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.

International Business Machines Corp (NYSE:IBM) shares were still down over 6% on Thursday afternoon after the computing company reported mixed earnings for the third quarter. Jefferies analysts highlighted the contrast between the strong growth in software and the lagging performance in other business areas in a note Thursday.

IBM's mixed earnings results highlight software strength amid consulting weakness

IBM reported its Q3 earnings with EPS beating expectations, while a soft revenue figure added some volatility to the stock. The company's software segment, continues to deliver strong growth, balancing weaker trends from its infrastructure and consulting segments. The stock offers good value within the tech sector and maintains a positive outlook.

IBM Stock: Mixed Q3 Results Doesn't Change The Big Picture - Bullish

IBM stock is chipping away at its impressive year-to-date return after a Q3 revenue miss, but one analyst isn't worried. Here's why.

IBM Stock Takes a Rare Tumble After Earnings: What to Know

Garrett Motion

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 150 points on Thursday.

IBM Posts Weak Sales, Joins Garrett Motion, Beyond And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Healthy demand trends for hybrid cloud and AI solutions with a broad-based growth help IBM to beat third-quarter 2024 earnings estimate.

IBM's Q3 Earnings Beat, Revenues Miss Despite Solid Demand

IBM (IBM) shares are dropping 5% in premarket trading Thursday, weighing on Dow Jones Industrial Average futures, after its quarterly revenue fell short of Wall Street estimates.

IBM Stock Sinks as Quarterly Sales Disappoint

WASHINGTON , Oct. 24, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today announced that its Envizi environmental, social, and governance (ESG) Suite received Federal Risk and Authorization Management Program (FedRAMP) authorization. Designed to create a single, trusted system of record for all ESG data, the IBM Envizi ESG Suite helps organizations automate the capture and management of ESG data for enhanced analysis, reporting and opportunity identification.

IBM Receives FedRAMP Authorization for its Envizi ESG Data Capture, Analysis and Reporting Solution

IBM stock is falling after eanings but analysts see an inflection point ahead and a strong AI book of business.

IBM Stock Falls But Analysts Are Still Bullish. Here's Why.

IBM shares fell about 5% in premarket trading on Thursday, as reduced enterprise spending on non-GenAI projects pressured its consulting segment, clouding software unit strength.

IBM falls as slowing enterprise spending pressure consulting growth

International Business Machines Corp. (NYSE: IBM) was once America's premier tech public corporation. Now it pales in comparison to Microsoft Corp. (NASDAQ: MSFT) and other mega tech leaders.

IBM Is America's Worst Big Tech Stock

IBM's AI advancements, including Granite 3.0 and Red Hat OpenShift AI, are pivotal for future growth, particularly in the consulting business. Despite current macroeconomic challenges, I expect IBM's consulting business to recover and thrive as the economy normalizes. Strong growth in software, with significant contributions from Red Hat and automation, supports a fair value of $300 per share.

IBM: Q3, Strong Software Growth Offset By Temporary Weakness In Consulting

International Business Machines Corporation (NYSE:IBM ) Q3 2024 Earnings Conference Call October 23, 2024 5:00 PM ET Company Participants Olympia McNerney - Global Head of IR Arvind Krishna - Chairman & CEO James Kavanaugh - SVP & CFO Conference Call Participants Amit Daryanani - Evercore ISI Toni Sacconaghi - Bernstein Wamsi Mohan - Bank of America Benjamin Reitzes - Melius Research James Schneider - Goldman Sachs Brent Thill - Jefferies Erik Woodring - Morgan Stanley Matt Swanson - RBC Capital Markets Operator Welcome, and thank you for standing by. At this time, all participants are in a listen-only mode.

International Business Machines Corporation (IBM) Q3 2024 Earnings Call Transcript

Las Vegas Sands

ServiceNow

Tesla

After the close, Tesla (TSLA), ServiceNow (NOW) and IBM (IBM) beat on earnings, while Las Vegas Sands (LVS) missed.

Markets Up from Session Lows, Still Close in Red

Although the revenue and EPS for IBM (IBM) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

IBM (IBM) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

IBM (IBM) came out with quarterly earnings of $2.30 per share, beating the Zacks Consensus Estimate of $2.27 per share. This compares to earnings of $2.20 per share a year ago.

IBM (IBM) Tops Q3 Earnings Estimates

IBM's stock is falling despite a profit beat for the third quarter, as consulting revenue came in flat and infrastructure revenue declined.

IBM says AI business is rapidly growing, but that's not enough to help the stock

Tesla's profit surge and IBM's AI push drive tech growth, while Mattel struggles with weak toy demand ahead of the holidays. Read our full earnings breakdown.

Tesla Delivers Margin Strength, IBM's AI Push Powers Profit Growth

International Business Machines Corp (NYSE:IBM) reported a mixed bag for its third-quarter earnings on Tuesday, with a notable performance from its software segment but disappointing results from its consulting and infrastructure units. The technology giant posted adjusted earnings per share (EPS) of $2.30, surpassing analysts' expectations of $2.23.

IBM's software surge can't offset consulting revenue decline in Q3

IBM's software business outperformed thanks to acceleration in the Red Hat business. But the consulting and infrastructure units came up short on revenue.

IBM stock slips on disappointing consulting and infrastructure revenue

International Business Machines beat analysts' estimates for third-quarter profit on Wednesday, helped by robust growth in its high-margin software segment as businesses prioritized spending on its IT services and doubled down on AI adoption.

IBM beats third-quarter profit estimates on software strength

Accelerated Software revenue growth, expanded gross profit margin, and strong free cash flow ARMONK, N.Y. , Oct. 23, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today announced third-quarter 2024 earnings results.

IBM RELEASES THIRD-QUARTER RESULTS

IBM Inc. scheduled to report earnings after Wednesday's close. The stock just hit a record high near $237/share and is currently trading near that level.

Earnings Preview: What To Expect From IBM

As IBM IBM gears up for its third quarter earnings report after Wednesday's market close, all eyes are on its expected EPS of $2.23 and revenue of $15.07 billion.

IBM AI Momentum Meets Earnings Buzz: Is The Stock Ready For A Cloud-Powered Climb?

International Business Machines Corporation IBM will release earnings results for its third quarter, after the closing bell on Wednesday.

How To Earn $500 A Month From IBM Stock Ahead Of Q3 Earnings

IBM's recent stock surge is likely driven by AI hype, but its fundamental growth and valuation don't justify the high price. The company's dividend yield and growth rate are unimpressive, and buybacks are insufficient to offset stock-based compensation. IBM's free cash flow has gone nowhere over the years, but the stock's valuation has become elevated.

News for IBM Stock (IBM)