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.

ASML Hld

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IonQ

Microsoft

PayPal

While chasing the latest innovation can lead to tremendous gains in the market, investors may be better served with patience, which segues into a discussion of tech stocks with long-term potential. These enterprises might not immediately reward you with life-changing returns.

7 Tech Stocks Playing the Long Game

Shares of International Business Machines Corp. IBM, +1.02% were increasing 1.1% in midday action Tuesday and on track to advance for the ninth straight session. Tuesday's gains put the telecommunications stock on pace to log its longest winning streak since Sept.

IBM stock climbs toward longest winning streak in more than 10 years

Cisco Systems

QUALCOMM

Cisco's scale and market dominance can't be ignored. Qualcomm's cyclical downturn could end next year.

3 High-Yield Tech Stocks to Buy in June

IBM has increased its dividend for the last 23 years. IBM has AI software and services with Watson and other initiatives. IBM has combined AI with its hybrid cloud services.

IBM: Buy For The 5% Dividend, Hold For The AI Upside

Pfizer

Exxon Mobil

Dividend stocks have become the preferred investment choice for many investors due to the array of benefits they offer.

3 dividend stock picks for June 2023

AbbVie

Amcor Plc

Franklin Resources

Cincinnati Financial

Chevron

Federal Realty Investment Trust

NextEra Energy

Realty Income Corp

Target

T. Rowe Price Group

V.F.

Walgreens

"Dividend Aristocrats in the S&P 500 Index have raised their annual payouts every year for at least 25 consecutive years. "--Kiplinger.com/Investing. 67 Aristocrats, screened as of June 6, 2023, represented all eleven Morningstar Sectors. Broker estimated-top-ten net-gains ranged 20.58%-43.58% topped-by TGT & VFC. By yield, VFC topped-all Aristocrats. Top-ten Yields from TROW, ABBV, FRT, BEN, AMCR, IBM, O, WBA, MMM, & VFC, averaged 5.15%.

4 Dividend Aristocrat Buys For June And 5 To Watch

Advanced Micro Devices

Dell Technologies

Intel

Lockheed Martin

NVIDIA

Oracle

An erudite and thoughtful conversation about AI with Ramy Taraboulsi, CFA and Kirk Spano. Neural networks, hype and building something we don't understand.

AI Cannot Be Slowed Down - With Ramy Taraboulsi And Kirk Spano

Ally Financial

Ally continues to win deposits despite banking turmoil. IBM plays a key role helping enterprises navigate cloud computing and AI.

2 Bargain Stocks for Long-Term Investors

International Business Machines Corporation (NYSE:IBM ) Bank of America 2023 Global Technology Conference Call June 6, 2023 5:20 PM ET Company Participants Rob Thomas - Senior Vice President, Software and Chief Commercial Officer Conference Call Participants Wamsi Mohan - Bank of America Wamsi Mohan My name is Wamsi Mohan, I cover IT hardware for BofA. Delighted to welcome IBM here today.

International Business Machines Corporation (IBM) Bank of America 2023 Global Technology Conference (Transcript)

Amgen

Disney

Dow Inc

Goldman Sachs

Coca-Cola

NIKE

UnitedHealth Group

Visa

Verizon

"The Dow adds a stock if the company has an excellent reputation, demonstrates sustained growth, and is of interest to a large number of investors. Sector representation.is also a consideration.” - Dow Jones & Co. The highest-yield 10 stocks are June's Dogs of the Dow: KO, CSCO, GS, AMGN, CVX, IBM, DOW, MMM, WBA, and VZ, averaged a 4.79% annual yield. Thirty Dow stocks represent nine of eleven sectors. Dow Jones tracks utilities as a separate index and omits real estate. Broker top-ten target-estimated June net-gains ranged 17.45%-35.7%, topped by WBA 6/5/23.

Buy 3 June Dogs Of The Dow, Watch 4

SAN FRANCISCO--(BUSINESS WIRE)-- #presto--On the heels of two Presto-related announcements from IBM — its watsonx.data datalake and its acquisition of Ahana — the Presto Foundation community will gather at the upcoming free virtual PrestoCon Day to discuss the growing use of Presto at internet-scale companies and for the Open Data Lakehouse. At the event, IBM will share more about their decision to join the Presto Foundation and demo its new watsonx.data lakehouse architecture, which includes Presto as o.

Presto Foundation Announces IBM Membership and Community Momentum as Annual PrestoCon Day Approaches

Leveraging multiple IBM quantum computing systems, the facility is likely to cater to cloud-based quantum computing research and exploratory activity of users.

IBM Plans to Develop First Quantum Data Center in Europe

Altria

AT&T

High-yield investing can be extremely rewarding. However, not all high-yield stocks - even stalwarts - are good investments. We share four - including two Dividend Kings and one Dividend Aristocrat - that we are avoiding right now. We also share one of our top high-yield picks of the moment that combines rapid dividend growth with a high current yield and a strong balance sheet.

Sell Alert: Four 5-8% Yielding Stalwarts That I Am Avoiding

The IBM facility in Ehningen, Germany, expected to open in 2024 IBM Quantum to allow European cloud region users to provision quantum systems and process data within the EU ARMONK, N.Y. and EHNINGEN, Germany , June 6, 2023 /PRNewswire/ -- Today, IBM (NYSE: IBM) announced plans to open its first Europe-based quantum data center to facilitate access to cutting-edge quantum computing for companies, research institutions and government agencies.

IBM to Build its First European Quantum Data Center to Serve Expanding Ecosystem

Buckle

Omega Healthcare Investors

Philip Morris

Let's highlight five low-vol payers—with dividends between 5% and 12.8%–that can provide long-term stability while funding our payout-powered retirements.

Dividends Up To 12.8% With These Low-Vol Stocks

CompX International

Taitron Components

Crown Crafts

Evolution Petroleum

Epsilon Energy Ltd

Medifast

In arguably a vast majority of cases, the concept of top safe high-yield dividend stocks represents an oxymoron. Stated differently, if you want robust passive income, you usually must concede your preferences for reliability and sustainability.

7 Safe High-Yield Dividend Stocks to Buy in June 2023

IBM recently announced a halt in the hiring process as it's aiming to replace around 8000 jobs with AI technology.

IBM to Retrench About 8,000 Jobs to Move Toward AI Automation

IBM's profitability has declined over the past years, with net profit margin decreasing and not comparing favorably to its peers. The company has improved its efficiency and liquidity position since late 2021, and maintains a strong track record of dividend payments and share repurchases. Despite these improvements, the current IBM stock price is not attractive enough to start a new position, leading to a maintained "hold" rating.

IBM: Why It Still Does Not Deserve A 'Buy' Rating

IBM is among the great American business failures of the past several decades. In 1980, IBM was the eighth largest corporation in the country, according to the Fortune 500.

IBM's Reputation Rating Collapses

Amazon

ServiceNow

Artificial intelligence has become 2023's hottest investment trend. Investors are scanning the landscape for innovative companies, many of which are small and unprofitable.

Nvidia and these 6 tech giants will gobble up the AI pie

Corning

While on the surface it appears that the stock market has had an incredible first five months, especially compared with 2022, in reality it has just been a handful of stocks that have lifted the Nasdaq up a stunning 25% and the S&P 500 up almost 10%.

Miss the Huge AI Rally? 7 Dividend Tech Stocks to Help Catch the Rest of the Run

News for IBM Stock (IBM)