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NYSE · US · Information Technology Services

IBM IBM

Superconducting quantum roadmap

Uptrend Trading above its 50-day average. (automatic: supply-chain trend + price vs 50-day average)
Last close (delayed) · 2026-10-26
$252.4
−0.45% today
1W
+6.8%
1M
+11.9%
3M
+11.7%
YTD
−13.1%
1Y
−15.8%
Off 52w high
−22.8%
Next earnings (est.): 2026-10-21
Market cap$240B
P/E (trailing)21.6Forward 19.2
EV / sales4.2×EV/EBITDA 18.3×
Revenue (TTM)$69.87BGrowth 4.7% y/y
Margins58.0%gross · op 16.3%
Free cash flow$12.24BCash $11.06B · debt $67.14B
Analyst target$257.2+1.9% upside · 23 analysts · buy
Riskβ 0.72Short 2.8% of float · yield 2.68%

Fundamentals from public market data, refreshed daily (2026-10-24 02:59 UTC). Figures in reporting currency.

IBM · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

8 events
  1. 8
    2026-10-21EarningsBeat / raise

    Reported EPS 2.95 vs 2.87 expected (+2.7% surprise).

  2. 7
    2026-07-22EarningsMiss / cut

    Reported EPS 2.93 vs 2.93 expected (-0.1% surprise).

  3. 6
    2026-04-22EarningsBeat / raise

    Reported EPS 1.91 vs 1.81 expected (+5.5% surprise).

  4. 5
    2026-01-28EarningsBeat / raise

    Reported EPS 4.52 vs 4.29 expected (+5.3% surprise).

  5. 4
    2025-10-22EarningsBeat / raise

    Reported EPS 2.65 vs 2.45 expected (+8.3% surprise).

  6. 3
    2025-07-23EarningsBeat / raise

    Reported EPS 2.8 vs 2.65 expected (+5.5% surprise).

  7. 2
    2025-04-23EarningsBeat / raise

    Reported EPS 1.6 vs 1.43 expected (+12.1% surprise).

  8. 1
    2025-01-29EarningsBeat / raise

    Reported EPS 3.92 vs 3.78 expected (+3.8% surprise).

Earnings history

EPS vs expectations
DateExpected EPSReported EPSSurprise
2026-10-212.872.95+2.7%
2026-07-222.932.93−0.1%
2026-04-221.811.91+5.5%
2026-01-284.294.52+5.3%
2025-10-222.452.65+8.3%
2025-07-232.652.8+5.5%
2025-04-231.431.6+12.1%
2025-01-293.783.92+3.8%
2024-10-232.232.3+3.3%
2024-07-242.172.43+11.9%
2024-04-241.61.68+5.2%
2024-01-243.83.87+1.9%
2023-10-252.132.2+3.5%
2023-07-192.02.18+8.9%
2023-04-191.241.36+9.7%
2023-01-253.613.6−0.3%
2022-10-191.81.81+0.7%
2022-07-182.292.31+0.9%
2022-04-191.421.4−1.5%
2022-01-243.293.35+1.9%
2021-10-202.512.52+0.2%
2021-07-192.292.33+1.8%
2021-04-191.651.77+7.1%
2021-01-211.882.07+10.4%

About IBM

Website ↗

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers hybrid cloud and AI platforms that allow clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment delivers strategy and technology services and intelligent operations, providing business transformation, technology implementation, managed services, application modernization, and AI-powered solutions. The Infrastructure segment provides on-premises and cloud-based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment. The Financing segment offers clien…

264,300 employees · Armonk, United States

Qubits need dilution refrigerators, helium-3, precision lasers and control electronics — all small, specialised supply chains.

Cryogenics→Qubits→Control→Algorithms

What would prove us wrong. Strengthens if error-corrected logical qubits scale on public roadmaps.

Peers at the same bottleneck

Who else supplies this

StockRoleLast1D1MYTDTrend
IONQ
IonQ
Trapped-ion quantum computers $31.15−0.38%−31.5%−30.6%
RGTI
Rigetti Computing
Superconducting quantum computers $11.52−0.04%−30.9%−48.0%
QBTS
D-Wave Quantum
Quantum annealing systems $11.65−0.09%−33.1%−55.5%
HON
Honeywell
Majority owner of Quantinuum $219.8−0.60%+3.4%+8.9%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.