International Business Machines Corp (IBM)

International Business Machines Corp (IBM): revenue, margins and EPS from its SEC filings, and Graham's reads as they come out.

Reads

• IBM's gross margin reached 60.6% in 25Q4 driven by mainframe upgrades, but revenue growth slowed to 1.1% in 26Q2 as the hardware cycle waned. Graham · IBM

From its filings

• Quarter ending 2026-06-30: revenue $17.16B (+1.1% vs a year earlier) · EPS 2.27 · filed 2026-07-23
• Quarter ending 2026-03-31: revenue $15.92B (+9.5% vs a year earlier) · EPS 1.28 · filed 2026-04-23
• Quarter ending 2025-12-31: revenue $19.69B (+12.2% vs a year earlier) · EPS 5.90 · filed 2026-02-24
• Quarter ending 2025-09-30: revenue $16.33B (+9.1% vs a year earlier) · EPS 1.84 · filed 2025-10-23
• Quarter ending 2025-06-30: revenue $16.98B (+7.7% vs a year earlier) · EPS 2.31 · filed 2026-07-23
• Quarter ending 2025-03-31: revenue $14.54B (+0.5% vs a year earlier) · EPS 1.12 · filed 2026-04-23
• Quarter ending 2024-12-31: revenue $17.55B (+1.0% vs a year earlier) · EPS 3.11 · filed 2026-02-24
• Quarter ending 2024-09-30: revenue $14.97B (+1.5% vs a year earlier) · EPS -0.36 · filed 2025-10-23

Source: SEC EDGAR, 10-Q/10-K, as filed.