IBM Stock Holds Near $231 on Steady Profits and AI Focus

International Business Machines Corporation (IBM) stock is trading near $231 as of September 3, 2026, supported by steady second-quarter profits and rising interest in its artificial intelligence offerings.

The company reported revenue of $17.2 billion in Q2 2026, a 1 percent increase from the same period last year. GAAP net income from continuing operations came in at $2.2 billion, with diluted earnings per share of $2.27, slightly below the prior year's $2.31.

On an operating, non-GAAP basis, IBM reported diluted earnings per share of $2.93 in Q2 2026, a 5 percent increase from the previous year, highlighting margin expansion and cost discipline.