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.

Computing behemoth IBM IBM has gained close to 4% year-to-date in 2024, underperforming the broader Nasdaq-100 which gained about 14% over the same period. In contrast, IBM's peer Oracle stock has gained 19% year-to-date.

Watsonx Can Help IBM Stock Gain Lost Ground

LAS VEGAS , May 29, 2024 /PRNewswire/ -- ID Dataweb, the leader in cross-channel identity verification, today announced an expanded relationship with IBM (NYSE: IBM) to integrate ID Dataweb's identity verification workflows within IBM Security® Verify. By combining the two industry-leading solutions, organizations will be able to confirm the identity of a user within existing workflows as their credentials are being seamlessly issued and used.

ID Dataweb and IBM Announce Expanded Relationship to Help Advance Identity Verification

While IBM's recent acquisition of HashiCorp has not been well received by the market, I'm still bullish. IBM's leadership position in implementing open-source AI is key. That will drive the company's growth and maintain its competitive edge. I think this will be as big as linux. I believe IBM's stock is undervalued and has substantial upside potential, especially considering the company's strong forecast for GAAP EPS growth.

IBM: Llama 3 Open-Source Play

Several S&P 500 firms, including IBM, mentioned "AI" at least 50 times in Q1 earnings calls, indicating the growing importance of AI in corporate strategies. Putting money where its mouth is, IBM plans to acquire a company for $6.4 billion to enhance its hybrid cloud and AI capabilities. While EPS growth for IBM is not impressive in the short term, strong earnings trends are possible in out years - investors are paid to wait with a 4% yield.

IBM: AI Intrigue With Big Blue, High Yield, Strong FCF, Upgrading To Buy

AT&T

Dividend stocks never go out of style, even when investors are focused on the next big thing. AT&T stock sports a high dividend yield, and the company could start to boost that dividend faster next year.

The Best Dividend Stocks to Buy Right Now

Amcor Plc

Brookfield Asset Management

Brookfield Renewable Partners

Blackstone Secured Lending Fund

Chevron

Con Ed

Enterprise Products Partners

Federal Realty Investment Trust

Johnson & Johnson

Coca-Cola

NextEra Energy

ProShares S&P 500 Dividend Aristocrats ETF

Realty Income Corp

W. P. Carey

Dividend Aristocrats are generally excellent stocks for a retiree's passive income portfolio. They generally have wide moats, strong balance sheets, excellent management teams, and the ability to navigate all sorts of economic environments. We provide a diversified portfolio of 10 Dividend Aristocrats that have the potential to fund living expenses indefinitely and grow at a rate that beats inflation.

If I Had To Retire With 10 Dividend Aristocrats, It Would Be These

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

IBM (IBM) Up 1% Since Last Earnings Report: Can It Continue?

IBM (IBM) concluded the recent trading session at $170.67, signifying a -1.74% move from its prior day's close.

IBM (IBM) Suffers a Larger Drop Than the General Market: Key Insights

IBM is focused on enterprise AI with its watsonx AI platform and consulting services. The company announced new partnerships, products, and initiatives at its THINK conference.

IBM Unleashes a Flurry of AI Updates

Arqit Quantum Inc

Alphabet

For forward-looking speculators, quantum computing stocks to buy should represent a priority. Why? It comes down to the industry's robust potential.

3 Quantum Computing Stocks to Buy Now: May 2024

International Business Machines (IBM) unveiled several artificial intelligence (AI) updates on Tuesday that could bolster the legacy computer maker's standing in the AI race and promote openness with the AI ecosystem.

IBM Strengthens AWS, Microsoft, Meta Ties, Updates on AI Push

RALEIGH, N.C.--(BUSINESS WIRE)--Nutanix taps Red Hat Enterprise Linux as the operating system component of Nutanix Cloud Platform.

Nutanix and Red Hat Expand Collaboration to Power the Next-Generation of Virtualized and Cloud-Native Workloads

Salesforce

IBM watsonx platform and IBM Granite series models will bring even more large language models to power generative AI use cases, pre-built actions, and prompts across the Salesforce Einstein 1 Platform IBM joins the Salesforce Zero Copy Partner Network to enable  zero copy data integration between IBM watsonx and Salesforce Data Cloud, giving customers a secure and cost-effective way to connect all of their data and take action on it  Salesforce joins the AI Alliance, bolstering its commitment to responsible AI and continuing to provide customers with trusted and reliable AI tools ARMONK, N.Y. and SAN FRANCISCO , May 21, 2024 /PRNewswire/ -- IBM (NYSE: IBM ) and Salesforce (NYSE: CRM ) today announced an expanded strategic partnership which will bring together IBM watsonx AI and Data Platform capabilities with the Salesforce Einstein 1 Platform  for greater customer choice and flexibility in AI and data deployment.

IBM and Salesforce Expand Partnership to Advance Open, Trusted AI and Data Ecosystems

ARMONK, N.Y. , May 21, 2024 /PRNewswire/ -- During the annual IBM Think conference, IBM (NYSE: IBM) announced it is working with Amazon Web Services (AWS) to make the full portfolio of IBM offerings within the watsonx artificial intelligence (AI) and data platform available for use with AWS services.

IBM Expands watsonx Portfolio on AWS, Adds watsonx.governance to Help Clients Scale Responsible AI

International Business Machines on Tuesday said that it will release a family of artificial intelligence models as open-source software, and that it will help Saudi Arabia train an AI system in Arabic.

IBM makes more AI models open source and lands Saudi Arabia deal

Releases a family of IBM Granite models into open source, including its most capable and efficient Code LLMs that can out-perform larger code models on many industry benchmarks Jointly with Red Hat, launches InstructLab, a first-of-its-kind model alignment technique, to bring open-source community contributions directly into LLMs Unveils new vision and momentum for new data and automation capabilities; Accelerates generative AI infusion into IBM assistants, automation, infrastructure, resource management products and consulting services Strengthens collaborations with AWS, Adobe, Meta, Microsoft, Mistral AI, Palo Alto Networks, SAP, Salesforce, and SDAIA to expand capabilities and offer model choice, flexibility and governance through watsonx ARMONK, N.Y. , May 21, 2024 /PRNewswire/ -- Today, at its annual THINK conference, IBM (NYSE: IBM) announced several new updates to its watsonx platform one year after its introduction, as well as upcoming data and automation capabilities designed to make artificial intelligence (AI) more open, cost effective, and flexible for businesses.

IBM Unveils Next Chapter of watsonx with Open Source, Product & Ecosystem Innovations to Drive Enterprise AI at Scale

IBM CEO explains why open source gen AI matters as Granite models get an Apache license and new AI assistants are announced at Think 2024.

IBM CEO praises real open source for enterprise gen AI, new efforts emerge at Think 2024

PayPal

Block

With Bitcoin ( BTC-USD ) prices gaining again, growth-focused investors may wish to turn their attention to the blockchain stocks, many of which may be trading at enticing valuations now that blockchain technology's applications outside of cryptocurrencies are starting to lose a bit of luster. Indeed, blockchain has plenty of potential beyond Bitcoin and the like.

3 Blockchain Stocks to Buy Now: May 2024

International Business Machines Corporation (NYSE:IBM ) JPMorgan Global Technology, Media and Communications Conference Call May 20, 2024 11:20 AM ET Company Participants James Kavanaugh - Senior Vice President, Finance & Operations and Chief Financial Officer Conference Call Participants Brian Essex - JPMorgan Brian Essex All right. Good morning, everyone.

International Business Machines Corporation (IBM) JPMorgan Global Technology, Media and Communications Conference - (Transcript)

Comcast

Pfizer

Investors should have a wide range of companies in multiple sectors within their investment portfolio. But the backbone of any resilient portfolio that can withstand a bear market and soar during a bull market are blue-chip stocks.

3 Blue-Chip Stocks Set to Triple Soon

IonQ

Microsoft

NVIDIA

Quantum Computing

Rigetti Computing

If you're searching for cheap quantum computing stocks to invest in for early next year, there are a few companies worth watching. I expect these companies to perform well throughout 2024 due to their continued development and the gradual roll-out of their development road maps.

7 Cheap Quantum Computing Stocks to Buy Now: May 2024

Equinix

Data centers are at the core of artificial intelligence. IBM is a long-time dividend stock with plenty of AI upside.

2 Artificial Intelligence (AI) Stocks That Offer Dividends and Long-Term Returns

Microsoft invested billions of dollars into AI, and is involved in AI's evolution with pioneering work in quantum computers. IBM's AI and quantum computing tech garnered wins such as implementing the first quantum computer dedicated to health research.

3 Companies Already Working on the Next Phase of Artificial Intelligence (AI)

Crown Castle International

Cisco Systems

One notable name has become the dividend stock of the cloud. This tower company generates high dividend returns as a real estate investment trust.

3 Dividend-Paying Tech Stocks to Buy in May

Costco

Dominion Energy

Home Depot

Merck

T-Mobile US

YUM! Brands

With the market potentially entering a period of consolidation, investors may want to consider safe haven stocks to buy. No, it's not the most exciting idea.

News for IBM Stock (IBM)