International Business Machines Corp (NYSE: IBM) is a technology and consulting company that delivers hybrid cloud and artificial intelligence solutions to enterprise clients worldwide. It generates revenue through a combination of software licensing and subscriptions, technology services, and consulting engagements sold primarily to large organizations facing complex business and IT challenges. IBM operates as a globally integrated enterprise, competing across its business segments against large multinational technology firms as well as smaller specialized entities. Strategic partners named in the FY2025 10-K (filed 2026-02-24) include Adobe, Amazon Web Services, Microsoft, Oracle, Palo Alto Networks, Salesforce, Samsung Electronics, and SAP, some of whom are also competitors. IBM is headquartered in the United States and is listed on the New York Stock Exchange.

Revenue model

IBM earns revenue through software products (including licensing and subscription arrangements), technology consulting services, and infrastructure offerings, all directed at enterprise clients. The company operates across distinct business segments focused on hybrid cloud and AI, as described in the FY2025 10-K filed 2026-02-24.

Products and services

IBM's offerings center on hybrid cloud platforms and AI solutions, delivered through software, consulting, and infrastructure services. Specific product names and segment revenue breakdowns are not detailed in the available filing excerpts.

Customers and end markets

IBM serves enterprise clients with complex business and IT requirements across industries globally. The company works with hyperscalers, global system integrators, service providers, and software and hardware vendors as both partners and distribution channels, per the FY2025 10-K filed 2026-02-24.

Value-chain role

IBM functions as an enterprise technology provider and systems integrator, delivering end-to-end solutions that combine proprietary software, consulting expertise, and infrastructure services to large organizations.

Geographic exposure

IBM describes itself as a globally integrated enterprise operating worldwide. Specific country or regional revenue breakdowns are not available in the provided filing excerpts.

Competitors

Adobe, Amazon Web Services (AWS), Microsoft, Oracle, Palo Alto Networks, Salesforce, Samsung Electronics, SAP

Source: SEC 10-K, filed 2026-02-24

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