IBM Earnings Estimate

IBM Stock

USD 228.05 -3.93 -1.69%

IBM next estimated EPS is 3.03 for 30th of June 2026. The current analyst range runs from 2.16 to 3.16. The last reported EPS was 1.91 as of 31st of March 2026. Review consensus EPS, actual EPS, and quarterly surprise history below. For broader company context, return to IBM overview.

Macro event markers

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Interest Hikes

IBM has a market cap of 218.03 B, an operating margin of 13.81% on a trailing twelve-month basis, compared to 11.0% in the last reported annual period, current ratio of 0.95. Sector concentration and correlation with existing positions affect diversification impact. Broader economic conditions can influence International Business Machines's company valuation - related indicators include signals in bureau of labor statistics.

Earnings Estimation Breakdown

21 analysts contribute to the current consensus. The last reported EPS was 1.91 as of 31st of March 2026.

Last Reported EPS

1.91

2.16

Lowest

3.03

Expected EPS

3.16

Highest

Analyst estimate range around the current expected EPS projection.

Earnings Projection Consensus

Number of Analysts	Historical Accuracy	Last Reported EPS		Estimated EPS for 30th of June 2026	Current EPS (TTM)
21	95.43%	1.91		3.03	11.30

Earnings History

Quarterly gross profit history for IBM is shown below using reported financial data.

IBM Quarterly Gross Profit

8.95 Billion

Mean reversion analysis in IBM's involves identifying price extremes that diverge materially from the historical norm. High prices relative to historical norms contrast with unusually low prices, where recovery expectations may emerge. Mean reversion in IBM is distinct from trend following, which rides momentum rather than betting on reversals.

Sentiment

Range

Low	Sentiment	High
229.05	232.00	234.95

Details

Intrinsic

Valuation

Low	Intrinsic	High
208.57	372.94	375.89

Details

Naive

Forecast

Low	Next	High
238.14	241.09	244.05

Details

Analyst

Consensus

Low	Target	High
258.60	284.18	315.44

Details

IBM's financial and valuation profile is evaluated here relative to direct competitors. IBM's multiples and operating metrics gain context when measured against direct competitors. Growth rates, profitability, and capital efficiency relative to peers frame IBM's competitive position.

Earnings per Share Projection vs Actual

This chart compares actual EPS with consensus estimates and the current high-low analyst range by reporting date.

Estimated Months Earnings per Share

This chart shows the estimate series used for upcoming reporting periods.

Quarterly Analyst Estimates and Surprise Metrics

The table below lists reported EPS, estimated EPS, and the reported surprise for each available quarter.

Reported	Fiscal Date	Estimated EPS	Reported EPS	Surprise
2026-04-22	2026-03-31	1.81	1.91	0.1	5
2026-01-28	2025-12-31	4.29	4.52	0.23	5
2025-10-22	2025-09-30	2.45	2.65	0.2	8
2025-07-23	2025-06-30	2.65	2.8	0.15	5
2025-04-23	2025-03-31	1.08	1.12	0.04	3
2025-01-29	2024-12-31	3.78	3.92	0.14	3
2024-10-23	2024-09-30	2.23	2.3	0.07	3
2024-07-24	2024-06-30	2.17	2.43	0.26	11
2024-04-24	2024-03-31	1.6	1.68	0.08	5
2024-01-24	2023-12-31	3.78	3.87	0.09	2
2023-10-25	2023-09-30	2.13	2.2	0.07	3
2023-07-19	2023-06-30	2	2.18	0.18	9
2023-04-19	2023-03-31	1.24	1.36	0.12	9
2023-01-25	2022-12-31	3.61	3.6	-0.01	0
2022-10-19	2022-09-30	1.8	1.81	0.01	0
2022-07-18	2022-06-30	2.29	2.31	0.02	0
2022-04-19	2022-03-31	1.42	1.4	-0.02	1
2022-01-24	2021-12-31	3.29	3.35	0.06	1
2021-10-20	2021-09-30	2.51	2.52	0.01	0
2021-07-19	2021-06-30	2.29	2.33	0.04	1
2021-04-19	2021-03-31	1.65	1.77	0.12	7
2021-01-21	2020-12-31	1.88	2.07	0.19	10
2020-10-19	2020-09-30	2.58	2.58	0.0	0
2020-07-20	2020-06-30	2.09	2.18	0.09	4
2020-04-20	2020-03-31	1.8	1.84	0.04	2
2020-01-21	2019-12-31	4.69	4.71	0.02	0
2019-10-16	2019-09-30	2.66	2.68	0.02	0
2019-07-17	2019-06-30	3.07	3.17	0.1	3
2019-04-16	2019-03-31	2.24	2.25	0.01	0
2019-01-22	2018-12-31	4.82	4.87	0.05	1
2018-10-16	2018-09-30	3.4	3.42	0.02	0
2018-07-18	2018-06-30	3.04	3.08	0.04	1
2018-04-17	2018-03-31	2.42	2.45	0.03	1
2018-01-18	2017-12-31	5.17	5.18	0.01	0
2017-10-17	2017-09-30	3.28	3.3	0.02	0
2017-07-18	2017-06-30	2.74	2.97	0.23	8
2017-04-18	2017-03-31	2.35	2.38	0.03	1
2017-01-19	2016-12-31	4.88	5.01	0.13	2
2016-10-17	2016-09-30	3.23	3.29	0.06	1
2016-07-18	2016-06-30	2.88	2.95	0.07	2
2016-04-18	2016-03-31	2.17	2.35	0.18	8
2016-01-19	2015-12-31	4.81	4.84	0.03	0
2015-10-19	2015-09-30	3.3	3.34	0.04	1
2015-07-20	2015-06-30	3.79	3.84	0.05	1
2015-04-20	2015-03-31	2.84	2.91	0.07	2
2015-01-20	2014-12-31	5.41	5.81	0.4	7
2014-10-20	2014-09-30	4.32	3.54	-0.78	18
2014-07-17	2014-06-30	4.31	4.32	0.01	0
2014-04-16	2014-03-31	2.54	2.54	0.0	0
2014-01-21	2013-12-31	6	6.13	0.13	2
2013-10-16	2013-09-30	3.96	3.99	0.03	0
2013-07-17	2013-06-30	3.79	3.91	0.12	3
2013-04-18	2013-03-31	3.05	3.0	-0.05	1
2013-01-22	2012-12-31	5.25	5.39	0.14	2
2012-10-16	2012-09-30	3.61	3.62	0.01	0
2012-07-18	2012-06-30	3.43	3.51	0.08	2
2012-04-17	2012-03-31	2.65	2.78	0.13	4
2012-01-19	2011-12-31	4.62	4.71	0.09	1
2011-10-17	2011-09-30	3.22	3.28	0.06	1
2011-07-18	2011-06-30	3.03	3.09	0.06	1
2011-04-19	2011-03-31	2.3	2.41	0.11	4
2011-01-18	2010-12-31	4.08	4.18	0.1	2
2010-10-18	2010-09-30	2.75	2.82	0.07	2
2010-07-19	2010-06-30	2.57	2.61	0.04	1
2010-04-19	2010-03-31	1.94	1.97	0.03	1
2010-01-19	2009-12-31	3.47	3.59	0.12	3
2009-10-15	2009-09-30	2.38	2.4	0.02	0
2009-07-16	2009-06-30	2.01	2.32	0.31	15
2009-04-20	2009-03-31	1.66	1.7	0.04	2
2009-01-20	2008-12-31	3.04	3.28	0.24	7
2008-10-16	2008-09-30	2.02	2.05	0.03	1
2008-07-17	2008-06-30	1.82	1.98	0.16	8
2008-04-16	2008-03-31	1.45	1.65	0.2	13
2008-01-14	2007-12-31	2.6	2.8	0.2	7
2007-10-16	2007-09-30	1.68	1.68	0.0	0
2007-07-18	2007-06-30	1.47	1.5	0.03	2
2007-04-17	2007-03-31	1.21	1.21	0.0	0
2007-01-18	2006-12-31	2.19	2.26	0.07	3
2006-10-17	2006-09-30	1.35	1.45	0.1	7
2006-07-18	2006-06-30	1.29	1.3	0.01	0
2006-04-18	2006-03-31	1.05	1.08	0.03	2
2006-01-17	2005-12-31	1.94	2.11	0.17	8
2005-10-17	2005-09-30	1.13	1.26	0.13	11
2005-07-18	2005-06-30	1.03	1.12	0.09	8
2005-04-14	2005-03-31	0.9	0.85	-0.05	5
2005-01-18	2004-12-31	1.76	1.81	0.05	2
2004-10-18	2004-09-30	1.14	1.17	0.03	2
2004-07-15	2004-06-30	1.12	1.16	0.04	3
2004-04-15	2004-03-31	0.93	0.93	0.0	0
2004-01-15	2003-12-31	1.5	1.56	0.06	4
2003-10-15	2003-09-30	1.02	1.02	0.0	0
2003-07-16	2003-06-30	0.98	0.98	0.0	0
2003-04-14	2003-03-31	0.8	0.79	-0.01	1
2003-01-16	2002-12-31	1.3	1.34	0.04	3
2002-10-16	2002-09-30	0.96	0.99	0.03	3
2002-07-17	2002-06-30	0.86	0.89	0.03	3
2002-04-17	2002-03-31	0.69	0.68	-0.01	1
2002-01-17	2001-12-31	1.32	1.33	0.01	0
2001-10-16	2001-09-30	0.89	0.9	0.01	1
2001-07-18	2001-06-30	1.15	1.15	0.0	0