#IBM

3 articles tagged "IBM".

IBM: What This Company Actually Does

A plain-English read of IBM's business — selling AI and cloud software, the consulting services to actually deploy it, and specialized computers to run it — built directly from its SEC filings.

2026-09-12

IBM

The Story

IBM's Story: From 'No-Growth Company' to Two Guidance Raises — Then the First Crack

IBM's CFO once declared, on an earnings call, that the company had transformed from 'no-growth' to a mid-single-digit grower. Guidance kept climbing for two more years — until Q2 FY2026 brought the first real crack.

2026-09-12 Reverse DCF

What IBM's Stock Price Is Really Betting On

Reverse-engineering the free-cash-flow growth rate IBM's share price already assumes — and finding the market is barely asking IBM to grow cash flow at all, even as a cleaner revenue-based comparison tells a more ordinary story.

2026-09-12