IBM

Information Technology Services • Technology • Armonk, NY, United States • IBM (NYQ)

914 499 1900 One New Orchard Road, Armonk, NY 10504, United States

Quarter: Q4 2025 Reported: October 22, 2025 Sentiment: Neutral

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. Its Consulting segment focuses on skills integration for strategy, experience, technology, and operations by domain and industry. The Infrastructure segment provides on-premises and cloud based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment. Its Financing segment offers client and commercial financing, facilitates IBM clients' acquisition of hardware, software, and services. It has strategic partnership with various companies, including hyperscalers, service providers, system integrators, and software and hardware vendors that includes Adobe, Amazon Web services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.

Analysis Summary

The provided excerpt from IBM's 8-K filing details the announcement of financial results for the period ended September 30, 2025. It indicates that comprehensive financial statements, encompassing both GAAP and non-GAAP measures, along with reconciliations and management's rationale for non-GAAP usage, are available in Exhibits 99.1 and 99.2. The current text, however, does not contain any specific financial figures, strategic updates, management commentary, or forward-looking guidance. Consequently, a detailed breakdown of performance by segment, year-over-year comparisons, competitive positioning, or identified risk factors cannot be extracted or analyzed from this limited information. Investors seeking a comprehensive understanding of IBM's performance for this period are directed to the full exhibits.

Key Highlights

• IBM announced financial results for the period ended September 30, 2025.
• Detailed consolidated financial statements are available in Exhibit 99.1 of the Form 8-K.
• Non-GAAP financial measures are disclosed to provide additional investor information.
• Reconciliations of non-GAAP measures to GAAP are included in the press release.
• Management's rationale for using non-GAAP measures is provided in Exhibit 99.2.