IBM · International Business Machines Corp
Price & Indicators
Raw chart and full-history price indicators begin at the captured split on Nov 4, 2021; bars on opposite sides are not compared.
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Adjusted EBITDA non-GAAP | 8.8B | Six Months Ended June 30, 2026 | — |
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| Adjusted EBITDA margin non-GAAP | 26.5% | Six Months Ended June 30 | — |
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| free cash flow non-GAAP | $4.8B | first six months of 2026 | — |
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| Net cash from operating activities excl. IBM Financing receivables non-GAAP | 5.5B | Six Months Ended June 30, 2026 | — |
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| Net cash provided by operating activities margin | 23.5% | Six Months Ended June 30 | — |
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| open source patches | 7,500 | first two weeks of availability | — |
| order backlog | $500M | Q2 2026 | — |
| Clients maintaining or growing capacity | 85% | Q2 FY2026 | — |
| Distributed Infrastructure backlog | $500M | Q2 FY2026 | — |
| Operating (Non-GAAP) diluted earnings per share: continuing operations non-GAAP | $2.93 | Three Months Ended June 30, 2026 | — |
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| Operating (Non-GAAP) gross profit margin non-GAAP | 59.4% | Three Months Ended June 30, 2026 | — |
| Operating (Non-GAAP) pre-tax income margin from continuing operations non-GAAP | 19.2% | Three Months Ended June 30, 2026 | — |
| z17 program-to-program | 130% | Q2 FY2026 | — |
| Change YTY revenue - constant currency - Infrastructure | 11.7% | Three Months Ended March 31, 2026 | — |
| Change YTY revenue - constant currency - Software | 7.9% | Three Months Ended March 31, 2026 | — |
| Change YTY revenue - Infrastructure | 15.3% | Three Months Ended March 31, 2026 | — |
| Change YTY revenue - Software | 11.3% | Three Months Ended March 31, 2026 | — |
| Operating (Non-GAAP) income from continuing operations non-GAAP | $1.82B | Three Months Ended March 31, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Income from continuing operations $1.22B
+$508M Acquisition-Related Adjustments
+$94M Retirement-Related Adjustments
+$4M Tax Reform Impacts
= Operating (Non-GAAP) — Income from continuing operations $1.82B
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| Operating (Non-GAAP) pre-tax income from continuing operations non-GAAP | $2.13B | Three Months Ended March 31, 2026 | — |
| Operating (non-GAAP) pre-tax income from continuing ops. non-GAAP | $2.1B | Three Months Ended March 31, 2026 | — |
| Segment profit margin - Consulting | 10.6% | Three Months Ended March 31, 2026 | — |
| Segment profit margin - Financing | 53.8% | Three Months Ended March 31, 2026 | — |
| Segment profit margin - Infrastructure | 15.8% | Three Months Ended March 31, 2026 | — |
| Segment profit margin - Software | 29.8% | Three Months Ended March 31, 2026 | — |
| generative AI book of business | 12.5B | fourth quarter | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Information Technology Services — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
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IBM
this stock
International Business Machines Corp
|
$220.64B | -22.4% | +7.6% | 20.7 | 2.3% |
|
ACN
Accenture plc
|
$124.57B | -32.4% | +7.4% | 14.9 | 3.5% |
|
INFY
Infosys Ltd
|
$48.73B | -34.4% | — | — | 3.2% |
|
CTSH
Cognizant Technology Solutions Corp
|
$29.88B | -25.2% | +7.0% | 13.7 | 7.5% |
|
BR
Broadridge Financial Solutions, Inc.
|
$21.07B | -18.6% | +43.0% | 19.3 | 2.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
Raw-price comparisons begin at the captured split on Nov 4, 2021; windows that need an earlier baseline remain unavailable.
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| IBM | -3.1% | +1.5% | -10.4% | +2.8% | -22.4% |
| SPY | -0.4% | +5.0% | +12.4% | +2.6% | +12.3% |
| vs SPY | -2.7% | -3.5% | -22.8% | +0.2% | -34.7% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.