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%
- Score at report (before → after)
- 5.0 → 5.0/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
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 Buy (Wait) (5.0/10) to Sell at 5.0/10 after the report.
Coverage in the report window
- Stock Market Today: S&P 500, Dow Jones, Nasdaq 100 Futures Drop Following Asian Market Sell-off, Middle East Tensions— N — benzinga, 2026-10-22
Where TrendMatrix's rating stands now
TrendMatrix currently rates IBM Sell at 5.0/10.
3 of the last 4 quarters beat the estimate; this quarter's +2.7% surprise compares with a +3.3% four-quarter average.
What supports the rating
- Strong earnings beat streak (3/4)
- Positive momentum
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
- $251.46
- Stop
- $239.10
At 21.5× trailing and 19.1× forward earnings, consensus estimates imply little change in earnings power.
Risk check: RSI 78 — a level conventionally read as overbought; gains at these levels often lean on momentum; trading volume is running 1.8× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-22 — 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
- $236.91B
- P/E (fwd)
- 19.1
- P/E (ttm)
- 21.5
- 52-week range
- $199.19–$332.46
- Off 52-week high
- 24.4%
- RSI (14)
- 78
- Volume vs avg
- 1.82×
- Score today
- 5.0/10