International Business Machines Corporation (IBM)
NYSE:IBM
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IBM Stock Chart & Stats
$253.47
-$2.19(-0.98%)
At close: 4:00 PM EST
$253.47
-$2.19(-0.98%)
Day’s Range― - ―
52-Week Range$212.34 - $332.46
Previous CloseN/A
Volume800.01K
Average Volume (3M)10.20M
Market Cap
$263.94B
Enterprise Value$339.68B
Total Cash (Recent Filing)$11.78B
Total Debt (Recent Filing)$70.60B
Price to Earnings (P/E)24.5
Beta0.83
Next Earnings
Jul 22, 2026EPS Estimate
3.01Next Dividend Ex-DateN/A
Dividend Yield2.21%
Share Statistics
EPS (TTM)11.51
Shares Outstanding939,885,250
10 Day Avg. Volume16,439,449
30 Day Avg. Volume10,201,995
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)8.46
Price to Sales (P/S)4.09
P/FCF Ratio23.86
Enterprise Value/Market Cap1.29
Enterprise Value/Revenue4.93
Enterprise Value/Gross Profit8.36
Enterprise Value/Ebitda20.81
Forecast
1Y Price Target
$300.13Price Target Upside18.41% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering18
EPS Forecast (FY)12.43
Revenue Forecast (FY)$71.47B
Bulls Say, Bears Say
Bulls Say
Recurring Software Revenue And ARR GrowthA large, growing ARR base and accelerating software growth create durable, predictable revenue and stickier customer relationships. This shifts IBM toward higher-margin, subscription economics, improving revenue visibility, enabling reinvestment in products and supporting long-term margin expansion.
Strong Free Cash Flow GenerationConsistent, sizable free cash flow provides financial flexibility to fund R&D, strategic M&A, shareholder returns, and debt servicing. FCF near net income (TTM ~0.93x) also supports earnings quality, underpins investments in cloud/AI and cushions against cyclical pressure.
Improving Profitability And Margin ExpansionSustained margin improvement reflects operational efficiency, realized productivity savings and better business mix toward software. Higher margins increase cash conversion and resilience, enabling reinvestment in strategic areas while offsetting slower top-line growth over the medium term.
Bears Say
Elevated Leverage On The Balance SheetHigh leverage limits financial flexibility, raises refinancing and interest-rate sensitivity, and constrains the ability to pursue large acquisitions or absorb shocks. With operating cash flow covering only ~0.34x of total debt, debt-servicing demands could pressure capital allocation and margin reinvestment.
Modest Historical Top-line GrowthA low organic growth base limits inherent upside and increases reliance on margin expansion, M&A and product mix shifts to drive earnings. Slow top-line momentum makes achieving durable high-single-digit targets challenging and exposes IBM to competitive displacement in key enterprise segments.
Infrastructure Revenue HeadwindsDeclining infrastructure revenue and weaker support/mix reduce a historically stable cash stream and can depress near-term consolidated growth. Persistent hardware softness can dampen services attach rates and require reinvestment to transition customers to higher-margin hybrid cloud offerings.
International Business Machines News
IBM FAQ
What was International Business Machines Corporation’s price range in the past 12 months?
International Business Machines Corporation lowest stock price was $212.34 and its highest was $332.46 in the past 12 months.
What is International Business Machines Corporation’s market cap?
International Business Machines Corporation’s market cap is $263.94B.
When is International Business Machines Corporation’s upcoming earnings report date?
International Business Machines Corporation’s upcoming earnings report date is Jul 22, 2026 which is in 42 days.
How were International Business Machines Corporation’s earnings last quarter?
International Business Machines Corporation released its earnings results on Apr 22, 2026. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.809 by $0.101.
Is International Business Machines Corporation overvalued?
According to Wall Street analysts International Business Machines Corporation’s price is currently Undervalued.
Does International Business Machines Corporation pay dividends?
International Business Machines Corporation pays a Quarterly dividend of $1.69 which represents an annual dividend yield of 2.21%. See more information on International Business Machines Corporation dividends here
What is International Business Machines Corporation’s EPS estimate?
International Business Machines Corporation’s EPS estimate is 3.01.
How many shares outstanding does International Business Machines Corporation have?
International Business Machines Corporation has 939,885,250 shares outstanding.
What happened to International Business Machines Corporation’s price movement after its last earnings report?
International Business Machines Corporation reported an EPS of $1.91 in its last earnings report, beating expectations of $1.809. Following the earnings report the stock price went down -8.251%.
Which hedge fund is a major shareholder of International Business Machines Corporation?
Currently, no hedge funds are holding shares in IBM
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
International Business Machines Stock Smart Score
Outperform
1
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$300.13 (18.41% Upside)
$300.13 (18.41% Upside)
Blogger Sentiment
Bullish
IBM Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 7.8K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 0.3%
Last 30 Days ▲ 12.8%
Last 30 Days ▲ 12.8%
News Sentiment
Bullish
Bullish news 73%
Bearish news 27%
Bearish news 27%
Technicals
SMA
Negative
20 days / 200 days
Momentum
9.46%
12-Months-Change
Fundamentals
Return on Equity
35.54%
Trailing 12-Months
Asset Growth
7.25%
Trailing 12-Months
Company Description
International Business Machines Corporation
International Business Machines Corporation (IBM) delivers comprehensive technology solutions and services across the globe. The company's operations are structured into four primary segments: Software, Consulting, Infrastructure, and Financing. The Software division provides hybrid cloud platforms and a range of software offerings, including Red Hat's enterprise open-source solutions. It also develops software for business automation, AIOps and management, integration, and application servers, in addition to data and artificial intelligence tools. This segment further supplies security software and services for threat, data, and identity management, and offers critical transaction processing software that supports essential on-premise workloads for industries such as banking, airlines, and retail. The Consulting arm delivers business transformation services, which encompass strategy development, business process design and operational improvements, data and analytics insights, and system integration. It additionally provides technology consulting and specialized application and cloud platform services. IBM's Infrastructure segment offers both on-premises and cloud-based server and storage solutions, specifically tailored for clients' crucial and regulated operations. It also extends support and solutions for hybrid cloud infrastructure, alongside remanufacturing and remarketing services for used equipment. The Financing segment provides various financial services, such as leasing, installment payment plans, loan financing, and short-term working capital solutions. Originally established in 1911 as the Computing-Tabulating-Recording Co., the company is now known as International Business Machines Corporation and maintains its headquarters in Armonk, New York.
IBM Company Deck
IBM Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call portrays a predominantly positive operational and financial performance: broad-based revenue growth (6%), strong software and data momentum (software +8%, data +16%, ARR +10%), record first-quarter free cash flow (+13%), and margin expansion (operating pretax margin +140 bps). Strategic moves (Confluent close, Red Hat/OpenShift scale, IBM Z AI capabilities, IBM Bob GA, quantum progress) reinforce the software-led, hybrid cloud and AI narrative. Near-term negatives are manageable: consulting margin softness, an expected low-single-digit decline in infrastructure revenue for the year, Confluent-related dilution (~$600M) and macro/supply chain uncertainties that prompted conservative guidance posture. On balance, the positive metrics, clear AI-driven demand tailwinds, and reiterated 5%+ revenue and ~$1B free cash flow growth guidance outweigh the listed challenges.View all IBM earnings summariesIBM Revenue Breakdown
10.85% Hybrid Cloud
11.45% Automation
9.33% Data
12.74% Transaction Processing
17.08% Strategy and Technology
14.09% Intelligent Operations
15.72% Hybrid Infrastructure
7.55% Infrastructure Support
1.09% Financing
0.09% Other
IBM Stock 12 Month Forecast
Average Price Target
$300.13
▲(18.41% Upside)
Technical Analysis
Ownership Overview
0.09% Insiders
17.42% Mutual Funds
9.90% Other Institutional Investors
48.89% Public Companies and Individual Investors