Insider buying last 90 days
No open-market insider purchases were filed for IBM in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every IBM insider filing, plotted on the chart in Gekko.Open IBM in Gekko
NYSE: IBM
International Business Machines (IBM) Stock Analysis & Forecast
$229.55−8.20 (−3.4%)
Close on Sep 18, 2026. Page updated Sep 19, 9:18 pm ET.
Gekko Brief
AI summaryIBM closes at $229.55, down 3.4%, and sits below both its 50-day average of $232.19 and its 200-day average of $259.62, with the shorter average also below the longer one. The GekkoIndex reads 63, placing the stock in the Accumulation zone. Price stands 15.8% below Gekko Fair Value of $272.63.
Coverage this week centers on IBM's software and mainframe mix. One report notes second-quarter revenue grew 1% year over year, with management guiding to 4% to 5% constant-currency growth for 2026 and free cash flow still expected to rise by about $1 billion this year; April's dividend increase marked the 31st consecutive year of raises. Another piece frames IBM against Nokia, citing a 42% collapse in mainframe revenue and a 20% stock decline, contrasted with Nokia's 63% year-to-date gain tied to AI and cloud infrastructure demand. A separate summary flags slowing software growth in the quarter, with recurring revenue, Red Hat and data products noted as potential offsets to weakness in transaction processing. Several institutional holders, including Nykredit A/S with a $73.5 million purchase, adjusted their positions during the period.
Earnings are set for 21 October 2026 after close, 31 days out and beyond a typical 20-trading-day hold; the prior quarter's EPS of $2.93 matched estimates and drew a -1.8% reaction. Over the last 90 days, Congress recorded 2 buys and 0 sells. Seasonally, the next 20 trading days have averaged a 2.2% gain over 5 years, rising in 3 of them. The gap to Gekko Fair Value bears watching.
Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.
Price vs fair value
Close $229.55200-day averageGekko Fair Value $272.63
Key stats
- Market cap
- $216.3B
- P/E ratio
- 21.1
- Forward P/E
- 17.9
- EPS, TTM
- $11.27
- Revenue, TTM
- $69.09B
- Profit margin
- 15.5%
- Dividend yield
- 2.83%
- Beta
- 0.71
- Volume
- 13.23M avg 5.09M
- 1-year return
- −11.4%
- Typical daily move
- ±3.1%
- Typical 20-day move
- ±5.3%
- 50-day average
- $232.19
- 200-day average
- $259.62
- Next earnings
- Oct 21 after close
- Shares outstanding
- 942.1M
International Business Machines swing-trade checklist
International Business Machines scores 5 supportive, 0 mixed and 1 headwind across the 6 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
5 supportive0 mixed1 headwind
- Trendheadwind
Below 50 and 200-day
Close $229.55 is below the 50-day ($232.19) and 200-day ($259.62) averages, and the 50-day is below the 200-day.
See the chart - GekkoIndexsupportive
63, Accumulation
Reading 63 is in the Accumulation zone.
See the GekkoIndex - Fair valuesupportive
15.8% below
Price is 15.8% below Gekko Fair Value (more than 5% below).
See fair value - Smart moneysupportive
Leans bullish
Last 90 days: Congress 2 buys / 0 sales.
See smart money - Earnings risksupportive
Reports in 31 days
Next report Oct 21, 2026, 31 days away — outside a typical 20-trading-day hold.
See earnings - Seasonalitysupportive
+2.2% on average
From this point in the calendar, the next 20 trading days averaged +2.2% over 5 years, rising in 3 of them.
See seasonality
A description of current data, not a recommendation. How this page works
International Business Machines stock chart and price history
International Business Machines closed at $229.55 on Sep 18, 2026, −11.4% over the past year, inside a 52-week range of $199.19 to $332.46.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- −3.2%
- 3 months
- −7.8%
- 6 months
- −8.3%
- 1 year
- −11.4%
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About International Business Machines
International Business Machines provides technology products and services to organizations worldwide, spanning cloud platforms, software, consulting and computing infrastructure. It is known for its hybrid cloud offerings, including Red Hat's open-source technology, along with tools for business automation, data management, artificial intelligence and security, and transaction-processing software used by banks, airlines and retailers.
The company organizes its work into four areas. Software covers cloud platforms, automation, security and data-related tools. Consulting handles business strategy, process redesign, analytics and system integration, along with technology and cloud application services. Infrastructure supplies servers, storage and hybrid cloud support for regulated and demanding workloads, plus refurbishment of used equipment. Financing offers leasing, installment plans, loans and short-term capital to support customer purchases.
International Business Machines traces its origins to 1911, when it was founded as the Computing-Tabulating-Recording Co., and is now headquartered in Armonk, New York. Its shares are listed on the NYSE under the ticker IBM.
- Listed
- NYSE
- Sector
- Technology services
- Industry
- Information technology services
- Website
- ibm.com
International Business Machines GekkoIndex: the smart money zone
International Business Machines’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 63, in the Accumulation zone, up 7.6 points over five sessions.
63Accumulation
Up 7.6 points over five sessions, from the Neutral zone.
Reading for Sep 18, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days |
|---|---|---|---|
| Buying | 38 | −0.7% | +2.2% |
| Accumulation (current zone) | 185 | +1.1% | +4.4% |
| Neutral | 373 | +0.3% | −0.2% |
| Distribution | 56 | 0.0% | +0.9% |
| Selling | 10 | −2.2% | −2.0% |
Average IBM share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.
Accumulation zone: Institutional interest building. About the five zones →
See every daily GekkoIndex reading plotted over the IBM price, zone by zone.Track IBM in Gekko
Is International Business Machines stock overvalued? Gekko Fair Value
International Business Machines trades 15.8% below Gekko Fair Value of $272.63, so the shares are undervalued on Gekko’s estimate.
Gekko’s own estimate of what International Business Machines shares are worth, recalculated every trading day.
$272.63
Gekko Fair Value, Sep 19, 2026
15.8% Undervalued
Gekko Fair Value on every chart, with the gap to price updating daily.Open IBM in Gekko
International Business Machines insider and Congress trading
No open-market insider purchases were filed for International Business Machines, and members of Congress disclosed 2 purchases and 0 sales, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
2trades disclosed: 2 purchases and 0 sales.
| Member | Amount | Disclosed |
|---|---|---|
| Gilbert Cisneros House, CA, purchase | $1,001 - $15,000 | Sep 11 traded Aug 18 |
| Ro Khanna House, CA, purchase | $1,001 - $15,000 | Aug 12 traded Jul 7 |
From congressional disclosures, which report amounts as ranges.
Buybacks
International Business Machines has been buying back its own shares.
- Bought back, quarter ended Jun 30, 2026
- $115.0M
- As a share of market cap
- 0.05%
- Trailing four quarters
- $1.05B
From company filings.
Hedge funds and billionaires quarter ended Jun 30
0of the funds Gekko tracks hold IBM.
0added0opened0trimmed1sold out
Which funds are on each side, name by name.Unlock in Gekko
International Business Machines earnings: next date and track record
International Business Machines reports on Oct 21, 2026, after the close (31 days away), and beat the EPS estimate in 7 of its last 8 reports.
Next earnings report
Oct 21, 2026
Expected after the close, 31 days away
- EPS estimate
- $2.90
- Revenue estimate
- $16.81B
7 of 8reports beat the EPS estimate
±6.3%average move across the report
3 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Jul 22, 2026 AI summary
- What they said
- IBM reported Q2 2026 results that fell short of expectations due to late-quarter deal slippage tied to customers reallocating CapEx toward infrastructure (servers, storage, memory) amid supply-driven price dynamics. Management emphasized that the shortfall was concentrated in a CapEx-sensitive portion of transaction processing (TPP) and mainframe-related software deals, while about 80% of software revenue is recurring and showed healthy growth (data +18%, automation +3%). The company delivered 1% revenue growth, 30 bps operating pretax margin expansion, 5% diluted operating EPS growth, and generated $4.8 billion of free cash flow in the first half. Management characterized the June shortfall largely as timing/deferred demand rather than structural loss of demand, noting about one-third of slipped large deals had already closed early in July. IBM reiterated confidence in its AI strategy, highlighted strong mainframe program-to-program metrics (~129-130%), and reiterated operational priorities (driving subscription/consumption growth, protecting supply chains for infrastructure, and focusing on free cash flow and operating leverage). The company narrowed its full-year revenue guidance to 4%-5% (from prior 5%+), kept free cash flow expectations in place, and guided full-year software growth at 6%-8%.
- Guidance
- Full-year revenue guide narrowed to 4% to 5% (previously 5%+). Software full-year growth guide 6% to 8%. Management reiterated free cash flow expectations (maintained guidance) and expects operating pretax margin expansion (~100 bps uplift referenced), and that mainframe program-to-program will remain at high 120%+ throughout 2026.
- Risks flagged
- Dynamic technology spending environment with clients reprioritizing CapEx; supply-constrained infrastructure and volatile hardware pricing that can shift customer budgets; timing risk from large enterprise license agreement (ELA) closures; inventory, higher cash taxes, and net interest expense can pressure free cash flow; potential unpredictability in conversion of deferred deals and sensitivity of transaction-processing software to CapEx cycles.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Jul 22, 2026 | $2.93 est $2.93 | $17.16B est $17.48B | −1.8% |
| Apr 22, 2026 | $1.91 est $1.81 | $15.92B est $15.63B | −9.6% |
| Jan 28, 2026 | $4.52 est $4.29 | $19.69B est $19.19B | +5.2% |
| Oct 22, 2025 | $2.65 est $2.45 | $16.33B est $16.09B | +1.0% |
| Jul 23, 2025 | $2.80 est $2.65 | $16.98B est $16.59B | −7.6% |
| Apr 23, 2025 | $1.60 est $1.42 | $14.54B est $14.39B | −4.8% |
| Jan 29, 2025 | $3.92 est $3.77 | $17.55B est $17.56B | +14.5% |
| Oct 23, 2024 | $2.30 est $2.22 | $14.97B est $15.08B | −6.0% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
International Business Machines stock forecast and analyst price targets
Analysts’ average 12-month price target for International Business Machines is $245.35, +6.9% from the last close, from 18 firms rating the stock in the last 90 days.
$245.35consensus 12-month target, +6.9% from the last close
Now $229.55Avg $245.35
Low $190High $350
Each firm’s latest rating in the last 90 days: 18 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Aug 31 | Susquehanna | $235 | +2.4% |
| Aug 19 | RBC Capital | $270 | +17.6% |
| Jul 24 | Susquehanna | $225 | −2.0% |
| Jul 24 | Citi | $245 | +6.7% |
| Jul 24 | Morgan Stanley | $190 | −17.2% |
+4.4%average 20-day move after past Accumulation readings
+2.2%average move over the next 20 trading days in the last 5 years
±3.1%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
International Business Machines seasonality: the next 20 trading days
Over the next 20 trading days from Sep 19, International Business Machines averaged +2.2% across the last 5 years, rising in 3 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | +1.2% | 3 of 5 |
| Next 10 trading days | +1.7% | 3 of 5 |
| Next 15 trading days | +1.7% | 3 of 5 |
| Next 20 trading days | +2.2% | 3 of 5 |
| Next 30 trading days | +2.4% | 2 of 5 |
For scale, IBM’s typical 20-trading-day move in either direction is about 5.3%.
International Business Machines market cap and key statistics
International Business Machines’s market cap is $216.3B, with a P/E ratio of 21.1 and revenue of $69.09B over the last twelve months.
Valuation
- Market cap
- $216.3B
- P/E ratio
- 21.1
- Forward P/E
- 17.9
- EPS, TTM
- $11.27
- Gekko Fair Value
- $272.63
Trading
- Volume
- 13.23M
- Avg volume, 20 days
- 5.09M
- 52-week high
- $332.46
- 52-week low
- $199.19
- Shares outstanding
- 942.1M
Financials
- Revenue, TTM
- $69.09B
- Profit margin
- 15.5%
- Return on equity
- 34.5%
- Quarterly earnings growth, YoY
- −1.8%
Risk and income
- Beta
- 0.71
- Typical daily move
- ±3.1%
- Typical 20-day move
- ±5.3%
- Dividend yield
- 2.83%
International Business Machines stock news this week
Coverage of International Business Machines this week reads neutral: 4 positive, 5 neutral and 2 negative headlines.
- I Think IBM Stock Will Be Higher in 5 Years. I Still Wouldn't Buy It Today.The Motley Fool, Sep 19
- IBM Has Raised Its Dividend for 31 Years. Inflation Is Still Winning24/7 Wall Street, Sep 19
- Nykredit A S Buys Shares of 261,487 International Business Machines Corporation $IBMMarketBeat, Sep 19
- In AI Infrastructure Race, Nokia’s Optical Bet Outpaces IBM’s Software PivotYahoo Finance, Sep 18
- IBM Software Growth Slows: Will Recurring Revenue Support Recovery?Zacks Investment Research, Sep 18
- Van Hulzen Asset Management LLC Has $31.69 Million Stock Holdings in International Business Machines Corporation $IBMMarketBeat, Sep 18
International Business Machines peers
International Business Machines’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| FTNTFortinet | Neutral | 29.1% above |
| NETCloudflare | Neutral | 14.0% above |
| ACNAccenture | Neutral | 5.3% below |
| WDAYWorkday | Neutral | 15.8% above |
| CRDOCredo Technology | Accumulation | 26.9% below |
| HPQHP | Neutral | 9.3% above |
A peer links to its own page where one exists.
International Business Machines stock FAQ
What is International Business Machines’s market cap?
International Business Machines’s market cap is $216.3B at the Sep 18, 2026 close of $229.55, with 942.1M shares outstanding. The shares trade on a P/E ratio of 21.1.
What is the International Business Machines stock forecast?
The consensus analyst 12-month price target for International Business Machines is $245.35, +6.9% from the last close. Of the 18 firms that rated the stock in the last 90 days, 12 rate it a buy, 5 a hold and 1 a sell. Gekko doesn’t publish price predictions of its own.
Is International Business Machines stock overvalued or undervalued?
On Gekko’s estimate International Business Machines is undervalued: the Sep 18, 2026 close of $229.55 is 15.8% below Gekko Fair Value of $272.63. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does International Business Machines report earnings next?
International Business Machines is expected to report on Oct 21, 2026, after the market closes (31 days away). Analysts expect earnings of $2.90 per share on revenue of $16.81B. International Business Machines beat the earnings estimate in 7 of its last 8 reports, moving 6.3% on average across the report.
What is International Business Machines’s 52-week high and low?
International Business Machines’s 52-week high is $332.46 and its 52-week low is $199.19; it closed at $229.55 on Sep 18, 2026, −11.4% over the past year.
Is International Business Machines stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 5 of the 6 items with data read as supportive (gekkoindex, fair value, smart money, earnings risk and seasonality) and 1 as a headwind (trend). The checklist is a description of current data, not a recommendation.
How this page works
Prices and signals update after every US market close; the GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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