International Business Machines (IBM) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• IBM will report Q1 2026 results after the market close on April 22, with analysts expecting EPS of $1.81 and revenue of about $15.60 billion; the earnings call is scheduled for 5:00 PM ET.
• IBM beat estimates in the prior quarter (Jan. 28) with EPS of $4.52 and revenue of $19.69 billion (up 12.2% YoY), and analysts forecast roughly $11 EPS for the current fiscal year and $12 for next year, supporting a consensus rating of Moderate Buy and a $307.63 consensus target.
• Market signals are mixed: the company pays a $1.68 quarterly dividend (≈2.8% yield) and insiders have recently bought shares, but a recent $17M DOJ settlement and some institutional trimming add potential headline and sentiment risk.

International Business Machines (NYSE:IBM - Get Free Report) is anticipated to announce its Q1 2026 results after the market closes on Wednesday, April 22nd. Analysts expect the company to announce earnings of $1.81 per share and revenue of $15.6014 billion for the quarter. Investors may review the information on the company's upcoming Q1 2026 earning report for the latest details on the call scheduled for Wednesday, April 22, 2026 at 5:00 PM ET.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.33 by $0.19. The business had revenue of $19.69 billion during the quarter, compared to analysts' expectations of $19.23 billion. International Business Machines had a return on equity of 38.15% and a net margin of 15.69%.The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.92 earnings per share. On average, analysts expect International Business Machines to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

International Business Machines Trading Up 1.0%

Shares of IBM stock opened at $240.28 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67. The stock has a market cap of $225.39 billion, a P/E ratio of 21.55, a price-to-earnings-growth ratio of 2.38 and a beta of 0.69. The stock has a 50 day simple moving average of $251.61 and a 200 day simple moving average of $282.58. International Business Machines has a 1 year low of $220.72 and a 1 year high of $324.90.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were paid a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, February 10th. International Business Machines's payout ratio is 60.27%.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, Director Michael Miebach bought 434 shares of the business's stock in a transaction on Wednesday, February 25th. The stock was purchased at an average cost of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the purchase, the director directly owned 434 shares of the company's stock, valued at approximately $101,265.22. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David N. Farr bought 1,000 shares of the business's stock in a transaction on Friday, January 30th. The shares were acquired at an average price of $304.00 per share, with a total value of $304,000.00. Following the completion of the purchase, the director directly owned 9,258 shares of the company's stock, valued at approximately $2,814,432. The trade was a 12.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 1,484 shares of company stock valued at $417,157 over the last 90 days. Corporate insiders own 0.27% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IBM. SWAN Capital LLC bought a new position in shares of International Business Machines in the 3rd quarter valued at $28,000. Greenline Wealth Management LLC bought a new position in shares of International Business Machines in the 4th quarter valued at $33,000. Quarry LP bought a new position in shares of International Business Machines in the 4th quarter valued at $41,000. Acumen Wealth Advisors LLC bought a new position in shares of International Business Machines in the 4th quarter valued at $44,000. Finally, Jessup Wealth Management Inc bought a new position in shares of International Business Machines in the 4th quarter valued at $52,000. 58.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on IBM shares. Evercore boosted their price target on International Business Machines from $330.00 to $345.00 and gave the company an "outperform" rating in a research note on Thursday, January 29th. Argus set a $360.00 price target on International Business Machines in a research note on Friday, January 30th. Jefferies Financial Group reiterated a "buy" rating on shares of International Business Machines in a research note on Monday, February 23rd. Erste Group Bank cut International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, February 18th. Finally, UBS Group upgraded International Business Machines from a "sell" rating to a "neutral" rating and set a $236.00 target price for the company in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $307.63.

International Business Machines News Roundup

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: Citi initiated coverage with a Buy and a $285 price target, providing a clear catalyst for upside and framing a near-term re-rating case. Why Citi Analysts Are Betting IBM Stock Can Gain Nearly 20% From Here
• Positive Sentiment: Bank of America sees IBM’s recently closed Confluent acquisition contributing roughly $50M to Q1 revenue and expects an in-line quarter with management able to offset near-term dilution—this reduces execution risk around upcoming results. IBM set for in-line Q1 as Confluent deal boosts outlook
• Positive Sentiment: Industry research and product moves highlight IBM as a key player in AI infrastructure and evaluation tooling, supporting longer-term growth opportunities in generative/responsible AI and storage innovations. AI Model Evaluation Platform Market Report
• Neutral Sentiment: Market commentary notes IBM “gained but lagged the market” today and remains a trending stock for retail attention—useful for gauging short-term momentum but not a directional driver by itself. Here's Why IBM Gained But Lagged the Market Today
• Neutral Sentiment: Some analysts retain neutral/hold stances (Morgan Stanley maintained a Hold), implying limited near-term re-rating potential despite beat/raise prospects. IBM: Near-Term Beat Potential but Limited Re-Rating Upside
• Negative Sentiment: IBM agreed to pay $17M to settle a DOJ probe into its DEI practices — a reputational/legal overhang that adds headline risk even if the cash amount is small relative to IBM’s market cap. IBM pays $17M fine to end DOJ suit over DEI programs
• Negative Sentiment: Prospera Financial’s 13F showed a roughly 50% cut to its IBM position (~$11.7M change), a small sign of institutional trimming that can pressure sentiment if others follow. Fund Update: Prospera Financial Services Inc Just Disclosed New Holdings
• Negative Sentiment: Some headlines highlighted sharp intraday swings and negative takes (e.g., coverage framing a big drop), underscoring volatility risk around analyst notes and media narratives. International Business Machines (IBM) Stock Tumbles 22% as Citi Analyst Sets $285 Price Target

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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