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.

IBM NYSE: IBM, or Big Blue as it's known on Wall Street, is the tech giant that people love to hate. Despite holding one of the longest track records of all currently publicly traded tech companies out there, having IPO'd before the moon landing, its shares have built up a nasty reputation for trading sideways.

3 Reasons This Sleeping Giant Is About To Wake Up

IBM represents a strong legacy of tech innovation, yet over the last decade, it's lagged behind the market by a significant 178%. In the coming decade, IBM is sharpening its focus on AI as a primary growth catalyst, particularly within the enterprise solutions niche where it can truly shine. The AI market is set to hit $2.6 trillion by 2032, and IBM is poised to thrive, aiming for steady 5-7% revenue growth over the next decade.

IBM: Potentially 47% Undervalued With AI Tailwinds

IBM has been gaining momentum recently after years of underperformance, with shares rebounding 18.9% in the past year. CEO Arvind Krishna has delivered a new vision for the company, focusing on hybrid cloud and AI business. IBM's strong Q2 results and focus on enterprise AI position it for future growth, with analysts projecting increasing EPS and an inexpensive valuation.

IBM: This Dog Of The Dow Is Turning Around And Yields Over 4%

Gevo

Inmode Ltd

It's a well-known fact that the “big money” on Wall Street wants to draw retail investors' focus away from great stock deals. This is simply because if everyday investors are not buying the shares of such companies, the lack of competition enables large entities to quietly accumulate these forgotten stocks to buy at a much lower rate.

Betting Big: 3 Forgotten Stocks Primed for a Breakout

Amazon intensifies investment in hardware like Kindle and Echo, focusing on Generative AI in Alexa, aiming to advance technology and bridge gaps for potential repositioning in the AI landscape. IBM, previously underperforming, has focused on generative AI for enterprise applications and identified promising use cases, potentially becoming an undervalued high-yield tech stock. IBM's AI initiatives, including watsonx, offer multiple benefits and have gained momentum, aligning with future AI trends and contributing to potential growth and valuation improvements.

The Comeback Kid! - AI-Focused IBM Is Suddenly Outperforming

Alphabet

Microsoft

Technology is advancing by leaps and bounds, and quantum computing stocks are poised to get hot. Incredibly, no more than 20 years ago, we were at the beginning of the internet, where we used computers that weighed more than twenty kilos, looked in black and white, and took hours to perform complete processes.

3 Quantum Computing Stocks That Should Be on Every Investor's Radar This Fall

Shares of International Business Machines Corp. rallied Wednesday after RBC Capital analyst Matthew Swanson set a Wall Street-high price target that suggests a nine-year high is on the horizon.

IBM's stock jumps as RBC sets new Wall Street-high target at a 9-year high

A Wall Street analyst just initiated IBM with an outperform rating and street-high price target. IBM has been trying a turnaround under new CEO Arvind Krishna.

Why IBM Shares Were Rising Today

IBM was higher Wednesday after RBC Capital initiated coverage on the tech name with a buy.

IBM is 'off to the races' after gaining a new bull on Wall Street, Jim Cramer says

Caterpillar

McDonald's

Procter & Gamble

Walmart

We have narrowed our search to five blue-chip stocks with strong upside potential for the rest of 2023. These are: CAT, MCD, WMT, PG, IBM.

5 Blue-Chip Stocks to Buy Ahead of Fed's FOMC Meeting Outcome

Apple

Amazon

Goldman Sachs

AutoZone

Chewy

Dollar General

General Mills

Johnson & Johnson

Kenvue

Lennar

On Holding AG

Pinterest

Ventas

Here are some of the tickers on my radar for Wednesday, Sept. 20, taken directly from my reporter's notebook.

Here are the 14 stocks Jim Cramer is watching, including Apple, Goldman Sachs, Amazon

Cisco Systems

Gen Digital Inc

Corning

Hewlett Packard

Juniper Networks

NetApp

QUALCOMM

Seagate Technology Holdings PLC

Skyworks Solutions

Texas Instruments

You don't have to give up big dividends if you like S&P 500 tech stocks. It's possible to get both.

12 Big Tech Stocks Pay Plump Dividends Up To 4.5%, Too

RBC Capital Markets initiated coverage of the company with a Buy rating and a price target implying the stock could rise close to 30%.

IBM Gets a New Bull. Why Its Software Business Is ‘Misunderstood.

New text classification capabilities can help to automatically categorize thousands of lines of spend data using natural language processing (NLP) ARMONK, N.Y. , Sept. 20, 2023 /PRNewswire/ -- IBM (NYSE:IBM) today announced it can help organizations accelerate the capture, calculation and analysis of Scope 3 greenhouse gas (GHG) emissions through the integration of NLP in the IBM Envizi ESG Suite.

IBM Brings New Capabilities to its Sustainability Software to Help Organizations Accurately and Efficiently Operationalize Scope 3 Greenhouse Gas Emissions Insights

Temenos Payments Hub becomes first payments solution to be available on IBM Cloud for Financial Services Temenos Payments Hub becomes first payments solution to be available on IBM Cloud for Financial Services

Temenos Brings Innovative Payments Capabilities to IBM Cloud to Help Banks Transform with Focus on Security and Compliance

IBM collaborates with iFoodDS to develop an advanced traceability solution designed to simplify the FDA's food traceability regulations for organizations and suppliers.

IBM's Solution Streamlines FDA Regulation for Enterprises

International Business Machines Corp. IBM, -0.62% said Monday it is committing to training 2 million people in artificial-intelligence technologies over the next three years, and offering course accreditation for its products. IBM shares closed Monday down 0.6% at $145.09, while the Dow Jones Industrial Average DJIA, +0.02% rose less than 0.1%.

IBM commits to training 2 million in AI over next 3 years

Learners will benefit from a new generative AI course roadmap and collaborations with Non-Governmental Organizations (NGOs) worldwide. NEW YORK , Sept.

IBM Commits to Train 2 Million in Artificial Intelligence in Three Years, with a Focus on Underrepresented Communities

3 Best Generative AI Stocks to Buy as Deep Learning Accelerates

IBM Payments Center has joined the Swift Partner Programme, creating new collaboration opportunities with Swift members. The partnership between IBM and Swift brings together IBM's expertise and Swift's global reach to deliver value for financial institutions and other businesses seeking end-to-end solutions for a wide range of payment services, IBM said in a Monday (Sept.

IBM and Swift Partner to Deliver Payments-as-a-Service to Financial Institutions

SEATTLE and ARMONK, N.Y., Sept. 18, 2023 /PRNewswire/ -- Today, iFoodDS and IBM (NYSE: IBM) announced a tech-enabled traceability solution to help companies across the food supply chain address the FDA's Food Traceability Rule, FSMA 204(d).

iFoodDS and IBM Launch New Solution to Help Organizations Address the FDA's FSMA 204 Food Traceability Rule

AT&T

The best stocks to invest in are often strong cash-flow producers. AT&T is sticking with its free cash flow guidance as it navigates through a subscriber growth slowdown.

2 Stocks That Are Cash Flow Machines to Buy Now

ARMONK, N.Y. , Sept. 18, 2023 /PRNewswire/ -- IBM (NYSE: IBM) today announced that the IBM Payments Center joined the Swift Partner Programme.

IBM Payments Center Joins Swift Partner Programme Creating New Collaboration Opportunities with Swift Members

Palantir Technologies

The artificial intelligence sector is forecasted to become nearly a $2 trillion market in the next seven years. Here are a trio of tech stocks with demonstrated success in AI.

3 Great Artificial Intelligence (AI) Stocks for Your IRA

Greenidge Generation Holdings

Mastercard

Despite Bitcoin ( BTC-USD ) losing its long-term support of $29,000, investors shouldn't discount the value of blockchain stocks in the short term. If one is bullish on the future of digital currencies and the underlying technology, then technical weaknesses like this might be meaningless in the long run.

News for IBM Stock (IBM)