HIGHBuilt-inGeographic
60%
outside United States
“10-K Item 1A: 'deriving about sixty percent of its revenues from sales outside the United States'”
IBM · Concentration risk · 10-K extracted
International Business Machines (IBM) concentration risks
Updated
The most significant concentration International Business Machines discloses is outside United States at 60%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: International Business Machines’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH2
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partySupplier
server processor technology suppliers
“10-K Item 1A: 'Certain of the company's businesses rely on a single or a limited number of suppliers, including for server processor technology for certain semiconductors'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile combines a high-share geographic revenue split with a high-share supplier dependency, presenting two distinct but separately significant exposures. The company derives about sixty percent of revenues from sales outside the United States — a high-share, structural concentration. This reflects the global reach of the enterprise technology business, where the international share is a durable feature of the end-market footprint rather than a contingent dependency. The channels through which foreign revenue flows — currency translation, geopolitical conditions, and local regulatory environments — are the main mechanisms through which this concentration can affect reported results. On the supply side, certain businesses rely on a single or limited number of suppliers for server processor technology and certain semiconductors — a high-share dependency by disclosed size. For a hardware and technology infrastructure company, sole-source processor or semiconductor dependencies represent a material operational risk: procurement disruptions, allocation constraints, or pricing power exercised by a limited set of chip suppliers can affect product margins and availability with limited short-term substitution ability, particularly in product lines requiring specific certified components. These two exposures are structurally independent rather than reinforcing — one is geographic and revenue-side, the other is supply-chain and cost-side. However, both are rated at the high-share level, making the concentration profile more substantive than a single-risk company. Monitoring global technology demand conditions alongside semiconductor supply dynamics is the appropriate dual-track watch for this profile.
For the engine’s reasoning on IBM’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Information Technology Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CACI | CACI International, Inc. | 3 | 1 | 0 | 4 |
| IBM● | International Business Machines | 2 | 0 | 0 | 2 |
| BBAI | BigBear.ai, Inc. | 1 | 1 | 0 | 2 |
| ACN | Accenture plc | 0 | 0 | 0 | 0 |
| APLD | Applied Digital Corporation | 0 | 0 | 0 | 0 |
| BR | Broadridge Financial Solutions, | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.