Inside the research

International Business Machines Corporation

IBM Research profile · latest available data

Price overview

$225.51

▼ -1.55 (-0.7%)

52w hi$326.89
52w lo$204.30
Vol4.14M
As of25 Sep 2026

The Verdict

Hold

Our score +0.15

Short-0.24
Medium+0.41
Long+0.39

computed 2026-09-27

Key fundamentals

International Business Machines Corporation

Technology · Information Technology Services

Market cap$212.46B
Enterprise value$269.69B
Trailing P/E20.05x
Forward P/E17.15x
EV / EBITDA16.37x
P / S (ttm)3.07x
Profit margin15.5%
Return on equity34.5%
Revenue growth+1.1%
Earnings growth-1.8%
Debt / equity188.97

Layer Breakdown

LayerRawContribution
Fundamental+0.18
Sector+0.19
Technical-0.09
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

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.

United States · www.ibm.com

Risk Metrics

Beta vs SPX0.78
Corr SPX0.31
Annual vol40.3%
Annual ret+10.2%
Sharpe0.25
Max DD-37.5%

Window: 504 trading days (504 obs)

Analyst Coverage

Mean PT$278.18
High / Low$335.00 / $195.00
Median$282.50
Analysts20
Strong Buy2
Buy10
Hold8
Sell0
Strong Sell1

Recent rating actions

2026-05-06Wedbush→ Outperform
2026-05-06RBC Capital→ Outperform
2026-04-28HSBC→ Hold
2026-04-23Wedbush→ Outperform
2026-04-23Morgan Stanley→ Equal-Weight
2026-04-23Evercore ISI Group→ Outperform

Officers & Board

DirectorAl Zollar since 2021
DirectorArvind Krishna since 2021
DirectorThomas Buberl since 2020
CEOArvind Krishna since 2020
DirectorF. William McNabb III since 2019
DirectorMartha Pollack since 2019
DirectorMichelle J. Howard since 2019
DirectorRick Waddell since 2017
DirectorJoe Swedish since 2017
DirectorPeter Voser since 2015
ChairGinni Rometty since 2014
DirectorAlex Gorsky since 2014
DirectorDavid Farr since 2012
DirectorAndrew Liveris since 2010
FounderThomas John Watson, Sr. current

Material Events

DateEvent8-K
2026-08-14Exhibitsread
2026-07-22Earnings Release, Exhibitsread
2026-07-14Earnings Release, Reg FD Disclosure…read
2026-06-23Material Agreement, Material Obligation…read
2026-05-28Reg FD Disclosureread
2026-05-01Officer / Director Change, Bylaws Amendment…read
2026-04-22Earnings Release, Exhibitsread
2026-03-03Bylaws Amendment, Exhibitsread
2026-02-02Exhibitsread
2026-01-30Officer / Director Change, Exhibitsread
2026-01-28Earnings Release, Exhibitsread
2025-10-23Reg FD Disclosure, Exhibitsread

Insider Trades

DateInsiderRoleActionSharesValue
2026-07-01Robinson AnneOfficer, Senior Vice PresOption exercise5.88K—
2026-07-01Robinson AnneOfficer, Senior Vice PresWithheld for tax3.25K$933.00K
2026-07-01Robinson AnneOfficer, Senior Vice PresOption exercise1.41K—
2026-07-01Robinson AnneOfficer, Senior Vice PresWithheld for tax781$223.93K

Flow & Concentration

Insider 180d net$0
Insider buys / sells0 / 0
Insider biasNeutral
13F holders0
Top-5 share0.0%
HHI0 (—)

Dividends

Yield (TTM)2.24%
$ / share (TTM)$5.05
5y CAGR+1.5%

Annual dividend per share

2021$6.33
2022$6.59
2023$6.63
2024$6.67
2025$6.71
2026$3.37

Federal Contracts

AmountAgencyDescription
$849.04MDepartment of DefenseNAVY ENTERPRISE RESOURCE PLANNING (ERP) TECHNICAL SUPPORT SERVICES (NETSS).
$621.72MDepartment of Veterans AffairsTHIS REQUIREMENT IS FOR THE CREATION, MAINTENANCE, ENFORCEMENT, ANALYSIS AND UPD
$525.45MSocial Security AdministrationTHE GOVERNMENT INTENDS TO ESTABLISH A SINGLE-AWARD DELIVERY ORDER BASE PLUS FOUR
$376.28MDepartment of Homeland SecurityUSCIS TRANSFORMATION PROGRAM SOLUTIONS ARCHITECT (SA)
$357.89MDepartment of Veterans AffairsBENEFITS TRANSFORMATION PLATFORM
$315.49MDepartment of DefenseIGF::OT::IGF GENERAL FUND ENTERPRISE SYSTEM (GFEBS) SUSTAINMENT AWARD
$310.38MDepartment of Veterans AffairsSUSTAINMENT, ENHANCEMENT AND TRANSITION SUPPORT OF VAS ENTERPRISE CORE HR SOLUTI
$226.73MGeneral Services AdministrationHUMAN RESOURCE INFORMATION SYSTEM (HRIS). IGF::OT::IGF

SEC Filings

DateFormDoc
2026-08-148-Kview
2026-08-11424B5view
2026-08-10424B3view
2026-07-2310-Qview
2026-07-228-Kview
2026-07-148-Kview
2026-07-024view
2026-07-024view
2026-07-024view
2026-07-024view
2026-07-024view
2026-07-024view
2026-07-024view
2026-07-024view
2026-07-024view

The Long Run

FY 2009–2025 · 17 years

LineLatestCAGRTrend
Revenue$61.86B-3.2%
Gross profit$35.55B-1.0%
Net income$10.59B-2.7%
Cash from ops$13.19B-4.4%

Indices

S&P 500

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$226.15$228.99$225.19$225.514.14M
Sep 24$232.00$232.62$226.01$227.064.14M
Sep 23$233.47$237.86$232.53$232.764.54M
Sep 22$234.47$236.20$230.08$231.384.80M
Sep 21$231.99$234.70$228.35$231.938.20M

Understand the score. Research layers are inputs to a model, and the available data has limits.

Read the methodology →