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International Business Machines (IBM) Stock Price & Market Analysis

IBM · NYSE · Information Technology Services

Available history: 2000-10-03–2026-10-02. This is the supplied data window, not a verified inception date. Range extremes use intraday highs/lows where supplied, otherwise closes. Provider-reported; adjustment basis unspecified. The separate 52-week range uses Yahoo Finance figures; its adjustment basis is unspecified.

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Reported fundamentals

IBM research snapshot

Annual revenue

USD 67.54B

Sales for the fiscal year ended Dec 31, 2025. This is not trailing twelve-month revenue.

Revenue change

+7.6%

Change versus the fiscal year ended Dec 31, 2024.

Net profit margin

15.7%

Net income divided by revenue for the fiscal year ended Dec 31, 2025. This is not the trailing margin.

These reported results describe the business’s recent scale and profitability. Compare cash generation and valuation before forming an investment view; historical growth is not a forecast.

Company · Profile

About International Business Machines (IBM)

Sector, leadership, and how International Business Machines earns its revenue.

International Business Machines

NYSE · IBM · US

International Business Machines Corporation (IBM) delivers comprehensive technology solutions and services across the globe. The company's operations are structured into four primary segments: Software, Consulting, Infrastructure, and Financing. The Software division provides hybrid cloud platforms and a range of software offerings, including Red Hat's enterprise open-source solutions. It also develops software for business automation, AIOps and management, integration, and application servers, in addition to data and artificial intelligence tools. This segment further supplies security software and services for threat, data, and identity management, and offers critical transaction processing software that supports essential on-premise workloads for industries such as banking, airlines, and retail. The Consulting arm delivers business transformation services, which encompass strategy development, business process design and operational improvements, data and analytics insights, and system integration. It additionally provides technology consulting and specialized application and cloud platform services. IBM's Infrastructure segment offers both on-premises and cloud-based server and storage solutions, specifically tailored for clients' crucial and regulated operations. It also extends support and solutions for hybrid cloud infrastructure, alongside remanufacturing and remarketing services for used equipment. The Financing segment provides various financial services, such as leasing, installment payment plans, loan financing, and short-term working capital solutions. Originally established in 1911 as the Computing-Tabulating-Recording Co., the company is now known as International Business Machines Corporation and maintains its headquarters in Armonk, New York.

Company narrative is editorial context. Source observation date: 2026-10-02T00:00:26.161Z. Narratives and leadership records are excluded from current quality ratings.

Sector
Technology
Industry
Information Technology Services
Headquarters
Armonk, NY, United States
Country
US
Founded
1915
Employees
264,300
CEO
Arvind Krishna
Exchange
NYSE
Business model & operating evidence

Company website ↗

AI business exposure

Revenue exposure
AI-specific revenue is not separated in the available company statements.
Capital-spending dependency
No reviewed quantitative dependency model is available.
Compute role
See the sourced business description; AI labels do not establish compute revenue.
Platform examples
An exhaustive, consistently defined product inventory is unavailable.
Ecosystem links
Supplier and customer links require reviewed disclosures.

Narrative versus numbers

Demand is expanding

Supporting observation: 1.1%

Year-over-year growth in the latest quarter. This is not the fiscal-year revenue change in the snapshot above. · SEC Companyfacts · 2026-06-30

Growth produces accounting profit

Supporting observation: 15.5%

Reported-period net margin. A positive figure supports accounting profitability, not cash generation. · SEC Companyfacts · 2026-10-03T09:32:13.322Z

The business generates cash after investment

Supporting observation: USD 2.37B

Latest reported free cash flow. It is not a forecast and it is not the fiscal-year snapshot. · SEC Companyfacts · 2026-06-30

These are explicit tests of individual claims, not an overall bull/bear rating. Demand growth can coexist with valuation, concentration and financing risk.

Operating measures

Revenue
$17.16Bquarter ended Jun 30, 2026
Gross margin
57.7%quarter ended Jun 30, 2026
EPS
$2.27quarter ended Jun 30, 2026
Capital expenditure
$229.00Mquarter ended Jun 30, 2026
Free cash flow
$2.37Bquarter ended Jun 30, 2026
Free cash flow margin
13.8%quarter ended Jun 30, 2026
Operating cash / net income
1.20×quarter ended Jun 30, 2026
Revenue growth year over year
1.1%quarter ended Jun 30, 2026

Leadership

CEO: Arvind Krishna

Source: Financial Modeling Prep · 2026-10-02T00:00:26.161Z

Ownership filings and insider activity
Competitors & comparisons

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Governance & sustainability

Find proxy statements and annual reports

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Next open: 2026-10-05 · 9:30 AM America/New_York

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