
IBM · NYSE
IBM sells enterprise software, consulting, infrastructure and hybrid-cloud technology, with artificial-intelligence capabilities embedded across those offerings. It makes recurring revenue from software, including Red Hat and other hybrid-cloud products, while consulting generates services revenue and infrastructure serves customers through mainframe and related systems. Its customers include large enterprises and public-sector organizations, including India’s public sector through the Sarvam partnership. IBM’s 2025 revenue was $67.5 billion and net income was $10.6 billion, versus $62.8 billion of revenue and $6.0 billion of net income in 2024. The supplied evidence does not disclose current segment contribution percentages.
IBM rose 3.34% over the week, from $227.55 to $235.15. The shares initially weakened, falling from $227.55 on July 28 to $221.74 on July 30, before recovering to $223.65 on July 31 and then rallying sharply on August 3-4. The main catalyst was the post-second-quarter earnings reaction: investors looked past a top-line revenue miss and focused on AI momentum and margin expansion. Coverage also highlighted hybrid-cloud demand, Red Hat momentum, and IBM’s AI consulting backlog, while the sovereign-AI partnership with India’s Sarvam provided an additional growth narrative. No evidence indicates a material company-specific reversal after Tuesday’s rally; the week ended at its high.