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.

Otis Worldwide

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It's not just the S&P 500 itself hitting an all-time high. A surprising group of big stocks are doing the same.

13 S&P 500 Stocks Soar To All-Time Highs (None Are In The Mag 7)

If IBM is ready to slow down after a strong run, how can you profit? Enter the bear call strategy.

Think IBM Stock Needs A Rest? This Option Strategy Can Return 15% If It Does.

Latest IBM Quantum system, powered by an IBM Quantum Heron processor, achieves reduced error rates at 16 times better performance, and 25-fold increase in speed over 2022 IBM Quantum systems.(1) IBM completes installation of second IBM Heron, its most performant quantum processor to date, now available to clients globally.

IBM Expands Quantum Data Center in Poughkeepsie, New York to Advance Algorithm Discovery Globally

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S&P 500 Hits New All-Time High on Tech Rally: 5 Stocks Set to Gain

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The surging demand for cloud computing is helping stocks like DDOG, NTAP, IBM and FTNT.

Cloud Computing Dependency on the Rise: Buy 4 Stocks With Upside

IBM (IBM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

IBM (IBM) Upgraded to Buy: Here's Why

IBM (IBM) concluded the recent trading session at $220.50, signifying a +1.29% move from its prior day's close.

Why IBM (IBM) Outpaced the Stock Market Today

New AI foundation model offers insights beyond forecasting for scientists, developers, and businesses to better understand and analyze weather and climate data YORKTOWN HEIGHTS, N.Y. , Sept. 23, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today announced a new AI foundation model for a variety of weather and climate use cases, available in open-source to the scientific, developer, and business communities.

IBM and NASA Release Open-Source AI Model on Hugging Face for Weather and Climate Applications

New locations in Bucharest, Romania, Buffalo, New York, and Leicester, UK, aim to help clients explore opportunities in generative AI, hybrid cloud and other Microsoft technologies to transform their business ARMONK, N.Y. , Sept. 19, 2024 /PRNewswire/ -- Today, IBM (NYSE: IBM) and Microsoft announced the official opening of three new IBM-Microsoft Experience Zones within IBM's Client Innovation Centers.

IBM and Microsoft Open Three New Experience Zones to Provide Global Clients with More Hands-on Access to Cloud and Generative AI Solutions

ARMONK, N.Y. , Sept. 18, 2024 /PRNewswire/ -- New findings from IBM's (NYSE: IBM) Institute for Business Value and the Banking Industry Architecture Network (BIAN), with contributions from the SME Finance Forum managed by the International Finance Corporation (IFC), revealed that despite the significant role small to medium-sized enterprise (SME) plays in the global economy, banks may be missing an opportunity to foster growth in this market due to their focus on reducing risks, meeting regulatory requirements, and the substantial costs of serving this highly diverse client segment.

IBM Study: Divergent Views Among Small to Medium Sized Business Leaders and the Banks that Serve Them Uncover a White Space for Nimble Financial Institutions to Compete in this Varied Market Segment

IBM today announced that it has acquired Kubecost, a FinOps startup that helps teams at companies like Allianz, Audi, Rakuten and GitLab monitor and optimize their Kubernetes clusters with a focus on efficiency and, ultimately, cost.

IBM acquires Kubernetes cost optimization startup Kubecost

UNDP and IBM developed two new interactive models for UNDP's Data Futures Exchange's GeoHub: the AI model Electricity Access Forecasting and the statistical geospatial model Clean Energy Equity Index. The organizations collaborated through the IBM Sustainability Accelerator program using technologies such as IBM watsonx, IBM Cloud and IBM Environmental Intelligence.

UNDP and IBM Launch New Tools to Forecast Energy Access and Model Energy Equity

IBM's AI-driven growth prospects and moderate valuation make it an attractive investment, warranting a buy rating despite current economic uncertainties. Strong earnings with significant improvements in key metrics, particularly in the Software segment, showcase IBM's resilience and potential for future growth. New AI-focused chip architectures and the strategic acquisition of Accelalpha highlight IBM's commitment to leading the enterprise AI market.

IBM: The Return Of The King

The latest trading day saw IBM (IBM) settling at $217.16, representing a +1.1% change from its previous close.

IBM (IBM) Beats Stock Market Upswing: What Investors Need to Know

IBM today launched the Qiskit Functions Catalog, a new set of services that aims to make programming quantum computers easier by abstracting away many of the complexities of working with these machines.

IBM makes developing for quantum computers easier with the Qiskit Functions Catalog

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Goldman Sachs Adds 2 Blue Chip Dividend Giants to Its List of Top Stock Picks

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Bitcoin Miners Diversify, Chase Lucrative AI Deals

IBM said on Wednesday it expects a pre-tax charge of nearly $2.7 billion in the third quarter, related to a transaction involving the transfer of some of its pension plan obligations to a unit of Prudential Financial.

IBM to take $2.7 bln charge related to transfer of pension obligations

IBM stock is nearing a return to record territory for the first time in a decade amid rising AI excitement.

IBM Stock Gets Price-Target Hike As Big Blue Approaches Record Territory

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.

News for IBM Stock (IBM)