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IBMInternational Business MachinesSell5.3·$244.53

International Business Machines (IBM) Q3 2026 earnings — TrendMatrix coverage

BEAT+2.7% vs estimateEPS $2.95 vs $2.87 estVerdict Sell → Hold

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

Event detail · Q3 2026

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.

Report record · Q3 2026

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.

Current read · as of 2026-11-11

Where TrendMatrix's rating stands now

TrendMatrix currently rates IBM Sell at 5.3/10.

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)

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.

Current engine read

The levels TrendMatrix's engine tracks

Current price
$244.53
Stop
$230.03

At 20.9× trailing and 18.5× forward earnings, consensus estimates imply little change in earnings power.

Model outputs from TrendMatrix’s engine as of 2026-11-11 — shown for context, not personalized investment advice.

Technology context

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
$231.11B
P/E (fwd)
18.5
P/E (ttm)
20.9
52-week range
$199.19–$332.46
Off 52-week high
26.4%
RSI (14)
43
Volume vs avg
0.57×
Score today
5.3/10

EPS and the estimate come from Yahoo Finance’s earnings calendar, captured around the report date. That EPS is the adjusted figure analysts forecast, so it can differ from the GAAP diluted EPS in the company’s filing, and consensus estimates vary between data providers. Revenue comes from SEC XBRL company facts where available, yfinance-provisional otherwise. Not a buy/sell rating, a price target, or investment advice — see the current verdict on the stock’s main page for TrendMatrix’s live read.

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