IBM INTERNATIONAL BUSINESS MACHINES CORP
What matters nowUpdated 5 h ago
- IBM was selected for Stage C of DARPA's Quantum Benchmarking Initiative on Oct 7, 2026, where DARPA evaluators will test its quantum hardware and system architecture; IBM expects its first fault-tolerant system in 2029, and no funding amount was stated 1. The same week IBM launched Ready for SAP Solutions for midsize ERP modernization 2.
- The pooled 24/7 venue price is 231.53, up 1.95% from the 227.11 previous close. Recent daily moves were +3.38% on Sep 14, -3.93% on Sep 16 and -3.30% on Sep 18, and the largest move in the recent window was -23.76% on Jul 14.
- Trailing 12-month revenue is $69.1B and free cash flow is $13.8B (20.0% of revenue), with a 15.5% net margin and 58.1% gross margin as of June 30, 2026. Revenue grew 7.9% year on year, though only 1.1% in the latest quarter; EPS is $11.29 (P/E 20.5), market cap $218.1B, FCF yield 6.3%, and net debt $54.8B.
- Software revenue rose 5% to $7.8B in Q2 2026, led by Red Hat hybrid cloud (+11%) and data (+19%); Distributed Infrastructure rose 37%, while IBM Z fell 42% and Consulting was flat at $5.3B. Over the past 180 days insiders made one sale of 25,000 shares ($5.8M) and no purchases.
- Q3 2026 earnings are confirmed for Oct 21, 2026; the outlook from July 22 calls for full-year constant-currency revenue growth of 4% to 5% and free cash flow up about $1B. Upcoming macro releases include CPI on Oct 14 and retail sales on Oct 15. Polymarket odds put no change in Fed rates after the October 2026 meeting at 81.5% and a 25 bp increase at 17.5%.
Valuation & fundamentalsFull financials →
TTM through 2026-06-30 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price. Quarterly statements →
Every venue
| Venue | Price | vs pool | 24h vol | Open int. | Funding 8h |
|---|---|---|---|---|---|
| lighter perp 188 · just now | 230.99 | 0.00% | $2.6M | $31.3K | 0.0080% |
| binance perp IBMUSDT · just now | 231.05 | +0.02% | $2.5M | $2.9M | 0.0000% |
| bitget perp IBMUSDT · just now | 231.04 | +0.02% | $467.6K | $682.5K | 0.0000% |
| okx perp IBM-USDT-SWAP · just now | 231.02 | +0.01% | $408.1K | $1.2M | 0.0000% |
| hyperliquid perp xyz:IBM · just now | 230.67 | −0.14% | $394.4K | $1.8M | 0.0050% |
| bybit perp IBMUSDT · just now | 230.88 | −0.05% | $126.0K | $1.0M | 0.0000% |
| aster perp IBMUSDT · just now | 233.06 | +0.89% | $3.3K | $5.9K | 0.0000% |
Pooled price = volume-weighted median of venues within 2% of each other. Venue markets for stocks, indices and gold are 24/7 perpetual contracts; they track but are not the official exchange price.
Open interest, 120 days
US$ millions, all venues
Funding, 120 days
Annualised %, OI-weighted. Positive: longs pay shorts.
NewsAll news →
IBM advances to Stage C of DARPA's Quantum Benchmarking Initiative
IBM was selected for Stage C, the third phase of DARPA's Quantum Benchmarking Initiative.
IBM launches Ready for SAP Solutions for midsize ERP modernization
IBM introduced IBM Ready for SAP Solutions, a package to help midsize and fast-growing companies move to SAP cloud ERP and prepare their data for AI.
IBM and Red Hat's Lightwell fix more than 400 open-source Java vulnerabilities
IBM and Red Hat said their Lightwell service found and fixed more than 400 previously unknown vulnerabilities in widely used Java libraries.
IBM adds self-hosted deployment for Bob, including air-gapped environments
IBM made its Bob AI development platform available for on-premises, private-cloud, sovereign-cloud and air-gapped environments.
Frank Baker joins IBM board, which expands to 14 directors
IBM increased its board to 14 seats and elected Frank Baker, co-founder and managing partner of private equity firm Siris Capital Group, effective October 1, 2026.
IBM buys UK cybersecurity consultancy Logiq Consulting
IBM, through IBM UK and IBM Consulting, acquired Logiq Consulting, a UK cybersecurity firm that works with defence, critical national infrastructure and public-sector clients.
IBM completes acquisition of HRL Laboratories
IBM completed its acquisition of HRL Laboratories on August 26, 2026, ahead of the end-of-third-quarter timing it had given in July.
IBM and OpenAI form strategic partnership with a dedicated OpenAI Practice
IBM and OpenAI agreed a strategic partnership to deploy AI across core enterprise functions such as finance, procurement, customer operations and HR.
IBM signs $240M multi-year AI inference deal with Together AI
IBM agreed to a multi-year deal worth $240 million with Together AI to build a large inference cluster for open-source AI models on IBM Cloud.
IBM agrees to buy HRL Laboratories to expand its quantum hardware work
IBM agreed to acquire HRL Laboratories, a private research lab jointly owned by Boeing and General Motors, to add silicon-spin qubit, quantum sensing and quantum materials expertise.
IBM Q2 2026 confirms revenue of $17.2B and cuts 2026 growth outlook to 4% to 5%
IBM's full second-quarter 2026 report matched the July 14 preliminary figures: revenue of $17.2B, up 1%, with GAAP EPS of $2.27 and operating EPS of $2.93.
IBM declares $1.69 quarterly dividend, payable September 10, 2026
IBM's board approved a regular quarterly cash dividend of $1.69 per share, with a record date of August 10 and payment on September 10, 2026.
Analysts cut IBM targets and downgrade after the July 14 warning
After the July 14 warning, Bank of America cut its IBM price target to $280 from $330 but kept a Buy rating.
IBM warns Q2 results will miss, citing a weak mainframe cycle and delayed deals
IBM released preliminary second-quarter 2026 results showing revenue of $17.2B, up 1%, and non-GAAP EPS of $2.93, up 5%, both below analyst expectations.
IBM stock falls about 25% in its worst day on record
IBM shares fell about 25% on July 14, 2026, the largest one-day drop in the company's history, after the preliminary second-quarter warning.