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IBM · International Business Machines Corp

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$247.13 +2.46 (+1.01%) At close · Nov 13
S&P 500 member Russell 1000 member Dow 30 member Rebalance outlook locked
Market Cap
$233.57B
Shares
945.12M
Volume · Nov 13 2.67M Avg daily vol (3M) 5.19M

Price & Indicators

Drag to pan · scroll to zoom
Indicators
Price
Panels
Event markers
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$247.13 Open$246.63 Day$244.83–247.85 52W close$205.77–329.23 Avg vol 30d4.9M Short int17.8M · 1.9% of shares · 3.0d Short vol42% Last earningsOct 21, 2026 DataJan 2020–Nov 2026 Filing10-Q · Oct 22

Up next

Next earnings call
Jan 27, 2027 Est · unconfirmed · in 10 wks
Q3 2026 earnings call transcript
call held Oct 21, 2026
Play latest call

Latest documents

2026
Oct 22
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Quarterly report for FY2026 Q3

IBM reported third-quarter revenue of $17.1 billion, up 4.7 percent, operating (non-GAAP) earnings of $2.8 billion, and free cash flow of $3.0 billion. For the first nine months of 2026, revenue was $50.2 billion, operating (non-GAAP) earnings were $7.4 billion, and free cash flow was $7.8 billion.

Revenue $17.1B ▲ 4.7% Net income $2.19B ▲ 25.6% Diluted EPS $2.30 ▲ 25.0%
Read from the MD&A section
Oct 21
Earnings call
Q3 2026 earnings call

IBM reported third-quarter revenue growth of 6%, with software growth of 9% and infrastructure growth of 5%, and raised its full-year free cash flow growth expectation to more than a billion dollars.

Oct 21
Current report 8-K
Financial results

IBM reported third-quarter 2026 revenue of $17.1 billion, up 5 percent and 6 percent at constant currency, and raised its full-year free cash flow outlook to an increase of more than $1 billion year-over-year.

Aug 14
Current report 8-K Events of Aug 10
Current report AI summary on its way
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$69.87B
Trailing 12 months
Net income (TTM)
$11.17B
Trailing 12 months
Revenue growth YoY
+4.7%
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
21.0
Trailing earnings · reciprocal yield 4.8%
FCF yield
6.3%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
−$61.59B
Latest balance sheet
Dividend yield
2.7%
Trailing 12 months
Shares change YoY
+0.5%
Year over year · more shares
Price change (1Y)
-18.9%
Trailing year
Short interest
1.9%
Latest settlement · 3.0 days to cover
View all 125 metrics

Quarterly results

Revenue Net income Net loss
▲1% $17.55B $2.91B '24 Q4* ▲0.5% $14.54B $1.05B '25 Q1 ▲7.7% $16.98B $2.19B '25 Q2 ▲9.1% $16.33B $1.74B '25 Q3 ▲12.2% $19.69B $5.60B '25 Q4* ▲9.5% $15.92B $1.22B '26 Q1 ▲1.1% $17.16B $2.17B '26 Q2 LATEST ▲4.7% $17.10B $2.19B '26 Q3

* Q4 derived as the full year minus Q1 to Q3.

Equibles Research

our published analysis of this company

Equibles Rating

blended score · not investment advice
Overall
Neutral
SellHoldBuy
Technical Neutral Momentum Neutral Sentiment Bullish Fundamentals Strong Quant / Vol High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Neutral
50 / 200-day cross No cross
Price vs 200-day avg +0%
above
Price vs 50-day avg +4%
above
RSI (14) 53
neutral
MACD trend Negative
52-week position 34%
mid-range
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Neutral
1-month return +6%
trailing
6-month return −1%
trailing
YTD return −17%
this year
Relative strength −2%
vs S&P · 6-mo
Sentiment
smart money
Bullish
Trend (MA cross) No cross
50d $238 › 200d $247 — 200d above 50d
Institutional flow Accumulating
3,345 of 3,683 funds reported for Sep 30 · net +698.6K sh shares · +103 new
Insider flow Distributing
Net -$5.8M over 90 days · 100% sells
Short interest Falling
1.89% of shares out · ▼ -10.4% MoM · 3.0 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
3,683 holders — near 3-yr high, broad support
Squeeze score 48
elevated · 0–100
Fundamentals
Strong
Revenue growth +8%
Y/Y
Gross margin 58%
expanding
EPS growth +74%
Y/Y
Free cash flow $12.1B
Valuation P/E 21
in line
Buyback $2.0B
remaining
Balance sheet $54.1B
net debt
Quant / Vol
risk profile
High
Volatility 48%
annualized · 1-yr
Max drawdown −38%
past year
ATR 2.6%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the Earnings Call filed Jul 22, 2026
Free cash flow growth · this year $1B
Previous outlook earlier release · from the 8-K filed Apr 22, 2026

Still-open targets the latest release did not restate under the same label.

Free cash flow · 2026 $1B

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Neutral
1 · 4 · 2
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
+0% Bullish
Price vs 50-day avg
+4% Bullish
RSI (14)
53 Neutral
MACD trend
Negative Bearish
52-week position
34% Neutral
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross) No cross
50d $238 › 200d $247 — 200d above 50d
Institutional flow Accumulating
3,345 of 3,683 funds reported for Sep 30 · net +698.6K sh shares · +103 new
Insider flow Distributing
Net -$5.8M over 90 days · 100% sells
Short interest Falling
1.89% of shares out · ▼ -10.4% MoM · 3.0 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
3,683 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $206 Now $247 · 34% Range high $329
vs 200-day avg +0% vs 50-day avg +4%

Illustrative 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
Consulting book-to-bill ratio (trailing twelve-months) 1.05 the second quarter of 2026 filing —
Diluted operating (non-GAAP) earnings per share non-GAAP $2.93 the three months ended June 30, 2026 filing —
Dividends returned to shareholders $1.6B the second quarter of 2026 filing —
Free cash flow non-GAAP $2.5B the three months ended June 30, 2026 filing —
Operating (non-GAAP) earnings non-GAAP $2.79B the three months ended June 30, 2026 filing —
GAAP → non-GAAP reconciliation
GAAP Net income as reported $2.17B
-$1M Income/(loss) from discontinued operations, net of tax
+$548M Acquisition-related charges
+$76M Non-operating retirement-related costs/(income)
+$2M U.S. tax reform impacts
= Operating (non-GAAP) earnings $2.79B
Operating (non-GAAP) gross margin non-GAAP 59.4% the three months ended June 30, 2026 filing —
Operating (non-GAAP) gross profit non-GAAP $10.19B the three months ended June 30, 2026 filing —
GAAP → non-GAAP reconciliation
GAAP Total gross profit $9.91B
+$287M Amortization of acquired intangible assets
= Operating (non-GAAP) gross profit $10.19B
Operating (non-GAAP) net income margin from continuing operations non-GAAP 16.3% the second quarter of 2026 filing —
Operating (non-GAAP) pre-tax margin from continuing operations non-GAAP 19.2% the second quarter of 2026 filing —
Operating (non-GAAP) provision for income taxes non-GAAP $498M the three months ended June 30, 2026 filing —
Return on equity 25% the three months ended June 30, 2026 filing —
Segment profit margin 58% the three months ended June 30, 2026 filing —
Software annual recurring revenue (ARR) $24.6B the second quarter of 2026 filing —
Total Consulting signings $5.03B the three months ended June 30, 2026 filing —

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
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
IBM
International Business Machines Corp
this stock
$233.57B -16.6% +7.6% 21.0 1.9%
ACN
Accenture plc
 $167.58B -6.6% +6.5% 18.5 3.2%
INFY
Infosys Ltd
 $49.78B -31.0% — — 2.1%
CTSH
Cognizant Technology Solutions Corp
 $28.17B -24.1% +7.0% 11.5 5.2%
BR
Broadridge Financial Solutions, Inc.
 $21.77B -13.8% +43.0% 21.3 3.2%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
3,511
% held
68.7%
Reported
3,345 of 3,683
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
1,194
View
Short & Settlement
Short Interest Falling
Shares short
17.8M
Days to cover
3.0d
Change
-2.1M sh
View
Short Volume
Short vol %
42%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
4.4K
Value
$1.0M
As of
Oct 14, 2026
View
Off-Exchange
Off-exchange %
46.8%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$5.8M
Buyers / Sellers
0 / 1
Buyers Sellers
View
Congressional Trades Sell
Member
Pete Sessions
Amount
$1.0K–$15.0K
Traded
Oct 20, 2026
View
Financials
Financials
Revenue (FY)
$67.5B
Net income (FY)
$10.6B
EPS diluted
$11.17
View
Buybacks
Remaining
$2.0B
View
Filings
SEC Filings
Latest
10-Q
Filed
Oct 22, 2026
This year
22

IBM reported third-quarter revenue of $17.1 billion, up 4.7 percent, operating (non-GAAP) earnings of $2.8 billion, and free cash flow of $3.0 billion. For the first nine months of 2026, revenue was $50.2 billion, operating (non-GAAP) earnings were $7.4 billion, and free cash flow was $7.8 billion.

View
Proposed Sales
Value
$5.8M
Shares
25.0K
Filed
Aug 26, 2026
View
Earnings & Events
Webcasts
Last webcast
Oct 21, 2026
View
Investor Relations
Latest news
IBM RELEASES THIRD-QUARTER RESULTS
Published
Oct 21, 2026
View

Performance

5D 20D 120D MTD YTD
IBM +0.9% +6.5% -1.4% -4.1% -16.6%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -1.7% +7.6% -1.9% -4.0% -27.2%

Capital returns

Latest dividend
$1.69 / share · ex Nov 10, 2026
Raised 0.6%
Paid (TTM)
$6.75 / share · 4 payouts
Dividend yield (TTM, derived)
2.73%
Full dividend history
Buyback program · as of Dec 31, 2025
Authorized
—
Spent (derived)
—
Remaining
$2.01B

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.

Key facts CIK 51143 CUSIP 459200101 13F (30d) 2727 filings 2553 filers Visit website Investor relations