INTERNATIONAL BUSINESS MACHINES CORP
Close on Oct 19, 2026
- Market cap
- $225.34B
- P/E (TTM)
- 21.0
- Dividend yield
- 2.84%
Earnings
Next report expected Oct 21, 2026, after market close (estimated from past report dates)
| Quarter | Reported | Time | Revenue | EPS (GAAP) | EPS (adjusted) |
|---|---|---|---|---|---|
| Q2 FY2026 Ended Jun 30, 2026 | Jul 14, 2026 | Before market open | $17.20B | $2.27 | $2.93 |
| Q1 FY2026 Ended Mar 31, 2026 | Apr 22, 2026 | After market close | $15.90B | $1.28 | – |
| Q4 FY2025 Ended Dec 31, 2025 | Jan 28, 2026 | After market close | $19.70B | $5.86 | – |
| Q3 FY2025 Ended Sep 30, 2025 | Oct 22, 2025 | After market close | $16.30B | $1.84 | $2.65 |
| Q2 FY2025 Ended Jun 30, 2025 | Jul 23, 2025 | After market close | – | – | – |
| Q1 FY2025 Ended Mar 31, 2025 | Apr 23, 2025 | After market close | – | – | – |
| Q4 FY2024 Ended Dec 31, 2024 | Jan 29, 2025 | After market close | – | – | – |
| Q3 FY2024 Ended Sep 30, 2024 | Oct 23, 2024 | After market close | – | – | – |
| Q2 FY2024 Ended Jun 30, 2024 | Jul 24, 2024 | After market close | – | – | – |
| Q1 FY2024 Ended Mar 31, 2024 | Apr 24, 2024 | After market close | – | – | – |
| Q4 FY2023 Ended Dec 31, 2023 | Jan 24, 2024 | After market close | – | – | – |
Company guidance
Outlook given with results on Apr 22, 2026, compared with the previous outlook
| Measure | Period | Guidance | vs. prior |
|---|---|---|---|
| free cash flow to increase | full-year | $1.00B | New |
| constant currency revenue growthnon-GAAP | full-year | 5% growth | Maintained |
Figures and the sentence they come from are taken from the company's earnings release. Hover a measure to read the source sentence.
Press releases
Announcements International Business Machines filed with the SEC
Company provides updated full-year expectations
Results of operations · EX-99.1 to Form 8-K
Non-GAAP Metrics and Other Financial Information
Results of operations · EX-99.2 to Form 8-K
Arvind Krishna's Letter to IBM Investors
Results of operations · Regulation FD disclosure · EX-99.1 to Form 8-K
Operating (non-GAAP) Earnings Per Share and Related Income Statement Items
Results of operations · Regulation FD disclosure · EX-99.2 to Form 8-K
Double-digit Software and Infrastructure revenue growth; Strong margin expansion and double-digit profit and free cash flow growth
Results of operations · EX-99.1 to Form 8-K
Non-GAAP Metrics and Other Financial Information
Results of operations · EX-99.2 to Form 8-K
Strong, broad-based performance, led by double-digit Software and Infrastructure growth; Double-digit growth in full-year profit and free cash flow
Results of operations · EX-99.1 to Form 8-K
Non-GAAP Metrics and Other Financial Information
Results of operations · EX-99.2 to Form 8-K
EX-99.1 to Form 8-K
Regulation FD disclosure · EX-99.1 to Form 8-K
October 22, 2025 ibm.com/investor 3Q 2025 Earnings Exhibit 99.2
Regulation FD disclosure · EX-99.2 to Form 8-K
Acceleration in revenue growth and profit across all segments; Raises outlook for full-year revenue growth and free cash flow
Results of operations · EX-99.1 to Form 8-K
Non-GAAP Metrics and Other Financial Information
Results of operations · EX-99.2 to Form 8-K
EX-99.1 to Form 8-K
Regulation FD disclosure · EX-99.1 to Form 8-K
July 23, 2025 ibm.com/investor 2Q 2025 Earnings Exhibit 99.2
Regulation FD disclosure · EX-99.2 to Form 8-K
Results led by Software and Infrastructure revenue growth; Strong margin expansion; Raises outlook for profit and free cash flow
Results of operations · EX-99.1 to Form 8-K
Non-GAAP Metrics and Other Financial Information
Results of operations · EX-99.2 to Form 8-K
EX-99.1 to Form 8-K
Other events · EX-99.1 to Form 8-K
EX-99.1 to Form 8-K
Regulation FD disclosure · EX-99.1 to Form 8-K
April 23, 2025 ibm.com/investor 1Q 2025 Earnings Exhibit 99.2
Regulation FD disclosure · EX-99.2 to Form 8-K
Results exceed expectations driven by strong Software revenue growth, significant gross margin expansion and solid free cash flow
Results of operations · EX-99.1 to Form 8-K
Non-GAAP Metrics and Other Financial Information
Results of operations · EX-99.2 to Form 8-K
Exhibit 3: Reconciliation of 2024 Revenue Performance Recast Using 2025 Reported Revenue Category Structure Note: Items in bold reflect changes from previously reported results
Regulation FD disclosure · EX-99.1 to Form 8-K
IBM Investor Day 2025 Exhibit 99.1
Regulation FD disclosure · EX-99.1 to Form 8-K
Non-GAAP Metrics and Other Financial Information
Regulation FD disclosure · EX-99.2 to Form 8-K
EX-99.1 to Form 8-K
Regulation FD disclosure · EX-99.1 to Form 8-K
January 29, 2025 ibm.com/investor 4Q 2024 Earnings Exhibit 99.2
Regulation FD disclosure · EX-99.2 to Form 8-K
Double-digit Software revenue growth; Free cash flow well-exceeds full-year expectation
Results of operations · EX-99.1 to Form 8-K
Non-GAAP Metrics and Other Financial Information
Results of operations · EX-99.2 to Form 8-K
EX-99.1 to Form 8-K
Regulation FD disclosure · EX-99.1 to Form 8-K
EX-99.1 to Form 8-K
Regulation FD disclosure · EX-99.1 to Form 8-K
October 23, 2024 ibm.com/investor 3Q 2024 Earnings Exhibit 99.2
Regulation FD disclosure · EX-99.2 to Form 8-K
Accelerated Software revenue growth, expanded gross profit margin, and strong free cash flow
Results of operations · EX-99.1 to Form 8-K
Non-GAAP Metrics and Other Financial Information
Results of operations · EX-99.2 to Form 8-K
EX-99.1 to Form 8-K
Regulation FD disclosure · EX-99.1 to Form 8-K
July 24, 2024 ibm.com/investor 2Q 2024 Earnings Exhibit 99.2
Regulation FD disclosure · EX-99.2 to Form 8-K
Accelerated revenue growth led by Software; Raises full-year free cash flow expectation
Results of operations · EX-99.1 to Form 8-K
Non-GAAP Metrics and Other Financial Information
Results of operations · EX-99.2 to Form 8-K
EX-99.1 to Form 8-K
Regulation FD disclosure · EX-99.1 to Form 8-K
April 24, 2024 ibm.com/investor 1Q 2024 Earnings Exhibit 99.2
Regulation FD disclosure · EX-99.2 to Form 8-K
Accelerated Software revenue growth; Strong gross margin expansion and cash generation
Results of operations · EX-99.1 to Form 8-K