International Business Machines (IBM) Expected to Release Earnings on Wednesday

Key Points

• IBM is expected to report Q3 2026 results on October 21 after market close, with analysts forecasting earnings of $2.86 per share and revenue of $16.82 billion.
• In the prior quarter, IBM reported $2.93 EPS and $17.16 billion in revenue; analysts expect full-year EPS of $12.33. The company also pays a $1.69 quarterly dividend, representing a 2.9% yield.
• Analyst sentiment is mixed: RBC maintained an “outperform” rating with a $270 target, while the broader consensus is “Hold” with an average target of $252.96. IBM’s quantum-computing initiatives provide strategic upside, but modest growth and relatively high leverage remain concerns.

International Business Machines (NYSE:IBM - Get Free Report) is expected to be announcing its Q3 2026 results after the market closes on Wednesday, October 21st. Analysts expect International Business Machines to announce earnings of $2.86 per share and revenue of $16.82 billion for the quarter. Individuals can check the company's upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Wednesday, October 21, 2026 at 5:00 PM ET.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, hitting analysts' consensus estimates of $2.93. The business had revenue of $17.16 billion for the quarter, compared to analysts' expectations of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.80 earnings per share. On average, analysts expect International Business Machines to post $12.33 EPS for the current fiscal year and $13.20 EPS for the next fiscal year.

International Business Machines Price Performance

Shares of IBM stock opened at $230.76 on Wednesday. International Business Machines has a twelve month low of $199.19 and a twelve month high of $332.46. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $217.41 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 2.16 and a beta of 0.73. The firm has a fifty day simple moving average of $232.22 and a 200-day simple moving average of $243.77.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were paid a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, August 10th. International Business Machines's dividend payout ratio is 59.98%.

Trending Headlines about International Business Machines

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

• Positive Sentiment: Royal Bank of Canada reaffirmed its “outperform” rating and set a $270 price target, implying meaningful upside from recent trading levels. The endorsement may support IBM shares by reinforcing the view that the company’s valuation does not fully reflect its cloud, software and AI opportunities. RBC IBM rating report
• Positive Sentiment: IBM and IonQ advanced to Stage C of DARPA’s Quantum Benchmarking Initiative. IBM’s participation strengthens its positioning in quantum computing and could create longer-term commercial and government opportunities, although near-term revenue benefits remain uncertain. DARPA quantum computing stocks article
• Positive Sentiment: Several comparisons frame IBM as an attractive retirement-oriented technology stock because of its established, diversified revenue base and dividend yield of roughly 3%. That income profile may appeal to investors seeking stability despite IBM’s weaker recent market sentiment. Cisco versus IBM retirement stock comparison
• Neutral Sentiment: IBM was highlighted in multiple quantum-computing reports, including coverage of new tools and DARPA’s finalist selections. The developments improve IBM’s strategic narrative, but the sector faces an expected shakeout and the timing of meaningful profits is unclear. Quantum computing stocks and DARPA article
• Negative Sentiment: Truist Securities initiated coverage with a “hold” rating, limiting the impact of more bullish analyst commentary and signaling caution about IBM’s valuation or growth outlook. Truist IBM coverage article
• Negative Sentiment: Comparative analysis notes that IBM’s diversified business comes with substantially more leverage than faster-growing peers, while recent quarterly revenue growth has been modest. Those factors could constrain upside even as the dividend supports the stock. Arista Networks versus IBM comparison

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Royal Bank Of Canada restated an "outperform" rating and issued a $270.00 price target on shares of International Business Machines in a research note on Tuesday. Wall Street Zen downgraded shares of International Business Machines from a "hold" rating to a "sell" rating in a research note on Saturday, September 12th. Stifel Nicolaus decreased their price objective on shares of International Business Machines from $290.00 to $235.00 and set a "buy" rating for the company in a report on Monday, July 20th. Piper Sandler raised shares of International Business Machines to an "overweight" rating in a report on Tuesday, June 23rd. Finally, Craig Hallum assumed coverage on shares of International Business Machines in a research report on Wednesday, August 19th. They issued a "buy" rating for the company. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $252.96.

Insider Transactions at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of the company's stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the completion of the transaction, the senior vice president directly owned 47,800 shares in the company, valued at $11,009,296. This represents a 34.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is owned by corporate insiders.

International Business Machines Company Profile

International Business Machines Corporation NYSE: IBM, commonly known as IBM, is a global technology company that provides hybrid cloud, artificial intelligence, software, consulting and infrastructure solutions. Its offerings help businesses and government organizations manage data, modernize applications, automate processes and improve cybersecurity.

IBM's portfolio includes the Red Hat hybrid cloud platform, the watsonx suite of artificial intelligence and data tools, consulting services, and enterprise software for areas such as automation, application management, security and asset management.

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