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.

Amgen

Cisco Systems

Chevron

Dow Inc

Goldman Sachs

Intel

JPMorgan Chase & Co

Verizon

Walgreens

Owning the "Dogs Of The Dow" stocks paid off in 2022. And they could be even more lucrative this year.

'Dogs Of The Dow' Stocks Just Paid Off; Here Are The Top 10 For 2023

GlobalFoundries

Micron Technology

Tower Semiconductor

The pandemic created enormous challenges for semiconductor companies.

Here are the chip companies that should benefit the most from the government's massive incentives

Offers Enhanced Incentives, Access and Support to Help New and Existing Partners Win with Clients ARMONK, N.Y. , Jan. 4, 2023 /PRNewswire/ -- IBM (NYSE: IBM) today announced IBM Partner Plus, a new program that reimagines how IBM engages with its business partners through unprecedented access to IBM resources, incentives and tailored support to deepen their technical expertise and help speed time to market.

IBM Launches New Way to Partner through IBM Partner Plus

Apple

Boeing

Salesforce

Disney

Microsoft

Visa

"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.” – Dow Jones & Co. The highest-yield 10 are January's Dogs of the Dow: JPM, CVX, CSCO, AMGN, IBM, MMM, WBA, INTC, DOW and VZ are averaging a 4.51% annual yield.

Buy 4 January Dogs Of The Dow, Watch 4 More

Automatic Data Processing

Aflac

Baxter

Becton, Dickinson and Co.

Carrier Global

Caterpillar

Colgate-Palmolive

Clorox

ConocoPhillips

Dominion Energy

Deere & Company

Emerson Electric

General Electric

General Mills

Genuine Parts

Hershey

Johnson & Johnson

Kraft Heinz

Kimberly-Clark

Kinder Morgan

Coca-Cola

Lockheed Martin

This real-money portfolio wrapped up its eighth year with its best income-growing showing ever. Thanks to a dividend raise and several special payouts, ConocoPhillips was one of the DG50's star performers.

Dividend Growth 50: Income In Year 8 Was Truly Great

Merck

Pfizer

AT&T

The "Dogs of the Dow" is a strategy of buying the 10 highest yielding stocks in the Dow (or a subset thereof). The yield spread between the Dogs and the Dow as a whole is larger than usual.

Why The Dogs Of The Dow Strategy Will Likely Succeed In 2023

iShares Select Dividend ETF

ProShares S&P 500 Dividend Aristocrats ETF

SPDR S&P Dividend ETF

Very few investment categories generated a positive return in 2022. Over the years, the Dogs of the Dow strategy has generated mixed results, but in a year like 2022, dividends mattered.

The Dow Stock Dogs Performed In 2022

Edison

Truist Financial

Reliable income can be secured even in this wobbly market environment. The key is finding the right kind of company.

3 Dividend Stocks to Supplement Your Social Security in 2023

Sponsored: Tips for Investing A financial advisor can help you understand the advantages and disadvantages of investment properties.

2023 Dogs of the Dow

Alphabet

Snowflake

A new year could bring a new beginning for these prominent cloud stocks.

3 Top Cloud Stocks to Buy in January

To say that 2022 has been a tough year for equities is an understatement, especially given the euphoria of the past two years.

2023's Preliminary Dogs of the Dow

Broadcom

Dell Technologies

Corning

Juniper Networks

For over 10 years, technology stocks led the stock market higher. It seemed like all that investors needed to do was buy one or all of the FAANG stocks, the five of the best-performing tech-centric stocks of the past decade — Facebook (now Meta Platforms), Amazon, Apple, Netflix and Google (now Alphabet) — and huge gains were inevitable.

Tech Stocks Hit Hardest Since 2008 Collapse: 7 ‘Strong Buy' Sector Leaders for 2023 Pay Big Dividends

With healthy fundamentals, better business mix and improving operating leverage, IBM appears to be a solid investment option at the moment.

Here's Why IBM is a Smart Portfolio Pick in Volatile Market

IBM delivered remarkably good returns for 2022. The shares have been boosted by the broad shift to value, along with delivering solid results.

IBM Benefits From Turnaround Efforts And Value Rotation

Booking Hlds

Cheniere Energy

ServiceNow

Volkswagen AG

Wells Fargo

America's economic statistics continue to suggest that fears about an imminent recession and a corporate earnings collapse are way overblown. For example, during the recent holiday shopping season, sales climbed 7.6% year-over-year.

Our Predictions for the Top 7 Blue-Chip Stocks for 2023

After a dreadful 2022, many stock investors will be looking at their year-end statements and trying to make some decisions on where to reallocate assets in 2023.

5 Dow Stocks With the Biggest Dividends Could Be Huge 2023 Winners

News for IBM Stock (IBM)