International Business Machines (IBM) Projected to Post Quarterly Earnings on Wednesday

International Business Machines (NYSE:IBM) will likely be issuing its Q3 2026 results after the market closes on Wednesday, October 21st. Analysts expect International Business Machines to post earnings of $2.85 per share and revenue of $16.82 billion for the quarter. Individuals may review the information on the company’s upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Wednesday, October 21, 2026 at 5:00 PM ET.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.93. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The company had revenue of $17.16 billion during the quarter, compared to analyst estimates of $17.46 billion. During the same quarter last year, the business posted $2.80 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts expect International Business Machines to post $12.34 EPS for the current fiscal year and $13.21 EPS for the next fiscal year.

International Business Machines Trading Up 1.8%

NYSE IBM opened at $236.35 on Tuesday. International Business Machines has a 1-year low of $199.19 and a 1-year 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 $222.68 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 2.23 and a beta of 0.73. The firm’s fifty day simple moving average is $232.00 and its 200-day simple moving average is $243.59.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were given a dividend of $1.69 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $6.76 dividend on an annualized basis and a yield of 2.9%. International Business Machines’s dividend payout ratio (DPR) is presently 59.98%.

Insider Activity

In related news, SVP Robert Thomas sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total value of $5,758,000.00. Following the completion of the sale, the senior vice president directly owned 47,800 shares in the company, valued at approximately $11,009,296. This represents a 34.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Oppenheimer downgraded International Business Machines from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 15th. Robert W. Baird initiated coverage on International Business Machines in a research note on Tuesday, July 21st. They set a “neutral” rating and a $230.00 price target for the company. BMO Capital Markets cut their price target on International Business Machines from $270.00 to $230.00 and set a “market perform” rating for the company in a research note on Thursday, July 23rd. UBS Group reiterated a “neutral” rating on shares of International Business Machines in a report on Tuesday, October 13th. Finally, Argus lowered their price target on International Business Machines from $360.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $255.76.

International Business Machines News Summary

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

• Positive Sentiment: Analyst upgrade highlights software strength. IBM was upgraded to Strong Buy, with the software segment identified as the company’s primary revenue and profit engine. Hybrid Cloud and Automation are expected to grow faster than IBM overall, supported by Red Hat, acquisitions, partnerships and increased enterprise AI adoption. IBM: Software Segment The Key Breadwinner
• Positive Sentiment: Logiq Consulting acquisition expands IBM’s cybersecurity reach. The deal strengthens IBM’s cybersecurity capabilities and adds exposure to U.K. defense and other regulated industries, potentially supporting future consulting and security revenue. IBM’s Logiq Consulting Acquisition to Boost UK Cybersecurity Reach
• Neutral Sentiment: All eyes are on the October 21 earnings report. IBM’s results and outlook could determine whether the stock’s recent weakness is a buying opportunity, particularly if management demonstrates that software growth is accelerating in the second half of 2026. IBM Reports Oct. 21. Should You Buy the Stock 29% Below Its June Record?
• Neutral Sentiment: Options markets imply substantial post-earnings volatility. Contracts are pricing a potential move toward either $215 or $240, reflecting investor uncertainty following IBM’s sharp selloff after its previous quarterly report. IBM stock earnings preview: options market prices a move to $215 or $240
• Negative Sentiment: Organic software growth remains a concern. Although second-quarter software revenue increased 5%, organic growth was flat because the increase came from acquisitions. IBM’s 2026 target of 6%–8% software growth therefore depends on stronger performance later in the year. IBM Reports Oct. 21. Should You Buy the Stock 29% Below Its June Record?

International Business Machines Company Profile

International Business Machines Corporation (NYSE:IBM), commonly known as IBM, is a global technology and consulting company that helps organizations modernize their information technology and business operations. Its offerings include hybrid cloud solutions, artificial intelligence software and services, enterprise software, IT infrastructure, cybersecurity, data analytics, and technology consulting.

IBM provides products and services to businesses, governments, and other institutions across industries and regions worldwide.