Stocks
IBM Stock Gains as Earnings Approach Amid Revenue Miss
IBM stock has gained 0.79 percent as it approaches its next reported earnings date on October 21, 2026.
The company's latest quarterly revenue was USD 17.16 billion, missing an estimate of USD 17.86 billion by USD 0.70 billion. This represents a 2.66 percent EPS miss compared to the previous quarter.
Revenue growth remains narrow at 1.1 percent year-over-year, with infrastructure revenue declining 7 percent in the quarter and consulting revenue remaining flat.
The valuation picture is divided among analysts, with Oppenheimer rating IBM as Outperform with a USD 350 price target, while HSBC carries a Reduce rating and a USD 191 target. The spread between these targets is USD 159, wider than the stock's 52-week range of USD 199.19 to USD 332.46.