IBM Stock Gains on Undervaluation and Quantum Partnership
International Business Machines Corporation (IBM) stock is trading near an undervalued level according to intrinsic value models. As of September 9, 2026, it stands at USD 239.94, just below the GF Value metric's estimate of USD 242.57. This implies a 1.1% undervalue, according to GuruFocus.
The company has announced a strategic partnership with Lockheed Martin and armasuisse to build a quantum innovation hub at ETH Zurich. The collaboration will bring together academia, industry, and defense stakeholders around IBM's Quantum Nighthawk processor, accelerating the development of quantum algorithms and industrial applications.
IBM reported Q2 2026 revenue of USD 17.16 billion, slightly below analysts' expectations but up 1.1% year-over-year. Earnings per share were USD 2.93, meeting consensus estimates and improving from USD 2.80 in the prior quarter.