International Business Machines (IBM) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $2.95
- Estimate
- $2.87
- Surprise
- +2.7%
- Revenue (period 2026-09-30)
- $17.10B
- Score at report (before → after)
- 5.0 → 5.2/10
Revenue source: xbrl.
How the report landed
International Business Machines (IBM) beat the $2.87 estimate with adjusted EPS of $2.95 — a modest 2.7% upside surprise. TrendMatrix's engine moved from Sell (5.0/10) to Hold at 5.2/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates IBM Hold at 5.4/10.
3 of the last 4 quarters beat the estimate; this quarter's +2.7% surprise compares with a +3.3% four-quarter average. Next scheduled report: 2027-01-27.
What supports the rating
- Strong earnings beat streak (3/4)
- Positive news sentiment (+0.67)
What argues against it
- Concentration risk — Geographic: outside United States (60.0%)
- Concentration risk — Supplier: server processor technology suppliers
- Analyst target reached - limited upside remaining
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $258.28
- Stop
- $242.96
At 22.0× trailing and 19.5× forward earnings, consensus estimates imply little change in earnings power.
Risk check: RSI 83 — a level conventionally read as overbought; gains at these levels often lean on momentum.
Model outputs from TrendMatrix’s engine as of 2026-10-30 — shown for context, not personalized investment advice.
IBM at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Information Technology Services
- Market cap
- $244.11B
- P/E (fwd)
- 19.5
- P/E (ttm)
- 22.0
- 52-week range
- $199.19–$332.46
- Off 52-week high
- 22.3%
- RSI (14)
- 83
- Volume vs avg
- 0.70×
- Score today
- 5.4/10