks, and threats posed by AI.

IBM Debuts New, State-of-the-Art Washington DC Cyber Response Training Facility

C3.ai

Salesforce

While artificial intelligence is all the rage these days, knowing which AI stocks to buy can be crucial. Let's be real – the sector is no spring chicken.

3 AI Stocks That the Big Money Is Flocking To

International Business Machines Corporation (IBM) Management presents at Morgan Stanley Technology, Media and Telecom Conference (Transcript)

Albemarle

Atmos Energy

Caterpillar

Altria

NextEra Energy

Exxon Mobil

If you're searching for ultra-reliable dividend stocks to buy, look no further. Investors understand that securing one's future reliability is paramount.

7 Ultra-Reliable Dividend Stocks to Buy for Rock-Solid Returns

Alphabet

Arista Networks

For the most part, Reddit's picks from 2021 haven't panned out well at all over the long term. You probably aren't going to find any standout stocks in the same place where you are finding fail videos and extremist political ramblings.

Invest Like Wall Street, Not r/WallStreetBets: 3 Standout Stocks You Can Count On

Deckers Outdoor

SPDR S&P 500 ETF Trust

A low-beta stock with strong out performance is ideal for investors seeking a balance between stability and high returns. Stock Strategist Andrew Rocco unveils 2 names with these unique characteristics.

The Magic Elixir: Low Beta + Strong Outperformance (2 Stocks to Buy)

Amgen

Amazon

American Express

Boeing

Cisco Systems

Chevron

Disney

Dow Inc

Goldman Sachs

Intel

Johnson & Johnson

Coca-Cola

McDonald's

Microsoft

NIKE

UnitedHealth Group

Verizon

"The Dow® [adds a stock] if the company has an excellent reputation, demonstrates sustained growth, and is of interest to a large number of investors. Sector representation is also a consideration.”–DowJones&Co. The highest-yield 10 stocks are March's Dogs of the Dow: GS, JNJ, KO, AMGN, CSCO, IBM, CVX, DOW, MMM, and VZ. They only averaged a 4.15% annual yield. Thirty Dow stocks represent nine of eleven sectors. DowJones tracks utilities as a separate index and omits real estate. Broker top-ten target-estimated March net-gains ranged 12.35%-25.79%, topped by BA 2/29/24.

March Dogs Of The Dow: Buy 1; Watch 4

Cloudflare

IBM's AI solutions are focused on enterprise-grade applications, with a unique emphasis on audit-friendly reliability. Cloudflare's edge computing network is an ideal platform for running AI inference workloads.

3 Under-the-Radar AI Stocks With Long-Term Growth Plans

Is a badly run company with a safe, high-yield dividend a good investment for those who want a predictable payout yearly?

IBM Badly Managed, High Yield

IBM's AI platform, Watson, has potential for growth in industries such as healthcare, customer service, and financial services. My revenue growth assumptions for IBM are conservative but show potential for steady growth over the next five years. IBM's balance sheet is strong, with a robust financial foundation and strategic capital allocation, making it an enticing investment opportunity.

IBM: A Legacy Technology Company Capitalizing On AI Trends

By integrating Mixtral-8x7B and other models into the watsonx platform, IBM empowers a thriving ecosystem of AI builders and business leaders.

IBM Enhances AI Flexibility With Mixtral-8x7B Integration

IBM (IBM) closed at $185.03 in the latest trading session, marking a -0.15% move from the prior day.

IBM (IBM) Stock Falls Amid Market Uptick: What Investors Need to Know

The “Dogs of the Dow” is an investment approach whereby investors allocate money to the 10 highest dividend-yielding blue-chip stocks listed in the Dow Jones Industrial Average, also known as the Dow 30. By rebalancing a portfolio and weighting it heavily towards the Dow stocks that offer the highest dividend yields, investors can beat the overall performance of the Dow Jones Industrial Average, or so the theory goes.

3 Dogs of the Dow to Scoop Up During a Dip

H&R Block

3 Starter Retirement Stocks Every New Investor Should Own

Costco

Target

While the equities sector roars higher, it's never a bad idea to consider stocks to buy for a down market. No, I'm not prognosticating an imminent calamity.

Don't Panic! 7 Smart Stocks to Buy if the Markets Take a Tumble.

IBM offers an optimized version of Mixtral-8x7B that showed potential to cut latency by up to 75% Adds to growing catalogue of IBM, third-party and open-source models to give clients choice and flexibility Latest open-source model available on watsonx AI and data platform with enterprise-ready AI studio, data store and governance capabilities  ARMONK, N.Y. , Feb. 29, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today announced the availability of the popular open-source Mixtral-8x7B large language model (LLM), developed by Mistral AI, on its watsonx AI and data platform, as it continues to expand capabilities to help clients innovate with IBM's own foundation models and those from a range of open-source providers.

IBM Announces Availability of Open-Source Mistral AI Model on watsonx, Expands Model Choice to Help Enterprises Scale AI with Trust and Flexibility

Travelers

We have narrowed our search to five Dow stocks that have strong earnings growth potential for 2024. These are: AMZN, TRV, MSFT, IBM, AXP.

Top 5 Blue-Chip Stocks Picks From a New-Look Dow 30

Three-quarters (76%) of surveyed executives agree that sustainability is central to their business, but nearly half (47%) say they struggle to fund sustainability investments Organizations that embed sustainability throughout the business are more likely to see financial benefits, yet only 31% of respondents report they incorporate sustainability data and insights into operational improvements to a great extent ARMONK, N.Y. , Feb. 28, 2024 /PRNewswire/ -- A new global study by the IBM (NYSE: IBM) Institute for Business Value found that while a majority of organizations recognize sustainability as important to their business strategy, many C-suite leaders are struggling to fund their sustainability investments.

IBM Study: Sustainability Remains a Business Imperative, But Current Approaches are Falling Short

By Christina Montgomery, Chief Privacy & Trust Officer, IBM and Joshua New, Senior Fellow, IBM Policy Lab WASHINGTON , Feb. 28, 2024 /PRNewswire/ -- Deepfakes – realistic AI-generated audio, video, or images that can recreate a person's likeness – are one of the most pressing challenges posed by generative AI, given the potential for bad actors to use it to undermine democracy, exploit artists and performers, and harass and harm everyday people. These are not speculative risks.

IBM: Here's What Policymakers Can Do About Deepfakes

IBM's CEO, Arvind Krishna, has revitalized the company's market value and outperformed benchmark indices as well as the XLK ETF. The company has updated its business model and strategy, focusing on emerging technologies such as AI, hybrid cloud, and data. IBM's shift towards AI platforms and its strong performance in software and consulting segments indicate growth potential and a promising outlook.

IBM: Thanks To AI, Its Free Cash Outlook Has Never Looked Better

Becton, Dickinson and Co.

Emerson Electric

Sherwin-Williams

The stock market bulls are charging right now. The Federal Reserve appears set to lower interest rates this year, which could stoke equity markets.

Get Paid While You Wait: 7 Dividend Aristocrats to Buy Now

Realty Income Corp

T. Rowe Price Group

Dividend aristocrats have a good history of distributing payouts to their investors. These corporations are listed on the S&P 500 and have raised their dividends for at least 25 consecutive years.

News for IBM Stock (IBM)