INTERNATIONAL BUSINESS MACHINES CORP Stock: price and directors' dealings · United States · SEC (Form 4)

About INTERNATIONAL BUSINESS MACHINES CORP

International Business Machines Corp. (IBM) is a long-established enterprise technology company listed on the NYSE under the ticker IBM in the United States. Founded in 1911 as the Computing-Tabulating-Recording Company and renamed IBM in 1924, the group built its legacy in large-scale computing and has since evolved toward software, consulting, and hybrid infrastructure. Its headquarters are in Armonk, New York. For investors, IBM is best viewed as a B2B technology platform serving large corporations and public-sector clients rather than a consumer-facing software vendor. The company currently reports four main segments: Software, Consulting, Infrastructure, and Financing. Software is the most strategically important area, spanning hybrid cloud, automation, security, databases, and enterprise AI. Consulting supports digital transformation, application modernization, and systems integration. Infrastructure includes IBM Z mainframes, servers, storage, and related offerings, while Financing helps customers acquire IBM products and services. IBM’s competitive position is built on several strengths: a very large installed base, deep expertise in mission-critical environments, long-standing leadership in mainframe computing, and the ability to combine software, services, and hardware in integrated enterprise solutions. The company also differentiates itself through its hybrid cloud strategy, anchored by Red Hat, and through its AI initiatives under the watsonx brand. This positioning targets organizations that need to deploy AI at scale while maintaining governance, security, and sovereignty controls. Geographically, IBM has a global footprint, with operations across the Americas, Europe/Middle East/Africa, and Asia-Pacific. This broad reach gives the company exposure to multiple end markets and reduces reliance on any single region. Recent developments have reinforced IBM’s strategic shift toward enterprise AI and hybrid cloud. In early 2026, IBM highlighted solid growth in software and infrastructure revenues, alongside continued margin and free cash flow momentum. At Think 2026, the company unveiled new capabilities around watsonx Orchestrate, IBM Concert, and real-time data services, further extending its enterprise AI operating model. IBM also said it completed its acquisition of Confluent in 2026, strengthening its real-time data streaming capabilities for AI and agents. Overall, IBM remains a mature technology franchise with a mix of recurring software revenue, consulting scale, and mainframe resilience, while increasingly leveraging AI and hybrid cloud as its next growth vectors.