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.

Oracle

As of Sept. 11, 2024, two stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 2 Tech Stocks That May Crash This Quarter

In the latest trading session, IBM (IBM) closed at $205.32, marking a +0.88% move from the previous day.

IBM (IBM) Rises Higher Than Market: Key Facts

IBM is set to expand Oracle consulting expertise in the supply chain, logistics and finance with the Accelalpha buyout.

IBM to Buy Accelalpha to Boost Consulting Expertise: Stock to Gain?

LOS ANGELES--(BUSINESS WIRE)-- #investmentbanking--Century Park Capital Partners Pending Sale of Accelalpha to IBM.

Century Park Capital Partners Pending Sale of Accelalpha to IBM

Expanded network of consulting experts will help clients maximize generative AI investments, optimize compute and implementation costs ARMONK, N.Y. , Sept. 10, 2024 /PRNewswire/ -- Today, IBM (NYSE: IBM) announced it has expanded its consulting services and solutions to help clients derive greater value from Oracle's cloud applications and technology and extend generative AI with an open, orchestrated approach.

IBM Launches New Services to Help Oracle Clients Extend Generative AI

-IBM Granite puts generative AI to work for fantasy football users, offering more detailed reasoning around players' assigned waiver grades and trade grades -New IBM and Morning Consult survey finds that fantasy football users are turning to AI to enhance digital performance and experience in fantasy leagues ARMONK, N.Y. , Sept. 10, 2024 /PRNewswire/ -- IBM (NYSE: IBM) and ESPN are unveiling enhancements to the ESPN Fantasy app – powered by generative AI technologies from IBM's AI and data platform, watsonx – designed to deliver a more customized and engaging digital experience for more than 12 million fantasy football users.

IBM Brings Next Generation of AI-Powered Insights to ESPN Fantasy Football Platform

Hewlett Packard

Xerox

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Weigh In On 3 Tech Stocks Delivering High-Dividend Yields

IBM announced Monday that it plans to acquire Accelalpha, a Bellevue, Wash.

IBM to acquire Accelalpha, a Seattle-area firm that helps companies manage Oracle Cloud products

International Business Machines Corporation (NYSE:IBM ) Goldman Sachs Communacopia + Technology Conference September 9, 2024 8:30 PM ET Company Participants Conference Call Participants James Schneider Okay. Good morning, everybody.

International Business Machines Corporation (IBM) Goldman Sachs Communacopia + Technology Conference (Transcript)

Accelalpha's supply chain, logistics, finance, EPM and CX-CPQ skills to accelerate clients' Oracle Cloud Application adoption ARMONK, N.Y. , Sept. 9, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today announced its intent to acquire Accelalpha, a global Oracle services provider with deep expertise helping clients digitize core business operations and accelerate adoption of Oracle Cloud Applications.

IBM to Acquire Accelalpha, Leading Oracle Consultancy

IBM appears to be treading in the middle of the road, and new investors could be better off if they trade with caution.

IBM Gains 35% in the Past Year: Reason to Buy the Stock?

IBM has pivoted from a traditional tech company to an AI powerhouse. The Watson AI engine is designed to deliver reliable and traceable outputs -- just what enterprise-class corporate clients always wanted.

Where Will IBM Be in 5 Years?

Microsoft

IBM's growth rates are stabilizing as it expands its hybrid cloud and AI services. Microsoft's cloud and AI businesses are still growing rapidly.

Better Cloud and AI Stock: IBM vs. Microsoft

Amgen

Amazon

Boeing

Salesforce

Cisco Systems

Chevron

Disney

Dow Inc

Intel

Johnson & Johnson

Coca-Cola

Merck

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

Buy 3 September Dogs Of The Dow; Watch 6

New location reaffirms IBM's commitment to the growing technology industry ecosystem of New York City and State NEW YORK , Sept. 6, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today celebrated the opening of its new flagship office at One Madison Avenue, marking a significant milestone for the New York-based global technology company.

IBM Unveils New Flagship Office at One Madison Avenue in New York City

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Cyolo, the leading provider of secure remote access solutions for operational technology (OT) and industrial control systems (ICS), today announced its new integration with IBM Security's on-premise QRadar Security Information and Event Management (SIEM) offerings. Together, Cyolo's industry-leading PRO Secure Remote Access Platform (SRA) and IBM's QRadar SIEM will enhance cybersecurity capabilities like threat detection and mitigation in critical OT/ICS.

Cyolo Announces Integration with IBM's On-Premise QRadar Security Solutions to Enhance Secure Remote Access Capabilities

24/7 Wall St. Insights The stock market is way overbought, but some blue chips are at bargain prices.

5 Dow Jones Industrials Blue Chip High-Yield Dividend Giants Are Still On Sale

NVIDIA

Walmart

California Public Employees' Retirement System slashed stakes in Nvidia, IBM, and Walmart, while buying more shares of Lucid Group in the second quarter.

Largest U.S. Pension Sold Nvidia, IBM, and Walmart

Abbott Labs

Archer-Daniels-Midland Company

ConocoPhillips

CVS Health

Energy Transfer LP Unit

Halliburton

Altria

Omnicom Group

Southern Company

Sysco

AT&T

Exxon Mobil

The June/July 2024 edition of Fortune revealed the 500 biggest U.S. companies by revenue and profits. Dogcatcher's quest to sniff-out the best dividend-buys focused on 66 industry-leaders (IL) using YCharts 8.28.24-data. Those 66 industry-leaders were segmented-into 21 business-sectors, ranging (alphabetically) from apparel to wholesalers. 3 of-the 66 were private or foreign exchange listed-firms, not tracked by YCharts, leaving 63-listed. 57 dividend-yielding stocks led those 63 industry-leaders and ranged 0.04% to 7.87% in annual-yield and ranged -10.41% to 51.96% in broker-estimated one-year target-price-upsides.

3 Fortune 500 Industry Leaders Boast Ideal August Dividends

Dell Technologies

Many AI stocks have skyrocketed recently, but some top-notch options remain modestly priced. Dell has a growing backlog of unfilled AI orders, currently worth $3.8 billion.

Artificial Intelligence (AI) Stocks Are Soaring in Price. Here Are 2 Bargains.

IBM's Q2 results exceeded expectations, driven by strong performance in software, consulting, and infrastructure, and a 24% increase in free cash flow. IBM's AI strategy, including the Watsonx platform and Meta's Llama 3 integration, positions it well for enterprise AI adoption with enhanced security and customization. IBM's valuation is currently undervalued, with a forward P/E ratio of 19.58, suggesting a potential 20.42% upside if it matches the sector median.

IBM: Top Tier Enterprise AI Play

Intel has found its first cloud customer for its Gaudi 3 AI accelerator chip: IBM Cloud.

IBM Cloud to offer Intel's Gaudi 3 AI chips next year

IBM details its upcoming Telum II mainframe chip as well as its Sprye AI accelerator card. Both chips will be available in new mainframe systems next year.

IBM's Next Mainframe Will Pack an AI Punch

IBM is gaining ground in the AI space, but its stock still looks undervalued. Big Blue stock trades at 14 times free cash flow, much lower than the S&P 500 and Dow Jones averages, not to mention market darlings like Apple and Nvidia.

Prediction: This Under-the-Radar Tech Stock Will Outperform Nvidia and Apple by 2030

IBM's fair value is estimated to be around $145 per share using a dividend discount model with an 8.2% required rate of return. Despite improving business performance, IBM's stock appears overvalued based on traditional price multiples and historical valuation metrics. IBM remains a robust dividend payer, benefiting from potential lower interest rates and improved macroeconomic conditions.

News for IBM Stock (IBM)