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229.55 USD
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P/E
22.06
EPS
11.26
Yield
2.94%
Safety Score
81
P/B
6.79
ROE
34.46
Beta
0.71
Target Price
245.35 USD
International Business Machines Corporation logo

International Business Machines Corporation

🧾 Earnings Recap – Q2 2026

IBM’s shares declined 1.8% after earnings as investors digested a Q2 shortfall primarily driven by weakness in a CapEx-sensitive software segment, despite strength in recurring software revenue and infrastructure growth.

  • Total software revenue growth was restrained by a weaker CapEx-sensitive area, although approximately 80% of software revenue, which is recurring, delivered healthy growth.
  • Hybrid cloud and AI-related software remain strategic focus areas, with IBM emphasizing orchestration, data governance, and enterprise-grade AI operational control.
  • Infrastructure performance was mixed: mainframe (z17) refreshes hit record levels, supporting transaction volumes and resilience, while Distributed Infrastructure revenue surged 37%, driven by AI adoption and enterprise data growth.
  • New product introductions, such as a smaller LinuxONE system and the Lightwell open source security subscription, aim to address evolving client needs and expand addressable markets.
  • Despite the second quarter execution challenges, IBM continues investing aggressively in transformational areas like quantum computing and AI platform capabilities.
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1M 6M YTD 1Y 2Y 5Y Max
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Key Metrics
Earnings dateOct. 21, 2026
P/E22.06
EPS11.26
Book Value36.57
Price to Book6.79
Debt/Equity188.97
% Insiders0.105%
Growth
Revenue Growth0.01%
Earnings Growth-0.02%
Estimates
Forward P/E18.87
Forward EPS13.16
Target Mean Price245.35
Dividend
Dividend Yield2.94%
Annual dividends6.74 USD
Ex-Div. DateAug. 10, 2026
Payout58.83%
5y avg Yield4.46%

DCF Valuation

Tweak assumptions to recompute fair value for International Business Machines Corporation (IBM)
Currency: USD
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DCF Result
Fair Value (DCF)
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Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

International Business Machines Corporation Logo International Business Machines Corporation Analysis (IBM)

United States Information Technology Official Website Stock

Is International Business Machines Corporation a good investment? International Business Machines Corporation (IBM) is currently trading at 229.55 USD. Market analysts have a consensus price target of 245.35 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 22.06. This valuation is generally in line with the broader market.

Earnings Schedule: International Business Machines Corporation is expected to release its next earnings report on Oct. 21, 2026. The market consensus estimate for Forward EPS is 13.16.

For income investors, International Business Machines Corporation pays a dividend yield of 2.94%. With a payout ratio of 59%, the dividend appears sustainable.

Investor FAQ

Does International Business Machines Corporation pay a dividend?

Yes, it pays an annual dividend of 6.74 USD (2.94% yield).

What asset class is International Business Machines Corporation?

International Business Machines Corporation is classified as a Stock. You can compare it against 9 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be Oct. 21, 2026. The company currently has a trailing EPS of 11.26.

Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers hybrid cloud and AI platforms that allow clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment delivers strategy and technology services and intelligent operations, providing business transformation, technology implementation, managed services, application modernization, and AI-powered solutions. The Infrastructure segment provides on-premises and cloud-based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment. The Financing segment offers client and commercial financing, and facilitates IBM clients' acquisition of hardware, software, and services. It operates a data streaming platform. The company has strategic partnerships with various companies, including hyperscalers, service providers, global system integrators, and software and hardware vendors that include Adobe, Amazon Web Services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others. It also has a strategic collaboration with Arm Holdings plc for the development of new dual-architecture hardware that helps enterprises run future AI and data intensive workloads; strategic partnership with three.ws to advance ai-powered 3d agent technology; and collaboration with Lightwell to help strengthen open source software supply chain. Additionally, it offers operational resilience, logistics, and future-ready technology to the UK Ministry of Defence through Team ORION. The company was formerly known as Computing-Tabulating-Recording Co. and changed its name to International Business Machines Corporation in 1924. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.

Exchange Ticker
BUE (Argentina) IBM.BA
FRA (Germany) IBM.F
SGO (Chile) IBM.SN
NYQ (United States) IBM
GER (Germany) IBM.DE
LSE (United Kingdom) IBM.L
MEX (Mexico) IBM.MX
VIE (Austria) IBM.VI
SAO (Brazil) IBMB34.SA
Trades
Dividend Yield
2.94%
5y avg 4.46%
Annual Dividends
6.74USD
Next Ex. Div Date
Aug. 10, 2026
Payout Ratio
58.83%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
▸2027
3.43 USD
June 10, 2027 (estimated) 1.7198
March 10, 2027 (estimated) 1.7097
▸2026
6.77 USD
Dec. 10, 2026 (estimated) 1.7097
Sept. 10, 2026 1.6900
June 10, 2026 1.6900
March 10, 2026 1.6800
▸2025
6.71 USD
Dec. 10, 2025 1.6800
Sept. 10, 2025 1.6800
June 10, 2025 1.6800
March 10, 2025 1.6700
▸2024
6.67 USD
Dec. 10, 2024 1.6700
Sept. 10, 2024 1.6700
June 10, 2024 1.6700
March 9, 2024 1.6600
▸2023
6.63 USD
Dec. 9, 2023 1.6600
Sept. 9, 2023 1.6600
June 10, 2023 1.6600
March 10, 2023 1.6500
▸2022
6.59 USD
Dec. 10, 2022 1.6500
Sept. 10, 2022 1.6500
June 10, 2022 1.6500
March 10, 2022 1.6400
▸2021
6.33 USD
Dec. 10, 2021 1.6400
Sept. 10, 2021 1.5679
June 10, 2021 1.5679
March 10, 2021 1.5583
▸2020
6.22 USD
Dec. 10, 2020 1.5583
Sept. 10, 2020 1.5583
June 10, 2020 1.5583
March 10, 2020 1.5488
▸2019
6.15 USD
Dec. 10, 2019 1.5488
Sept. 10, 2019 1.5488
June 10, 2019 1.5488
March 9, 2019 1.5010
▸2018
5.94 USD
Dec. 10, 2018 1.5010
Sept. 10, 2018 1.5010
June 9, 2018 1.5010
March 10, 2018 1.4340
▸2017
5.64 USD
Dec. 9, 2017 1.4340
Sept. 9, 2017 1.4340
June 10, 2017 1.4340
March 10, 2017 1.3384
▸2016
5.26 USD
Dec. 10, 2016 1.3384
Sept. 10, 2016 1.3384
June 10, 2016 1.3384
March 10, 2016 1.2428
▸2015
4.78 USD
Dec. 10, 2015 1.2428
Sept. 10, 2015 1.2428
June 10, 2015 1.2428
March 10, 2015 1.0516
▸2014
4.06 USD
Dec. 10, 2014 1.0516
Sept. 10, 2014 1.0516
June 10, 2014 1.0516
March 10, 2014 0.9082
▸2013
3.54 USD
Dec. 10, 2013 0.9082
Sept. 10, 2013 0.9082
June 10, 2013 0.9082
March 9, 2013 0.8126
▸2012
3.15 USD
Dec. 10, 2012 0.8126
Sept. 10, 2012 0.8126
June 9, 2012 0.8126
March 10, 2012 0.7170
▸2011
2.77 USD
Dec. 10, 2011 0.7170
Sept. 10, 2011 0.7170
June 10, 2011 0.7170
March 10, 2011 0.6214
▸2010
2.39 USD
Dec. 10, 2010 0.6214
Sept. 10, 2010 0.6214
June 10, 2010 0.6214
March 10, 2010 0.5258
▸2009
2.06 USD
Dec. 10, 2009 0.5258
Sept. 10, 2009 0.5258
June 10, 2009 0.5258
March 10, 2009 0.4780
▸2008
1.82 USD
Dec. 10, 2008 0.4780
Sept. 10, 2008 0.4780
June 10, 2008 0.4780
March 10, 2008 0.3824
▸2007
1.43 USD
Dec. 10, 2007 0.3824
Sept. 10, 2007 0.3824
June 9, 2007 0.3824
March 10, 2007 0.2868
▸2006
1.05 USD
Dec. 9, 2006 0.2868
Sept. 9, 2006 0.2868
June 10, 2006 0.2868
March 10, 2006 0.1912
▸2005
0.75 USD
Dec. 10, 2005 0.1912
Sept. 10, 2005 0.1912
June 10, 2005 0.1912
March 10, 2005 0.1721
▸2004
0.67 USD
Dec. 10, 2004 0.1721
Sept. 10, 2004 0.1721
June 10, 2004 0.1721
March 10, 2004 0.1530
▸2003
0.60 USD
Dec. 10, 2003 0.1530
Sept. 10, 2003 0.1530
June 10, 2003 0.1530
March 10, 2003 0.1434
▸2002
0.56 USD
Dec. 10, 2002 0.1434
Sept. 10, 2002 0.1434
June 10, 2002 0.1434
March 9, 2002 0.1338
▸2001
0.53 USD
Dec. 10, 2001 0.1338
Sept. 10, 2001 0.1338
June 9, 2001 0.1338
March 10, 2001 0.1243
▸2000
0.49 USD
Dec. 9, 2000 0.1243
Sept. 9, 2000 0.1243
June 10, 2000 0.1243
March 10, 2000 0.1147
▸1999
0.69 USD
Dec. 10, 1999 0.1147
Sept. 10, 1999 0.1147
June 10, 1999 0.2400
March 10, 1999 0.2200
▸1998
0.86 USD
Dec. 10, 1998 0.2200
Sept. 10, 1998 0.2200
June 10, 1998 0.2200
March 10, 1998 0.2000
▸1997
1.15 USD
Dec. 10, 1997 0.2000
Sept. 10, 1997 0.2000
June 10, 1997 0.4000
March 10, 1997 0.3500
▸1996
1.30 USD
Dec. 10, 1996 0.3500
Sept. 10, 1996 0.3500
June 10, 1996 0.3500
March 9, 1996 0.2500
▸1995
1.00 USD
Dec. 9, 1995 0.2500
Sept. 9, 1995 0.2500
June 10, 1995 0.2500
March 10, 1995 0.2500
▸1994
1.00 USD
Dec. 10, 1994 0.2500
Sept. 10, 1994 0.2500
June 10, 1994 0.2500
March 10, 1994 0.2500
▸1993
1.58 USD
Dec. 10, 1993 0.2500
Sept. 10, 1993 0.2500
June 10, 1993 0.5400
March 10, 1993 0.5400
▸1992
4.84 USD
Dec. 10, 1992 1.2100
Sept. 10, 1992 1.2100
June 10, 1992 1.2100
March 10, 1992 1.2100
▸1991
4.84 USD
Dec. 10, 1991 1.2100
Sept. 10, 1991 1.2100
June 10, 1991 1.2100
March 9, 1991 1.2100
▸1990
4.84 USD
Dec. 10, 1990 1.2100
Sept. 10, 1990 1.2100
June 9, 1990 1.2100
March 10, 1990 1.2100
▸1989
4.73 USD
Dec. 9, 1989 1.2100
Sept. 9, 1989 1.2100
June 10, 1989 1.2100
March 10, 1989 1.1000
▸1988
4.40 USD
Dec. 10, 1988 1.1000
Sept. 10, 1988 1.1000
June 10, 1988 1.1000
March 10, 1988 1.1000
▸1987
4.40 USD
Dec. 10, 1987 1.1000
Sept. 10, 1987 1.1000
June 10, 1987 1.1000
March 10, 1987 1.1000
▸1986
4.40 USD
Dec. 10, 1986 1.1000
Sept. 10, 1986 1.1000
June 10, 1986 1.1000
March 10, 1986 1.1000
▸1985
4.40 USD
Dec. 10, 1985 1.1000
Sept. 10, 1985 1.1000
June 10, 1985 1.1000
March 9, 1985 1.1000
▸1984
4.10 USD
Dec. 10, 1984 1.1000
Sept. 10, 1984 1.1000
June 9, 1984 0.9500
March 10, 1984 0.9500
▸1983
3.71 USD
Dec. 10, 1983 0.9500
Sept. 10, 1983 0.9500
May 5, 1983 0.9500
Feb. 3, 1983 0.8600
▸1982
3.44 USD
Nov. 4, 1982 0.8600
Aug. 5, 1982 0.8600
May 6, 1982 0.8600
Feb. 4, 1982 0.8600
▸1981
3.44 USD
Nov. 4, 1981 0.8600
Aug. 6, 1981 0.8600
May 7, 1981 0.8600
Feb. 5, 1981 0.8600
▸1980
3.44 USD
Nov. 5, 1980 0.8600
Aug. 7, 1980 0.8600
May 8, 1980 0.8600
Feb. 6, 1980 0.8600
▸1979
8.60 USD
Nov. 7, 1979 0.8600
Aug. 8, 1979 0.8600
May 4, 1979 3.4400
Feb. 7, 1979 3.4400
▸1978
11.52 USD
Nov. 1, 1978 2.8800
Aug. 3, 1978 2.8800
May 4, 1978 2.8800
Feb. 3, 1978 2.8800
▸1977
10.00 USD
Nov. 2, 1977 2.5000
Aug. 4, 1977 2.5000
May 5, 1977 2.5000
Feb. 3, 1977 2.5000
▸1976
8.00 USD
Nov. 4, 1976 2.2500
Aug. 5, 1976 2.2500
May 6, 1976 1.7500
Feb. 5, 1976 1.7500
▸1975
6.50 USD
Nov. 5, 1975 1.7500
Aug. 7, 1975 1.7500
May 8, 1975 1.5000
Feb. 6, 1975 1.5000
▸1974
5.56 USD
Nov. 6, 1974 1.5000
Aug. 8, 1974 1.5000
May 8, 1974 1.2800
Feb. 6, 1974 1.2800
▸1973
5.04 USD
Nov. 8, 1973 1.1200
Aug. 8, 1973 1.1200
May 4, 1973 1.4000
Feb. 7, 1973 1.4000
▸1972
5.40 USD
Nov. 8, 1972 1.3500
Aug. 3, 1972 1.3500
May 4, 1972 1.3500
Feb. 3, 1972 1.3500
▸1971
5.20 USD
Nov. 5, 1971 1.3000
Aug. 6, 1971 1.3000
May 7, 1971 1.3000
Feb. 5, 1971 1.3000
▸1970
3.60 USD
Oct. 30, 1970 1.2000
July 31, 1970 1.2000
May 1, 1970 1.2000
▸1969
0.17 USD
Nov. 6, 1969 0.0478
Aug. 1, 1969 0.0478
May 2, 1969 0.0382
Feb. 6, 1969 0.0382
▸1968
0.09 USD
Aug. 2, 1968 0.0311
May 3, 1968 0.0311
Feb. 5, 1968 0.0311
▸1967
0.03 USD
Nov. 3, 1967 0.0263
Aug. 7, 1967 0.0026
May 1, 1967 0.0026
Feb. 6, 1967 0.0026
▸1966
0.01 USD
Nov. 3, 1966 0.0026
Aug. 9, 1966 0.0026
May 24, 1966 0.0026
Feb. 8, 1966 0.0024
▸1965
0.01 USD
Nov. 1, 1965 0.0024
Aug. 3, 1965 0.0024
May 4, 1965 0.0024
Feb. 2, 1965 0.0024
▸1964
0.01 USD
Nov. 2, 1964 0.0020
Aug. 4, 1964 0.0020
May 25, 1964 0.0020
Feb. 4, 1964 0.0016
▸1963
0.01 USD
Nov. 4, 1963 0.0016
Aug. 6, 1963 0.0013
May 7, 1963 0.0013
Feb. 5, 1963 0.0013
▸1962
0.00 USD
Nov. 5, 1962 0.0010
Aug. 7, 1962 0.0010
May 8, 1962 0.0010
Feb. 6, 1962 0.0010
Upcoming Dividends
Name Payment Date Status Amount
International Business Machines Corporation Sep 10, 2026 1.69 USD
International Business Machines Corporation Jun 10, 2026 1.69 USD
International Business Machines Corporation Mar 10, 2026 1.68 USD
International Business Machines Corporation Dec 10, 2025 1.68 USD
Stock Splits
Split Date Split Ratio to 1
May 29, 1973 1.25
June 1, 1979 4:1
May 28, 1997 2:1
May 27, 1999 2:1
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