International Business Machines (IBM), US4592001014

IBM stock holds near $231 after strong quarterly profit

Published on 09/03/2026 at 16:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

IBM stock trades near $231.43 after second-quarter EPS of $2.93 and revenue of $17.16 billion, while analysts still point to a $265.90 average target.

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IBM stock (NYSE: IBM, ISIN US4592001014) opened at $231.43 on September 3, 2026, with a market capitalization of $218.04 billion and a 52-week range of $199.19 to $332.46. The price sits below the 50-day average of $242.89 and the 200-day average of $247.41.

Quarterly numbers still matter

In the second quarter reported on July 22, 2026, International Business Machines posted EPS of $2.93, matching consensus, on revenue of $17.16 billion versus expected revenue of $17.46 billion. Revenue rose 1.1 percent from $16.97 billion a year earlier, and net margin reached 15.52 percent.

That mix keeps the stock tied to execution rather than headline momentum. The valuation context is also clear: the shares trade at a P/E ratio of 20.54 and a PEG ratio of 2.21.

Analysts stay constructive

MarketBeat said on September 3, 2026 that IBM carries a consensus rating of Moderate Buy and an average target price of $265.90. In the same snapshot, 16 analysts rated the stock Buy, 11 Hold and 1 Sell.

The gap between the $231.43 opening price and the $265.90 average target is $34.47, or 14.9 percent. For investors, that makes the current chart level more relevant than the quarterly beat-alone story.

Go deeper

IBM earnings and valuation details

The latest quarter showed EPS of $2.93, revenue of $17.16 billion and a 15.52 percent net margin, while the stock still trades below its 50-day and 200-day averages.

IBM coverage Investor Relations

Software and consulting

IBM's software, consulting and infrastructure mix remains the core of the story, with the company still describing itself as a technology and consulting group focused on cloud, software and services. The second-quarter numbers show that the group can keep margins above 15 percent even with revenue growth of only 1.1 percent year over year.

Price and range

IBM stock was priced at $231.43 on September 3, 2026, after a move that left the shares within reach of the 52-week low of $199.19 and well below the 52-week high of $332.46. The market cap stood at $218.04 billion on the same day.