Stock AnalizInternational Business Machines (IBM) earnings for the quarter ended September 2026: EPS beats estimates
International Business Machines reported results for the quarter ended September 2026 on October 21, 2026. Adjusted earnings per share came in at $2.95 against the analysts’ average forecast of $2.87, a beat of 2.7%.
Revenue for the quarter was $17.10 billion, up 4.7% from $16.33 billion in the same quarter a year earlier.
The market’s verdict: the stock rose 4.2% on the first trading day after the report.
The last four quarters
International Business Machines has beaten the analysts’ EPS forecast in 3 of the last 4 quarters.
| Quarter | EPS | Forecast | Surprise | Revenue growth | Price reaction |
|---|---|---|---|---|---|
| Sep 2026 | $2.95 | $2.87 | +2.7% | +5% | +4.2% |
| Jun 2026 | $2.93 | $2.93 | −0.1% | +1% | −1.8% |
| Mar 2026 | $1.91 | $1.81 | +5.5% | +9% | −9.6% |
| Dec 2025 | $4.52 | $4.29 | +5.3% | +12% | +5.2% |
What comes next
Analysts expect EPS of $4.63 for the next quarter on average and $12.42 for the fiscal year ending December 31, 2026.
The average analyst price target is $259.85, 5% above the current price of $247.13.
Valuation and score
International Business Machines scores 3.0 out of 5 overall on Stock Analiz (good, with some weak spots), trades at a trailing P/E of about 21.0, and its intrinsic value under moderate assumptions is about 30% below the current market value. Full International Business Machines analysis with 10 years of financials
Frequently asked questions
What was International Business Machines’s EPS for the quarter ended September 2026?
$2.95 adjusted per share, against an analyst consensus of $2.87.
How much revenue did International Business Machines report?
$17.10 billion, up 4.7% year over year.
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This report was written automatically from the published numbers within hours of the release. It is information, not investment advice.