IBM
International Business Machines Corporation303.18
-5.48-1.78%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Software details, Red Hat caution
Q&A unpacked software's expected 10% growth with data high-teens (4 points), automation low-double (2.5 points), yet Red Hat guidance stays prudent due to Q4 federal delays curbing ACV bookings. Management waved off memory pricing pressures as no hybrid cloud drag, thanks to AI server tailwinds and Linux share. Consulting backlog reached $32B (GenAI 25% penetration, $3.6B ARR run-rate), supporting low-to-mid single-digit ramp from low single Q1. Z17 drew secular praise—sovereignty economics, in-line AI cards—but infra guide holds low-single down. Enterprise GenAI tilts private: 50% on-prem in 3-5 years. Guidance firm. Watch Red Hat recovery, Confluent synergies.
Key Stats
Market Cap
283.39BP/E (TTM)
36.09Basic EPS (TTM)
8.40Dividend Yield
0.02%Recent Filings
10-K
FY2025 10-K
IBM's 10-K for FY2025 ended December 31, 2025, lacks financial statements, quarterly breakdowns, or performance metrics, offering no topline, profitability, or momentum data. Equity award terms detail RSUs, options, and PSUs with strict cancellation for detrimental activity or competition, while an exhibit amends the Excess Savings Plan for Red Hat transfers starting January 1, 2026. No Q4 results or trends disclosed. Debt includes notes maturing 2026–2096. Liquidity and capex not detailed. Cybersecurity risks could disrupt operations.
8-K
IBM issues $6.75B notes
8-K
IBM adds PepsiCo CEO to board
IBM elected Ramon Laguarta, PepsiCo's Chairman and CEO, to its Board of Directors effective March 1, 2026; he joins the Directors and Corporate Governance Committee. Laguarta brings expertise in leveraging technology for enterprise transformation, as shown at PepsiCo since 2018. IBM Chairman Arvind Krishna praised his track record. New director strengthens tech-driven governance.
8-K
IBM Q4 revenue surges 12%
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