Company Dossier · Information Technology
IBM Corp.
- S&P 500
- S&P 100
- Dow 30
- Russell 1000
What IBM Corp. is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.
Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →
The latest read
Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.
- Revenue over the four quarters to June 30, 2026: $69.1 billion, up 7.9% from a year earlier.SEC EDGAR filings (XBRL)
- Free cash flow (operating cash flow minus capital expenditure) over the four quarters to June 30, 2026: $13.8 billion, up 13% from a year earlier.SEC EDGAR filings (XBRL)
- Capital expenditure over the four quarters to June 30, 2026: $1.10 billion, up 5.8% from a year earlier.SEC EDGAR filings (XBRL)
- Share buybacks in the fiscal year to December 31, 2019: $1.36 billion.SEC EDGAR filings (10-K)
- Long-term debt issued in the fiscal year to December 31, 2025: $8.39 billion.SEC EDGAR filings (10-K)
- Latest earnings call or results release (October 21, 2026): sentiment 0.00 on a −1 to +1 scale (mixed).Palanor Discourse
- Guidance in the last 90 days: 1 outlook figure raised, 0 lowered, 1 held.Guidance Ledger (8-K results releases)
- Latest annual report (filed February 24, 2026): 0 risk factors added, 0 removed.Risk Factor Changes (10-K Item 1A)
- Insiders were net sellers in Q3 2026: $5.8 million on the open market.SEC Form 4
- 3,649 institutional managers reported a position at June 30, 2026 (+155 on the quarter before).SEC Form 13F
- H-1B filings certified in Q2 2026: 714 (1,332 a year earlier).U.S. Department of Labor (OFLC)
- Headlines in the last 30 days: 5, of which 0 read positive and 0 negative.Palanor headline tone
Company Posture
How Company Posture is measured →What IBM Corp. is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.
Steady · Mixed
Expanding ↔ Retrenching
Steady
- Capital spending60th pct
- Debt raised42nd pct
- Buybacks vs capex—
- Hiring filings6th pct
- Deals and private raises48th pct
- Patent publications25th pct
Confident ↔ Hedging
Mixed
- Call sentiment47th pct
- Call confidence78th pct
- Guidance changes97th pct
- Risk factors added64th pct
- Insider open-market trades25th pct
- + Guidance changes
- + Call confidence
- − Insider open-market trades
Pressure
Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).
- Fails-to-deliver91st pct
- Stress filings49th pct
Credit
How these are built →IBM Corp.'s borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.
Debt on the balance sheet
$67.8B
- Due within a year $11.5B
- Longer term $56.2B
- Default point $39.7B (short + ½ long)
Finance leases included · Jun 30, 2026 filing
Bonds priced, last 12 months
$3.3B
U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.
| Priced | Amount | Coupon | Matures | Spread | Yield |
|---|---|---|---|---|---|
| Aug 10, 2026 | C$1B | 4.750% | 2034 (8y) | +121bp | 4.794% |
| Aug 10, 2026 | C$1.75B | 4.100% | 2030 (4y) | +83bp | 4.102% |
| Jan 29, 2026 | €750M | 3.850% | 2038 (12y) | +97bp | 3.896% |
| Jan 29, 2026 | €1B | 3.450% | 2034 (8y) | +79bp | 3.487% |
| Jan 29, 2026 | €1B | 3.000% | 2031 (5y) | +67bp | 3.055% |
| Jan 29, 2026 | $750M | 5.800% | 2056 (30y) | +95bp | 5.802% |
| Jan 29, 2026 | $500M | 4.000% | 2029 (3y) | +40bp | 4.020% |
| Jan 29, 2026 | $500M | 4.300% | 2031 (5y) | +53bp | 4.332% |
| Jan 29, 2026 | $500M | 4.600% | 2033 (7y) | +63bp | 4.634% |
| Jan 29, 2026 | $1B | 4.950% | 2036 (10y) | +75bp | 4.979% |
| Jan 29, 2026 | €750M | EURIBOR + 28bp | 2028 (2y) | — | — |
| Feb 5, 2025 | $1B | 4.800% | 2030 (5y) | +60bp | 4.850% |
From the pricing term sheets IBM Corp. filed with the SEC. Spread is to the benchmark Treasury (or Bund, Gilt) at pricing.
Charts
Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.
Cash flow
Capital returned and raised
What the company says
Hiring and ownership
In the news
Headlines that name IBM Corp., with the publisher and a link. The tone is read from each headline’s own words, never from a summary of the article.
- NeutralIBM Slid 5% Without An Earnings Report - Oct. 21 May Change The Case (NYSE:IBM)
seekingalpha.com · via Marketaux · Oct 11, 2026
- NeutralIBM and Red Hat Collaborate with Lightwell to Enhance Java Security, Launch Clearinghouse (IBM)
gurufocus.com · via Marketaux · Oct 6, 2026
- NeutralIBM Appoints Frank Baker to Board, Strengthening Leadership Amid Dividend Focus (IBM)
gurufocus.com · via Marketaux · Oct 1, 2026
- NeutralIBM (IBM) Shares Fall 23% YTD Amid Mixed Analyst Views Ahead of Q3 Earnings
gurufocus.com · via Marketaux · Oct 1, 2026
- NeutralInternational Business Machines Corp (IBM) Stock Down 0.3% -- Now Undervalued? GF Score: 78/100
gurufocus.com · via Marketaux · Sep 30, 2026
Filings and records
The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.
- Oct 20, 2026LobbyingLobbying report (INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM))third_quarter 2026 · $0.4 million
- Oct 20, 2026LobbyingLobbying report (THE ROOSEVELT GROUP)third_quarter 2026 · $0.0 million
- Oct 20, 2026LobbyingLobbying report (RED HAT INC)third_quarter 2026 · $0.0 million
- Oct 20, 2026LobbyingLobbying report (MEHLMAN CONSULTING, INC.)third_quarter 2026 · $0.1 million
- Oct 20, 2026Patent
- Oct 20, 2026Patent
- Oct 20, 2026Patent
- Oct 20, 2026Patent
- Oct 20, 2026Patent
- Oct 18, 2026LobbyingLobbying report (KAMINS CONSULTING)third_quarter 2026 · $0.1 million
- Oct 12, 2026LobbyingLobbying report (HETTINGER STRATEGY GROUP LLC)third_quarter 2026 · $0.0 million
- Oct 1, 20268-KDirector or officer changeItem 5.02
- Sep 30, 2026Federal awardFederal award from Department of Homeland Security$14.0 million
- Sep 28, 2026Federal award
- Jul 20, 2026LobbyingLobbying report (INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM))second_quarter 2026 · $0.6 million
- Jul 20, 2026LobbyingLobbying report (KAMINS CONSULTING)second_quarter 2026 · $0.1 million
- Jul 8, 2026Federal awardFederal award from Department of Homeland Security$15.3 million
- Jun 23, 20268-KMaterial agreement signedItem 1.01
- May 1, 20268-KDirector or officer changeItem 5.02
- May 1, 20268-KShareholder vote resultsItem 5.07
- Apr 21, 2026Federal awardFederal award from Department of Defense$33.6 million
- Apr 1, 2026Federal awardFederal award from General Services Administration$11.8 million
- Mar 31, 2026Federal awardFederal award from Department of Defense$24.4 million
- Feb 24, 202610-KAnnual report (10-K)0 risk factors added, 0 removed
- Jan 30, 20268-KDirector or officer changeItem 5.02
- Jun 20, 20258-KMaterial agreement signedItem 1.01
- May 2, 20258-KShareholder vote resultsItem 5.07
- Feb 25, 202510-KAnnual report (10-K)0 risk factors added, 1 removed
- Feb 26, 202410-KAnnual report (10-K)0 risk factors added, 0 removed
Peers
Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.
| Company | Revenue | Free cash flow | Through |
|---|---|---|---|
| Accenture plc ACN | $74.2B | $11.6B | Aug 31, 2026 |
| Oracle Corporation ORCL | $71.8B | −$28.7B | Aug 31, 2026 |
| Cisco Systems CSCO | $63.3B | $12.8B | Jul 25, 2026 |
| TD Synnex SNX | $75.7B | −$0.8B | Aug 31, 2026 |
| HP Inc. HPQ | $59.2B | $3.9B | Jul 31, 2026 |
| Intel Corporation INTC | $57.0B | $2.8B | Jun 27, 2026 |
| Ingram Micro INGM | $56.0B | −$0.2B | Jun 27, 2026 |
| Broadcom Inc. AVGO | $89.1B | $39.4B | Aug 2, 2026 |