I IBM

International Business Machines Corp

INFORMATION TECHNOLOGY SERVICES · TECHNOLOGY

International Business Machines Corporation (IBM) is a premier multinational technology firm headquartered in Armonk, New York, operating in over 170 countries. Established in 1911, IBM has solidified its position as a leader in innovation, particularly in artificial intelligence, quantum computing,...

$264.20

+3.53% (+$9.00)

Volume 12.07M

52W High $324.90

52W Low $212.34

Market Cap $240.89B

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What to Watch This Quarter

Based on historical data

Consensus EPS

$3.03

Whisper EPS

$3.20

5.7% above consensus

Last Quarter

$1.91

Current Streak

8 Beats

Avg Surprise (4Q)

+6.18%

Next Earnings Report

Reports in 53 days

Report Date Jul 22, 2026

Whisper Spread +5.72%

Consensus Estimate

$3.03

Official analyst average

Whisper Number

$3.20

What traders expect

Bullish Sentiment: The whisper number is 5.7% above consensus, suggesting traders expect a strong beat. The stock may be priced for upside surprise.

Price Chart

EPS History: Consensus vs Actual

Last 12 quarters

Price Movement Around Earnings

Q1 2026 Apr 22, 2026

1-Day: -8.25%

5-Day: -9.45%

Q4 2025 Jan 28, 2026

1-Day: +5.13%

5-Day: +6.99%

Q3 2025 Oct 22, 2025

1-Day: -0.87%

5-Day: +8.90%

Q2 2025 Jul 23, 2025

1-Day: -7.62%

5-Day: -6.67%

Revenue & Financial Performance

Revenue Whisper

$16.33B

TWN Proprietary Estimate

Last Quarter Revenue

$15.92B

+9.5% YoY

Gross Margin

56.2%

Net Margin: 7.6%

Quarter	Revenue	YoY Growth	Gross Margin	Op Margin	Net Income
Q1'26	$15.92B	+9.5%	56.2%	8.5%	$1.22B
Q4'25	$19.69B	+12.2%	61.6%	21.2%	$5.60B
Q3'25	$16.33B	+9.1%	58.7%	16.3%	$1.74B
Q2'25	$16.98B	+7.7%	58.8%	18.2%	$2.19B
Q1'25	$14.54B	+0.6%	55.2%	12.1%	$1.06B
Q4'24	$17.55B	+1.0%	59.5%	22.2%	$2.91B
Q3'24	$14.97B	+1.5%	56.3%	14.6%	-$330.0M
Q2'24	$15.77B	+1.9%	56.8%	15.4%	$1.83B

Historical Earnings

Last 12 quarters

Quarter	Date	Consensus	Whisper	Actual EPS	Surprise %	Result
Q1 2026	Apr 22, 2026	$1.81	$1.92	$1.91	+5.52%	Met
Q4 2025	Jan 28, 2026	$4.29	$4.54	$4.52	+5.36%	Met
Q3 2025	Oct 22, 2025	$2.45	$2.57	$2.65	+8.16%	Beat
Q2 2025	Jul 23, 2025	$2.65	$2.80	$2.80	+5.66%	Met
Q1 2025	Apr 23, 2025	$1.43	$1.50	$1.60	+11.89%	Beat
Q4 2024	Jan 29, 2025	$3.78	$3.93	$3.92	+3.70%	Met
Q3 2024	Oct 23, 2024	$2.23	$2.32	$2.30	+3.14%	Missed
Q2 2024	Jul 24, 2024	$2.17	$2.26	$2.43	+11.98%	Beat
Q1 2024	Apr 24, 2024	$1.60	$1.68	$1.68	+5.00%	Met
Q4 2023	Jan 24, 2024	$3.78	$3.93	$3.87	+2.38%	Missed
Q3 2023	Oct 25, 2023	$2.13	$2.23	$2.20	+3.29%	Missed
Q2 2023	Jul 19, 2023	$2.00	$2.07	$2.18	+9.00%	Beat