$221.65
+0.35
(+0.16%)
As of Oct 7, 2026, 2:45 PM EDT
Price history
Today's analyst average
Analyst average over timeIndividual analyst targets
Analyst history starts Jul 14, 2026, the first target we tracked for IBM.
IBM (IBM) is trading up at $221.65 (+0.16%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Information Technology sector.
Analyst price targets on IBM
Current price targets from 7 firms average $239, median $245, ranging from $191 to $270 — the average is 8% above the current $222. Each is tracked to its date and scored the same way a member's call is.
- Citi $214 → $245 by Jul 2027 Jul 24, 2026 via GuruFocus · Citi's track record
- Bernstein $214 → $230 by Jul 2027 Jul 24, 2026 via Investing.com · Bernstein's track record
- Evercore ISI $206 → $250 by Jul 2027 Jul 22, 2026 via Investing.com Canada · Evercore ISI's track record
- RBC Capital Markets $211 → $270 by Jul 2027 Jul 21, 2026 via Investing.com Canada · RBC Capital Markets's track record
- Stifel $213 → $235 by Jul 2027 Jul 20, 2026 via Investing.com Nigeria · Stifel's track record
- JPMorgan $213 → $250 by Jul 2027 Jul 17, 2026 via Investing.com · JPMorgan's track record
- Citi $213 → $255 by Jul 2027 Jul 17, 2026 via TradingView · Citi's track record
- Bernstein $219 → $280 by Jul 2027 Jul 16, 2026 via Investing.com · Bernstein's track record
- HSBC $217 → $191 by Jul 2027 Jul 14, 2026 via Barron's · HSBC's track record
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
IBM revenue & net income history (FY2016–FY2025)
RevenueNet income
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $79.9B | $79.1B | $79.6B | $57.7B | $55.2B | $57.4B | $60.5B | $61.9B | $62.8B | $67.5B |
| Growth (year over year) | −2.2% | −1.0% | +0.6% | −27.5% | −4.4% | +3.9% | +5.5% | +2.2% | +1.4% | +7.6% |
| Gross profit | $38.5B | $36.9B | $36.9B | $31.5B | $30.9B | $31.5B | $32.7B | $34.3B | $35.6B | $39.3B |
| Gross margin | 48.2% | 46.7% | 46.4% | 54.6% | 55.9% | 54.9% | 54.0% | 55.4% | 56.7% | 58.2% |
| Net income | $11.9B | $5.75B | $8.73B | $9.43B | $5.59B | $5.74B | $1.64B | $7.50B | $6.02B | $10.6B |
| Net margin | 14.9% | 7.3% | 11.0% | 16.3% | 10.1% | 10.0% | 2.7% | 12.1% | 9.6% | 15.7% |
| EPS (diluted) | $12.38 | $6.14 | $9.52 | $10.56 | $6.23 | $6.35 | $1.80 | $8.14 | $6.43 | $11.17 |
| Balance sheet | ||||||||||
| Cash and equivalents | $7.83B | $12.0B | $11.4B | $8.17B | $13.2B | $6.65B | $7.89B | $13.1B | $13.9B | $13.6B |
| Total assets | $117.5B | $125.4B | $123.4B | $152.2B | $156.0B | $132.0B | $127.2B | $135.2B | $137.2B | $151.9B |
| Total liabilities | $99.1B | $107.6B | $106.5B | $131.2B | $135.2B | $113.0B | $105.2B | $112.6B | $109.8B | $119.1B |
| Long-term debt | $34.7B | $39.8B | $35.6B | $54.1B | $54.2B | $44.9B | $46.2B | $50.1B | $49.9B | $54.8B |
| Shareholders' equity | $18.2B | $17.6B | $16.8B | $20.8B | $20.6B | $18.9B | $21.9B | $22.5B | $27.3B | $32.6B |
| Cash flow | ||||||||||
| Operating cash flow | $17.1B | $16.7B | $15.2B | $14.8B | $18.2B | $12.8B | $10.4B | $13.9B | $13.4B | $13.2B |
| Capital expenditure | $3.57B | $3.23B | $3.40B | $2.29B | $2.62B | $2.06B | $1.35B | $1.25B | $1.05B | $1.09B |
| Free cash flow | $13.5B | $13.5B | $11.9B | $12.5B | $15.6B | $10.7B | $9.09B | $12.7B | $12.4B | $12.1B |
| Dividends paid | $5.26B | $5.51B | $5.67B | $5.71B | $5.80B | $5.87B | $5.95B | $6.04B | $6.15B | $6.25B |
| Share buybacks | $3.50B | $4.34B | $4.44B | $1.36B | — | — | — | — | — | — |
RevenueNet income
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $15.0B | $17.6B | $14.5B | $17.0B | $16.3B | $19.7B | $15.9B | $17.2B |
| Growth (year over year) | +1.5% | +1.0% | +0.5% | +7.7% | +9.1% | +12.2% | +9.5% | +1.1% |
| Gross profit | $8.42B | $10.4B | $8.03B | $9.98B | $9.36B | $11.9B | $8.95B | $9.91B |
| Gross margin | 56.3% | 59.5% | 55.2% | 58.8% | 57.3% | 60.6% | 56.2% | 57.7% |
| Net income | −$330.0M | $2.91B | $1.05B | $2.19B | $1.74B | $5.60B | $1.22B | $2.17B |
| Net margin | −2.2% | 16.6% | 7.3% | 12.9% | 10.7% | 28.4% | 7.6% | 12.6% |
| EPS (diluted) | −$0.36 | $3.11 | $1.12 | $2.31 | $1.84 | $5.90 | $1.28 | $2.27 |
| Balance sheet | ||||||||
| Cash and equivalents | $13.2B | $13.9B | $11.0B | $11.9B | $11.6B | $13.6B | $10.8B | $7.17B |
| Total assets | $134.3B | $137.2B | $145.7B | $148.6B | $146.3B | $151.9B | $156.2B | $152.1B |
| Total liabilities | $109.8B | $109.8B | $118.7B | $121.0B | $118.3B | $119.1B | $123.2B | $117.6B |
| Long-term debt | $53.0B | $49.9B | $56.4B | $55.2B | $55.2B | $54.8B | $57.7B | $56.2B |
| Shareholders' equity | $24.4B | $27.3B | $26.9B | $27.5B | $27.9B | $32.6B | $33.0B | $34.5B |
| Cash flow | ||||||||
| Operating cash flow | $2.88B | $4.33B | $4.37B | $1.70B | $3.08B | $4.04B | $5.17B | $2.60B |
| Capital expenditure | $286.0M | $303.0M | $244.0M | $210.0M | $255.0M | $382.0M | $232.0M | $229.0M |
| Free cash flow | $2.60B | $4.03B | $4.13B | $1.49B | $2.83B | $3.66B | $4.94B | $2.37B |
| Dividends paid | $1.54B | $1.55B | $1.55B | $1.56B | $1.57B | $1.57B | $1.58B | $1.59B |
From IBM's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About IBM
International Business Machines Corporation, doing business as IBM, is an American multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is a publicly traded company and one of the 30 companies in the Dow Jones Industrial Average. IBM is the largest industrial research organization in the world, with 19 research facilities across a dozen countries; for 29 consecutive years, from 1993 to 2021, it held the record for most annual U.S. patents generated by a business.
- Headquarters
- Armonk, New York From SEC filings, Oct 2026
Recent News (20)
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American National Bank & Trust Sells 4,702 Shares of International Business Machines Corporation $IBM American National Bank & Trust Sells 4,702 Shares of International Business Machines Corporation $IBM MarketBeat
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Yorkville Ives initiates IBM stock coverage with outperform rating Yorkville Ives initiates IBM stock coverage with outperform rating Investing.com
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Yorkville Ives initiates IBM stock coverage with outperform rating By Investing.com Yorkville Ives initiates IBM stock coverage with outperform rating By Investing.com Investing.com Canada
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IBM: I'm Not Buying Ahead Of Earnings (Preview) (NYSE:IBM) IBM: I'm Not Buying Ahead Of Earnings (Preview) (NYSE:IBM) Seeking Alpha
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What is IBM’s (IBM) Economic Moat, and is it Widening or Narrowing? What is IBM’s (IBM) Economic Moat, and is it Widening or Narrowing? Yahoo Finance
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