International Business Machines Corp banner

International Business Machines Corp
XMUN:IBM

Watchlist Manager
International Business Machines Corp Logo
International Business Machines Corp
XMUN:IBM
Watchlist
Price: 230.2 EUR -0.54%
Market Cap: €216.4B

International Business Machines Corp
Investor Relations

International Business Machines Corp., or IBM, sells technology and services that help large organizations run their core computer systems. It builds and supports software, cloud services, data tools, and consulting projects, with a strong focus on enterprise customers such as banks, manufacturers, governments, and healthcare companies. IBM also makes mainframe systems and other hardware that many big businesses still use for secure, high-volume computing. IBM makes money by selling software subscriptions, cloud and infrastructure services, consulting engagements, and hardware systems, plus ongoing support and maintenance. Much of its business is tied to long-term contracts and recurring customer relationships, especially where clients need reliable systems, security, and help modernizing older technology. That makes IBM less like a consumer tech company and more like a business partner embedded in the back office of large institutions. What sets IBM apart is its role as both a technology vendor and a service provider for complex enterprise environments. It often works with customers that cannot simply switch systems overnight, so IBM can stay involved for years as those companies upgrade software, move workloads to hybrid cloud setups, and maintain critical legacy systems. This mix of software, consulting, cloud, and mainframe support gives IBM a distinctive place in the technology value chain.

Show more
Loading...
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 22, 2026
AI Summary
Q1 2026

Strong start: IBM said first-quarter revenue grew 6% and free cash flow rose 13%, with management calling it a strong start to 2026.

Software momentum: Software revenue grew 8%, led by Data at 16% and Red Hat at 10%, and IBM raised its full-year software outlook to 10-plus percent growth.

AI is the driver: Management framed AI as a tailwind across software, consulting, infrastructure, and mainframe, especially as clients move from experimentation to scaled deployment.

Mainframe upside: IBM highlighted new AI inferencing use cases on Z, saying clients are asking for capacity and that the platform can support very high transaction and inference volumes.

Guidance held: IBM kept full-year guidance unchanged, citing prudence early in the year even though performance and demand trends were strong.

M&A still possible: After closing Confluent, IBM said market valuations look attractive and that it may consider more deals later this year, but only after integrating the latest acquisition.

Key Financials
Revenue
6% growth
Free cash flow
$2.2 billion
Operating pretax margin
140 basis points expansion
Adjusted EBITDA
17% growth
Diluted operating earnings per share
19% growth
Software revenue
8% growth
Software ARR
$24.6 billion
Data revenue
16% growth
Red Hat growth
10% growth
OpenShift ARR
$2 billion
Automation revenue
7% growth
Transaction processing revenue
2% growth
Infrastructure revenue
12% growth
Hybrid infrastructure revenue
25% growth
Infrastructure support revenue
6% decline
IBM Z revenue
48% growth
Consulting revenue
1% growth
Consulting signings
6% growth
AI book of business
$12.5 billion
Productivity savings since 2023
$4.5 billion
Operating gross profit margin
110 basis points expansion
Adjusted EBITDA margin
170 basis points expansion
Cash
$11.8 billion
Acquisitions investment
$10.5 billion
Dividends returned to shareholders
$1.6 billion
Debt
$66.4 billion
Operating tax rate
mid-teens
Earnings Call Recording
Other Earnings Calls

Management

Mr. Arvind Krishna
CEO & Chairman of the Board

Arvind Krishna is a prominent executive and the Chairman and Chief Executive Officer (CEO) of IBM (International Business Machines Corporation). He was appointed CEO on April 6, 2020, succeeding Ginni Rometty, and later became Chairman of the Board on January 1, 2021. Arvind Krishna was born in West Godavari, Andhra Pradesh, India. He grew up in multiple cities across India due to his father's work in the Indian Army. Krishna earned his Bachelor of Technology degree in Electrical Engineering from the Indian Institute of Technology, Kanpur. He then moved to the United States, where he pursued graduate studies, earning a Ph.D. in Electrical Engineering from the University of Illinois at Urbana-Champaign. Krishna joined IBM in 1990, starting at the company's Thomas J. Watson Research Center. Over the years, he held several key positions across various divisions within IBM. Before becoming CEO, he was instrumental in IBM's strategic direction in areas like cloud computing, artificial intelligence (AI), and quantum computing. He notably led the successful acquisition of Red Hat, a major deal that significantly enhanced IBM's hybrid cloud strategy. Throughout his tenure, Krishna has been known for his strong technical expertise, strategic vision, and ability to drive innovation. His leadership is focused on transforming IBM into a leader in hybrid cloud solutions and artificial intelligence, addressing the evolving needs of businesses in the digital era.

Mr. Gary D. Cohn
Executive Vice Chairman

Gary D. Cohn is a prominent figure in the business world, currently serving as Vice Chairman of IBM. Before joining IBM, he was best known for his role as the Chief Economic Advisor to President Donald Trump and Director of the National Economic Council from January 2017 until April 2018. In this position, he played a significant role in shaping U.S. economic policy, including efforts on tax reform and regulatory relief. Before his time in government, Cohn had a long and distinguished career at Goldman Sachs, where he served in multiple senior roles, ultimately becoming the firm's President and Chief Operating Officer from 2006 to 2016. His tenure at Goldman Sachs was marked by his involvement in various strategic initiatives that helped shape the firm's trajectory. Gary Cohn's career has been characterized by his strong leadership abilities and his ability to navigate complex financial landscapes. After leaving the public sector, he has continued to influence the technology and finance sectors through his position at IBM and other engagements. His experience in both the private and public sectors provides him with a unique perspective on the intersection of economics, business, and policy.

Mr. James J. Kavanaugh
Senior VP & CFO

James J. Kavanaugh is a notable executive at International Business Machines Corporation (IBM). He has held the position of Senior Vice President and Chief Financial Officer (CFO) since January 2018. In his role as CFO, Kavanaugh is responsible for leading IBM's global finance and operations, a critical function that includes managing financial strategy, accounting, internal controls, corporate development, and investor relations. Before assuming the CFO role, Kavanaugh served in various key positions within IBM, showcasing his extensive experience in the company. He joined IBM in 1996 and has held leadership roles in several areas, including finance, operations, and business development. Prior to becoming CFO, he was the Senior Vice President of Transformation & Operations, where he worked on initiatives to improve IBM's operational effectiveness and managed significant transformation projects. Kavanaugh has a strong background in finance and management, which has been instrumental in navigating IBM through significant transitions in the technology sector. His leadership is credited with optimizing financial performance and guiding strategic investments to align with IBM's long-term business goals. Before his tenure at IBM, he worked at AT&T and held various positions in finance, as well as corporate development roles. His experience in diverse industries contributes to his capability in handling complex financial and strategic operations at IBM. James J. Kavanaugh is recognized for his strategic acumen and his contributions to IBM's financial stability and growth. His leadership continues to steer the company through the evolving landscape of the technology industry.

Mr. Robert D. Thomas
Senior VP of Software & Chief Commercial Officer

Robert D. Thomas, often known as Bob Thomas, is a well-recognized figure in the corporate world due to his significant contributions to International Business Machines Corp (IBM). He has held various leadership and strategic roles throughout his career within the company, marking a distinguished presence. Thomas is noted for having been one of the key figures in driving IBM's growth and transformation during his tenure. His leadership skills and deep understanding of technology and business markets have been instrumental in evolving the company's strategy, particularly as IBM shifted focus toward software and services, cloud computing, and artificial intelligence solutions. Before rising to these prominent roles, he gained extensive experience within IBM, which allowed him to understand the company's vast product line and diverse markets. Under his capacity, he has contributed to major corporate strategies that involve digital transformation and operational efficiency, reinforcing IBM's position as a leader in the tech industry. Thomas' tenure at IBM was marked by a commitment to innovation, fostering a culture that emphasizes research and development, which is crucial for technological advancement and maintaining competitiveness in the rapidly evolving tech landscape. While his influence has been felt across various sectors within the company, he is particularly recognized for his work in aligning IBM's business practices with modern technological trends, ensuring continued relevance in a changing market. His career is emblematic of a blend of technical acumen and strategic foresight, positioning him as a notable executive who has had a substantial impact on IBM's trajectory in the global technology field.

Ms. Joanne Wright
Senior Vice President of Transformation & Operations

Joanne Wright is a seasoned executive at International Business Machines Corp (IBM) with a distinguished career in the intersection of technology and operations. She has held significant leadership positions within the company, contributing to IBM's strategic initiatives and operational excellence. As of her recent role, Joanne Wright served as the Vice President of Enterprise Operations and Services, where she was responsible for overseeing and transforming IBM's internal operations, ensuring efficiency and innovation across the organization's processes. With a strong focus on leveraging data analytics and technology to drive business outcomes, Wright has been instrumental in shaping IBM's operational strategies. She is known for her leadership in enhancing supply chain management, streamlining processes, and implementing digital solutions to improve overall enterprise performance. Throughout her career at IBM, Joanne Wright has earned recognition for her ability to lead diverse teams and drive change in complex environments. Her contributions have been pivotal in advancing IBM's mission to integrate cutting-edge technology into its global operations, solidifying its reputation as a leader in the technology industry.

Mr. Alexander Franz Stern
Senior VP of Strategy, M&A, Corporate Development and Investor Relations

Alexander Franz Stern is not an executive officer at International Business Machines Corp (IBM). Therefore, I do not have any specific biographical information on him related to IBM. If you meant a different person or company, please provide additional details.

Ms. Anne E. Robinson
Senior VP & Chief Legal Officer

Anne E. Robinson is a seasoned executive with extensive experience in the technology and financial sectors. She currently serves as the Senior Vice President, General Counsel, and Secretary at IBM (International Business Machines Corp). In this role, she is responsible for overseeing the company’s global legal, security, and government and regulatory affairs, and is a key adviser to IBM's board of directors and senior management team. Before joining IBM, Robinson was the General Counsel and Managing Director for Vanguard, one of the world's largest investment management companies, where she had significant influence in shaping the firm’s legal strategy and operations. She also held senior legal positions at other prestigious financial institutions such as American Express and Goldman Sachs, where she developed extensive expertise in regulatory compliance, corporate governance, and securities law. Anne E. Robinson earned her Juris Doctor degree from Columbia Law School after completing her undergraduate studies at Hampton University. Her leadership and contributions have been recognized widely, including her commitment to diversity and inclusion in the workplace.

Mr. Jonathan H. Adashek
Senior Vice President of Marketing & Communications

Jonathan H. Adashek is a notable executive who served as the Senior Vice President and Chief Communications Officer for IBM. In his role, Adashek was responsible for managing and overseeing all global communications activities for the company, ensuring that IBM's messaging aligned with its strategic goals and resonated with its diverse stakeholders. Before joining IBM, Adashek held several key positions in other major organizations. Notably, he was the Global Communications Director for Nissan Motor Co., where he led communications efforts for the company worldwide. His experience also extends to the technology sector, having worked with Microsoft in significant communications capacities. Adashek's career is marked by his expertise in corporate communications, public affairs, and strategic messaging, which have made him a respected figure in both the business and communications industries. His work has been integral in shaping the public image and strategic direction of the companies with which he has been associated.

Ms. Nickle Jaclyn LaMoreaux
Senior VP & Chief Human Resources Officer
No Bio Available
Dr. Bernard S. Meyerson Ph.D.
Chief Innovation Officer Emeritus

Dr. Bernard S. Meyerson is a renowned scientist and executive who has made significant contributions to the field of technology through his work at IBM (International Business Machines Corporation). He is widely recognized for his expertise in physics and his pioneering work in semiconductor technology and innovation. Dr. Meyerson began his career at IBM in the late 1970s and quickly became a leading figure in the development of silicon-germanium (SiGe) technology, which revolutionized the performance and efficiency of semiconductors. His work in this area contributed significantly to advancements in computing power and speed, particularly in the telecommunications industry. Throughout his career at IBM, Dr. Meyerson held several key positions, including Vice President of Innovation and IBM Fellow, which is the company's highest technical position. He has been instrumental in guiding IBM's strategic direction in technology and innovation, influencing the development of future technologies that address global challenges. Dr. Meyerson is also known for his involvement in promoting sustainable technology practices and energy-efficient computing. He has been a vocal advocate for integrating sustainability into technological innovation to ensure a positive impact on society and the environment. In addition to his technical achievements, Dr. Meyerson has received numerous awards and honors for his work, including being named a Fellow of the American Physical Society and the IEEE. His contributions have left a lasting impact on the technology industry and have positioned him as a respected leader and visionary. Dr. Meyerson's influence extends beyond IBM, as he has served on various advisory boards and committees, helping to shape the future direction of technology on a broader scale. His career reflects a commitment to pushing the boundaries of science and technology while considering the greater societal implications.

Contacts

Address
NEW YORK
Armonk
1 New Orchard Rd
Contacts
+19144991900.0
www.ibm.com
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett