International Business Machines (IBM) Earnings Analysis
International Business Machines (IBM) delivered mixed results in Q1 FY2026 on revenue of $15.9B versus the $15.6B estimate (+9.5% YoY) and EPS of $1.91. The next International Business Machines (IBM) earnings date is Jul 22, 2026. Below is the full International Business Machines earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
International Business Machines (IBM) Earnings Analysis — key stats
Next earnings date
Jul 22, 2026
Latest reported quarter
Q1 FY2026
Earnings verdict
Mixed
EPS beat rate
8 of last 8 (quarters above estimate)
Avg next-day move
±6.6% (over the last 8 reports)
Post-earnings direction
Up 4 / Down 4 (of the last 8 reports)
Implied move (next report)
±9.7% (options-derived · into Jul 22, 2026)
Revenue
$15.9B (vs $15.6B est · +1.8% surprise · +9.5% YoY)
EPS
$1.91 (vs $1.81 est · +5.5% surprise · +14.0% YoY)
Share price
$289.52 (+1.1%)
Market cap
$272.1B
International Business Machines (IBM) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q2 2026
$15.9B vs $15.6B est
$1.91 vs $1.81 est
+5.5%
-9.6%
Mixed
Q1 2026
$19.7B vs $19.2B est
$4.52 vs $4.31 est
+4.9%
+5.2%
Beat
Q4 2025
$16.3B vs $16.1B est
$2.65 vs $2.45 est
+8.2%
+1.0%
Mixed
Q3 2025
$17.0B vs $16.6B est
$2.80 vs $2.65 est
+5.7%
-7.6%
Beat
Q2 2025
$14.5B vs $14.4B est
$1.60 vs $1.42 est
+12.7%
-4.8%
Mixed
Q1 2025
$17.6B vs $17.6B est
$3.92 vs $3.77 est
+4.0%
+14.5%
Mixed
Q4 2024
$15.0B vs $15.1B est
$2.30 vs $2.22 est
+3.6%
-6.0%
Mixed
Q3 2024
$15.8B vs $15.6B est
$2.43 vs $2.20 est
+10.5%
+4.3%
Mixed
What you'll find
Next International Business Machines (IBM) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment International Business Machines reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in International Business Machines (IBM)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is International Business Machines's next earnings date?
International Business Machines's (IBM) next scheduled earnings date is Jul 22, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did International Business Machines (IBM) beat or miss earnings?
In Q1 FY2026, International Business Machines (IBM) posted mixed results — revenue of $15.9B versus the $15.6B estimate (+1.8% surprise) and EPS of $1.91 versus $1.81 expected (+5.5% surprise). Magnisto decodes every International Business Machines (IBM) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does International Business Machines beat earnings estimates?
Over its last 8 reported quarters, International Business Machines (IBM) beat Wall Street EPS estimates 8 times, most recently a mixed result in Q2 2026. Magnisto tracks every International Business Machines (IBM) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does International Business Machines stock move after earnings?
Over its last 8 quarterly reports, International Business Machines (IBM) moved an average of ±6.6% the day after earnings — ranging from -9.6% (Q2 2026) to +14.5% (Q1 2025). The stock rose after 4 of those 8 reports and fell after 4. Heading into its next report on Jul 22, 2026, options-implied volatility is pricing in a move of roughly ±9.7% (derived). Magnisto tracks the realized post-earnings move for every International Business Machines (IBM) quarter alongside the beat/miss verdict — past moves don't predict the next one.
What is the forecast for International Business Machines (IBM) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for International Business Machines (IBM), anchored to the current $289.52 share price, so you can weigh the bull, base and bear cases for International Business Machines side by side.
Is International Business Machines (IBM) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether International Business Machines fits your own thesis and risk profile. This is research, not investment advice.