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 missed revenue expectations for the second quarter, but the software and consulting businesses both performed well. The company plans to build a major consulting business around AI, much like it's done with hybrid cloud computing.

Is It Time to Buy IBM Stock After a Solid Earnings Report?

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Although the best dividend stocks for portfolio protection might come off as a rather boring endeavor, at the present juncture, there may be no more relevant idea for investors. Frankly, with the world seemingly poised for a massive conflict, market participants may want to seek the relative stability of dividend investing in proven enterprises.

The 7 Best Dividend Stocks to Protect Your Portfolio From Global Chaos

IBM told shareholders it expects the second half of the year to be better than the first.

Is IBM an Excellent Dividend Stock to Buy?

AI/Automation cut breach lifecycles by 108 days; $470,000 in extra costs for ransomware victims that avoid law enforcement; Only one third-of organizations detected the breach themselves CAMBRIDGE, Mass. , July 24, 2023 /PRNewswire/ -- IBM (NYSE: IBM) Security today released its annual Cost of a Data Breach Report,1 showing the global average cost of a data breach reached $4.45 million in 2023 – an all-time high for the report and a 15% increase over the last 3 years.

IBM Report: Half of Breached Organizations Unwilling to Increase Security Spend Despite Soaring Breach Costs

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The Dow's 10-straight day rally keeps making history — it hasn't done this since at least 2017. And investors can thank a select group.

11 Stocks Drive The Dow's Amazing 10-Straight Day Rally

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Tech stocks are still outperforming the S&P 500 this year, amid an artificial intelligence-fueled resurgence, but as quarterly earnings started in earnest this week, investors are being reminded that AI is not going to become an immediate or a major revenue contributor for most companies for some time.

Despite hype, tech earnings still won't show many results from AI yet

International Business Machines NYSE: IBM share rose by as much as 3.0% to mark the high for Thursday's trading session. The reaction came from the company's second quarter 2023 earnings results, which were released during the post-market hours of Wednesday evening.

IBM Is The Perfect Example Of Why Size Matters: An Earnings Story

The Dow outpaced other market indexes on Thursday afternoon. Johnson & Johnson announced solid growth in the second quarter of 2023.

These 2 Stocks Just Sent the Dow Jones Soaring

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Dividend stocks to buy as a concept offers universal relevance because of the underlying passive income. While nothing is guaranteed in the market, if you acquire shares of established enterprises that reward their shareholders with consistent payouts, dividend investing can bolster confidence.

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IBM reported its second straight quarter of revenue growth (by one metric) last night. Management forecast stronger, accelerating revenue growth as the year progresses.

Why IBM Stock Popped After Earnings

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After the closing bell on Jul 19, International Business Machines (IBM) reported mixed second-quarter 2023 results. It beat earnings estimates but lagged on revenues.

IBM Beats on Q2 Earnings: ETFs in Focus

On its earnings call Wednesday, the company highlighted the opportunity for Watson X, its new platform for enterprise AI applications.

Is IBM the Next Hot AI Stock? This Analyst Says Watson X Software Is the Company's Most Promising New Product In Years

IBM shares gained after the technology giant beat earnings estimates as productivity rose following layoffs and emphasized client demand for its AI products.

IBM Shares Climb on Gross Margin Beat, Rising Demand for AI Products

Despite healthy demand for hybrid cloud and AI solutions, IBM faltered on second-quarter 2023 revenue estimates.

IBM Q2 Earnings Beat, Revenues Miss Despite Cloud Demand

International Business Machines Corp. (NYSE: IBM) posted mediocre figures for the latest quarter, as it has for over a decade.

IBM Remains America's Worst Big Tech Company

International Business Machines Corp. (NYSE:IBM) reported a slight second-quarter revenue miss due to a sharp decline in infrastructure spending. But the company delivered earnings ahead of expectations and stuck to its full-year sales forecast.

IBM delivers mixed bag with 2Q earnings

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International Business Machines Corporation (IBM) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for IBM (IBM) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

IBM (IBM) Reports Q2 Earnings: What Key Metrics Have to Say

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While Tesla and United beat on both top and bottom lines, Netflix and IBM were mixed.

Full Slate of Q2 Earnings: TSLA, NFLX, IBM, UAL & More

IBM (IBM) came out with quarterly earnings of $2.18 per share, beating the Zacks Consensus Estimate of $2 per share. This compares to earnings of $2.31 per share a year ago.

IBM (IBM) Q2 Earnings Beat Estimates

International Business Machines Corp. topped profit expectations for its latest quarter Wednesday, while sporting double-digit revenue growth in its two crucial business categories of Red Hat and data and artificial intelligence.

IBM earnings feature double-digit growth from AI, Red Hat software

IBM's data and AI products showed the fastest expansion, growing 10% from a year earlier, the company said.

IBM reports earnings beat, but misses on revenue

Solid results in software and services were partially offset by softer mainframe sales.

IBM Earnings Top Estimates on Strong Software Sales

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News for IBM Stock (IBM)