International Business Machines Corporation Website

International Business Machines Corporation

NYSE-IBM

Company Overview

International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity. This segment also provides transaction processing software that supports clients' mission-critical and on-premise workloads in banking, airlines, and retail industries. The Consulting segment offers business transformation services, including strategy, business process design and operations, data and analytics, and system integration services; technology consulting services; and application and cloud platform services. The Infrastructure segment provides on-premises and cloud-based server and storage solutions for its clients' mission-critical and regulated workloads; and support services and solutions for hybrid cloud infrastructure, as well as remanufacturing and remarketing services for used equipment. The Financing segment offers lease, installment payment, loan financing, and short-term working capital financing services. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.

  • Name

    International Business Machines Corporation

  • CEO

    Arvind Krishna

  • Website

    www.ibm.com

  • Sector

    IT Services

  • Year Founded

    1911

Company Statistics

Profile

  • Market Cap

    —

  • EV

    —

  • Shares Out

    —

  • Revenue

    —

  • Employees

    —

Margins

  • Gross

    —

  • EBITDA

    —

  • Operating

    —

  • Pre-Tax

    —

  • Net

    —

  • FCF

    —

Returns (5Yr Avg)

  • ROA

    —

  • ROTA

    —

  • ROE

    —

  • ROCE

    —

  • ROIC

    —

Valuation (TTM)

  • P/E

    —

  • P/B

    —

  • EV/Sales

    —

  • EV/EBITDA

    —

  • P/FCF

    —

  • EV/Gross Profit

    —

Valuation (NTM)

  • Price Target

    —

  • P/E

    —

  • PEG

    —

  • EV/Sales

    —

  • EV/EBITDA

    —

  • P/FCF

    —

Financial Health

  • Cash

    —

  • Net Debt

    —

  • Debt/Equity

    —

  • EBIT/Interest

    —

Growth (CAGR)

  • Rev 3Yr

    —

  • Rev 5Yr

    —

  • Rev 10Yr

    —

  • Dil EPS 3Yr

    —

  • Dil EPS 5Yr

    —

  • Dil EPS 10Yr

    —

  • Rev Fwd 2Yr

    —

  • EBITDA Fwd 2Yr

    —

  • EPS Fwd 2Yr

    —

  • EPS LT Growth Est

    —

Dividends

  • Yield

    —

  • Payout

    —

  • DPS

    —

  • DPS Growth 3Yr

    —

  • DPS Growth 5Yr

    —

  • DPS Growth 10Yr

    —

  • DPS Growth Fwd 2Yr

    —

Bulls Say

  • IBM’s leadership in hybrid cloud can cater to enterprise customers’ demand of keeping sensitive, mission-critical workflows on-premises, especially for regulated industries.

  • IBM is a forerunner in the quantum computing field, and potential quantum-based use cases in the future can unlock additional growth upside.

  • Customers value IBM’s capability of providing integrated IT solutions encompassing software, hardware, and consulting services.

Bears Say

  • IBM’s rich legacy can make it a slow adopter of the latest technology trends, such as general-purpose cloud computing and artificial intelligence.

  • IBM’s relatively high dividend payout and conservative capital allocation can constrain its capacity to compete with other tech giants.

  • It can be challenging for IBM to consistently source suitable acquisition targets that drive strong synergy with its existing business, as inorganic growth has become a key revenue driver for the company.

Source: Morningstar Analysis - Oct 24, 2025

What's happening

Nov 5, 2025 - Dec 5, 2025

IBM's Stock Performance: Mixed Signals Amid Quantum Computing Advances

  • IBM collaborates with Cisco to develop a quantum internet, aiming for initial demonstrations within five years.
  • Oppenheimer initiates coverage of IBM with an "Outperform" rating and a price target of $360.
  • Concerns about profitability in AI infrastructure and plans for layoffs raise investor caution.

Over the past month, International Business Machines Corp (IBM) experienced a modest stock increase of 0.7%. This performance represents an underperformance of 0.6% relative to the S&P 500, which gained 1.3%. The month was marked by significant developments that influenced investor sentiment, showcasing both bullish and bearish trends.

A key highlight was IBM's collaboration with Cisco aimed at developing a quantum internet, which is expected to have initial demonstrations within five years. This partnership underscores IBM’s commitment to advancing quantum computing technology and led to positive market reactions on several days throughout the month. Additionally, Oppenheimer initiated coverage of IBM with an "Outperform" rating and set a price target of $360 based on anticipated revenue growth driven by software initiatives in artificial intelligence (AI) and automation.

However, there were also bearish signals impacting investor confidence during this period. Reports indicated that investors adopted a cautious stance amid unusual options trading activity suggesting bearish sentiment among large investors. Furthermore, concerns emerged regarding profitability in the AI infrastructure sector following comments from IBM's CEO about challenges related to achieving sustainable profits amidst heavy investments.

The company faced scrutiny due to plans for substantial layoffs as part of its strategic shift toward software growth—an initiative intended to enhance operational efficiency but raising questions about workforce stability. Discussions surrounding cloud outages costing significant amounts further contributed to negative perceptions regarding operational risks associated with IBM.

Despite these mixed sentiments leading to fluctuations in stock performance throughout the month, it is noteworthy that International Business Machines Corp outperformed the Information Technology (XLK) sector by 1.6%.

NYSE:IBM