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International Business Machines Corporation

IBM Technology Computer Manufacturing
$252.11
▲ +4.2% Today
as of Oct 22, 16:49 ET
Last 30 days +1.21% Sep 14 → Oct 22
$217.36 $226.69 $236.02 $245.35 $254.68 Sep 14 Sep 22 Sep 29 Oct 07 Oct 14 Oct 22
Open
$241.25
High
$256.27
Low
$241.25
Volume
$12M
Avg Vol
$7M
Mkt Cap
$207.8B
P/E (TTM)
43.07
Beta
—
52w High
$332.46
52w Low
$199.19
Div Yield
—
Shares Out
—

Recent Press Releases & News last 60 days · 25 items

mixed ▲ 3 ● 22 ▼ 0
Oct 22 · 10:20 Stocktwits neutral
IBM Stock Slides Over 5% Despite Earnings Beat, Analyst Target Hikes — Software Growth Faces 2027 Test
Oct 22 · 09:44 MT Newswires neutral
Goldman Sachs Adjusts Price Target on IBM to $300 From $270
Oct 22 · 09:44 MT Newswires neutral
Jefferies Adjusts Price Target on IBM to $280 From $270
▸ Show all 25 press releases & news Free account →

IBM earnings at a glance

The options market is pricing a move of about ±8.5% after the report, a range of roughly $230.64 to $273.58 from today's $252.11. Over its last 6 reports the stock rose the next day 2 times and fell 4, moving ±4.8% on average; after the most recent report on Jul 22, 2026 it moved +0.4%. That means options currently expect more movement than IBM has typically delivered. IBM beat the consensus EPS estimate in 5 of its last 6 reported quarters. Implied volatility is currently 53%. The share price of $252.11 sits in the middle of its 52-week range.

More Technology stocks · All stocks · Earnings calendar

Overview

52-week range
$199
$332
40% of range
Avg surprise (last 6)
+6.2%
Avg reaction (last 6)
-3.0%
33% positive
Latest IV / EM
53%
EM ±8.5% · $228 · Oct 23

Earnings trends

EPS — actual vs estimate Actual Estimate
$-0.36$0.86$2.08$3.30$4.52 Actual $1.01Actual $1.72Actual $1.84Actual $1.72Actual $1.96Actual $-0.36Actual $1.60Est $1.42Actual $2.80Est $2.64Actual $2.65Est $2.44Actual $4.52Est $4.33Actual $1.91Est $1.81Actual $2.93Est $2.97 MarJunSepMarJunSepMar/2025Jun/2025Sep/20258K8KJun/2026
Revenue vs Net Income Revenue Net income
$-330M$4.3B$8.8B$13.4B$18.0B Sep 24Mar 25Jun 25Sep 25Mar 26Jun 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Wed Jul 22, 2026Jun/2026 $2.93 $2.97 0.0% +6.1% +0.4% earnings
Wed Apr 22, 20268K 2026-04-22 $1.91 $1.81 +5.5% — -8.3% earnings
Wed Jan 28, 20268K 2026-01-28 $4.52 $4.33 +4.4% — +5.1% earnings
Wed Oct 22, 2025Sep/2025 $2.65 $2.44 +8.6% — -0.9% earnings
Wed Jul 23, 2025Jun/2025 $2.80 $2.64 +6.1% — -7.6% earnings
Wed Apr 23, 2025Mar/2025 $1.60 $1.42 +12.7% — -6.6% earnings
Mon Sep 30, 2024Sep 2024 $-0.36 — — — — financials
Sun Jun 30, 2024Jun 2024 $1.96 — — — — financials
Sun Mar 31, 2024Mar 2024 $1.72 — — — — financials
Sat Sep 30, 2023Sep 2023 $1.84 — — — — financials
Fri Jun 30, 2023Jun 2023 $1.72 — — — — financials
Fri Mar 31, 2023Mar 2023 $1.01 — — — — financials

Financials

Income statement (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue$17.16B$15.92B—$16.33B$16.98B$14.54B—$14.97B
Cost of revenue$7.25B$6.97B—$6.97B$7.00B$6.51B—$6.55B
Gross profit$9.91B$8.95B—$9.36B$9.98B$8.03B—$8.42B
Operating income————————
Net income$2.17B$1.22B—$1.74B$2.19B$1.05B—$-330M
EPS (diluted)$2.27$1.28—$1.84$2.31$1.12—$-0.36

Balance sheet (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Cash & equivalents$7.17B$10.82B$13.59B$11.57B$11.94B$11.04B$13.95B$13.20B
Inventory$1.75B$1.48B$1.22B$1.40B$1.25B$1.43B$1.29B$1.37B
Total current assets$28.40B$31.91B$36.94B$32.74B$34.25B$35.34B$34.48B$30.54B
Total assets$152.10B$156.23B$151.88B$146.31B$148.59B$145.67B$137.18B$134.34B
Long-term debt$56.21B$57.71B$54.84B$55.17B$55.22B$56.37B$49.88B$52.98B
Total liabilities$117.56B$123.17B$119.14B$118.32B$121.00B$118.71B$109.78B$109.81B
Total equity$34.45B$33.06B$32.65B$27.91B$27.59B$26.95B$27.31B$24.53B

Implied volatility — last 90 days

32%55%79%102%126% Jun 07 — IV 57% · EM ±5.4%Jun 08 — IV 52% · EM ±4.3%Jun 09 — IV 57% · EM ±4.1%Jun 10 — IV 57% · EM ±3.4%Jun 11 — IV 54% · EM ±2.2%Jun 15 — IV 48% · EM ±3.5%Jun 16 — IV 52% · EM ±3.1%Jun 17 — IV 51% · EM ±2.1%Jun 19 — IV 41% · EM ±4.5%Jun 22 — IV 61% · EM ±5.1%Jun 23 — IV 54% · EM ±3.9%Jun 24 — IV 50% · EM ±3.0%Jun 25 — IV 53% · EM ±2.2%Jun 29 — IV 53% · EM ±11.1%Jun 30 — IV 55% · EM ±11.3%Jul 01 — IV 55% · EM ±11.0%Jul 02 — IV 58% · EM ±11.3%Jul 03 — IV 59% · EM ±11.2%Jul 06 — IV 60% · EM ±10.7%Jul 07 — IV 62% · EM ±10.7%Jul 08 — IV 62% · EM ±10.4%Jul 09 — IV 61% · EM ±9.9%Jul 10 — IV 59% · EM ±9.2%Jul 13 — IV 66% · EM ±9.1%Jul 14 — IV 76% · EM ±10.0%Jul 15 — IV 65% · EM ±8.1%Jul 16 — IV 60% · EM ±7.1%Jul 17 — IV 63% · EM ±6.9%Jul 20 — IV 75% · EM ±6.3%Jul 21 — IV 85% · EM ±6.2%Jul 22 — IV 126% · EM ±7.4%Jul 23 — IV 52% · EM ±2.2%Jul 27 — IV 47% · EM ±3.9%Jul 28 — IV 51% · EM ±3.7%Jul 29 — IV 50% · EM ±3.0%Jul 30 — IV 46% · EM ±1.9%Aug 03 — IV 47% · EM ±3.9%Aug 04 — IV 50% · EM ±3.6%Aug 05 — IV 43% · EM ±2.5%Aug 06 — IV 43% · EM ±1.8%Aug 10 — IV 37% · EM ±3.1%Aug 11 — IV 39% · EM ±2.8%Aug 12 — IV 35% · EM ±2.1%Aug 13 — IV 38% · EM ±1.6%Aug 17 — IV 37% · EM ±3.1%Aug 18 — IV 36% · EM ±2.6%Aug 19 — IV 36% · EM ±2.1%Aug 20 — IV 37% · EM ±1.5%Aug 24 — IV 38% · EM ±3.2%Aug 25 — IV 38% · EM ±2.7%Aug 26 — IV 37% · EM ±2.2%Aug 27 — IV 37% · EM ±1.5%Aug 31 — IV 33% · EM ±2.8%Sep 01 — IV 37% · EM ±2.7%Sep 02 — IV 35% · EM ±2.0%Sep 03 — IV 32% · EM ±1.4%Sep 07 — IV 36% · EM ±3.0%Sep 08 — IV 37% · EM ±2.7%Sep 09 — IV 48% · EM ±2.8%Sep 10 — IV 44% · EM ±1.8%Sep 14 — IV 40% · EM ±3.4%Sep 15 — IV 41% · EM ±3.0%Sep 16 — IV 41% · EM ±2.4%Sep 17 — IV 38% · EM ±1.6%Sep 21 — IV 39% · EM ±3.2%Sep 22 — IV 37% · EM ±2.7%Sep 23 — IV 38% · EM ±2.2%Sep 24 — IV 35% · EM ±1.5%Sep 28 — IV 48% · EM ±10.1%Sep 29 — IV 47% · EM ±9.6%Sep 30 — IV 47% · EM ±9.5%Oct 01 — IV 49% · EM ±9.6%Oct 02 — IV 48% · EM ±9.1%Oct 06 — IV 49% · EM ±8.5%Oct 07 — IV 48% · EM ±8.1%Oct 08 — IV 53% · EM ±8.5%

Sector peers

DELL
Dell Technologies Inc.
$334.7B $452.95-1.9%
SMCI
Super Micro Computer, Inc.
$29.5B $33.72+3.9%
HPQ
HP Inc.
$28.8B $33.76+8.2%
OMCL
Omnicell, Inc.
$1.6B $37.10+1.7%
XNDU
Xanadu Quantum Technologies Limited
$1.4B $2.71-4.9%
OSS
One Stop Systems, Inc.
$198M $5.91-2.5%

IBM earnings FAQ

What is IBM's expected move for earnings?

Options currently price a move of about ±8.5%, or $21.47 per share either way from $252.11.

How does IBM stock usually react to earnings?

Across the last 6 reports the average next-day move was ±4.8%, up 2 times and down 4 times.

What is IBM's implied volatility?

IBM's at-the-money implied volatility is about 53% based on the latest options snapshot.

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