IBM
IBMPrevious close
257.81
Change
−0.47 / −0.18%
P/E (TTM) ?
21.7
Market Cap
$243B
1M
+17.22%
S&P 500 −0.91% over same period
Volume / Avg Volume
5.7M / 5.9M
0.97× average
Latest earnings analysisFY2026 Q3Reported 2026-10-21
IBM Q3 FY2026: revenue up 5.0% to $17.10 billion, non-GAAP EPS beats
IBM beat the operating EPS consensus: $2.95 against $2.8866 expected, on revenue of $17.10 billion, up 5.0%. The catch is quality. Pre-tax income rose only 3.0% while net income rose 26.0%, because the effective tax rate fell to 11.9% from 28.2%. Treat software growth and free cash flow as the durable part, and the tax benefit as the one-off.
Read the full analysis →Revenue$17.10BYoY +4.70%
EPS (non-GAAP)$2.95Beatest. $2.89
Next-day move+0.26%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q3 Quarter ended 2026-09 | 2026-10-21 | $17.1B | Read analysis → |
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-14 | $17.2B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-22 | $15.9B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-01-28 | $67.5B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-22 | $16.3B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-23 | $17.0B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-04-24 | $14.5B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 30 of its 5-year rangeCheap
5-year range 19.5 – 48.4 · Median 24.1
Last 4 quarters: $0 in buybacks + $6.3B in dividends, 2.61% of market cap combined
P/E (TTM)
21.7
P/B
6.8
P/S
3.5
Dividend Yield
4.28%
Earnings Reaction
Over the last 7 reports, the stock moved ±3.7% on average on the first trading day after, rising 3 times
Most recent +0.26%
Volatility & Correlation
1-year beta 0.82 · Correlation with S&P 500 0.22Tracks the market
Annualized volatility 48% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 1 · $5.8MNet selling $5.8M
- 08-26Thomas Robert DavidSenior Vice PresidentSell$5.8M25,000 shares · Avg price 230.32
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q3 | 17.10 | +4.7% | 56.8% | 2.19 | 2.30 |
| FY2026 Q2 | 17.16 | +1.1% | 57.7% | 2.17 | 2.27 |
| FY2026 Q1 | 15.92 | +9.5% | 56.2% | 1.22 | 1.28 |
| FY2025 Q4 | 19.69 | +12.2% | 60.6% | 5.60 | 5.90 |
| FY2025 Q3 | 16.33 | +9.1% | 57.3% | 1.74 | 1.84 |
| FY2025 Q2 | 16.98 | +7.7% | 58.8% | 2.19 | 2.31 |
| FY2025 Q1 | 14.54 | +0.5% | 55.2% | 1.06 | 1.12 |
| FY2024 Q4 | 17.55 | +1.0% | 59.5% | 2.91 | 3.11 |
| FY2024 Q3 | 14.97 | +1.5% | 56.3% | -0.33 | -0.36 |
| FY2024 Q2 | 15.77 | +1.9% | 56.8% | 1.83 | 1.96 |
| FY2024 Q1 | 14.46 | +1.5% | 53.5% | 1.61 | 1.72 |
| FY2023 Q4 | 17.38 | +4.1% | 59.1% | 3.29 | 3.57 |
| Ticker | P/E | Revenue YoY | Gross Margin | 1M | View |
|---|---|---|---|---|---|
| IBM | 21.7 | +4.7% | 56.8% | +17.22% | Neutral |
| NVDA | 25.8 | +105.9% | 75.0% | −10.39% | Bullish |
| AAPL | 39.3 | +16.4% | 50.1% | +3.49% | Bullish |
| MSFT | 27.2 | +18.8% | 67.8% | +1.76% | Bullish |
| AVGO | 40.4 | +85.5% | 69.1% | −7.15% | Bullish |
| MU | 11.8 | +379.3% | 86.8% | −16.93% | Bullish |
| AMD | 143.0 | +50.1% | 53.8% | −17.48% | Bullish |
| INTC | — | +20.9% | 43.0% | −45.30% | Bullish |
| PLTR | 156.5 | +92.8% | 84.7% | −1.57% | Bullish |