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.

Apple

Caterpillar

Salesforce

Cisco Systems

McDonald's

Visa

There are many reasons for optimism as the U.S. economy continues improving. America's GDP growth continued to move in the right direction and soared by 5.2% in the third quarter.

The 7 Best Dow Stocks to Buy as America's GDP Growth Soars

ARMONK, N.Y. , Dec. 12, 2023 /PRNewswire/ -- The IBM (NYSE: IBM) board of directors has elected Marianne C.

IBM Elects Marianne C. Brown to its Board of Directors

Opera Ltd - ADR

Philip Morris

Opera is an oft-overlooked underdog in the crowded browser market. PMI is growing at a more stable rate than its former parent company Altria.

$1,000 Invested in These 3 Ultra-High-Yield Dividend Stocks Could Make You Rich

Etsy

Expeditors International of Washington

Expedia

Fair Isaac

Intel

Southwest Airlines

Paramount Global

Robert Half Int.

Seagate Technology Holdings PLC

Part of investing success is a good defense. And that means steering clear of the worst stocks in the S&P 500.

Analysts Call Next Year's 10 Worst Stocks — Do You Still Own Them?

Micron Technology

New York state is joining tech giant IBM and semiconductor manufacturer Micron Technology to invest $10 billion in a state-of-the-art chip research facility at the University of Albany, Gov. Kathy Hochul announced.

New York state teaming up with IBM, Micron to invest in $10 billion chip research complex

IonQ

IBM and IonQ are both seeing success in their quantum computing businesses, capturing customers across a variety of industries. IonQ's revenue is growing rapidly and it expects to end 2023 with sales nearly double the 2022 amount.

IBM vs. IonQ: Which Quantum Computing Stock Is a Better Buy?

Secret Stocks: Top 3 Picks for Substantial Long-Term Profits

Con Ed

Enterprise Products Partners

With the stock market's wild swings and worries of recession still looming large for 2024, I understand why so many investors have turned ultra-cautious and may only consider the safest, most rock-solid stocks. That's especially true, given the market's steep losses last year.

Don't Want to Lose a Dime? Buy These 3 Ultra-Safe Stocks

American Express

Extra Space Storage

Main Street Capital

Microsoft

QUALCOMM

Exxon Mobil

Dividend investing is a lot easier than real estate. It takes less work to set up and manage a portfolio of reliable dividend stocks.

Boost Your Passive Income with 7 Reliable Dividend Stocks

LM Ericsson Telefon

IBM has reinvented itself to focus on cloud computing and AI, marking a significant shift from its industry-defining business model of years past. Ericsson's AI-powered platforms are redefining telecom network management, offering scalability and efficiency.

Who Will Be the AI Winners of 2024? Here Are 2 Top Contenders.

IBM CEO Arvind Krishna talked with CNBC about his specific views on regulation, the business of generative AI, IBM's mistakes and its future plan.

IBM was early to AI, then lost its way. CEO Arvind Krishna explains what's next

NVIDIA

Riot Blockchain

Blockchain stocks should be on your radar. The halving is coming, and a Bitcoin ( BTC-USD ) ETF could soon become a reality.

3 Stocks at the Cutting Edge of Blockchain Technology

Altria

Walgreens

Over the past four years, investors have become very familiar with stock market volatility. Wild swings in the S&P 500 have been the norm as the index swung from bull to bear market and back again.

3 Dividend Stocks to Buy Before the Bear Market Starts

Meta Platforms Inc (NASDAQ:FB) and International Business Machines Corp. (NYSE:IBM) have teamed up to form what the companies are calling the “AI Alliance,” a group advocating for a more transparent approach to artificial intelligence software development, according to a statement Tuesday.  The alliance, which also includes Dell, Sony, AMD, Intel and a number of universities and startups, believes, “the future of AI is going to be built fundamentally on top of the open scientific exchange of ideas and on open innovation, including open source and open technologies,” IBM SVP Dario Gil told the Associated Press.

Meta, IBM form 'AI Alliance' to advocate for open source development in artificial intelligence

Group does not include Microsoft, OpenAI or Google, setting up potential clash over regulation and responsible practice

Meta and IBM launch ‘AI Alliance' to promote open-source AI development

Dow Inc

Verizon

This huge drugstore chain is a safe retail play for investors looking to add health care now and trades at a very cheap 7.5 times 2023 earnings expectations.

Highest Yielding ‘Dogs of the Dow' Could Be Massive Total Return Winners For 2024

IBM and Meta launched the AI Alliance today along with over 50 global organizations to "support open innovation and open science in AI."

IBM, Meta launch AI Alliance with over 50 tech members to advance ‘open, safe, responsible' AI

Meta, on an open source tear, wants to spread its influence further and wider in the ongoing battle for AI mindshare.

Meta and IBM form an AI Alliance, but to what end?

Advanced Micro Devices

Amazon

Alphabet

Oracle

Sony

In a Tuesday morning news release, International Business Machines Corp. (NYSE: IBM) and Meta Platforms Inc.

IBM (IBM), Meta Platforms (META) Are AI's Good Guys

Palo Alto Networks

Collaboration drives end-to-end enterprise security, advancing AI security operations and accelerating cloud transformation  ARMONK, N.Y. and SANTA CLARA, Calif.

IBM Consulting and Palo Alto Networks Announce Expansion of Key Strategic Cybersecurity Partnership

Quantum computing stocks should be on your radar. The vast potential of quantum technologies means we'll likely witness dramatic progress in AI, IoT, and clean energy technologies.

Frontiers in Quantum Computing: 3 Stocks Leading the Way

International Business Machines Corp. (NYSE:IBM) has unveiled a new quantum computing chip and a modular computer that utilizes them at IBM Quantum Summit on Monday.  The company showcased the Quantum Systems Two Machine, which uses three connected Heron chips, and extended its quantum development roadmap to 2033.

IBM showcases quantum computing chip with 2033 target for large computer systems

IBM is putting strong emphasis on the advancement of geospatial AI technologies. It has joined forces with NASA to develop an AI foundation model for weather and climate applications.

IBM Enhances Geospatial AI to Tackle Environmental Concerns

Computer and AI giant rolls out machine using ‘Heron' chips using subatomic particles instead of ones and zeros

IBM unveils new quantum computing chip to ‘explore new frontiers of science'

Corning

Texas Instruments

Some investors may not appreciate that IBM is a premier cloud dividend stock. Corning is an unexpected tech play that also happens to offer a high-paying dividend.

3 Dividend-Paying Tech Stocks to Buy in December

News for IBM Stock (IBM)