IBM Stock Down on Slow Revenue Growth Ahead of Q3 Earnings

IBM's stock price has been affected by its recent earnings report, which showed revenue growth slowing down. On September 25, 2026, at 4:00 p.m. ET, IBM traded on the NYSE at $225.51, a 0.68% decrease from the prior close.

The company's second-quarter revenue came in at $17.16 billion, a 1.10% year-over-year increase but below the expected $17.46 billion consensus estimate. Adjusted earnings per share reached $2.93, matching the consensus and rising from $2.80 in the previous quarter.

Analysts have varying opinions on IBM's stock performance, with some maintaining a Buy rating while others have reduced their price targets. Citi, for example, lowered its target from $255.00 to $245.00 on July 24, 2026.

The next earnings report is scheduled for October 21, 2026, after the market closes, and investors will be closely watching whether revenue growth improves from the current 1.10% level while adjusted EPS remains above $2.93.