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.

International Business Machines Corporation is leveraging open-source AI models through partnerships to become a top implementer of AI software in enterprise settings. The integration of the Llama 2 model into the Watsonx AI platform is expected to enhance its abilities in content generation and answering users' questions in an enterprise setting.

IBM 2024 Outlook: Uniquely Set To Ride The Open-Source AI Wave

Alphabet

Microsoft

Quantum computers have just started to enter the mainstream awareness. Although the shift from classical to quantum computers is still ongoing and the technology experimental, the potential consequences could be far-reaching once we successfully harness the technology to society's benefit.

3 Stocks at the Forefront of Quantum Innovation

Johnson & Johnson

Procter & Gamble

Blue chip stocks to watch in the stock market before February 2024.

3 Blue Chip Stocks To Watch Ahead Of February 2024

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Here's Why IBM (IBM) is a Strong Momentum Stock

AI training initiative is first in new GSMA Advance series aims to build skills, foster innovation and champion workforce diversity LONDON and NEW YORK , Jan. 30, 2024 /PRNewswire/ -- The GSMA and IBM (NYSE: IBM) today announced a new collaboration to support the adoption and skills of generative artificial intelligence (AI) in the telecom industry through the launch of GSMA Advance's AI Training program and the GSMA Foundry Generative AI program. The AI training program, the first in a new series of courses by GSMA Advance, seeks to prepare telco leaders for the AI-era and bridge skills gaps in the telecom industry, by equipping members with skills and knowledge to help effectively leverage Gen AI technologies utilizing watsonx, IBM's AI and data platform with AI assistants.

GSMA and IBM Collaborate to Accelerate AI Adoption and Skills for the Telecoms Sector with Launch of Generative AI Training Program and Industry Challenge

International Business Machines Corp (IBM) has reportedly issued a sweeping ultimatum aimed at putting the practice of remote working to a definitive end in a memo sent out to its U.S. managers that says they must either start working from the office or leave their jobs

IBM tells U.S. managers to either start working from the office or leave their jobs – report

IBM is a hybrid cloud leader and is now the fifth-largest cloud company. The company generated sufficient free cash flow to cover its dividend costs and other expenses.

IBM's Stock Could Soon Hit an All-Time High. Have Investors Missed the Boat?

Agreement includes KQC offering IBM software and new AI infrastructure capabilities as well as IBM's next-generation quantum computing architecture BUSAN, South Korea , Jan. 29, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today announced that Korea Quantum Computing (KQC) has engaged IBM to offer IBM's most advanced AI software and infrastructure, as well as quantum computing services. KQC's ecosystem of users will have access to IBM's full stack solution for AI, including watsonx, an AI and data platform to train, tune and deploy advanced AI models and software for enterprises.

Korea Quantum Computing and IBM Collaborate to Bring IBM watsonx and Quantum Computing to Korea

Advanced Micro Devices

Salesforce

Cisco Systems

Dell Technologies

ServiceNow

In 2023, the AI winners and losers were largely defined by how they found ways to make money from the technology. Nvidia NVDA, +2.35% emerged as the clear leader, its products powering the growth of large language models.

Salesforce, AMD and other Big Tech stocks not named Nvidia that look smart as AI goes mainstream

American Airlines

Earnings for the fourth and final quarter of 2023 continue to roll in. And, as is often the case, the results are a mixed bag.

Earnings Surprises: 3 Stocks That Outperformed Analyst Expectations

ATLANTA , Jan. 29, 2024 /PRNewswire/ --  BACKGROUND: Weather is changing at a rapid pace and continues to have a significant impact on society; in the last few years alone, the U.S. has seen record hurricane intensity, winter storms and tornadoes occurring later or earlier than seasonal norms, and extreme heat waves, drought and flooding across the country. Making sure people can stay ahead of and be prepared for increasingly erratic weather conditions is critical.

The Weather Company Discusses How Weather Will Impact You in 2024

IBM's fourth-quarter earnings easily exceeded analysts' expectations. The expansion of its hybrid cloud and artificial intelligence services is paying off.

Could IBM Become the Next Microsoft?

Commitments from clients for AI-related products and services doubled in the fourth quarter for IBM. The company's AI software platform is complemented by a consulting arm that helps clients successfully deploy generative AI models.

IBM's Artificial-Intelligence Business Is Booming

IBM trades at attractive valuation levels and could have underappreciated opportunities in AI. But when it comes to big tech trends, the case could be made that IBM has sometimes been more of a pretender than a contender.

IBM Stock: Bull vs. Bear

Apple

Netflix

Netflix, Apple, and other major companies recently announced stock splits on the Buenos Aires exchange -- not on Wall Street. These stock splits are a response to Argentina's severe hyperinflation, rather than each company's soaring value.

Stock Market Curveball: Apple, IBM, and Netflix Just Split Their Stocks, but It's Not What You Think

PepsiCo

Target

Dividends provide many clear benefits, including a passive income stream, the ability to reap maximum returns through dividend reinvestment, and a buffer against drawdowns in other positions.

3 Top-Ranked Dividend Aristorats to Buy for Income

Corning

Juniper Networks

Seagate Technology Holdings PLC

Texas Instruments

A financial advisor can help you understand the advantages and disadvantages of investment properties.

6 Technology Stocks That Also Pay Investors Among the Highest Dividends

IBM stock is trading at an 11-year high after the company posted strong Q4 earnings.

IBM Is Trading At Its Highest Levels In More Than A Decade. Here's Why.

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

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.

News for IBM Stock (IBM)