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.

Although the revenue and EPS for IBM (IBM) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

IBM (IBM) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

IBM (IBM) came out with quarterly earnings of $2.30 per share, beating the Zacks Consensus Estimate of $2.27 per share. This compares to earnings of $2.20 per share a year ago.

IBM (IBM) Tops Q3 Earnings Estimates

IBM's stock is falling despite a profit beat for the third quarter, as consulting revenue came in flat and infrastructure revenue declined.

IBM says AI business is rapidly growing, but that's not enough to help the stock

Tesla

Tesla's profit surge and IBM's AI push drive tech growth, while Mattel struggles with weak toy demand ahead of the holidays. Read our full earnings breakdown.

Tesla Delivers Margin Strength, IBM's AI Push Powers Profit Growth

International Business Machines Corp (NYSE:IBM) reported a mixed bag for its third-quarter earnings on Tuesday, with a notable performance from its software segment but disappointing results from its consulting and infrastructure units. The technology giant posted adjusted earnings per share (EPS) of $2.30, surpassing analysts' expectations of $2.23.

IBM's software surge can't offset consulting revenue decline in Q3

IBM's software business outperformed thanks to acceleration in the Red Hat business. But the consulting and infrastructure units came up short on revenue.

IBM stock slips on disappointing consulting and infrastructure revenue

International Business Machines beat analysts' estimates for third-quarter profit on Wednesday, helped by robust growth in its high-margin software segment as businesses prioritized spending on its IT services and doubled down on AI adoption.

IBM beats third-quarter profit estimates on software strength

Accelerated Software revenue growth, expanded gross profit margin, and strong free cash flow ARMONK, N.Y. , Oct. 23, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today announced third-quarter 2024 earnings results.

IBM RELEASES THIRD-QUARTER RESULTS

IBM Inc. scheduled to report earnings after Wednesday's close. The stock just hit a record high near $237/share and is currently trading near that level.

Earnings Preview: What To Expect From IBM

As IBM IBM gears up for its third quarter earnings report after Wednesday's market close, all eyes are on its expected EPS of $2.23 and revenue of $15.07 billion.

IBM AI Momentum Meets Earnings Buzz: Is The Stock Ready For A Cloud-Powered Climb?

International Business Machines Corporation IBM will release earnings results for its third quarter, after the closing bell on Wednesday.

How To Earn $500 A Month From IBM Stock Ahead Of Q3 Earnings

IBM's recent stock surge is likely driven by AI hype, but its fundamental growth and valuation don't justify the high price. The company's dividend yield and growth rate are unimpressive, and buybacks are insufficient to offset stock-based compensation. IBM's free cash flow has gone nowhere over the years, but the stock's valuation has become elevated.

IBM Stock Offers A Whole Lot Of Nothing Going Into Earnings

IBM Guardium Data Security Center  provides unified, SaaS-first data security capabilities amid hybrid cloud, AI, and quantum transformation New software part of IBM's comprehensive approach for protecting hybrid cloud and AI ARMONK, N.Y. , Oct. 22, 2024 /PRNewswire/ -- As hybrid cloud-, AI-, and quantum-related risks upend the traditional data security paradigm, IBM (NYSE: IBM) is launching IBM Guardium Data Security Center  – allowing organizations to protect data in any environment, throughout its full lifecycle, and with unified controls.

IBM Advances Secure AI, Quantum Safe Technology with IBM Guardium Data Security Center

Oracle

SAP SE

Strong results and upbeat cloud business outlook point to a healthy sector and good things to come for Microsoft, Workday, and others.

SAP Stock Climbs as Earnings Shine. Why That's Good News for IBM and Oracle.

The tech giant's quick, cost-efficient AI models can be fine-tuned with enterprise data to produce impressive results.

IBM Thinks Small to Win Enterprise AI

CoStar Group

Vertiv Holdings Co

Led by International Business Machines (IBM), several trending tech stocks are set to report their third quarter results on Tuesday, October 22.

3 Tech Stocks to Watch as Q3 Earnings Approach: CSGP, IBM, VRT

With a 70% rally over the past 12 months, IBM stock is trading at record levels ahead of an important Q3 report Wednesday.

IBM Q3 Earnings Preview: AI Push, Software Strength In Focus With Stock At Record Levels

IBM is likely to have recorded higher revenues from the Software segment on product innovation and the growing clout of watsonx.ai.

Will Higher Software Revenues Benefit IBM's Earnings in Q3?

IBM is likely to have recorded higher revenues from the Consulting segment backed by rising demand for technology consulting and business transformation services.

Will Solid Consulting Revenues Boost IBM's Q3 Earnings?

When IBM reports their Q3 2024 earnings Wednesday, consensus expectations will be looking for $2.23 in EPS on $2.6 billion in operating income, and $15 billion in revenue. Perhaps something the Street is warming up to is IBM's improved free cash flow. For Q4 '24 (typically IBM's strongest quarter of the year), the sell-side consensus is expecting $3.76 in EPS, $4.3 billion in operating income, and $17.9 billion in revenue.

IBM Earnings Preview: Big Technical Breakout; Company Hasn't Repo'ed Any Stock Since March '19

IBM released the latest version of its artificial intelligence models catered towards businesses on Monday, looking to capitalize on the surge in enterprises adopting generative AI technology.

IBM releases new AI models for businesses as genAI competition heats up

New Granite 3.0 8B & 2B models, released under the permissive Apache 2.0 license, show strong performance across many academic and enterprise benchmarks, able to outperform or match similar-sized models New Granite Guardian 3.0 models deliver IBM's most comprehensive guardrail capabilities to advance safe and trustworthy AI New Granite 3.0 Mixture-of-Experts models enable extremely efficient inference and low latency, suitable for CPU-based deployments and edge computing New Granite Time Series model achieved state-of-the-art performance in zero/few-shot forecasting, outperforming models 10 times larger IBM unveils next generation of Granite-powered watsonx Code Assistant for general purpose coding; Debuts new tools in watsonx.ai for building and deploying AI applications and agents Announces Granite will become the default model of Consulting Advantage, an AI-powered delivery platform used by IBM's 160,000 consultants to bring new solutions to clients faster ARMONK, N.Y. , Oct. 21, 2024 /PRNewswire/ -- Today, at IBM's (NYSE: IBM) annual TechXchange event the company announced the release of its most advanced family of AI models to date, Granite 3.0.

IBM Introduces Granite 3.0: High Performing AI Models Built for Business

Amazon

Microsoft

As tech giants remain a central focus for investors, the upcoming week in earnings season promises to offer key insights into how these industry leaders are performing amid shifting market conditions.

3 Must-Watch Tech Earnings Reports Coming Up

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News for IBM Stock (IBM)