International Business Machines Corporation (IBM) Guidance & Earnings Results

On 2026-10-21 International Business Machines Corporation raised guidance: "FY26 constant currency revenue growth 4-5% (reaffirmed); FY26 free cash flow increase >$1B YoY (raised from prior…" — from its own filing, as read by EquiReason.

Source: SEC EDGAR filings · figures as of 2026-09-30 · read by EquiReason

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Market cap: 239.6B
P/E TTM: 21.6
Dividend yield: 2.7%
52-week: —
Next earnings: 26 Jan, in 94 days

What management guided

each earnings 8-K · figures checked against the filing text

Release	Direction	What they said
21 Oct 26	Raised	FY26 constant currency revenue growth 4-5% (reaffirmed); FY26 free cash flow increase >$1B YoY (raised from prior expectation) · full year
22 Jul 26	Raised	FY26 constant currency revenue growth raised to 4-5% from prior; free cash flow ~$1B YoY increase (unchanged); pre-tax income margin expansion expected. · full year
14 Jul 26	Lowered	Full-year expectations to be discussed on July 22 call; preliminary results show revenue shortfall · full year
22 Apr 26	Reaffirmed	Full-year constant currency revenue growth >5%; free cash flow increase ~$1B YoY · full year
28 Jan 26	Raised	FY2026 constant currency revenue growth >5%; free cash flow to increase ~$1B YoY. · full year
22 Oct 25	Raised	Constant currency revenue growth >5% (from prior); free cash flow ~$14B (from prior) · full year

International Business Machines Corporation — questions

What guidance did International Business Machines Corporation give?: On 2026-10-21: "FY26 constant currency revenue growth 4-5% (reaffirmed); FY26 free cash flow increase >$1B YoY (raised from prior expectation)"
When does International Business Machines Corporation report earnings?: International Business Machines Corporation's next earnings report is expected on 2027-01-26.

Every figure on this page comes from International Business Machines Corporation's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.

How these figures are read: methodology · EquiReason.

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