IBM's gross margin reached 60.6% in 25Q4 driven by mainframe upgrades, but revenue growth slowed to 1.1% in 26Q2 as the hardware cycle waned.
INTERNATIONAL BUSINESS MACHINES CORP (IBM) operates across 4 main segments, selling hybrid cloud and AI platforms, consulting services, and mainframe infrastructure to enterprise clients globally. At scale, the company generated TTM revenue of $69,096 million and TTM net income of $10,725 million. Strengths: Software segment revenue grew from $12,637 million in 24H1 to $14,813 million in 26H1, hel