International Business Machines (IBM) Earnings Analysis
International Business Machines (IBM) reported results in line with expectations in Q2 FY2026 on revenue of $17.2B versus the $17.5B estimate (+1.1% YoY) and EPS of $2.93. The next International Business Machines (IBM) earnings date is Oct 21, 2026. Below is the full International Business Machines earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
International Business Machines (IBM) Earnings Analysis — key stats
Next earnings date
Oct 21, 2026
Latest reported quarter
Q2 FY2026
Earnings verdict
In line
EPS beat rate
7 of last 8 (quarters above estimate)
Avg next-day move
±6.3% (over the last 8 reports)
Post-earnings direction
Up 3 / Down 5 (of the last 8 reports)
Implied move (next report)
±13.8% (options-derived · into Oct 21, 2026)
Institutional ownership
53.7% (13F as of 2026-06-30)
Top 10 holders
33.8% (of shares outstanding)
Insider activity
8 buys / 4 sells (recent Form 4 filings)
Revenue
$17.2B (vs $17.5B est · -1.7% surprise · +1.1% YoY)
EPS
$2.93 (vs $2.93 est · +0.0% surprise · -2.5% YoY)
Share price
$234.32 (-1.2%)
Market cap
$220.8B
International Business Machines (IBM) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q3 FY2026
$17.2B vs $17.5B est
$2.93 vs $2.93 est
+0.0%
-1.8%
In line
Q2 FY2026
$15.9B vs $15.6B est
$1.91 vs $1.81 est
+5.5%
-9.6%
Mixed
Q1 FY2026
$19.7B vs $19.2B est
$4.52 vs $4.31 est
+4.9%
+5.2%
Beat
Q4 FY2025
$16.3B vs $16.1B est
$2.65 vs $2.45 est
+8.2%
+1.0%
Mixed
Q3 FY2025
$17.0B vs $16.6B est
$2.80 vs $2.65 est
+5.7%
-7.6%
Beat
Q2 FY2025
$14.5B vs $14.4B est
$1.60 vs $1.42 est
+12.7%
-4.8%
Mixed
Q1 FY2025
$17.6B vs $17.6B est
$3.92 vs $3.77 est
+4.0%
+14.5%
Mixed
Q4 FY2024
$15.0B vs $15.1B est
$2.30 vs $2.22 est
+3.6%
-6.0%
Mixed
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Blackrock, INC.
8.2%
76.8M
$21.6B
-1.0%
Vanguard Capital Management LLC
6.5%
61.4M
$17.3B
+0.9%
State Street Corp
6.0%
56.0M
$15.8B
+2.7%
Undisclosed filer
3.0%
28.3M
$8.0B
+2.5%
Geode Capital Management, LLC
2.5%
23.4M
$6.6B
+1.6%
Morgan Stanley
1.9%
17.5M
$4.9B
-11.1%
Capital World Investors
1.7%
16.2M
$4.6B
-5.0%
Bank Of America Corp /De/
1.6%
15.0M
$4.2B
-6.7%
Jpmorgan Chase & CO
1.3%
12.4M
$3.5B
-32.9%
Northern Trust Corp
1.1%
10.2M
$2.9B
-0.7%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
Robinson Anne
officer: Senior Vice President
2026-07-01
Buy
6K
—
Robinson Anne
officer: Senior Vice President
2026-07-01
Buy
1K
—
Robinson Anne
officer: Senior Vice President
2026-07-01
Sell
781
$223932
Robinson Anne
officer: Senior Vice President
2026-07-01
Sell
3K
$933003
Robinson Anne
officer: Senior Vice President
2026-07-01
Sell
6K
—
Robinson Anne
officer: Senior Vice President
2026-07-01
Sell
1K
—
Laguarta Ramon
director
2026-06-30
Buy
325
—
ZOLLAR ALFRED W
director
2026-06-30
Buy
325
—
What you'll find
Next International Business Machines (IBM) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment International Business Machines reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in International Business Machines (IBM)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is International Business Machines's next earnings date?
International Business Machines's (IBM) next scheduled earnings date is Oct 21, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did International Business Machines (IBM) beat or miss earnings?
In Q2 FY2026, International Business Machines (IBM) posted in-line results — revenue of $17.2B versus the $17.5B estimate (-1.7% surprise) and EPS of $2.93 versus $2.93 expected (+0.0% surprise). Magnisto decodes every International Business Machines (IBM) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does International Business Machines beat earnings estimates?
Over its last 8 reported quarters, International Business Machines (IBM) beat Wall Street EPS estimates 7 times, most recently a in-line result in Q3 FY2026. Magnisto tracks every International Business Machines (IBM) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does International Business Machines stock move after earnings?
Over its last 8 quarterly reports, International Business Machines (IBM) moved an average of ±6.3% the day after earnings — ranging from -9.6% (Q2 FY2026) to +14.5% (Q1 FY2025). The stock rose after 3 of those 8 reports and fell after 5. Heading into its next report on Oct 21, 2026, options-implied volatility is pricing in a move of roughly ±13.8% (derived). Magnisto tracks the realized post-earnings move for every International Business Machines (IBM) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of International Business Machines?
Institutions hold about 53.7% of International Business Machines's (IBM) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Blackrock, INC. (8.2%), Vanguard Capital Management LLC (6.5%), State Street Corp (6.0%). Magnisto lists International Business Machines's (IBM) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling International Business Machines (IBM)?
In the most recent Form 4 filings Magnisto tracks, International Business Machines (IBM) insiders recorded 8 purchases and 4 sales — net buying. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for International Business Machines (IBM) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for International Business Machines (IBM), anchored to the current $234.32 share price, so you can weigh the bull, base and bear cases for International Business Machines side by side.
Is International Business Machines (IBM) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether International Business Machines fits your own thesis and risk profile. This is research, not investment advice.