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.

Advanced Micro Devices

Cadence Design Systems

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IonQ

Mitsubishi Electric Corp

Marvell Technology

Microsoft

National Instruments

NVIDIA

Defiance Quantum ETF

Teradata

Learn about the ETF currently dominating the field of quantum computing.

Investing in a Quantum Computing ETF

Apple

American Express

Celsius Holdings

Cisco Systems

Dow Inc

Enphase Energy

Intel

Coca-Cola

NexTier Oilfield Solutions Inc

NIKE

Procter & Gamble

Transocean

TETRA Technologies

Two new sample Breakout Stocks for Week 27 with better than 10% short-term upside and a Dow 30 Picks. Average cumulative returns for 2023 are up to +102.0% YTD. Last week, neither the MDA nor Bounce/Lag models had any 10% peak gainers. The strong start to RIG +7.8% on Friday for members may end the drought. The streak of weekly picks gaining over 10% in less than a week has reached 252 out of 318 trading weeks (79.2%) not considering multiple gainers or negative signals.

July MDA Breakout Stocks Week 27 - 2023: High-Frequency Gainers To Give You An Edge

IBM has underperformed in recent years; shares falling 28.28% in past decade, but strong fundamentals and focus on AI and cloud services could change investor sentiment. IBM's recent acquisition of Apptio, a software company that helps businesses manage and optimize IT spending, is seen as a positive step in its digital transformation. Despite the company's underwhelming performance, IBM's dividend remains attractive, with a current yield of 4.96%. The company has increased its dividend annually for 23 consecutive years and is on the verge of becoming a Dividend Aristocrat, which could make it more appealing to income and institutional investors.

IBM: Acquiring Apptio, Dividends, AI, And Collaborations Position It For Future Upside

The age of quantum computing is upon us. Best described as supercomputers, quantum computing technology is able to process vast amounts of data at speeds once thought unimaginable.

The 3 Most Undervalued Quantum Computing Stocks to Buy Now: June 2023

IBM has started 2023 with a stagnant first quarter. Instead of shrinking the balance sheet and simplifying the business, the company has resorted to a substantial deal again. I am cautious given this observation, still seeing no reasons to deviate from a neutral stance.

IBM: Apptio Deal To Reverse The Simplification Process

I discuss IBM's performance, leading provider of enterprise solutions, in 1H 2023. Despite a stable business model, solid cost-cutting efforts, and a clean balance sheet, IBM has underperformed due to its unimpressive chart and fair valuation. IBM has potential for growth with its recent Apptio acquisition and investment in AI, especially in content logistics driven by generative AI. However, risks include poor execution in market expansion and a potential decline in corporate IT spending due to a broad economic slowdown.

IBM: High Free Cash Flow And Yield, But Limited Growth Expected

IBM presents a compelling investment opportunity due to its consistent dividend payments, commitment to AI and cloud technologies, and strategic acquisitions.

IBM: Emerging Buying Opportunities (Technical Analysis)

AT&T

Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing makes chips solely for other companies, not for its own designs. AT&T still has a dividend yield of around 7% after cutting it in half last year.

3 Dividend-Paying Tech Stocks to Buy in July

Alphabet

The biggest theme of 2023 is easily the emergence of artificial intelligence. It's a little strange since AI in various forms, such as Alexa, has been around for years, but it's really the development of ChatGPT that has put imaginations into motion.

AI Stocks Alert: How to Identify the Winners in the AI Revolution

Broadcom

AI has had all the buzz in 2023, as such, we are going to look at 4 Dividend Stocks set to benefit from AI in the coming years. Microsoft and Nvidia have been the clear leaders in the space, but there are plenty of other companies involved in AI. Q1 saw the largest number of mentions of the word "AI" within S&P 500 conference calls in over the past 10 plus years.

4 Dividend Stocks Set To Benefit From AI

Texas Instruments

Watson made IBM an early pioneer in AI, and the work continues. AI will probably change the way that HP designs its PCs.

Looking for AI-driven Dividend Income? 3 Stocks That Will Bring High and Increasing Payouts

On Thin Ice: 3 AI Stocks at Risk After Failing to Meet EU Standards

Quantum computing stocks are gaining traction among investors. This trend has sparked a surge in quantum computing stocks to buy.

3 Quantum Computing Stocks That AI Predicts Will Deliver Triple-Digit Returns in 2030

Juniper Networks

NetEase

For those who seek exposure to tech and want to limit volatile price swings, all three of these low-beta stocks could be great considerations. And as of late, all three have seen optimism among analysts.

Limit Volatility With These 3 Low-Beta Tech Stocks

It had been less than five months since the Bellevue, Wash.-based enterprise technology company pulled off a successful initial public offering, seeing its shares climb more than 46% in its stock market debut.

From idea to IPO to IBM: How Apptio defied the skeptics on its 16-year journey to a $4.6B deal

The exploration of quantum computing will expand longstanding IBM and RPI partnership and seeks to accelerate New York's growth as a next-generation computing epicenter TROY, N.Y. and ARMONK, N.Y.

Rensselaer Polytechnic Institute Plans to Deploy First IBM Quantum System One on a University Campus

This AI stock doesn't just offer a high dividend yield, but has also increased its dividend for 28 consecutive years. The company is a pioneer in AI and continues to invest heavily in this exciting area.

Here's the Only AI Stock on the Market With a Dividend Yield of 5%

AbbVie

Amazon

Chevron

MercadoLibre

PayPal

Service Corp

While swinging for the fences brings excitement to the art of investing, slow and steady usually wins the race, which brings us to the best investments for 40-year-olds. Around this time frame, the emphasis centers on balance.

7 Stocks That Every 40-Year-Old Should Buy Today

IBM Corp's recently-announced acquisition of Apptio Inc for $4.6 billion is “a bit pricey” relative to public small-cap software valuations, UBS analysts wrote in a note to clients.   They have a ‘Sell' rating on shares of IBM with a 12-month target price of US$110 per share.

IBM stock slapped with ‘Sell' rating on view ‘Big Blue' paid too much for Apptio

IBM's transition toward AI and cloud began nearly a decade ago, shaping its present-day business model. The rise of generative AI, led by ChatGPT, offers IBM a unique opportunity to market its broad portfolio of AI tools.

Will IBM's AI Investments Actually Pay Off?

The transaction is likely to bolster IBM's IT automation capabilities, empowering enterprise leaders to generate incremental value across the technology domain.

IBM to Acquire Apptio to Enhance IT Automation Capabilities

The acquisition news was a rare glimmer of hope for IBM's share price, given the stock has had a gloomy 2023 so far.

IBM Is Cloudgazing With Its Latest $4.6 Billion Software Company Acquisition

IBM has agreed to buy FinOps software provider Apptio for $4.6 billion. The move makes sense, bringing Apptio's cloud and IT spend management tools, along with a ton of data for IBM's AI products.

IBM Makes a Smart $4.6 Billion Acquisition

Half (50%) of CEOs surveyed report they are already integrating generative AI into digital products and services, but more than half (57%) of CEO respondents are concerned about data security and 48% worry about bias or data accuracy  Fewer than one in three CEOs (28%) surveyed have assessed the potential impact of generative AI on their workforces, and 36% say they plan to do so in the next 12 months ARMONK, N.Y. , June 27, 2023 /PRNewswire/ -- A new global study by the IBM (NYSE: IBM) Institute for Business Value found that nearly half of CEOs surveyed identify productivity as their highest business priority—up from sixth place in 2022.

IBM Study: CEOs Embrace Generative AI as Productivity Jumps to the Top of their Agendas

IBM (NYSE: IBM) just announced plans of buying Apptio – a Washington-based software company that will help advance its automation capabilities. Apptio could boost Red Hat sales The tech behemoth has agreed to pay $4.6 billion in cash for the said acquisition.

News for IBM Stock (IBM)