IBM (NYSE: IBM) reported third-quarter 2026 revenue of $17.1 billion, up 5% year over year, and GAAP net income of $2.2 billion. GAAP diluted earnings per share were $2.30, including a $0.01-per-share loss from discontinued operations.
Software revenue rose 8% to $7.8 billion, while Infrastructure revenue increased 4% to $3.7 billion. IBM maintained its forecast for full-year constant-currency revenue growth of 4% to 5% and raised its free-cash-flow outlook.
- GAAP revenue totaled $17.103 billion for the quarter ended September 30, 2026.
- GAAP net income was $2.190 billion, compared with $1.744 billion a year earlier.
- GAAP basic EPS was $2.32; diluted EPS was $2.30.
- Third-quarter operating cash flow was $4.0 billion and free cash flow was $3.0 billion.
- IBM expects full-year free cash flow to increase by more than $1 billion year over year.
- The board declared a quarterly dividend of $1.69 per common share, payable December 10, 2026.
$IBM Insider Trading Activity
$IBM insiders have traded $IBM stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $IBM stock by insiders over the last 6 months:
- ROBERT DAVID THOMAS (Senior Vice President) sold 25,000 shares for an estimated $5,758,087
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$IBM Hedge Fund Activity
We have seen 1,821 institutional investors add shares of $IBM stock to their portfolio, and 1,492 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JPMORGAN CHASE & CO added 12,445,411 shares (+inf%) to their portfolio in Q2 2026, for an estimated $3,499,774,027
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 7,132,137 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,005,628,245
- WELLINGTON MANAGEMENT GROUP LLP added 6,283,395 shares (+2362.2%) to their portfolio in Q2 2026, for an estimated $1,766,953,507
- VICTORY CAPITAL MANAGEMENT INC removed 2,369,959 shares (-51.7%) from their portfolio in Q2 2026, for an estimated $666,456,170
- FMR LLC added 2,187,458 shares (+41.7%) to their portfolio in Q2 2026, for an estimated $615,135,064
- MORGAN STANLEY removed 2,171,123 shares (-11.1%) from their portfolio in Q2 2026, for an estimated $610,541,498
- BANK OF NEW YORK MELLON CORP added 2,099,174 shares (+29.3%) to their portfolio in Q2 2026, for an estimated $590,308,720
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$IBM Congressional Stock Trading
Members of Congress have traded $IBM stock 15 times in the past 6 months. Of those trades, 5 have been purchases and 10 have been sales.
Here’s a breakdown of recent trading of $IBM stock by members of Congress over the last 6 months:
- REPRESENTATIVE LLOYD DOGGETT has traded it 2 times. They made 2 purchases worth up to $30,000 on 09/10, 06/10 and 0 sales.
- REPRESENTATIVE MARIA ELVIRA SALAZAR has traded it 6 times. They made 2 purchases worth up to $100,000 on 05/21 and 4 sales worth up to $60,000 on 09/04, 08/24.
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 3 times. They made 1 purchase worth up to $15,000 on 08/18 and 2 sales worth up to $65,000 on 07/17, 05/15.
- REPRESENTATIVE JOSH GOTTHEIMER has traded it 3 times. They made 0 purchases and 3 sales worth up to $45,000 on 07/16, 07/15, 04/24.
- REPRESENTATIVE MATTHEW VAN EPPS sold up to $15,000 on 06/16.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
