Earnings summaries and quarterly performance for INTERNATIONAL BUSINESS MACHINES.
Executive leadership at INTERNATIONAL BUSINESS MACHINES.
Arvind Krishna
Detailed
Chief Executive Officer
CEO
AR
Anne Robinson
Detailed
Senior Vice President and Chief Legal Officer
GC
Gary Cohn
Detailed
Vice Chairman
JJ
James J. Kavanaugh
Detailed
Senior Vice President, Finance & Operations and Chief Financial Officer
RD
Robert D. Thomas
Detailed
Senior Vice President, Software & Chief Commercial Officer
Board of directors at INTERNATIONAL BUSINESS MACHINES.
AG
Alex Gorsky
Detailed
Lead Director
AW
Alfred W. Zollar
Detailed
Director
AN
Andrew N. Liveris
Detailed
Director
DN
David N. Farr
Detailed
Director
FW
F. William McNabb III
Detailed
Director
FH
Frederick H. Waddell
Detailed
Director
MC
Marianne C. Brown
Detailed
Director
ME
Martha E. Pollack
Detailed
Director
MM
Michael Miebach
Detailed
Director
MJ
Michelle J. Howard
Detailed
Director
PR
Peter R. Voser
Detailed
Director
TB
Thomas Buberl
Detailed
Director
Research analysts who have asked questions during INTERNATIONAL BUSINESS MACHINES earnings calls.
Amit Daryanani
Evercore
6 questions for IBM
Also covers: AAPL, AKAM, ANET +22 more
Erik Woodring
Morgan Stanley
6 questions for IBM
Also covers: AAPL, CDW, CRCT +19 more
WM
Wamsi Mohan
Bank of America Merrill Lynch
6 questions for IBM
Also covers: AAPL, APH, AVT +13 more
BE
Brian Essex
JPMorgan Chase & Co.
4 questions for IBM
Also covers: CHKP, CLBT, CRWD +16 more
BR
Benjamin Reitzes
Melius Research
3 questions for IBM
Also covers: AAPL, AMD, AMKR +7 more
BR
Ben Reitzes
Melius Research LLC
3 questions for IBM
Also covers: AAPL, AMD, AMKR +9 more
JS
James Schneider
Goldman Sachs
3 questions for IBM
Also covers: ACN, AMAT, AMKR +26 more
JS
Jim Schneider
Goldman Sachs
3 questions for IBM
Also covers: ACN, ADI, AMT +23 more
Matthew Swanson
RBC Capital Markets
3 questions for IBM
Also covers: ADBE, DV, MGNI +7 more
Brent Thill
Jefferies
2 questions for IBM
Also covers: ADBE, AMZN, ASAN +26 more
MN
Mark Newman
Bernstein
2 questions for IBM
Also covers: DELL, HPQ, SMCI +2 more
TS
Toni Sacconaghi
Bernstein
1 question for IBM
Also covers: DELL, HPE, HPQ
Recent press releases and 8-K filings for IBM.
IBM to acquire Confluent to build smart data platform for enterprise AI
IBM
M&A
New Projects/Investments
- IBM will acquire all issued and outstanding Confluent shares for $31 per share, representing an enterprise value of $11 billion.
- The transaction is expected to be accretive to adjusted EBITDA within the first full year and accretive to free cash flow in year two post-close.
- The deal aims to integrate Confluent’s Apache Kafka-based streaming platform with IBM’s hybrid cloud and AI offerings to create an end-to-end smart data platform.
- Confluent serves more than 6,500 clients, including over 40% of the Fortune 500, and has doubled its total addressable market from $50 billion to $100 billion over the last four years.
- The acquisition is expected to close by mid-2026, pending Confluent shareholder and regulatory approvals.
Dec 8, 2025, 1:00 PM
IBM to acquire Confluent
IBM
M&A
- IBM to acquire Confluent in an $11 billion all-cash transaction, funded by cash on hand.
- Closing expected by mid-2026, subject to customary conditions and regulatory approvals.
- The deal aims to strengthen IBM’s position as a software-led Hybrid Cloud and AI platform company, expanding its total addressable market in real-time data streaming.
- Confluent brings a $1 billion+ LTM revenue business with ~6,500 customers and >40% Fortune 500 adoption as of Q3 FY2025.
- IBM expects $500 million in run-rate operational synergies, with the acquisition accretive to adjusted EBITDA in year one and to free cash flow in year two post-close.
Dec 8, 2025, 1:00 PM
IBM
M&A
- IBM to acquire Confluent for $11 billion enterprise value, funded from cash on hand.
- Unanimously approved by both companies’ boards; expected closing mid-2026, pending shareholder and regulatory approvals.
- Deal projected to be accretive to Adjusted EBITDA in the first full year and to Free Cash Flow in year two post-close.
- IBM anticipates $500 million of run-rate synergies from go-to-market scale and G&A optimization.
- Acquisition expands IBM’s hybrid cloud and AI offerings in the $100 billion-plus real-time streaming data market.
Dec 8, 2025, 1:00 PM
IBM announces acquisition of Confluent
IBM
M&A
- IBM will acquire Confluent for $11 billion in enterprise value using cash on hand, with closing expected by mid-2026, pending customary approvals.
- The deal strengthens IBM’s software-led hybrid cloud and AI platform by integrating Confluent’s Apache Kafka–based streaming with IBM’s data, automation, and AI capabilities, addressing a $100 billion+ real-time data streaming market.
- IBM expects the acquisition to be accretive to Adjusted EBITDA in the first full year, to Free Cash Flow in year two, and to generate $500 million of run-rate operational synergies through go-to-market and G&A efficiencies.
Dec 8, 2025, 1:00 PM
IBM to acquire Confluent
IBM
M&A
- IBM signed a definitive agreement to acquire Confluent for $11 billion enterprise value, funded by cash on hand.
- The deal, approved by both companies’ boards and Confluent shareholders holding ~62% voting power, is expected to close by mid-2026, subject to approvals.
- IBM forecasts the acquisition to be accretive to Adjusted EBITDA within the first full year and to free cash flow in year two post-close.
- IBM anticipates about $500 million of run-rate synergies from go-to-market scale, optimized G&A, and productivity actions.
- The acquisition enhances IBM’s hybrid cloud and AI platform, positioning it in the $100 billion-plus real-time data-streaming market.
Dec 8, 2025, 1:00 PM
IBM partners with Riyadh Air to launch AI-native airline
IBM
New Projects/Investments
- Unveiled the world’s first AI-native airline, leveraging IBM Consulting and watsonx Orchestrate across 59 workstreams and 60+ partners including Adobe, Apple, FLYR and Microsoft.
- Initial flights are underway, with first commercial service expected in early 2026.
- IBM Consulting deployed an enterprise performance management suite to automate planning, budgeting, forecasting and integrate real-time financial and operational data.
- Riyadh Air, backed by Saudi Arabia’s Public Investment Fund, plans to serve over 100 destinations by 2030 as a digitally-led, full-service carrier.
Dec 8, 2025, 5:01 AM
IBM and Cisco to collaborate on distributed quantum computing network
IBM
New Projects/Investments
- IBM and Cisco intend to design a network of large-scale, fault-tolerant quantum computers, aiming for a proof-of-concept demonstration by the end of 2030 that entangles qubits across separate systems.
- The partnership will develop critical hardware components—including microwave-optical transducers and a quantum networking unit (QNU)—to link quantum processing units within and between data centers.
- Cisco will build a high-speed software protocol to dynamically distribute entanglement on demand, while IBM explores long-distance qubit transmission and co-funds academic research to advance the quantum ecosystem.
Nov 20, 2025, 11:00 AM
IBM unveils new quantum processors and fault-tolerance roadmap
IBM
Product Launch
New Projects/Investments
- IBM introduced the Quantum Nighthawk processor with 120 qubits and 218 tunable couplers, enabling circuits with 30 percent more complexity and up to 5,000 two-qubit gates, aiming for quantum advantage by end of 2026.
- IBM, Algorithmiq, the Flatiron Institute and BlueQubit launched an open quantum advantage tracker with three community experiments to validate emerging quantum-advantage claims.
- Qiskit now supports dynamic circuits that boost accuracy by 24 percent at scales of 100+ qubits and an HPC-powered error-mitigation model that cuts result-extraction costs by over 100×.
- The experimental Quantum Loon processor demonstrated all key components for fault-tolerant computing—including multi-layer routing and qubit-reset capabilities—and real-time qLDPC error decoding in under 480 nanoseconds, a year ahead of schedule.
- Transitioning to 300 mm wafer fabrication at Albany NanoTech has doubled R&D speed and achieved a ten-fold increase in quantum chip complexity, accelerating processor development.
Nov 12, 2025, 11:00 AM
IBM ranks as second most crowded large-cap short in October
IBM
- Technology securities comprised 23.33% of global short positions in October, a 17% increase month-over-month, with IBM ranking as the second most crowded large-cap short in the Americas (Crowdedness Score: 97).
- Consumer securities led global short activity, accounting for 41% of positions (up 15% from September).
- The report assesses short interest using three metrics—Hazeltree Crowdedness Score, Institutional Supply Utilization, and Community Borrow Fee—to gauge market dynamics.
Nov 5, 2025, 3:30 PM
IBM to cut thousands of jobs in Q4
IBM
Layoffs
Revenue Acceleration/Inflection
- IBM will cut thousands of jobs in Q4, representing a low single-digit percentage of its ~270,000 workforce, as part of a shift toward higher-growth AI consulting, software and cloud services.
- CFO Jim Kavanaugh said 80% of IBM’s AI consulting and software customers are new over the last six months, indicating accelerating AI adoption.
- Jefferies reported AI consulting and software bookings rose to $9.5 billion in Q3, while Q3 sales grew 9% to $16.33 billion, surpassing forecasts.
- Earlier in 2025, IBM replaced several hundred HR workers with AI but saw overall headcount rise after hiring additional programmers and sales staff.
Nov 4, 2025, 8:02 PM
Quarterly earnings call transcripts for INTERNATIONAL BUSINESS MACHINES.
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