International Business Machines (IBM) Expected to Post Earnings on Wednesday

International Business Machines (NYSE:IBM) is anticipated to release its Q2 2026 results after the market closes on Wednesday, July 22nd. Analysts expect the company to post earnings of $3.02 per share and revenue of $17.8609 billion for the quarter. Investors are encouraged to explore the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Wednesday, July 22, 2026 at 5:00 PM ET.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.81 by $0.10. The company had revenue of $15.92 billion during the quarter, compared to the consensus estimate of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 EPS. On average, analysts expect International Business Machines to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

International Business Machines Trading Down 25.4%

NYSE:IBM opened at $216.59 on Wednesday. International Business Machines has a 12 month low of $212.34 and a 12 month high of $332.46. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $203.57 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 2.80 and a beta of 0.68. The firm has a fifty day simple moving average of $264.70 and a two-hundred day simple moving average of $265.20.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were issued a dividend of $1.69 per share. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, May 8th. International Business Machines’s dividend payout ratio is presently 59.77%.

Analyst Upgrades and Downgrades

IBM has been the topic of several research reports. Oppenheimer downgraded shares of International Business Machines from an “outperform” rating to a “market perform” rating in a report on Wednesday. Weiss Ratings cut shares of International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. HSBC downgraded International Business Machines from a “hold” rating to a “reduce” rating and cut their price target for the company from $231.00 to $191.00 in a research note on Tuesday. Piper Sandler raised International Business Machines to an “overweight” rating in a research note on Tuesday, June 23rd. Finally, Susquehanna began coverage on International Business Machines in a report on Friday, July 10th. They issued a “neutral” rating and a $303.00 target price on the stock. Fourteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $307.17.

Institutional Trading of International Business Machines

Several hedge funds have recently added to or reduced their stakes in IBM. Blue Chip Partners LLC boosted its holdings in International Business Machines by 1.0% in the third quarter. Blue Chip Partners LLC now owns 3,955 shares of the technology company’s stock valued at $1,116,000 after purchasing an additional 40 shares during the last quarter. Heritage Wealth Advisors raised its stake in shares of International Business Machines by 1.1% during the 4th quarter. Heritage Wealth Advisors now owns 3,766 shares of the technology company’s stock valued at $1,116,000 after buying an additional 41 shares during the last quarter. Binnacle Investments Inc raised its stake in shares of International Business Machines by 10.1% during the 2nd quarter. Binnacle Investments Inc now owns 468 shares of the technology company’s stock valued at $138,000 after buying an additional 43 shares during the last quarter. QTR Family Wealth LLC lifted its holdings in shares of International Business Machines by 3.3% in the 4th quarter. QTR Family Wealth LLC now owns 1,332 shares of the technology company’s stock valued at $389,000 after buying an additional 43 shares during the period. Finally, Sumitomo Life Insurance Co. lifted its holdings in shares of International Business Machines by 0.9% in the 4th quarter. Sumitomo Life Insurance Co. now owns 5,002 shares of the technology company’s stock valued at $1,482,000 after buying an additional 44 shares during the period. Institutional investors own 58.96% of the company’s stock.

Key Stories Impacting International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Negative Sentiment: IBM reported preliminary Q2 revenue of about $17.2 billion and adjusted EPS of $2.93, both below estimates, raising concerns about near-term growth and execution. Reuters: IBM expects second-quarter revenue below estimates
• Negative Sentiment: CEO Arvind Krishna said the company “faltered,” citing delayed deal closures and customers shifting budgets toward AI infrastructure and memory chips, which hurt software and infrastructure sales. CNBC: IBM warns second-quarter earnings fell short of expectations
• Negative Sentiment: The warning is dragging other software and IT services names lower, reinforcing fears that enterprise spending is moving away from traditional software vendors and toward AI hardware/cybersecurity. Investor’s Business Daily: Stock Market Jumps As Inflation Eases; IBM Warns

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.