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's profitability has declined over the past years, with net profit margin decreasing and not comparing favorably to its peers. The company has improved its efficiency and liquidity position since late 2021, and maintains a strong track record of dividend payments and share repurchases. Despite these improvements, the current IBM stock price is not attractive enough to start a new position, leading to a maintained "hold" rating.

IBM: Why It Still Does Not Deserve A 'Buy' Rating

IBM is among the great American business failures of the past several decades. In 1980, IBM was the eighth largest corporation in the country, according to the Fortune 500.

IBM's Reputation Rating Collapses

NVIDIA

Amazon

Alphabet

Microsoft

ServiceNow

Oracle

Artificial intelligence has become 2023's hottest investment trend. Investors are scanning the landscape for innovative companies, many of which are small and unprofitable.

Nvidia and these 6 tech giants will gobble up the AI pie

Cisco Systems

Dell Technologies

Corning

Juniper Networks

Seagate Technology Holdings PLC

Texas Instruments

While on the surface it appears that the stock market has had an incredible first five months, especially compared with 2022, in reality it has just been a handful of stocks that have lifted the Nasdaq up a stunning 25% and the S&P 500 up almost 10%.

Miss the Huge AI Rally? 7 Dividend Tech Stocks to Help Catch the Rest of the Run

For investors willing to wait out a period of weak demand, 3M looks like a good deal. A tailwind from AI could help IBM grow profits over the next few years.

2 Bargain Dow Jones Stocks to Buy Now

IBM has successfully undergone restructuring and transformation, resulting in strong financial performance and attractive valuation. The company's dividend yield and cash flow metrics are impressive, with a 5% forward dividend yield and a fair share price of $160, 24% higher than the current stock price. Risks to consider include fierce competition, technological disruption, and potential overall market downturns, but I believe that attractive valuation outweighs risks.

IBM: Attractive Yield And Valuation

IBM has a long history of building artificial intelligence (AI) and appears well-positioned to benefit from the new secular growth trend in AI technology. The company's upcoming enterprise AI offering, WatsonX, could provide a significant new revenue stream and help IBM return to revenue and earnings growth. Given the economics of providing enterprise AI software, IBM will at minimum benefit from a 'rising tide that lifts all boats', and could end up much better than that.

IBM: Enterprise AI Prospects Not Priced In

IBM offers investors the promise of a 5%+ dividend yield that grows consistently and is backed by a leading technology company with exposure to the A.I. boom. While this sounds like the dream stock for a high-yield investor, we are unimpressed. We share three reasons why we are steering clear of IBM.

IBM Stock: 3 Reasons Why The 5% Yield Is Unappealing

Archer-Daniels-Midland Company

Colgate-Palmolive

Sempra Energy

Chevron

Iron Mountain

With the economy facing the prospect of a recession irrespective of the at-time-of-writing debt ceiling drama, investors may want to consider the top dividend stocks for future generations. Fundamentally, companies that enjoy a long track record of success (and facilitating passive income) stand a better chance of weathering the storm.

The 7 Best Dividend Stocks to Buy for Your Grandchildren

Deere & Company

Johnson & Johnson

Wells Fargo

Tesla

Exxon Mobil

In the wake of the 2022 stock market rout, astute investors should focus on top undervalued blue-chip stocks. All as these sturdy market contenders promise a silver lining with incredible upside potential for the long-term investor.

7 Undervalued Blue-Chip Stocks to Buy for June 2023

Apple

Caterpillar

Celsius Holdings

Salesforce

Direxion Daily Gold Miners Index Bear 2X Shares

Enphase Energy

BMO REX MicroSectors FANG+ Index 3X Leveraged ETN

Home Depot

Honeywell

Noble Corp PLC

Northern Oil and Gas

Pinduoduo Inc - ADR

Direxion Daily Semiconductor Bull 3x Shares

Direxion Daily Technology Bull 3x Shares

Travelers

Walmart

Two new Breakout Stocks for Week 22 with better than 10% short-term upside, ETF updates and one Dow 30 pick. Average cumulative returns for 2023 are +79.6% YTD. Last week we had peak gains in GLOB +15.9%, RBBN +5.6% and ATEX +5.7%. The Active ETF portfolio continues with YTD gains at +5.64%.

June MDA Breakout Stocks/ETFs Week 22 - 2023: High-Frequency Gainers To Give You An Edge

LAWRENCE, Kan.--(BUSINESS WIRE)--Cobalt Iron Inc. announces that CIOReview magazine has named it a 2023 Top 25 IBM Solution Provider. The designation is thanks to the company's Compass® enterprise SaaS backup platform for monitoring, managing, provisioning, and securing the entire enterprise backup landscape. A technology partner for IBM, Cobalt Iron ensures cyberprotection and resiliency for backup environments. Because security was built in to the Compass architecture from its inception rathe.

CIOReview Names Cobalt Iron a 2023 Top IBM Solution Provider

Citigroup

Altria

Pfizer

Verizon

More conservative investors (boomers) are partying like it is 1999, as money market rates are at 4.5% and certificates of deposit are above the 5% level.

5 Bargain Bin ‘Strong Buy' Dividend Blue Chips Yielding Up to 8.4%

AT&T

Each of these dividend stocks could provide investors with excellent passive income.

Best Dividend Stock to Buy: AT&T vs. IBM

IBM is an AI pioneer that's been a favorite for income investors for a long time. Microsoft has increased its dividend for 13 consecutive years.

3 Top AI Stocks That Pay Dividends -- and 1 Yields Over 5%

Quantum Computing

Rigetti Computing

With advanced digitalization technologies possibly standing poised to catalyze a seismic paradigm shift, investors should consider quantum computing stocks for millionaires (or at least those who aspire to be millionaires).

3 Quantum Computing Stocks to Make You the Millionaire Next Door

Intel

Visa

Apple, Microsoft, Intel move lower as tech stocks fall, while Chevron moved higher on a ratings upgrade

Dow Jones Today: Tech Sends Index Lower

International Business Machines Corp (NYSE:IBM ) 51st Annual JPMorgan Global Technology, Media and Communications Conference Call May 23, 2023 11:30 AM ET Company Participants John Granger - SVP, IBM Consulting Conference Call Participants Brian Essex - JPMorgan Chase & Co. Brian Essex All right, there we go. Okay. Good morning, everyone.

International Business Machines Corp (IBM) 51st Annual JPMorgan Global Technology, Media and Communications Conference Call Transcript

-  With cyberattacks on the rise across schools, IBM Education Security Preparedness Grants have already benefited more than 350,000 students globally -  Now in its third year, grants are expanding to offer students and teachers access to cyber and AI skills through IBM SkillsBuild ARMONK, N.Y. , May 23, 2023 /PRNewswire/ -- In response to the growing threat of ransomware attacks against schools around the world, IBM (NYSE: IBM) today announced it will provide in-kind grants valued at $5 million to help address cybersecurity resiliency in schools.

IBM to Grant $5 Million In-Kind for Schools to Boost Cybersecurity, Together with Enhanced Skilling on AI

Clorox

Keurig Dr Pepper Inc

My father owned International Business Machines ( IBM , Financial) stock most of the time from the 1950s to the 1980s. Maybe your father did too.

IBM, Colgate and 3 Other Stocks I Would Sell

Landmark 10-year partnerships with the University of Tokyo and the University of Chicago to develop a new paradigm of high-performance computing IBM Quantum milestones to lay foundation for integration of large-scale classical and quantum systems Collaborations will develop detailed blueprint to pioneer quantum-centric supercomputing HIROSHIMA, Japan , May 21, 2023 /PRNewswire/ -- At the G7 Summit in Japan, IBM (NYSE: IBM) announced a 10-year, $100 million initiative with the University of Tokyo and the University of Chicago to develop a quantum-centric supercomputer powered by 100,000 qubits. Quantum-centric supercomputing is an entirely new, and as of now, unrealized, era of high-performance computing.

IBM Launches $100 Million Partnership with Global Universities to Develop Novel Technologies Towards a 100,000-Qubit Quantum-Centric Supercomputer

News for IBM Stock (IBM)