IBM

International Business Machines
D

IBM

Arincen70/100B

International Business Machines earnings

International Business Machines reports its Q4 FY2026 results on 27 January 2027, after the market closes. Analysts expect earnings per share of 4.63 USD and revenue of 20.39B USD.

In Q3 FY2026, reported on 21 October 2026, International Business Machines earned 2.95 USD a share against the 2.85 USD analysts expected (+3.5%), on revenue of 17.10B USD against 16.82B USD (+1.7%).

Last EPS surprise
+3.5%
Last revenue surprise
+1.7%
Move after the last report
+0.2%
Average move after earnings
3.8%

EPS and revenue against estimates

Next earnings · Q4 FY2026
EPS estimate
4.63 USD
Revenue estimate
20.39B USD
Last quarter · Q3 FY2026
EPS2.95Beat +3.5%Revenue17.10BBeat +1.7%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growthNext-day move
Q3 FY20273.20——+8.34%17.76B——+3.87%—
Q2 FY20273.08——+4.96%17.86B——+4.07%—
Q1 FY20272.16——+13.22%16.54B——+3.94%—
Q4 FY20264.63——+2.43%20.39B——+3.57%—
Q3 FY20262.852.95+3.51%+11.32%16.82B17.10B+1.68%+4.73%+0.2%
Q2 FY20262.952.93-0.68%+4.64%17.46B17.16B-1.73%+1.09%+0.4%
Q1 FY20261.811.91+5.52%+19.37%15.63B15.92B+1.83%+9.46%-8.3%
Q4 FY20254.314.52+4.87%+15.31%19.19B19.69B+2.58%+12.15%+5.0%
Q3 FY20252.452.65+8.16%+15.22%16.09B16.33B+1.48%+9.11%-1.0%
Q2 FY20252.652.80+5.66%+15.23%16.59B16.98B+2.34%+7.66%-7.7%
Q1 FY20251.421.60+12.68%-4.76%14.39B14.54B+1.05%+0.55%-6.6%
Q4 FY20243.773.92+3.98%+1.29%17.56B17.55B-0.03%+1.00%+13.0%
Q3 FY20242.222.30+3.60%+4.55%15.08B14.97B-0.73%+1.46%-6.2%
Q2 FY20242.202.43+10.45%+11.47%15.62B15.77B+0.93%+1.90%+4.1%
Q1 FY20241.601.68+5.00%+23.53%14.55B14.46B-0.62%+1.47%-8.2%
Q4 FY20233.783.87+2.38%+7.50%17.30B17.38B+0.47%+4.13%+9.5%
Q3 FY20232.132.20+3.29%+21.55%13.91B14.75B+6.09%+4.58%+4.8%
Q2 FY20232.012.18+8.46%-5.63%14.80B15.48B+4.55%-0.39%+2.2%
Q1 FY20231.271.36+7.09%-2.86%14.35B14.25B-0.65%+0.39%+0.0%
Q4 FY20223.603.600.00%+7.46%16.15B16.69B+3.35%-0.02%-4.5%
Q3 FY20221.781.81+1.69%-28.17%13.52B14.11B+4.36%+6.45%+4.6%
Q2 FY20222.292.31+0.87%-0.86%15.08B15.54B+2.99%+9.26%-5.2%
Q1 FY20221.341.40+4.48%-20.90%13.78B14.20B+3.05%+7.66%+7.0%
Q4 FY20213.303.35+1.52%+61.84%13.89B16.70B+20.22%-18.03%+5.7%
Q3 FY20212.492.52+1.20%-2.33%17.77B13.25B-25.41%-24.54%-9.2%
Q2 FY20212.252.33+3.56%+6.88%18.29B14.22B-22.28%-21.55%+1.4%
Q1 FY20211.671.77+5.99%-3.80%16.21B13.19B-18.63%-24.95%+3.7%
Q4 FY20201.782.07+16.29%-56.05%17.18B20.37B+18.54%-6.47%-10.0%
Q3 FY20202.552.58+1.18%-3.73%17.56B17.56B+0.01%-2.59%-6.6%
Q2 FY20202.142.18+1.87%-31.23%17.29B18.12B+4.81%-5.42%-0.2%
Q1 FY20201.781.84+3.37%-18.22%17.19B17.57B+2.22%-3.36%-3.1%
Q4 FY20194.684.71+0.64%-3.29%21.64B21.78B+0.64%+0.08%+3.5%
Q3 FY20192.642.68+1.52%-21.64%17.96B18.03B+0.37%-3.89%-5.5%
Q2 FY20193.073.17+3.26%+2.92%18.56B19.16B+3.26%-4.21%+4.6%
Q1 FY20192.222.25+1.35%-8.16%17.94B18.18B+1.35%-4.67%-4.2%
Q4 FY20184.814.87+1.25%-5.98%21.54B21.76B+1.03%-3.47%+8.5%
Q3 FY20183.403.42+0.59%+3.64%18.65B18.76B+0.59%-2.07%-7.6%
Q2 FY20183.043.08+1.32%+10.39%19.74B20.00B+1.32%+3.70%+3.3%
Q1 FY20182.402.45+2.08%+2.94%18.84B19.07B+1.23%+5.05%-7.6%
Q4 FY20175.175.18+0.19%+3.39%22.50B22.54B+0.20%+3.55%-4.0%
Q3 FY20173.283.30+0.61%+0.30%19.04B19.15B+0.61%-0.38%+8.9%
Q2 FY20172.742.79+1.82%-5.42%17.80B19.29B+8.39%-4.69%-4.3%
Q1 FY20172.352.38+1.28%+1.28%17.93B18.16B+1.28%-2.83%-5.0%
Q4 FY20164.885.01+2.66%+3.51%21.21B21.77B+2.67%-1.31%+2.3%
Q3 FY20163.233.29+1.86%-1.50%18.88B19.23B+1.86%-0.27%-2.5%
Q2 FY20162.892.95+2.08%-23.18%19.83B20.24B+2.08%-2.76%-0.2%
Q1 FY20162.092.35+12.44%-19.24%16.62B18.68B+12.44%-4.62%-5.6%
Q4 FY20154.814.84+0.62%-16.70%21.92B22.06B+0.63%-8.51%-4.9%
Q3 FY20153.303.34+1.21%-9.24%19.05B19.28B+1.21%-13.92%-5.7%
Q2 FY20153.783.84+1.59%-11.11%20.49B20.81B+1.59%-13.44%-5.9%
Q1 FY20152.802.91+3.93%+18.29%18.85B19.59B+3.93%-11.90%-1.1%
Q4 FY20145.415.81+7.39%-5.22%22.45B24.11B+7.39%-12.95%-3.1%
Q3 FY20144.303.68-14.42%-7.77%26.29B22.40B-14.81%-4.03%-3.5%
Q2 FY20144.294.32+0.70%+10.49%23.88B24.05B+0.70%-3.52%+0.0%
Q1 FY20142.542.46-3.15%-18.00%23.22B22.24B-4.22%-5.01%-3.3%
Q4 FY20135.996.13+2.34%+13.73%26.76B27.70B+3.51%-5.48%-3.3%
Q3 FY20133.963.99+0.76%+10.22%23.16B23.34B+0.76%-5.69%-6.4%
Q2 FY20133.703.91+5.68%+11.40%23.37B24.92B+6.66%-3.33%+1.8%
Q1 FY20133.053.00-1.64%+7.91%23.80B23.41B-1.64%-5.13%-8.3%
Q4 FY20125.255.39+2.67%+14.44%28.54B29.30B+2.67%-0.62%+4.4%
Q3 FY20123.613.62+0.28%+10.37%24.68B24.75B+0.28%-5.39%-4.9%
Q2 FY20123.423.51+2.63%+13.59%25.12B25.78B+2.63%-3.32%-0.9%
Q1 FY20122.652.78+4.91%+15.35%23.52B24.67B+4.91%+0.27%-3.5%
Q4 FY20114.624.71+1.95%+12.68%28.92B29.49B+1.95%+1.61%+4.4%
Q3 FY20113.223.28+1.86%+16.31%25.68B26.16B+1.86%+7.77%-4.1%
Q2 FY20113.033.09+1.98%+18.39%26.15B26.67B+1.98%+12.41%+5.7%
Q1 FY20112.302.41+4.78%+22.34%23.48B24.61B+4.78%+7.65%-0.4%
Q4 FY20104.084.18+2.45%+16.43%28.32B29.02B+2.45%+6.57%+3.4%
Q3 FY20102.752.82+2.55%+17.50%23.67B24.27B+2.55%+2.99%-3.4%
Q2 FY20102.582.61+1.16%+12.50%23.45B23.72B+1.16%+2.03%-2.5%
Q1 FY20101.931.97+2.07%+15.88%22.39B22.86B+2.08%+5.28%-1.9%
Q4 FY20093.473.59+3.46%+9.45%26.32B27.23B+3.45%+0.83%-2.9%
Q3 FY20092.382.40+0.84%+17.07%23.37B23.57B+0.84%-6.86%-5.0%
Q2 FY20092.022.32+14.85%+17.17%20.24B23.25B+14.85%-13.31%+4.3%
Q1 FY20091.661.70+2.41%+3.03%21.20B21.71B+2.41%-11.39%+1.9%
Q4 FY20083.033.28+8.25%+17.14%24.95B27.01B+8.26%-12.08%+11.5%
Q3 FY20082.032.05+0.99%+22.02%25.06B25.30B+0.99%+4.90%-0.8%
Q2 FY20081.821.98+8.79%+32.00%24.65B26.82B+8.79%+15.75%+2.7%
Q1 FY20081.451.65+13.79%+36.36%21.53B24.50B+13.79%+14.45%+2.2%
Q4 FY20072.682.80+4.48%+23.89%27.63B30.72B+11.18%+16.99%+2.3%
Q3 FY20071.671.68+0.60%+15.86%23.98B24.12B+0.60%+9.50%-3.2%
Q2 FY20071.471.50+2.04%+15.38%23.30B23.17B-0.54%+8.73%+4.3%
Q1 FY20071.211.210.00%+12.04%22.03B21.41B-2.82%+6.63%-2.4%
Q4 FY20062.192.26+3.20%+7.11%25.44B26.26B+3.20%+7.50%-3.3%
Q3 FY20061.351.45+7.41%+15.08%21.06B22.03B+4.60%+2.31%+3.3%
Q2 FY20061.291.30+0.78%+16.07%21.72B21.31B-1.89%-4.31%+2.4%
Q1 FY20061.051.08+2.86%+27.06%20.09B20.08B-0.05%-12.36%-1.7%
Q4 FY20051.942.11+8.76%+16.57%22.46B24.43B+8.76%-11.05%+1.0%
Q3 FY20051.131.26+11.50%+7.69%19.31B21.53B+11.50%-7.79%+1.1%
Q2 FY20051.031.12+8.74%-3.45%20.48B22.27B+8.74%-3.58%+2.3%
Q1 FY20050.900.85-5.56%-8.60%24.26B22.91B-5.56%+3.31%-8.3%
Q4 FY20041.761.81+2.84%+16.03%26.68B27.46B+2.92%+5.97%-1.9%
Q3 FY20041.141.17+2.63%+14.71%22.75B23.35B+2.63%+8.49%+4.0%
Q2 FY20041.121.16+3.57%+19.59%22.30B23.10B+3.57%+6.78%+0.3%
Q1 FY20040.930.930.00%+17.72%22.18B22.18B0.00%+10.52%-1.3%
Q4 FY20031.501.56+4.00%+16.42%24.88B25.91B+4.17%+9.41%+1.4%
Q3 FY20031.021.020.00%+3.03%21.52B21.52B0.00%+8.58%-3.7%
Q2 FY20030.980.97-1.02%+8.99%21.85B21.63B-1.01%+10.08%-3.9%
Q1 FY20030.800.79-1.25%+16.18%20.32B20.07B-1.23%+11.29%+3.4%
Q4 FY20021.301.34+3.08%+0.75%22.96B23.68B+3.17%+3.76%-5.5%
Q3 FY20020.960.99+3.13%+10.00%19.20B19.82B+3.23%+0.19%+11.2%
Q2 FY20020.830.89+7.23%-26.45%18.33B19.65B+7.23%-5.68%+1.9%
Q1 FY20020.680.680.00%-32.00%18.03B18.03B0.00%-14.32%+4.9%
Q4 FY20011.321.33+0.76%-10.14%22.65B22.83B+0.76%-10.89%-4.7%
Q3 FY20010.890.90+1.12%-16.67%19.56B19.78B+1.12%-9.17%+1.0%
Q2 FY20011.151.21+5.22%+14.15%19.80B20.83B+5.22%-3.77%-0.3%
Q1 FY20010.981.00+2.04%+20.48%19.90B21.04B+5.73%+8.77%+7.5%
Q4 FY20001.461.48+1.37%+32.14%25.27B25.62B+1.39%+5.93%+12.0%
Q3 FY20001.081.080.00%+20.00%21.78B21.78B0.00%+3.01%-15.5%
Q2 FY20001.001.06+6.00%+16.48%20.43B21.65B+6.00%-1.16%+13.0%
Q1 FY20000.780.83+6.41%+6.41%18.18B19.35B+6.41%-4.77%-6.3%
Q4 FY19991.061.12+5.66%-9.68%22.81B24.18B+6.00%+7.29%+1.1%
Q3 FY19990.890.90+1.12%+15.38%20.91B21.14B+1.12%+5.22%-14.9%
Q2 FY19990.880.91+3.41%+18.18%21.18B21.91B+3.41%+16.37%-4.7%
Q1 FY19990.700.78+11.43%+47.17%18.23B20.32B+11.43%+15.32%+13.2%
Q4 FY19981.221.24+1.64%+14.81%22.17B22.54B+1.67%-4.99%-8.7%
Q3 FY19980.770.78+1.30%+13.04%19.84B20.10B+1.30%+8.01%+3.5%
Q2 FY19980.750.77+2.67%+5.48%18.33B18.82B+2.67%-0.26%+5.0%
Q1 FY19980.530.530.00%-10.17%17.62B17.62B0.00%+1.79%+6.1%
Q4 FY19971.071.08+0.93%+10.20%23.50B23.72B+0.94%+10.24%-7.6%
Q3 FY19970.680.69+1.47%+13.11%18.34B18.61B+1.47%+3.01%+7.9%
Q2 FY19970.710.73+2.82%+15.87%18.35B18.87B+2.82%+3.79%-0.7%
Q1 FY19970.580.59+1.72%+7.27%17.01B17.31B+1.72%+4.52%+7.9%
Q4 FY19960.990.98-1.01%+6.52%21.74B21.52B-1.00%-1.83%-6.0%
Q3 FY19960.610.610.00%+7.02%—18.06B—+7.81%-2.4%
Q2 FY19960.610.63+3.28%-14.86%—18.18B—+3.72%+0.2%
Q1 FY19960.600.55-8.33%+3.77%—16.56B—+5.24%+0.2%
Q4 FY19950.880.92+4.55%+76.92%—21.92B—+10.17%+6.0%
Q3 FY19950.610.57-6.56%+90.00%—16.75B—+8.57%-0.5%
Q2 FY19950.600.74+23.33%+164.29%—17.53B—+14.20%-5.4%
Q1 FY19950.340.53+55.88%+278.57%—15.74B—+17.66%+3.0%
Q4 FY19940.450.52+15.56%+225.00%—19.90B—+2.58%-0.3%
Q3 FY19940.230.30+30.43%——15.43B—+4.67%-0.5%
Q2 FY19940.170.28+64.71%——15.35B—-1.08%-1.5%
Q1 FY19940.030.14+446.23%——13.37B—+2.41%+0.7%
Q4 FY19930.170.16-5.88%——19.40B—-0.84%-3.2%
Q3 FY1993-0.07-0.03+57.14%——14.74B——-0.5%
Q2 FY1993-0.05-0.02+60.00%-106.25%—15.52B—-4.35%-0.3%
Q1 FY1993-0.13-0.12+7.69%——13.06B——-3.0%
Q4 FY1992—-0.02———14.70B—-33.42%-3.1%
Q4 FY1992—-2.40———19.56B—-11.42%-0.5%
Q2 FY1992—0.32—+540.00%—16.22B—+10.13%+0.4%
Q4 FY1991—0.26—-75.93%—14.04B—-39.13%-0.8%
Q4 FY1991—-0.64—-159.52%—22.08B—-4.25%+1.4%
Q3 FY1991—0.08—-83.67%—14.43B—-5.52%-0.9%
Q2 FY1991—0.05—-91.94%—14.73B—-10.69%+1.3%
Q4 FY1990—0.24—-7.69%—13.55B—-33.80%-1.4%
Q4 FY1990—1.08—+315.38%—23.06B—+12.70%-0.8%
Q3 FY1990—0.49—+28.95%—15.28B—+6.79%+2.5%
Q2 FY1990—0.62—+6.90%—16.50B—+8.43%+0.9%
Q4 FY1989—0.46—-53.54%—14.19B—-32.25%-0.2%
Q4 FY1989—0.26—-73.74%—20.46B—-2.27%+4.1%
Q3 FY1989—0.38—-28.30%—14.31B—+2.47%-0.6%
Q2 FY1989—0.58—+41.46%—15.21B—+11.87%+0.3%
Q4 FY1988—0.41—-52.33%—12.73B—-29.32%-0.6%
Q4 FY1988—0.99—+15.12%—20.94B—+16.25%0.0%
Q3 FY1988—0.53—+6.00%—13.96B—+9.69%-0.4%
Q2 FY1988—0.41—-16.33%—13.60B—+59.80%-0.6%
Q4 FY1987—0.39—-31.58%—11.75B—-30.66%-0.1%
Q4 FY1987—0.86—+50.88%—18.01B—+6.29%+4.5%
Q3 FY1987—0.50—+13.64%—12.73B—+6.86%+2.6%
Q2 FY1987—0.49—-7.55%—8.51B—-30.63%+0.9%
Q4 FY1986—0.33—-69.72%—6.50B—-62.11%+0.7%
Q4 FY1986—0.57—-47.71%—16.95B—-1.22%+1.7%
Q3 FY1986—0.44—-26.67%—11.91B—+1.81%-1.1%
Q2 FY1986—0.53———12.27B——+1.5%
Q4 FY1985—0.42———10.13B——-1.6%
Q4 FY1985—1.09———17.16B——-2.2%
Q3 FY1985—0.60———11.70B——+2.2%

The move is the shares' change on the trading day after the report: after a report after the close, the next day's close on the report day's; before the open, the report day's close on the day before's. Surprise is the reported figure against the analysts' average estimate.

Q4 FY2026

What the market is waiting for

From the last earnings call, the company's guidance and analysts' previews, and checked against the report when it comes.

High importanceWaiting for 27 Jan

Recurring software sales

ExpectedRecurring software revenue growth of about 10%company guidance
The resultComes with the report on 27 Jan

Sustained growth would help show that the software rebound was not just due to delayed deals closing.

Beat record

On average, analysts' EPS estimate was 5.5% off the result, either way, and their revenue estimate 1.3%, over the last 12 quarters.

EPS beats
116 / 135
Revenue beats
96 / 120
Average EPS surprise, last 12
+5.4%
Since
April 1993

See also:Forecast,EPS,Income statement

Common questions about International Business Machines's earnings

Source: Financial Modeling Prep