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.

IBM Environmental Intelligence Suite combines weather, climate, and operational data and environmental performance management into a single solution Helps   companies anticipate and respond to  climate   risks, such as   flooding and wildfires, while providing insights to help improve resiliency and meet sustainability goals Addresses World Economic Forum's Top Three Most Likely Risks for Businesses over the next decade ARMONK, N.Y., Oct. 12, 2021 /PRNewswire/ -- IBM (NYSE: IBM) today announced a suite of environmental intelligence software that leverages AI to help organizations prepare for and respond to weather and climate risks that may disrupt business, more easily assess their own impact on the planet, and reduce the complexity of regulatory compliance and reporting.

IBM Unveils AI-Driven Software for Environmental Intelligence, Helping Businesses Address Sustainability Objectives and Climate Risk

IBM (IBM) closed the most recent trading day at $142.43, moving -0.55% from the previous trading session.

IBM (IBM) Stock Moves -0.55%: What You Should Know

IBM (IBM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: IBM (IBM) Q3 Earnings Expected to Decline

Raytheon Technologies

International Business Machines Corp (NYSE: IBM) and Raytheon Technologies Corp (NYSE: RTX) have agreed to strategic collaboration to develop advanced artificial intelligence, cryptographic and quantum solutions for the aerospace, defense, and intelligence industries. The financial terms of the arrangement were not disclosed.

IBM, Raytheon Intend To Develop Artificial Intelligence, Cryptographic, Quantum Solutions

SPDR Dow Jones Industrial Average ETF

Dow Inc

Goldman Sachs

Intel

Johnson & Johnson

JPMorgan Chase & Co

UnitedHealth Group

With some of the blue-chip companies expected to report an earnings surprise, investors should closely monitor the movement of the Dow ETF.

What Lies Ahead for Dow ETFs in Q3 Earnings?

ARMONK, N.Y., Oct. 11, 2021 /PRNewswire/ -- IBM (NYSE: IBM) and Raytheon Technologies (NYSE: RTX) will jointly develop advanced artificial intelligence, cryptographic and quantum solutions for the aerospace, defense and intelligence industries, including the federal government, as part of a strategic collaboration agreement the companies announced today.

IBM and Raytheon Technologies to Collaborate on Artificial Intelligence, Cryptography and Quantum Technologies

ARMONK, N.Y. and NEW YORK, Oct. 11, 2021 /PRNewswire/ -- IBM (NYSE: IBM) and Deloitte today announced a new offering—DAPPER, an AI-enabled managed analytics solution.

IBM and Deloitte Launch New AI Offering to Unlock Business Insights in Hybrid Cloud Environments

Apple

Caterpillar

Salesforce

Chevron

Disney

Endeavor Group Holdings

Endeavour Silver

McDonald's

Magnolia Oil & Gas Corp

Two new Breakout Stocks for Week 41 with better than 10% short-term upside potential. The ETF/ETN forecast section now goes out in a separate article. Following the Momentum Gauges® the portfolio is up +68.6% YTD with a record high 23 weeks out 40 weeks this year in negative conditions above the 40 MG level.

Week 41 MDA Breakout Stocks - October 2021: Short-Term Picks To Give You An Edge

IBM said on Thursday it requires all U.S. employees to be fully vaccinated against COVID-19 by Dec. 8, or they will face unpaid suspension.

IBM mandates all U.S. employees to be fully vaccinated by Dec. 8

International Business Machines (IBM) announces a five-year contract with Honda Motors to manage and run the automaker's finance and procurement operations in Europe.

IBM to Manage Finance, Procurement for Honda in Europe

The company will accept medical and religious exemptions for employees who can't or don't want to get vaccinated.

IBM says all U.S. employees must be vaccinated by Dec. 8 or face unpaid suspension

The Dow Jones Industrial Average DJIA, +1.52% is shooting up 537 points, or 1.6%, with 29 of its 30 components gaining ground, as investors cheered signs that the government's debt ceiling deadline will be extended. The only stock losing ground was International Business Machine Corp.'s IBM, -0.07% , which slipped 0.1%, putting it on track for a third straight loss.

There's only 1 Dow stock that's falling

IBM is partnering with FinTech startup MonetaGo to tackle trade finance fraud, and it will set its sights first on Southeast Asia, according to a press release. MonetaGo offers a secure financing solution that works to lower the risks that are associated with duplicate financing and fraudulent documents used in trade finance, Trade Finance Global […]

IBM, MonetaGo Team Up to Tackle Trade Finance Fraud

Last month proved to be a pivotal one for the S&P 500 Index (SPX), as " September seasonality " resulted in a monthly losses for the index, which also snapped a seven-month win streak -- its longest since 2017.

Avoid This Blue-Chip Stock in October

Call for Code is the largest tech-for-good initiative of its kind, creating solutions to do real, complex work to make the world a better place.

Why IBM relies on the voices of diverse communities to help innovate impactful technology

We think that Salesforce.com's stock (NYSE: CRM) currently is a better pick compared to IBM's stock (NYSE: IBM). Salesforce.com's stock trades at about 11.6x trailing revenues, compared to around 1.7x for IBM.

Salesforce.com's Stock Over IBM?

IBM to lay the foundations for Honda's end-to-end "Zero Touch" ambitions LONDON, Oct. 6, 2021 /PRNewswire/ -- IBM (NYSE: IBM) and Honda Motor Europe today announced a five-year agreement under which IBM plans to manage and run Honda's finance and procurement operations across Europe. The contract is designed to deliver integrated end-to-end service which can help Honda improve efficiency, reduce costs, standardise processes across its European operations and ultimately set it on course to a "Zero Touch" vision.

IBM Signs Five-Year Agreement with Honda Motor Europe Ltd to Integrate and Manage Its Finance and Procurement Operations

Home Depot

Altria

Merck

Invesco S&P 500 Equal Weight ETF

Schwab US Dividend Equity ETF

AT&T

Texas Instruments

Vanguard Total Stock Market ETF

SCHD has performed very well as investors have become less enthusiastic about the growth stocks that dominate VTI. We take an in-depth look at some of the valuation metrics and quant ratings of the top 25 stocks that make up 75% of SCHD's total value.

SCHD, RSP, Or VTI: Where To Deploy New Cash In A Correcting Market?

Amgen

Boeing

Cisco Systems

Coca-Cola

NIKE

Visa

Verizon

Walgreens

Walmart

"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."

A 6% October Pullback Can Spring 3 Dogs Of The Dow For Dividend Income

IBM sees solid growth ahead as it focuses on software and hybrid cloud computing.

The New IBM: Revenue Growth, More Free Cash Flow, and (Probably) a Dividend Cut

ARMONK, N.Y. and LOS ANGELES, Oct. 5, 2021 /PRNewswire/ -- IBM (NYSE:  IBM ) and the YMCA of Metropolitan Los Angeles announced today during National Voter Education Week the deployment of a new solution designed to help improve awareness of local, statewide, and national issues in communities lacking traditional access to and education about voting.

IBM and YMCA of Metropolitan Los Angeles Collaborate to Empower and Inform Voters with New Tech Solution for Underrepresented Communities

Big Blue will drop a lot of dead weight by the end of 2021.

5 Things Investors Must Know About IBM's Kyndryl Spin-Off

International Business Machines Corporation (IBM) IBM Investor Briefing 2021 Conference (Transcript)

Over the last decade, IBM missed out on the strong industry tailwinds and lost share across all its segments. The company's stock price has declined and the 12% free cash flow yield valuation is cheap.

IBM: Loss Of Market Share And Revenue, But Valuation Is Cheap

The stock got an additional boost Friday from Jefferies analyst Kyle McNealy, who launched coverage with a Buy rating and $170 target price, a potential gain of about 16% from Thursday's close.

News for IBM Stock (IBM)