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.

Agree Realty

Alliance Resource Partners

B2Gold

Chevron

Dine Brands Global

Philip Morris

In an ecosystem of high interest rates, targeting high-yield dividend stocks to buy might seem risky. After all, why bother dealing with the volatility of publicly traded businesses when you can buy safe, secure government bonds?

Uncertain Times Call for Certain Yields: 7 High-Yield Dividend Stocks to Buy Now

Alphabet

Meta Platforms faces new challenges from the emerging Web3 revolution and the stalled metaverse project. While Meta's valuation soars, Alphabet and IBM offer compelling value for investors in the AI space.

Forget Meta Platforms: 2 Artificial Intelligence (AI) Stocks to Buy Instead

IBM (NYSE: IBM ) has become one of the unexpected beneficiaries of ‘AI mania,' with IBM stock hitting price levels not seen since the early 2010s. Shares in this blue-chip have surged over the past year, driven by strong quarterly financial results and a successful AI growth strategy.

Caution! Why IBM Is a Riskier AI Play Than You Think.

Caterpillar

Microsoft

Caterpillar is firing on all cylinders right now.  Based on IBM's impressive free cash flow, the company's high-yielding dividend looks like it's on solid ground.

3 Dow Dividend Stocks That Could Continue Crushing The S&P 500 In 2024

Adobe

C3.ai

Advanced Micro Devices

Salesforce

Cisco Systems

Dell Technologies

Intel

ServiceNow

Oracle

SAP SE

Workday

The news hit like a thunderbolt across the artificial-intelligence landscape: Apple Inc. and Alphabet Inc.'s Google are in discussions to bring the latter's Gemini AI tools to iPhone software.

These older tech companies are playing catch-up in genAI

NVIDIA

Analysts on Wall Street and beyond seem to like certain stocks a lot. While the rally throughout the entire stock market is broadening out, there are some stocks that are clear favorites in the analyst community.

Analyst Upgrades: 3 Stocks Expected to Have Impressive Returns in 2024

IBM's business focus has shifted away from turning a profit on hardware and systems. The company's current cloud focus supports a much higher-margin opportunity.

How IBM Makes Most Of Its Money Might Surprise You, and Excite You

FormFactor

Quantum computing is an early stage, high-growth industry that is garnering a lot of attention. Growth forecast suggests that annual annual growth could continue above 35% past the year 2030.

QC's Finest: The 3 Most Fundamentally Sound Quantum Computing Stocks

Amazon

DoorDash

GoDaddy

Cloudflare

Synopsys

Technology stocks have been the undisputed champions of Wall Street for the past 25 years. While they can be volatile in the short term, with sharp selloffs when markets correct, tech stocks have consistently outperformed over the long run.

7 Unstoppable Tech Stocks to Buy and Hold for the Next Decade

Corning

Texas Instruments

Tech stocks aren't usually dividend heroes, but some defy the trend. Diversification and strategic foresight have enabled Texas Instruments and Corning to weather market volatility.

3 Dividend-Paying Tech Stocks to Buy in March

Main Street Capital

Dividend stocks are optimal for investors who want cash flow and don't want to deal with real estate. These stocks pay dividends frequently, raise them each year, and can also generate long-term capital gains for investors.

The Dividend Dynasty: 3 Stocks for Income Hungry Investors

DuPont de Nemours

Thermo Fisher Scientific

A rapidly growing field, nanotechnology deals with the manipulation of matter at the atomic and molecular scale. This allows for the creation of materials and technological applications beyond the size of standard microelectronics or chemical structures.

3 Nanotechnology Stocks That Could Soar as the Technology Advances

SAN FRANCISCO--(BUSINESS WIRE)--Unstructured, the leader in ingestion and preprocessing for large language models (LLMs), today announced its $40 million Series B led by Menlo Ventures with participation from Databricks Ventures, IBM Ventures, Sacramento Kings Chairman Vivek Ranadivé, Datastax CEO Chet Kapoor, Allison Pickens of the New Normal Fund, and NVentures, NVIDIA's venture capital arm, as well as existing investors Madrona, Bain Capital Ventures (BCV), and Mango Capital. Tim Tully of Me.

Unstructured Raises $40M Series B From Menlo Ventures, Databricks Ventures, IBM Ventures and NVIDIA to Make Enterprise Data LLM-ready

Verizon

The strategy of picking the Dogs (or highest-yielders) of the Dow Jones Industrial Average in any given year is certainly not a formula for achieving market-beating results. This is known as the Dogs of the Dow strategy.

Unleashing the Dogs of the Dow: 3 Stocks With Bite

Honeywell

Recent inflationary pressures aside, the U.S. economy shows resilience and potential growth. The addition of 275,000 jobs in February has left many economists and policymakers cautiously optimistic about our economic outlook.

Wall Street Favorites: 3 Quantum Computing Stocks with Strong Buy Ratings for March 2024

Legacy tech giant IBM (NYSE: IBM ) is in the news though not for the most encouraging of reasons. On Tuesday, reports emerged that the company was cutting jobs in its marketing and communications division.

IBM Layoffs 2024: What to Know About the Latest IBM Job Cuts

McDonald's

Merck

NIKE

The month of March has a reputation for being among the more volatile ones for the stock market. The NCAA basketball tournament known as March Madness also occurs during the month.

7 Dow Darlings for Investors to Buy for March Market Madness

Apple

Snowflake

Warren Buffett doesn't wade into the waters of technology stocks often. The Oracle of Omaha famously cautioned against them during the dot-com bubble.

Buffett's Billion Dollar AI Bet Is In Freefall

BRUSSELS , March 13, 2024 /PRNewswire/ -- IBM (NYSE: IBM) applauds the EU Parliament's decision to adopt the EU AI Act, a significant milestone in establishing responsible AI regulation in the European Union. The EU AI Act provides a much-needed framework for ensuring transparency, accountability, and human oversight in developing and deploying AI technologies.

Media Alert: IBM Applauds EU Parliament's Approval of the EU AI Act

Shares in legacy computing giant International Business Machines (IBM) are gaining ground after the company notified employees in its marketing and communications division that it plans to reduce the size of its headcount.

IBM Stock Gains After Cuts to Marketing and Communications Staff—Key Level To Watch

The tech sector mainstay appears to be following through on plans to slim down. It had previously indicated it would replace many jobs with artificial intelligence functionalities.

Why IBM Stock Topped the Market on Tuesday

Agilysys

Hewlett Packard

Industry players like IBM, HPE and AGYS are gaining from the increased demand for integrated solutions and the growing adoption of the multi-cloud model, despite persistent supply chain constraints.

3 Stocks to Watch in a Challenging Technology Solutions Industry

IBM on Tuesday told employees in a roughly seven-minute meeting that it's cutting jobs in its marketing and communications division.

IBM tells employees it's cutting jobs in marketing and communications

Palantir Technologies

Both Palantir and IBM are positioned for success in the rapidly evolving world of AI and data analytics. Palantir is a higher-risk, higher-reward investment because of its focus on innovation and rapid expansion.

2 Data Analytics Stocks to Buy Hand Over Fist in March

News for IBM Stock (IBM)