International Business Machines Corporation (IBM)
Coverage summary
Aardvark Labs Capital Research has covered International Business Machines Corporation (IBM) since July 24, 2025. The company is in the Technology sector. This page lists 6 reports: 6 earnings recaps.
The latest is the Q3 2026 Earnings Recap, published October 25, 2026. The current rating is Hold, unchanged since the Q2 2026 Earnings Recap of July 23, 2026. The rating has changed 4 times since coverage began.
Translations: 5 in Chinese.
Rating history
All IBM reports
Recap: Q3 2026
Deferral Confirmed: Software Snaps Back to 9% and the Cash Guide Rises, but a 22% Rally Already Paid for the Recovery
Recap: Q2 2026
The Reacceleration Thesis Cracks: After a Record Crash and a Cut Guide, We Step Back to Hold on IBM
Recap: Q1 2026
Punished for the Sin of Not Raising: With Red Hat Reaccelerating and the Multiple Reset, We Upgrade IBM Back to Outperform
Recap: Q4 2025
The Thesis Delivered in Full; With the Inflection Now Priced and 2026 Set to Digest the Z Cycle, We Downgrade IBM to Hold
Recap: Q3 2025
The Acceleration Arrives: All Segments Speed Up, Guidance Raised Twice, and We Upgrade IBM to Outperform
Recap: Q2 2025
Software Stumble Overshadows a Clean Beat; Initiating IBM at Hold as the Re-Rating Outruns the Growth