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.

Fossil Group

Stryker

Toyota Motor

Toyota Motor, IBM, Stryker and Fossil Group are included in this Analyst Blog.

The Zacks Analyst Blog Toyota Motor, IBM, Stryker and Fossil Group

IBM has unveiled an upgraded computer chip that could give its customers an AI boost, potentially reshaping how some industries handle data-intensive tasks. For big businesses still relying on IBM's powerhouse mainframe systems, the Telum II processor could mean smarter, faster operations in an increasingly AI-driven world.

IBM Joins AI Chip Race with Mainframe-Focused Processor

International Business Machines announces the closure of its hardware research team in China due to geopolitical tensions between the world's two largest economies.

IBM to Shut Down China R&D Operations: Will the Stock Benefit?

International Business Machines Corporation IBM has unveiled the architecture of the upcoming IBM Telum II Processor and IBM Spyre at Hot Chips 2024. Designed to enhance processing capacity in next-generation IBM Z mainframe systems, these technologies will accelerate the use of traditional and large language AI models through an innovative ensemble artificial intelligence (AI) method.

IBM Unveils Processor Innovations to Boost AI on IBM Z Platform

Agilysys

Hewlett Packard

IBM, Hewlett Packard Enterprise and Eni SpA Agilysys have been highlighted in this Industry Outlook article.

Zacks Industry Outlook IBM, Hewlett Packard Enterprise and Eni SpA Agilysys

24/7 Wall St. Insights International Business Machines Corp.

IBM Is America's Worst Big Tech Company

Amid supply-chain woes, Computer - Integrated Systems players like IBM, HPE and AGYS benefit from integrated solutions demand and multi-cloud model adoption.

3 Stocks to Watch From a Challenging Technology Solutions Industry

US computer giant IBM confirmed Monday it would close its research and development arm in China.

IBM says will end research and development work in China

IBM (IBM) reportedly is closing its China research and development (R&D) department and moving those functions overseas.The Wall Street Journal said IBM executive Jack Hergenrother informed employees of the move in a virtual meeting Monday.

IBM Latest US Firm To Pull Back From China

International Business Machines Corp (NYSE:IBM) has revealed it will be shuttering its research and development (R&D) operation in China, impacting more than 1,000 jobs. The tech company on Monday confirmed earlier media reports about the closure, stating to Reuters: "These changes will not impact our ability to support clients across the Greater China region.

IBM shuttering China research labs, laying off 1,000 employees

IBM Corp. IBM is shutting down its research and development department in China in a move that will affect 1,000 jobs as technology companies continue moving out of the country, the Wall Street Journal reported Monday. IBM broke the news in a virtual meeting with employees in Asia, the WSJ reported. Employees told the WSJ some of the jobs will move to other locations such as Bangalore, India. An IBM China spokesperson did not comment, the WSJ said. IBM's stock fell 0.2% in premarket trading on Monday.

IBM closing research unit in China: WSJ

New IBM Telum II Processor and IBM Spyre Accelerator unlock capabilities for enterprise-scale AI, including large language models and generative AI Advanced I/O technology enables and simplifies a scalable I/O sub-system designed to reduce energy consumption and data center footprint PALO ALTO, Calif. , Aug. 26, 2024 /PRNewswire/ -- IBM (NYSE: IBM) revealed architecture details for the upcoming IBM Telum® II Processor and IBM Spyre™ Accelerator at Hot Chips 2024.

New IBM Processor Innovations To Accelerate AI on Next-Generation IBM Z Mainframe Systems

International Business Machines is moving the functions to other overseas facilities, The Wall Street Journal reported.

IBM Cuts China R&D Operations. What It Means for the Stock.

International Business Machines (NYSE: IBM) stock price was little changed on Monday after media reports noted that it was shutting down its R&D division in China, affecting over 1,000 jobs. Some of those jobs will move to Bangalore, India, where the country has a huge operation.

IBM stock analysis: would Peter Lynch buy the Big Blue?

IBM will completely shutter its China R&D, with resulting layoffs affecting over 1,000 jobs, Chinese media outlet Yicai reported on Monday, citing a statement from the company.

IBM to close China R&D department, affecting over 1,000 jobs, Yicai reports

IBM IBM 0.07%increase; green up pointing triangle is shutting down its China research and development department, the latest retreat from the country by top U.S. technology companies.

IBM Shuts China R&D Operations in Latest Retreat by U.S. Companies

IBM, an old company with a history of missed innovation, is now showing growth potential under new management. Software and GenAI business segments are driving high-single digit revenue growth and expanding margins for IBM by 100 bp. Free cash has been growing at one of the healthiest trajectories since 2020, on track to grow 7% in 2024.

IBM's Software And GenAI Investments Are Generating Strong Free Cash

IBM (IBM) reported earnings 30 days ago. What's next for the stock?

IBM (IBM) Up 2.1% Since Last Earnings Report: Can It Continue?

Cisco Systems

IBM's enterprise AI platform, paired with its consulting business, is winning over larger customers. Cisco is making progress selling its AI networking technology to hyperscalers.

2 Old-School Tech Giants Winning in the AI Market

SAN FRANCISCO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Fresche Solutions, a global leader in IBM i management and modernization, announced today its new TotalOps360 Comprehensive Managed Services for the IBM i market. Uniquely positioned as the market's only solution to provide support for infrastructure, operating systems, applications, and data, TotalOps360 addresses the critical IBM i talent shortage, providing organizations with the comprehensive support they need to ‘keep the lights on' as more experienced IBM i professionals exit the workforce.

Fresche Solutions Unveils Game-Changing TotalOps360 Comprehensive Managed Services for IBM i Market

CEO confidence in the effectiveness of basic IT services nearly halves over 10 years 43% of surveyed tech CxOs say concerns about their technology infrastructure have increased because of generative AI ARMONK, N.Y. , Aug. 21, 2024 /PRNewswire/ -- A new IBM (NYSE: IBM) Institute for Business Value study found that while IT leaders are preparing organizations for accelerated generative AI adoption, C-suite executives' confidence in their IT team's ability to deliver basic services is declining.

IBM Study: C-Suite Confidence in Delivering Basic IT Services Wanes, While Tech CxOs Focus on Gen AI Demands

IBM's free cash flows totaled $12.1 billion over the last four quarters. Of those cash profits, 55% were returned to shareholders in the form of dividends and buybacks.

What Is the Dividend Payout for IBM Stock?

NVIDIA

Nvidia's sales are skyrocketing thanks to AI chip demand. IBM recently reported $2 billion in orders for its brand-new generative AI services.

Better Artificial Intelligence (AI) Stock: Nvidia vs. IBM

The United States Tennis Association opts to utilize IBM AI capabilities to deliver a more comprehensive and engaging digital experience to millions of fans worldwide.

IBM Generative AI to Enhance Fan Experience at US Open

NIST incorporates IBM's algorithms into the world's first post-quantum cryptography standards, marking a crucial step in safeguarding digital infrastructure.

News for IBM Stock (IBM)