IBM (IBM)
Enterprise software, consulting, and infrastructure for hybrid cloud, AI, and mission-critical computing.
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Combines Red Hat hybrid-cloud software, watsonx and Confluent data and AI tools, HashiCorp automation, transaction-processing products, technology consulting, and IBM Z, Power, and storage systems. Revenue comes from software, services, hardware, support, and financing, anchored in large organizations' mission-critical workloads and technology budgets.
Provides enterprise software, consulting, infrastructure, and financing through four reportable segments. Software spans Red Hat hybrid cloud, HashiCorp automation, watsonx and Confluent data and AI tools, and transaction-processing products. Consulting combines strategy and technology services with intelligent operations, while Infrastructure supplies IBM Z mainframes, Power servers, storage, and lifecycle support.
Serves enterprises and public-sector organizations across the Americas, Europe, and Asia-Pacific, linking its own products with partner platforms to modernize and operate critical workloads across on-premises and cloud environments. Long-lived mainframe installations and software and support contracts anchor customer relationships, while demand remains tied to enterprise technology budgets, hardware product cycles, specialized talent, suppliers, and the integration of acquired businesses.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 31, 2026 | Susquehanna | Reiterate | Rating: —Target: $225 | Target: $235 |
| Aug 19, 2026 | Craig-Hallum | Initiate | Rating: — | |
| Jul 24, 2026 | Susquehanna | Reiterate | Rating: —Target: $303 | Target: $225 |
| Jul 23, 2026 | BMO Capital | Reiterate | Rating: —Target: $270 | Target: $230 |
| Jul 23, 2026 | Goldman Sachs | Target | Target: $250 | Target: $270 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $8.13B · Total debt $65.27B · Total assets $152.10B · Shareholders' equity $34.45B
- Revenue
- $17.16B
- Operating income
- $2.62B
- Net income
- $2.17B
HistoryDividendAnnual yield
| Institutions | 65.82% | 620.07M shares | |
|---|---|---|---|
| 3,783 holders · as of Jun 30, 2026 | |||
| Insiders | 0.09% | 803.5K shares | |
| 11 holders · as of Aug 28, 2026 | |||
| Other | 34.09% | 321.26M shares | |
| remainder | |||
942.13M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.15% | 76.76M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.52% | 61.39M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.95% | 56.05M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 3.01% | 28.35M | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 2.49% | 23.45M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | Robert David Thomas | officer: Senior Vice President | −25,000 | $230.32 |
| Feb 25, 2026 | Michael Miebach | director | +434 | $233.33 |
| Feb 25, 2026 | Michelle J. Howard | director | +50 | $237.83 |
| Jan 30, 2026 | David N. Farr | director | +1,000 | $304.00 |
- Microsoft
Broadest rival: Azure, Copilot, and Microsoft Consulting all overlap IBM.
- Accenture
Largest consulting rival, competing for enterprise AI and cloud transformation.
- Amazon
AWS contests IBM hybrid cloud and AI deployments across enterprise accounts.
- Alphabet Class A
Google Cloud and Vertex AI challenge IBM hybrid cloud and watsonx AI.
- Oracle
Principal rival in enterprise database, cloud infrastructure, and ERP software.
- SAP (ADR)
Enterprise software rival contesting IBM automation and AI at Fortune 500.
- Hewlett Packard Enterprise
Primary Infrastructure rival: GreenLake contests IBM servers and storage.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| IBM | $231.23 | −0.30% | $218.51B | 20.5 | 18.1 | 3.2 | +1.1% |
| Microsoft | $497.75 | −0.77% | $3.72T | 27.9 | 25.4 | 11.2 | +17.8% |
| Accenture | $182.63 | −1.87% | $113.89B | 14.9 | 12.7 | 1.6 | +5.6% |
| Amazon | $257.21 | −0.48% | $2.78T | 20.8 | 27.6 | 3.6 | +19.6% |
| Alphabet Class A | $361.49 | +1.84% | $4.30T | 17.8 | 26.9 | 9.6 | +24.2% |
| Oracle | $150.11 | +1.04% | $427.95B | 23.3 | 17.6 | 6.0 | +29.6% |
| SAP (ADR) | $208.54 | −0.33% | $243.79B | 26.8 | 22.8 | 5.6 | +5.8% |
| Hewlett Packard Enterprise | $60.92 | −1.35% | $81.78B | 32.2 | 13.4 | 2.0 | +33.5% |
| Median | 23.3 | 22.8 | 5.6 | +19.6% |