IBM reported FY2025 revenue of $67.5 billion and 2026 Q1 revenue of $15.9 billion. The thesis depends on software mix, AI demand, consulting execution, debt discipline and cash conversion.
IBM: the AI consulting giant has to prove the software pivot compounds
NYSEIBMCoverage BootstrapInternational Business Machines Corporation
Thesis summary
IBM reported FY2025 revenue of $67.5 billion and 2026 Q1 revenue of $15.9 billion. The thesis depends on software mix, AI demand, consulting execution, debt discipline and cash conversion.
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