International Business Machines Corp Dossier
Outlook & Key Dates
Estimates, guidance, catalysts, and upcoming events
Analyst Estimates Learn more →
5-Yr Fwd EPS Growth
7.2%projected annual EPS growth
Analyst Coverage
23analysts covering
FY Revenue (est.)
$70.4Bnext fiscal year
FY EPS (est.)
$12.33next fiscal year
Reporting Calendar
| Event | Expected Date |
|---|---|
| Q4 2026 Earnings Release | 27 Jan 2027 |
Monitoring Framework
Key Performance Indicators
Constant Currency Revenue Growth Quarterly1.0%Target: 4% to 5%
Software Segment Revenue Growth Quarterly5.0%Target: Mid-single-digit to high-single-digit growth
Infrastructure Segment Revenue Growth Quarterly-7.0%Target: Stabilization post-mainframe cycle
Annual Free Cash Flow Increase Annually4.8BTarget: Increase of ~$1 billion year-over-year
Watch Items
- Enterprise IT Budget Rotation to AI HardwareTrigger: Software revenue growth falling below 4% or transaction-processing license renewals slowing downAction: Re-evaluate software segment growth assumptions and adjust mid-term valuation multiples downward.
- Consulting Segment Growth StagnationTrigger: Consulting revenue growth remaining flat or negative for consecutive quartersAction: Assess competitive pressure from automated AI coding tools and adjust consulting margin expectations.
- Integration of Confluent and HashiCorp AcquisitionsTrigger: Net debt exceeding $65 billion without corresponding acceleration in hybrid cloud software growthAction: Review capital allocation strategy, leverage ratios, and dividend safety margins.
Research as of 2 Sep 2026