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.

Ahead of the earnings report for International Business Machines Corporation IBM, our composite score for it was very bullish, but we didn't believe it. Because of that, we missed out on what might have been a >100% return on an options trade.

How We Missed A Winning Trade On IBM--And How We'll Avoid This Mistake Next Time - IBM (NYSE:IBM)

IBM shares gained as much as 9.5% in the key trading session on Jan 25, 2024 as it beat on both lines in the fourth-quarter earnings.

IBM Shares Surges Post Upbeat Q4: ETFs in Focus

The tech sector mainstay has plenty of believers, as evidenced by its stock's 9% pop on Thursday. That followed a strong fourth-quarter earnings report.

IBM Looks Set for a Smashing 2024

IBM stock closed up about 10% after reporting strong earnings and guidance on revenue growth exceeding expectations. IBM has been a leader in AI projects for 30 years. They're set to make incrementally more money as interest in AI increases without the stock carrying a huge valuation. IBM's early history with artificial intelligence is a puzzle for investors.

IBM: Back Of Envelope Math Suggests A Big Tech Bargain

Microsoft

Rigetti Computing

Quantum computing stocks could be the newest trend in the technology space. The reason I'm bullish on these companies is that the shift from classical to quantum computing could be dramatic.

The Next Big Thing: 3 Stocks Leading in Quantum Computing

Over the past year, the biggest tech companies — from Microsoft Corp. to Nvidia Corp. to Alphabet Inc. — have dominated the AI conversation. Now, analysts say investors are overlooking AI's potential for one of the oldest: International Business Machines Corp.

IBM's stock is on pace for biggest gain in over 20 years. Its ‘underappreciated' AI could drive it higher, analysts say

C3.ai

Lemonade

PROS Hlds

Rekor Systems Inc

Atlassian

Upstart Holdings

With the latest wave of “AI mania” in full swing since November, you may not think that now is a time to be thinking about which AI stocks to sell, rather than which AI stocks to buy. But while adoption of generative AI and other artificial intelligence technology is rising rapidly, suggesting a trend not anywhere close to slowing down, don't assume that the current bubble among AI stocks is built on solid ground.

Bubble Trouble: 7 Stocks to Sell Before the AI Bubble Bursts

International Business Machines Corp (NYSE:IBM), aka IBM, aka the Big Blue, increased its revenues by 3% in the fourth quarter of 2023, with the US technology stalwart touting the widespread adoption of its hybrid cloud and AI offerings as the main drivers of growth. Notably, the company's flagship AI and data platform, watsonx, saw its book of business double sequentially from the previous quarter, signifying an accelerating demand for its AI solutions​​​​.

IBM hits the right keys in latest earnings call

IBM's fourth-quarter results beat expectations on the top and bottom lines. The company is seeing strong demand for its AI-related offerings.

Why IBM Stock Is Soaring Today

Shares of IBM rose 12% to a more than 10-year high on Thursday after the company reported a better-than-expected outlook on its revenue backed by strong demand for its artificial intelligence (AI) services.

IBM shares soar to over 10-year high on rosy AI outlook

The Dow is up triple digits this morning, and a lot of it has to do with IBM Corp (NYSE:IBM).

"Big Blue" Stock at 10-Year High After Earnings Beat

Healthy demand for hybrid cloud and AI solutions with a client-focused portfolio and broad-based growth help IBM to beat fourth-quarter earnings estimate.

IBM Beats Q4 Earnings Estimates on Solid AI, Cloud Demand

Apple

American Express

Travelers

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

5 Blue-Chip Stocks to Buy as Dow Hits a New Milestone

Shares of computing and business services giant IBM (IBM) gained as much as 8% before the opening bell Thursday after the company delivered better-than-expected fourth quarter earnings and full-year revenue guidance, driven by growing demand for its artificial intelligence (AI) solutions and consultancy services.

IBM Stock Surges as AI Demand Boosts Revenue Outlook—Key Price Levels to Monitor

International Business Machines Corp. (NYSE: IBM) revenue rose only 4% year over year in the fourth quarter to a modest $17.4 billion.

IBM Remains Weak and Small

On January 23rd, the IBM stock price closed the day at $173.94 – the highest closing price, and also an ALH in the same day, in the company's history of over 100 years.

IBM just hit its highest stock price of all time, but why?

International Business Machines Corporation (IBM) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for IBM (IBM) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

IBM (IBM) Reports Q4 Earnings: What Key Metrics Have to Say

ServiceNow

Tesla

This marks the second earnings miss in a row fro the EV leader, following 10 straight earnings beats in the quarters prior.

Tesla Disappoints in Q4, but IBM, ServiceNow Beat

IBM (IBM) came out with quarterly earnings of $3.87 per share, beating the Zacks Consensus Estimate of $3.78 per share. This compares to earnings of $3.60 per share a year ago.

IBM (IBM) Q4 Earnings and Revenues Top Estimates

International Business Machines Corp.'s stock was riding about 5% higher in Wednesday's extended session after the technology giant topped profit expectations for the latest quarter and called out an uptick in artificial-intelligence demand.

IBM's ‘accelerating' AI demand helps power stock higher after earnings

International Business Machines Corp (NYSE:IBM) shares moved more than 5% higher in afterhours trade after the hardware and software provider reported better-than-expected fourth quarter results and estimate-topping full-year revenue guidance. For 4Q, the company reported a 4% year-over-year increase in revenue to $17.4 billion, ahead of estimates of $17.29 billion.

IBM shares takeoff on 4Q earnings beat and strong revenue guidance

IBM stock jumped late Wednesday after the tech stalwart reported better than expected earnings and revenue for its fourth quarter.

IBM Shares Jump As Earnings Top Expectations

IBM forecast full-year revenue growth above market estimates on Wednesday, banking on stable demand for its IT software and consultancy services from businesses looking to adopt artificial intelligence (AI).

IBM forecasts annual revenue growth above estimates on AI adoption rush

Today, iconic computing company IBM announced its fourth quarter and year-end 2023 financial results. IBM's revenue increased, as did its profits, both year-on-year and quarter-on-quarter.

News for IBM Stock (IBM)