International Business Machines（国际商业机器） · IBM

[1] IBM 2026年第二季度业绩

发布日期：2026-07-22

证据文件：/mnt/q/private/stock_site/data/batches/20260908/007_IBM/source_01.txt

For the first six months of the year, the company generated net cash from operating activities of $7.8 billion, up $1.7 billion year to year. IBM's free cash flow was $4.8 billion, flat year to year.

[2] IBM 2025年第四季度暨全年业绩

发布日期：2026-01-28

证据文件：/mnt/q/private/stock_site/data/batches/20260908/007_IBM/source_03.txt

Strong, broad-based performance, led by double-digit Software and Infrastructure growth; Double-digit growth in full-year profit and free cash flow

[3] IBM 2026年第一季度业绩完整网页

发布日期：2026-04-22

证据文件：/mnt/q/private/stock_site/data/batches/20260908/007_IBM/source_04.txt

Double-digit Software and Infrastructure revenue growth; Strong margin expansion and double-digit profit and free cash flow growth

[4] IBM 2025年第三季度业绩

发布日期：2025-10-22

证据文件：/mnt/q/private/stock_site/data/batches/20260908/007_IBM/source_05.txt

Acceleration in revenue growth and profit across all segments; Raises outlook for full-year revenue growth and free cash flow

[5] IBM 2024年第四季度及全年业绩，含2023比较

发布日期：2025-01-29

证据文件：/mnt/q/private/stock_site/data/batches/20260908/007_IBM/source_06.txt

"We closed the year with double-digit revenue growth in Software for the quarter, led by further acceleration in Red Hat. Clients globally continue to turn to IBM to transform with AI. Our generative AI book of business now stands at more than

[6] IBM完成收购HRL

发布日期：2026-08-26

证据文件：/mnt/q/private/stock_site/data/batches/20260908/007_IBM/source_07.txt

The combination brings together complementary expertise in quantum computing, sensing, materials science, and advanced technologies to accelerate future innovation

[7] IBM 2025年年度报告

发布日期：日期未确认

证据文件：/mnt/q/private/stock_site/data/batches/20260908/007_IBM/source_09.txt

2025 was the year business leaders stopped speculating

[9] IBM最新活动日程

发布日期：2026-09-09抓取；页面无单独发布日期

证据文件：/mnt/q/private/stock_site/data/batches/20260909/evidence/007_IBM/refresh_01.txt

Citi 2026 Global Technology Conference September 9, 2026 [View event](https://www.ibm.com/investor/events/citi-2026-global-technology-conference) Goldman Sachs 2026 Communacopia and Technology Conference September 9, 2026 [View event](https://www.ibm.com/investor/events/goldman-sachs-2026-communacopia-and-technology-conference) IBM 3Q 2026 Earnings Announcement (preliminary date) October 21, 2026 [View event](https://www.ibm.com/investor/events/earnings-3q26)

[10] IBM 2026Q2 SEC 10-Q

发布日期：2026-07-23

证据文件：/mnt/q/private/stock_site/data/batches/20260909/evidence/007_IBM/q2_10q_secfull.txt

Net cash provided by operating activities 7,766 6,071 Cash flows from investing activities: Payments for property, plant and equipment ( 461 ) ( 454 ) Proceeds from disposition of property, plant and equipment/other 31 111 Investment in software ( 313 ) ( 314 ) Purchases of marketable securities and other investments ( 2,871 ) ( 7,740 ) Proceeds from disposition of marketable securities and other investments 3,123 4,962 Acquisition of businesses, net of cash acquired ( 10,480 ) ( 7,845 ) Divestiture of businesses, net of cash transferred 1 ( 1 )

[11] IBM加元债券发行8-K

发布日期：2026-08-14

证据文件：/mnt/q/private/stock_site/data/batches/20260909/evidence/007_IBM/aug_8k.txt

This Current Report on Form 8-K is being filed to incorporate by reference into Registration Statement No. 333-276739 on Form S-3, effective January 29, 2024, the documents included as (1) Exhibits 1.1, 4.1 and 4.2 relating to C$2,750,000,000 aggregate principal amount of debt securities of the Registrant (the “Notes”) and (2) Exhibits 5.1 and 23.1 regarding the Notes. The Notes were offered by means of a prospectus supplement. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description of Exhibit 1.1 Underwriting Agreement dated August 10, 2026 among International Business Machines Corporation and CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc., as the Representatives of the Underwriters 4.1 Form of 4.100% Note due 2030 4.2 Form of 4.750% Note due 2034

[12] IBM Yahoo原始日线：2026-09-08完整交易日

发布日期：2026-09-08行情；2026-09-09抓取

证据文件：/mnt/q/private/stock_site/data/batches/20260909/market/IBM-raw.json

"regularMarketPrice":232.09

[13] IBM Q2完整发行人业绩重新抓取

发布日期：2026-07-22

证据文件：/mnt/q/private/stock_site/data/batches/20260911/evidence/007_IBM/direct_01.txt

Company provides updated full-year expectations Jul 22, 2026 ARMONK, N.Y., July 22, 2026 / PRNewswire / -- IBM (NYSE: IBM ) today announced second-quarter 2026 earnings results. "We are confident in IBM's strategy and portfolio, and in our ability to capture growth opportunities ahead. We fundamentally believe that we are in the early innings of a structural shift for business, and that our portfolio - across software, infrastructure, and consulting - is well-positioned to help our clients tap the value, and manage the challenges, of an AI-driven future," said Arvind Krishna, IBM chairman, president and chief executive officer. "In addition, we are taking action to accelerate our revenue growth and profitability, driving productivity across the company with AI and automation, and heavily investing in commercializing innovation at speed and scale. We now expect constant currency revenue growth in the range of four-to-five percent, and we continue to expect free cash flow to increase by about $1 billion year-over-year for the full year." Full-Year 2026 Expectations Revenue: The company now expects full-year constant currency revenue growth in the range of four-to-five percent. At current foreign exchange rates, currency is expected to be neutral to growth for the year Free cash flow: The company continues to expect full-year free cash flow to increase by about $1 billion year-over-year Operational Focus Areas High-Growth Portfolio: Areas of IBM's software business that help clients manage, deploy and build AI-ready solutions, like Red Hat, the watsonx portfolio, HashiCorp, and Confluent continue to deliver strong performance. Within Distributed Infrastructure, Power and Storage grew at a record pace in the second quarter, now having built up an order backlog of nearly $500 million. Together, these offerings closely map to where client demand is strongest. To capture these growth opportunities, IBM is accelerating changes to its go-to-market model by expanding sales coverage across thousands of additional clients where there is significant opportunity. As AI adoption moves from experimentation to enterprise-scale deployment, the company is also investing in more specialized technical and client-facing talent, including Forward Deployed Engineers. Rapid Innovation at Scale: IBM is acting decisively to capture new opportunities as they arise. Lightwell, a new capability to address open source security vulnerabilities, leverages IBM and Red Hat's trust within the open source community, unique approach to AI, and global scale. In the first two weeks of availability, Lightwell has already made more than 7,500 open source patches available to help clients secure vulnerabilities. Additionally, quantum computing continues to be an investment priority for the company. In May, with the U.S. Department of Commerce, IBM announced a letter of intent to build Anderon, the world's first pure-play quantum wafer foundry. IBM will invest more than $10 billion in quantum over the next five years, and remains on track to deliver the first large-scale fault-tolerant quantum computer by 2029. Productivity Enables Investment and Value: IBM is accelerating productivity by scaling software development leveraging AI, increasing the effectiveness of its sales and marketing organization, and optimizing its supply chain. These efforts help enhance margin and free cash flow, and strengthen the company's ability to capture significant growth opportunities. The company now expects improved pre-tax income margin expansion for the full year. "Although we faced revenue headwinds late in the second quarter, we continued to focus on the fundamentals of our business, including driving productivity, strengthening our portfolio, and generating free cash flow," said James Kavanaugh, IBM senior vice president and chief financial officer. "In a quarter like this, it is critical that our financial and operational discipline remains strong and that we continue to invest for growth while returning value to shareholders through our dividend." SECOND - QUARTER 2026 INCOME STATEMENT SUMMARY Revenue Gross Profit Gross Profit Margin Pre-tax Income Pre-tax Income Margin Net Income Diluted Earnings Per Share GAAP from Continuing Operations $ 17.2 B $ 9.9 B 57.7 % $ 2.5 B 14.4 % $ 2.2 B $   2.27 Year/Year 1 % (1) % (1.0) Pts (5) % (0.9) Pts (1) % (2) % Operating (Non-GAAP) $ 10.2 B 59.4 % $ 3.3 B 19.2 % $ 2.8 B $   2.93 Year/Year 0 % (0.7) Pts 3 % 0.3 Pts 5 % 5 % Segment Results for Second Quarter Software — revenues of $7.8 billion, up 5 percent: - Hybrid Cloud (Red Hat) up 11 percent - Automation up 4 percent, up 3 percent at constant currency - Data up 19 percent, up 18 percent at constant currency - Transaction Processing down 8 percent, down 9 percent at constant currency Consulting — revenues of $5.3 billion, flat, up 1 percent at constant currency: - Strategy and Technology flat, up 1 percent at constant currency - Intelligent Operations flat, up 1 percent at constant currency Infrastructure — revenues of $3.8 billion, down 7 percent: - Hybrid Infrastructure down 10 percent -- IBM Z down 42 percent -- Distributed Infrastructure up 37 percent - Infrastructure Support down 1 percent Financing — revenues of $0.2 billion, up 12 percent, up 11 percent at constant currency Cash Flow and Balance Sheet In the second quarter, the company generated net cash from operating activities of $2.6 billion, up $0.9 billion year to year. IBM's free cash flow was $2.5 billion, down $0.3 billion year to year. The company returned $1.6 billion to shareholders in dividends in the second quarter. For the first six months of the year, the company generated net cash from operating activities of $7.8 billion, up $1.7 billion year to year. IBM's free cash flow was $4.8 billion, flat year to year. IBM ended the second quarter with $8.2 billion of cash, restricted cash and marketable securities, down $6.3 billion from year-end 2025. The company invested $10.5 billion in acquisitions this year. Debt, including IBM Financing debt of $13.0 billion, totaled $62.0 billion, up $0.7 billion year to date. Dividend Declaration The IBM board of directors approved a regular quarterly cash dividend of $1.69 per common share, to stockholders of record on August 10, 2026. With payment of the September 10, 2026 dividend, IBM will have paid consecutive quarterly dividends every year since 1916. Forward-Looking and Cautionary Statements Except for the historical information and discussions contained herein, statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the company's current assumptions regarding future business and financial performance. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including, but not limited to, the following: a downturn in economic environment and client spending budgets; a failure of the company's innovation initiatives; damage to the company's reputation; risks from investing in growth opportunities; failure of the company's intellectual property portfolio to prevent competitive offerings and the failure of the company to obtain necessary licenses; the company's ability to successfully manage acquisitions, alliances and divestitures, including integration challenges, failure to achieve objectives, the assumption or retention of liabilities and higher debt levels; fluctuations in financial results; impact of local legal, economic, political, health and other conditions; the company's failure to meet growth and productivity objectives; ineffective internal controls; the company's use of accounting estimates; impairment of the company's goodwill or amortizable intangible assets; the company's ability to attract and retain key employees and its reliance on critical skills; impacts of relationships with critical suppliers; product and service quality issues; the development and use of AI, including the company's increased AI solutions and use of AI technologies; impacts of business with government clients; reliance on third party distribution channels and ecosystems; cybersecurity and data protection considerations; adverse effects related to climate change and other environmental matters; tax matters; legal proceedings and investigatory risks; the company's pension plans; currency fluctuations and customer financing risks; impact of changes in market liquidity conditions and customer credit risk on receivables; risk factors related to IBM securities; and other risks, uncertainties and factors discussed in the company's Form 10-Qs, Form 10-K and in the company's other filings with the U.S. Securities and Exchange Commission or in materials incorporated therein by reference. Any forward-looking statement in this release speaks only as of the date on which it is made. Except as required by law, the company assumes no obligation to update or revise any forward-looking statements. Presentation of Information in this Press Release In an effort to provide investors with additional information regarding the company's results as determined by generally accepted accounting principles (GAAP), the company has also disclosed in this press release the following non-GAAP information, which management believes provides useful information to investors: adjusting for currency (i.e., at constant currency); presenting operating (non-GAAP) earnings per share amounts and related income statement items; free cash flow; net cash from operating activities excluding IBM Financing receivables; adjusted EBITDA; adjusted EBITDA margin. The rationale for management's use of these non-GAAP measures is included in Exhibit 99.2 in the Form 8-K that includes this press release and is being submitted today to the SEC. Conference Call and Webcast IBM's regular quarterly earnings conference call is scheduled to begin at 5:00 p.m. ET, today. The Webcast may be accessed via a link at https://www.ibm.com/investor/events/earnings-2q26 . Presentation charts will be available shortly before the Webcast. Financial Results Below (certain amounts may not add due to use of rounded numbers; percentages presented are calculated from the underlying whole-dollar amounts). Contact:       IBM Tim Davidson, 914-844-7847 [email protected] Erin McElwee, 347-920-6825 [email protected] INTERNATIONAL BUSINESS MACHINES CORPORATION COMPARATIVE FINANCIAL RESULTS (Unaudited; $ in millions except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 REVENUE BY SEGMENT Software $        7,761 $        7,387 $       14,813 $       13,722 Consulting 5,327 5,314 10,599 10,382 Infrastructure 3,835 4,142 7,161 7,027 Financing 186 166 406 357 Other 52 (31) 100 30 TOTAL REVENUE 17,162 16,977 33,079 31,519 GROSS PROFIT 9,907 9,977 18,857 18,008 GROSS PROFIT MARGIN Software 82.6 % 83.9 % 82.7 % 83.7 % Consulting 28.9 % 27.5 % 28.2 % 27.4 % Infrastructure 58.4 % 61.5 % 57.7 % 57.9 % Financing 42.5 % 45.7 % 43.0 % 45.8 % TOTAL GROSS PROFIT MARGIN 57.7 % 58.8 % 57.0 % 57.1 % EXPENSE AND OTHER INCOME SG&A 4,981 5,027 10,071 9,913 R&D 2,311 2,097 4,485 4,047 Intellectual property and custom development income (166) (215) (338) (468) Other (income) and expense (185) (39) (186) (204) Interest expense 486 510 959 965 TOTAL EXPENSE AND OTHER INCOME 7,428 7,380 14,991 14,253 INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 2,479 2,597 3,866 3,755 Pre-tax income margin 14.4 % 15.3 % 11.7 % 11.9 % Provision for/(benefit from) income taxes 313 404 484 507 Effective tax rate 12.6 % 15.5 % 12.5 % 13.5 % INCOME FROM CONTINUING OPERATIONS $        2,166 $        2,193 $         3,382 $         3,248 DISCONTINUED OPERATIONS Income/(loss)  from discontinued operations, net of taxes (1) 1 (1) 1 NET INCOME $        2,165 $        2,194 $         3,381 $         3,2

[14] IBM Q2完整SEC 10-Q重新抓取

发布日期：2026-07-23

证据文件：/mnt/q/private/stock_site/data/batches/20260911/evidence/007_IBM/direct_03.txt

CONSOLIDATED BALANCE SHEET (UNAUDITED) ASSETS ($ in millions) At June 30, 2026 At December 31, 2025 Assets: Current assets: Cash and cash equivalents $ 7,172 $ 13,587 Restricted cash 45 54 Marketable securities 960 830 Notes and accounts receivable — trade (net of allowances of $ 107 in 2026 and $ 99 in 2025) 6,044 8,112 Short-term financing receivables: Held for investment (net of allowances of $ 94 in 2026 and $ 106 in 2025) 5,782 7,344 Held for sale 874 1,131 Other accounts receivable (net of allowances of $ 32 in 2026 and $ 37 in 2025) 1,348 1,052 Inventory, at lower of average cost or net realizable value: Finished goods 320 230 Work in process and raw materials 1,425 990 Total inventory 1,746 1,220 Deferred costs 1,238 1,084 Prepaid expenses and other current assets 3,188 2,530 Total current assets 28,398 36,944 Property, plant and equipment 17,603 17,874 Less: Accumulated depreciation 11,867 11,975 Property, plant and equipment — net 5,736 5,899 Operating right-of-use assets — net 3,068 3,129 Long-term financing receivables (net of allowances of $ 28 in 2026 and $ 34 in 2025) 7,126 7,708 Prepaid pension assets 7,645 7,544 Deferred costs 835 825 Deferred taxes 8,709 8,610 Goodwill 74,599 67,717 Intangible assets — net 13,955 11,391 Investments and sundry assets 2,028 2,112 Total assets $ 152,099 $ 151,880 (Amounts may not add due to rounding.) (The accompanying notes are an integral part of the financial statements.) 5 Table of Contents INTERNATIONAL BUSINESS MACHINES CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATED BALANCE SHEET – (CONTINUED) (UNAUDITED) LIABILITIES AND EQUITY ($ and shares in millions, except per share amount) At June 30, 2026 At December 31, 2025 Liabilities: Current liabilities: Taxes $ 2,023 $ 2,347 Short-term debt 5,775 6,424 Accounts payable 4,395 4,756 Compensation and benefits 3,364 4,114 Deferred income 16,160 16,101 Operating lease liabilities 770 800 Other accrued expenses and liabilities 3,425 4,116 Total current liabilities 35,912 38,658 Long-term debt 56,212 54,836 Retirement and nonpension postretirement benefit obligations 8,603 9,018 Deferred income 4,272 4,271 Operating lease liabilities 2,515 2,547 Other liabilities 10,044 9,810 Total liabilities $ 117,558 $ 119,139 Equity: IBM stockholders’ equity: Common stock, par value $ 0.20 per share, and additional paid-in capital 64,600 63,318 Shares authorized: 4,688 Shares issued: 2026 — 2,296 2025 — 2,291 Retained earnings 155,937 155,648 Treasury stock - at cost ( 170,934 ) ( 170,605 ) Shares: 2026 — 1,354 2025 — 1,354 Accumulated other comprehensive income/(loss) ( 15,151 ) ( 15,713 ) Total IBM stockholders’ equity 34,452 32,648 Noncontrolling interests 89 93 Total equity 34,541 32,740 Total liabilities and equity $ 152,099 $ 151,880 (Amounts may not add due to rounding.) (The accompanying notes are an integral part of the financial statements.) 6 Table of Contents INTERNATIONAL BUSINESS MACHINES CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) Six Months Ended June 30, ($ in millions) 2026 2025 Cash flows from operating activities: Net income $ 3,381 $ 3,249 Adjustments to reconcile net income to cash provided by operating activities: Depreciation (1) 1,088 1,114 Amortization of capitalized software and acquired intangible assets 1,535 1,328 Stock-based compensation 1,004 842 Net (gain)/loss on divestitures, asset sales and other ( 78 ) ( 40 ) Changes in operating assets and liabilities, net of acquisitions/divestitures 836 ( 421 ) Net cash provided by operating activities 7,766 6,071 Cash flows from investing activities: Payments for property, plant and equipment ( 461 ) ( 454 ) Proceeds from disposition of property, plant and equipment/other 31 111 Investment in software ( 313 ) ( 314 ) Purchases of marketable securities and other investments ( 2,871 ) ( 7,740 ) Proceeds from disposition of marketable securities and other investments 3,123 4,962 Acquisition of businesses, net of cash acquired ( 10,480 ) ( 7,845 ) Divestiture of businesses, net of cash transferred 1 ( 1 ) Net cash provided by/(used in) investing activities ( 10,970 ) ( 11,281 ) Cash flows from financing activities: Proceeds from new debt 7,437 8,385 Payments to settle debt ( 7,141 ) ( 2,565 ) Short-term borrowings/(repayments) less than 90 days — net 0 ( 29 ) Common stock repurchases for tax withholdings ( 465 ) ( 437 ) Proceeds from issuance of shares 418 401 Financing — other ( 91 ) ( 54 ) Cash dividends paid ( 3,166 ) ( 3,112 ) Net cash provided by/(used in) financing activities ( 3,008 ) 2,589 Effect of exchange rate changes on cash, cash equivalents and restricted cash ( 211 ) 487 Net change in cash, cash equivalents and restricted cash ( 6,423 ) ( 2,134 ) Cash, cash equivalents and restricted cash at January 1 13,640 14,160 Cash, cash equivalents and restricted cash at June 30 $ 7,217 $ 12,026 (1) Includes operating lease right-of-use assets amortization expense of $ 0.4 billion in 2026 and 2025. (Amounts may not add due to rounding.) (The accompanying notes are an integral part of the financial statements.) 7 Table of Contents INTERNATIONAL BUSINESS MACHINES CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATED STATEMENT OF EQUITY (UNAUDITED) ($ in millions, except per share amount) Common Stock and Additional Paid-in Capital Retained Earnings Treasury Stock Accumulated Other Comprehensive Income/(Loss) Total IBM Stockholders' Equity Non- Controlling Interests Total Equity Equity – April 1, 2026 $ 63,936 $ 155,327 $ ( 170,874 ) $ ( 15,415 ) $ 32,974 $ 81 $ 33,056 Net income plus other comprehensive income/(loss): Net income 2,165 2,165 2,165 Other comprehensive income/(loss) 263 263 263 Total comprehensive income $ 2,429 $ 2,429 Cash dividends paid — common stock ($ 1.69 per share) ( 1,590 ) ( 1,590 ) ( 1,590 ) Common stock issued under employee plans 666 666 666 Purchases and sales of treasury stock under employee plans — net 35 ( 60 ) ( 25 ) ( 25 ) Other equity ( 1 ) 0 ( 1 ) ( 1 ) Changes in noncontrolling interests 8 8 Equity – June 30, 2026 $ 64,600 $ 155,937 $ ( 170,934 ) $ ( 15,151 ) $ 34,452 $ 89 $ 34,541 ($ in millions, except per share amount) Common Stock and Additional Paid-in Capital Retained Earnings Treasury Stock Accumulated Other Comprehensive Income/(Loss) Total IBM Stockholders' Equity Non- Controlling Interests Total Equity Equity – April 1, 2025 $ 61,913 $ 150,703 $ ( 170,160 ) $ ( 15,575 ) $ 26,880 $ 72 $ 26,953 Net income plus other comprehensive income/(loss): Net income 2,194 2,194 2,194 Other comprehensive income/(loss) ( 466 ) ( 466 ) ( 466 ) Total comprehensive income $ 1,728 $ 1,728 Cash dividends paid — common stock ($ 1.68 per share) ( 1,563 ) ( 1,563 ) ( 1,563 ) Common stock issued under employee plans 479 479 479 Purchases and sales of treasury stock under employee plans — net 34 ( 49 ) ( 15 ) ( 15 ) Changes in noncontrolling interests 7 7 Equity – June 30, 2025 $ 62,392 $ 151,367 $ ( 170,209 ) $ ( 16,041 ) $ 27,509 $ 79 $ 27,588 (Amounts may not add due to rounding.) (The accompanying notes are an integral part of the financial statements.) 8 Table of Contents INTERNATIONAL BUSINESS MACHINES CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATED STATEMENT OF EQUITY – (CONTINUED) (UNAUDITED) ($ in millions, except per share amount) Common Stock and Additional Paid-in Capital Retained Earnings Treasury Stock Accumulated Other Comprehensive Income/(Loss) Total IBM Stockholders' Equity Non- Controlling Interests Total Equity Equity – January 1, 2026 $ 63,318 $ 155,648 $ ( 170,605 ) $ ( 15,713 ) $ 32,648 $ 93 $ 32,740 Net income plus other comprehensive income/(loss): Net income 3,381 3,381 3,381 Other comprehensive income/(loss) 562 562 562 Total comprehensive income $ 3,943 $ 3,943 Cash dividends paid — common stock ($ 3.37 per share) ( 3,166 ) ( 3,166 ) ( 3,166 ) Common stock issued under employee plans 1,284 1,284 1,284 Purchases and sales of treasury stock under employee plans — net 74 ( 329 ) ( 255 ) ( 255 ) Other equity ( 1 ) 0 ( 1 ) ( 1 ) Changes in noncontrolling interests ( 4 ) ( 4 ) Equity – June 30, 2026 $ 64,600 $ 155,937 $ ( 170,934 ) $ ( 15,151 ) $ 34,452 $ 89 $ 34,541 ($ in millions, except per share amount) Common Stock and Additional Paid-in Capital Retained Earnings Treasury Stock Accumulated Other Comprehensive Income/(Loss) Total IBM Stockholders' Equity Non- Controlling Interests Total Equity Equity – January 1, 2025 $ 61,380 $ 151,163 $ ( 169,968 ) $ ( 15,269 ) $ 27,307 $ 86 $ 27,393 Net income plus other comprehensive income/(loss): Net income 3,249 3,249 3,249 Other comprehensive income/(loss) ( 772 ) ( 772 ) ( 772 ) Total comprehensive income $ 2,476 $ 2,476 Cash dividends paid — common stock ($ 3.35 per share) ( 3,112 ) ( 3,112 ) ( 3,112 ) Common stock issued under employee plans 1,012 1,012 1,012 Purchases and sales of treasury stock under employee plans — net 67 ( 241 ) ( 174 ) ( 174 ) Changes in noncontrolling interests ( 7 ) ( 7 ) Equity – June 30, 2025 $ 62,392 $ 151,367 $ ( 170,209 ) $ ( 16,041 ) $ 27,509 $ 79 $ 27,588 (Amounts may not add due to rounding.) (The accompanying notes are an integral part of the financial statements.) 9 Table of Contents Notes to Consolidated Financial Statements 1 1. Basis of Presentation: The accompanying Consolidated Financial Statements and footnotes of the International Business Machines Corporation (IBM or the company) have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). The financial statements and footnotes are unaudited. In the opinion of the company’s management, these statements include all adjustments, which are only of a normal recurring nature, necessary to present a fair statement of the company’s results of operations, financial position and cash flows. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amount of assets, liabilities, revenue, costs, expenses and other comprehensive income/(loss) that are reported in the Consolidated Financial Statements and accompanying disclosures. These estimates are based on management’s best knowledge of current events, historical experience, actions that the company may undertake in the future and on various other assumptions that are believed to be reasonable under the circumstances. As a result, actual results may be different from these estimates. Noncontrolling interest amounts, included as a reduction within other (income) and expense in the Consolidated Income Statement, were not material to the consolidated results for the periods presented. Interim results are not necessarily indicative of financial results for a full year. The information included in this Form 10-Q should be read in conjunction with the company’s 2025 Annual Report. Within the financial statements and tables presented, certain columns and rows may not add due to the use of rounded numbers for disclosure purposes. Percentages presented are calculated from the underlying whole-dollar amounts. Certain prior-period amounts have been reclassified to conform to the change in current-period presentation. This is annotated where applicable. 2. Accounting Changes: New Standards to be Implemented Intangibles - Goodwill and Other - Internal-Use Software Standard/Description – Issuance date : September 2025. This guidance requires internal-use software development cost capitalization to begin when both of the following occur: management has authorized and committed to funding the software project, and it is probable the project will be completed and the software will be used to perform its intended function. This guidance eliminates accounting considerations of software development stages. Effective Date and Adoption Considerations – The guidance is effective for the company for annual and interim reporting periods beginning January 1, 2028. Early adoption is permitted. Effect on Financial Statements or Other Significant Mat

[15] IBM/Lockheed Martin瑞士量子中心公告

发布日期：2026-09-10

证据文件：/mnt/q/private/stock_site/data/batches/20260911/evidence/007_IBM/fetch_05.txt

Zurich, Anchored by Switzerland’s First IBM Quantum Computer In an extension of ongoing collaboration, IBM and Lockheed Martin plan to initiate research projects with select Swiss academic institutions. The Swiss National Supercomputing Centre at ETH Zurich will host an IBM Quantum System Two, expanding access across Swiss institutions to fuel the country’s quantum ecosystem, research and workforce education. Sep 10, 2026 ... ntum-computer&title=All press releases&summary=&source=http%3A%2F%2Fnewsroom.ibm.com) * [](https://newsroom.ibm.com/index.php?s=20324&rsspage=20295 "rss") ... **Zurich, Switzerland – September 10, 2026** - IBM (NYSE: [IBM](http://www.ibm.com/investor) ) and Lockheed Martin (NYSE: LMT), through an offset agreement with armasuisse, Switzerland’s Federal Office for Defence Procurement, today established a hub for quantum innovation at ETH Zurich, a prominent public research university. The new hub plans to host the country’s first IBM Quantum System Two at the Swiss National Supercomputing Center (CSCS) in Lugano. IBM will operate the IBM Quantum System Two, which will be powered by an IBM Quantum Nighthawk, the company’s most advanced processor. ETH Zurich will provide expertise, resources and technologies for Swiss industries, startups and academia, including access to the quantum computer. Its delivery is expected to catalyze the development of new algorithms, technical breakthroughs, and industrial use cases, as well as anchor initiatives to foster Switzerland’s workforce and talent. The project also advances the ongoing strategic collaboration between Lockheed Martin and IBM, combining Lockheed Martin innovations in quantum sensing and additive manufacturing with IBM’s expertise in quantum ... “Switzerland is deservedly recognized as a hub for global innovation, and Lockheed Martin is proud of its long history of technical collaboration within the country,” said **Dr. Craig Martell, Lockheed Martin vice president and chief technology officer** . “This project extends the strategic relationship between Lockheed Martin and IBM in quantum and AI while positioning Switzerland as a leader in these critical, cutting-edge fields. It provides resources and expertise, develops skills and enables joint research across the Swiss commercial, defense and academic ecosystem.” “IBM has collaborated with institutions in Switzerland for almost 100 years. ... Additionally, upon the system’s deployment by the end of 2026, ETH Zurich will provide organizations with access to Switzerland’s own dedicated IBM Quantum System Two. ... **IBM and Lockheed Martin expand joint research initiatives** As part of the collaboration, two planned joint development projects between IBM and Lockheed Martin include the exploration of quantum sensing applications for navigation and the improvement of additive ... **IBM and ETH Zurich build on a legacy of collaboration** This initiative also builds upon a close and long-standing collaboration between IBM and ETH Zurich, including a recently launched [10-year effort](https://newsroom.ibm.com/2026-03-31-IBM-and-ETH-Zurich-join-forces-to-shape-the-future-of-algorithms-for-the-AI-and-quantum-era) to advance foundational algorithmic research. ... certifications, and workshops; as well as event support, such as hackathons, conferences, and partner forums. ... Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. ... More information at

[16] IBM/Red Hat/LTM Lightwell合作公告

发布日期：2026-09-09

证据文件：/mnt/q/private/stock_site/data/batches/20260911/evidence/007_IBM/fetch_06.txt

Mumbai, India, Sept 9, 2026 -** **LTM**, the Business Creativity partner to the world's largest enterprises, today announced that it has collaborated with **IBM** (NYSE: [IBM](http://www.ibm.com/investor)) and **Red Hat** on **Lightwell** to help enterprises safeguard the open-source software supply chain through AI-driven vulnerability remediation. As AI accelerates the discovery of software vulnerabilities, organizations must move beyond detection-focused approaches and adopt enterprise-scale remediation strategies that enable rapid risk mitigation without disrupting business-critical applications. Lightwell’s approach of delivering validated fixes for production environments aligns with LTM's aim of helping customers build secure, resilient, and operationally efficient software supply chains. By combining AI-powered remediation capabilities with enterprise-grade validation and deployment support, Lightwell aims to help organizations address security challenges across increasingly complex open-source ecosystems. Building on its long-standing status as an IBM Platinum Partner, LTM will help enterprises transform AI-driven vulnerability discovery into measurable remediation outcomes by leveraging Lightwell for open-source software dependencies. LTM plans to offer a comprehensive portfolio of services spanning remediation strategy, dependency analysis, risk-based prioritization, remediation program management, DevSecOps integration, testing and validation, and large-scale deployment support. "As AI accelerates software development and vulnerability discovery, enterprises need a faster and more scalable approach to remediation. Lightwell represents a significant advancement in securing the open-source software supply chain by bringing AI-driven remediation and trusted software maintenance into the enterprise. Through our collaboration with IBM, LTM will help organisations strengthen their cyber resilience at scale," said **Chandan Pani**, **Chief Information Security Officer, LTM**. Organizations across industries increasingly rely on open-source software as a foundation for digital innovation, making effective vulnerability remediation a critical component of cybersecurity and operational resilience. LTM’s expertise in application modernization, cloud, cybersecurity, and DevSecOps positions it to help enterprises integrate remediation strategies into their software engineering and security operations. **"**Addressing today's software supply chain challenges requires a collective defense," said **Sandip Patel, Managing Director, IBM India and South A

[17] IBM/NASA月球开放模型公告

发布日期：2026-09-10

证据文件：/mnt/q/private/stock_site/data/batches/20260911/evidence/007_IBM/direct_07.txt

YORKTOWN HEIGHTS, N.Y., SEPT 10, 2026 – IBM (NYSE: IBM ) and NASA today announced the open-source release of the NASA‑IBM Lunar Foundation Model, one of the first publicly available foundation models for scientific exploration of the Moon, now available. Trained on an extensive lunar observation dataset curated by IBM and NASA researchers, the model can help scientists turn decades of complex, multi-instrument data into insights to support the establishment of a sustained human presence on the Moon. The Moon’s topography is ever-changing. Over time, the Moon’s surface has formed craters, distributed ice and even experienced volcanic activity. For decades, sensors and instruments have continuously observed the Moon, generating petabytes of data, but to study the Moon’s surface, scientists need to either sift through maps and images by hand or use low resolution, task specific machine learning models. These methods can be computationally intensive and can lack the degree of scientific accuracy needed to identify and analyze geographic features. The newly released NASA-IBM Lunar Foundation Model will help researchers accelerate scientific progress by identifying hidden relationships between many different types and resolutions of lunar data. Researchers could use the NASA-IBM Lunar Foundation Model to investigate multiple lunar phenomena, including: Potential Lunar Ice Deposits: Permanently shadowed regions are among the Moon’s most difficult environments to observe, yet they may contain lunar ice below the surface. Lunar ice indicates the presence of water and oxygen — resources considered essential for a future Moon base and producing rocket fuel for future missions to Mars. The NASA-IBM model combines multimodal and multi-resolution observations to predict where ice may be present on the lunar surface. A NASA-IBM authored technical paper shows that the NASA-IBM model reduced error (RMSE) in identifying areas with high potential for lunar ice up to 22% compared to the SwinV2-B (ImageNet) model. [1] Volcanic History: Scientists study lunar volcanic features, called Irregular Mare Patches, to better understand the Moon's volcanic history and thermal evolution. In addition, identifying these changing regions is strategic for future surface operations. Using imperfect labels, the model better captures the extent of the volcanic features than the SwinV2-B (ImageNet model) by 3%, bringing comparable accuracy with greater efficiency and lower fine-tuning costs. [2] Crater Detection: Craters are one of the most important and distinguishing features of the Moon and can reveal important clues about its history, such as the age of different terrains, their geology, and the chemical composition of the early lunar interior. Crater mapping also helps NASA select sa

[18] IBM/RIKEN/Cleveland Clinic入围奖项公告

发布日期：2026-09-09

证据文件：/mnt/q/private/stock_site/data/batches/20260911/evidence/007_IBM/direct_08.txt

Sept 9, 2026 — A multidisciplinary team from Cleveland Clinic, RIKEN and IBM (NYSE: IBM ) has been named as a finalist for the 2026 Association for Computing Machinery (ACM) Gordon Bell Prize for simulating the largest biologically meaningful molecules ever modeled with quantum computers, reaching a scale of 12,635 atoms. To achieve these results, the team united the strengths of quantum and classical computing methods in a framework known as quantum-centric supercomputing. The ACM Gordon Bell Prize recognizes outstanding achievement in high-performance computing and is one of the field's most prestigious honors. The 2026 winner will be announced at the International Conference for High-Performance Computing, Networking, Storage, and Analysis (SC26), taking place Nov. 15–20, 2026 in Chicago. The origins of the project are rooted in the team’s investigation into how computation in drug discovery can be improved. Doing so rests on two fundamental challenges: first, modeling the movement of atoms as biological processes unfold; and second, accurately computing their energies. Particularly the second challenge is well-suited for quantum computers, which operate by the laws of quantum mechanics. In the work, initially published in May 2026, the team calculated the electronic structure of two large protein complexes using the IBM Quantum Heron processors running within the IBM quantum computers at Cleveland Clinic in the United States and RIKEN in Japan. The calculations were executed alongside two of the world’s most powerful supercomputers, Fugaku at RIKEN and Miyabi-G, which is operated by the University of Tokyo and University of Tsukuba. The quantum computers used up to 94 qubits to run nearly 6,000 quantum operations within certain parts of the problem, which was essential to the computation’s accuracy and success. Fugaku and Miyabi-G were used to reassemble the results and allow the team to gain a complete representation of each molecule. The results reflect the team’s innovative approach alongside the rapid maturation of quantum computing. Using the sample-based quantum diagonalization by IBM and RIKEN (featured on the cover of Science Advances) along with embedded wavefunction methods adapted by Cleveland Clinic to the question at hand, the team was able to

[19] Yahoo IBM调整后盈利一致预期完整网页

发布日期：2026-09-11抓取

证据文件：/mnt/q/private/stock_site/data/batches/20260911/evidence/007_IBM/direct_09.txt

Earnings Estimate gaap GAAP nongaap Normalized Currency in USD Current Qtr. (Sep 2026) Next Qtr. (Dec 2026) Current Year (2026) Next Year (2027) No. of Analysts 20 19 24 24 Avg. Estimate 2.89 4.6 12.32 13.16 Low Estimate 2.78 4.41 12.08 12.3 High Estimate 3.12 4.77 12.63 13.86 Year Ago EPS 2.65 4.52 11.59 12.32 Earnings History gaap GAAP nongaap Normalized Currency in USD 9/30/2025 12/31/2025 3/31/2026 6/30/2026 EPS Est. 2.45 4.29 1.81 2.93 EPS Actual 2.65 4.52 1.91 2.93 Difference 0.2 0.23 0.1 -0 Surprise % 8.31% 5.30% 5.45% -0.10% EPS Trend gaap GAAP nongaap Normalized Currency in USD Current Qtr. (Sep 2026) Next Qtr. (Dec 2026) Current Year (2026) Next Year (2027) Current Estimate 2.89 4.6 12.32 13.16 7 Days Ago 2.89 4.6 12.32 13.16 30 Days Ago 2.89 4.6 12.33 13.17 60 Days Ago 2.94 4.56 12.47 13.47 90 Days Ago 2.93 4.57 12.43 13.42 EPS Revisions gaap GAAP nongaap Normalized Currency in USD Current Qtr. (Sep 2026) Next Qtr. (Dec 2026) Current Year (2026) Next Year (2027) Up Last 7 Days 6 12 -- -- Up Last 30 Days 6 7 11 11 Down Last 7 Days 7 2 1 1 Down Last 30 Days 9 8 1 10 Growth Estimates Symbol Current Qtr. Next Qtr. Current Year Next Year IBM 8.99% 1.81% 6.31% 6.83% S&P 500 49.86% 23.93% 31.75% 15.38% Related Tickers APLD Applied Digital Corporation 25.78 -5.01% BBAI BigBear.ai Holdings, Inc. 2.8200 -0.35% ACN Accenture plc 177.91 +1.20% INOD Innodata Inc. 53.11 -2.80% IT Gartner, Inc. 170.62 +0.55% FISV Fiserv, Inc. 48.93 +0.58% KD Kyndryl Holdings, Inc. 12.68 -2.54% CTSH Cognizant Technology Solutions Corporation 58.32 +0.21% PONY Pony AI Inc. 6.63 -1.89% AUR Aurora Innovation, Inc. 6.33 -2.62% Copyright © 2026 Yahoo. All rights reserved. Trending Topics Dow Jones S&P 500 DAX Index Nvidia Tesla DJT Tariffs Explore Further Mortgages Credit Cards Sectors Crypto Heatmap Financial News About Data Disclaimer Help Feedback Sitemap Licensing What's New About Our Ads Terms and Privacy Policy Privacy Dashboard More Info Trending tickers ORCL Oracle Corporation 152.94 -8.69 (-5.38%) ADBE Adobe Inc. 248.83 -6.03 (-2.37%) TNON Tenon Medical, Inc. 5.30 +2.86 (+117.21%) RH RH 134.02 -5.35 (-3.84%) DBGI Digital Brands Group, Inc. 6.79 +3.04 (+81.07%) ADVERTISEMENT Portfolio Portfolio Sign in to access your portfolio Sign in Recently viewed Top gainers SWKS Skyworks Solutions, Inc. 84.03 +7.49 (+9.79%) QRVO Qorvo, Inc. 112.36 +7.12 (+6.77%) VEON VEON Ltd. 69.16 +4.16

[20] IBM SEC submissions快照

发布日期：2026-09-11抓取

证据文件：/mnt/q/private/stock_site/data/batches/20260911/evidence/007_IBM/submissions.json

{"cik":"0000051143","entityType":"operating","sic":"3570","sicDescription":"Computer & office Equipment","ownerOrg":"06 Technology","insiderTransactionForOwnerExists":1,"insiderTransactionForIssuerExists":1,"name":"INTERNATIONAL BUSINESS MACHINES CORP","tickers":["IBM"],"exchanges":["NYSE"],"ein":"130871985","lei":null,"description":"","website":"","investorWebsite":"","category":"Large accelerated filer","fiscalYearEnd":"1231","stateOfIncorporation":"NY","stateOfIncorporationDescription":"NY","addresses":{"mailing":{"street1":"1 NEW ORCHARD RD","street2":null,"city":"ARMONK","stateOrCountry":"NY","zipCode":"10504","stateOrCountryDescription":"NY","isForeignLocation":0,"foreignStateTerritory":null,"country":null,"countryCode":null},"business":{"street1":"1 NEW ORCHARD ROAD","street2":null,"city":"ARMONK","stateOrCountry":"NY","zipCode":"10504","stateOrCountryDescription":"NY","isForeignLocation":null,"foreignStateTerritory":null,"country":null,"countryCode":null}},"phone":"9144991900","flags":"","formerNames":[],"filings":{"recent":{"accessionNumber":["0002005007-26-000005","0001629898-26-000005","0001969223-26-000960","0001104659-26-097089","0001104659-26-094038","0001104659-26-093453","0001104659-26-093078","0000950142-26-002191","0000051143-26-000078","0000051143-26-000077","0000051143-26-000070","0002026599-26-000004","0001630253-26-000004","0001196985-26-000003","0001628797-26-000003","0001765271-26-000003","0001771933-26-000006","0001731814-26-000005","0001269971-26-000

[21] IBM Thomas Form4

发布日期：2026-08-28

证据文件：/mnt/q/private/stock_site/data/batches/20260911/evidence/007_IBM/form4_000200500726000005.txt

Common Stock 08/26/2026 S 25,000 D $ 230.3235 (1) 47,800.35 D Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Explanation of Responses: 1. The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $229.835 to $230.69, inclusive. The reporting person undertakes to provide to International Business Machines Corporation (IBM), any security holder of IBM, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4. Remarks: L. Mallardi on behalf of R. Thomas 08/28/2026 ** Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of whic

[22] IBM Krishna phantom stock Form4

发布日期：2026-08-28

证据文件：/mnt/q/private/stock_site/data/batches/20260911/evidence/007_IBM/form4_000162989826000005.txt

Phantom Stock $ 0.00 (1) 08/27/2026 I (2) 8,375.5601 (3) (3) Common Stock 8,375.5601 $ 238.79 28,447.467 D Explanation of Responses: 1. Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis. 2. Acquisition of phantom stock units under the IBM Excess Savings Plan. 3. Distribution of phantom stock units under the IBM Excess Savings Plan is deferred until separation from the company. The reporting person may transfer these phantom stock units into an alternative investment account under such plan. Remarks: L. Mallardi on behalf of A. Krishna 08/28/2026 ** Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. * For

[23] IBM Citi Red Hat会议日程

发布日期：2026-09-09

证据文件：/mnt/q/private/stock_site/data/batches/20260911/evidence/007_IBM/citi.txt

Citi 2026 Global Technology Conference | IBM Home Investor Events Citi 2026 Global Technology Conference Citi 2026 Global Technology Conference September 09, 2026, 10:50am ET | New York, NY Matt Hicks, CEO of Red Hat has an on-stage discussion at the Citi 2026 Global Technology Conference.

[24] IBM Goldman Sachs会议日程

发布日期：2026-09-09

证据文件：/mnt/q/private/stock_site/data/batches/20260911/evidence/007_IBM/goldman.txt

Goldman Sachs 2026 Communacopia and Technology Conference | IBM Home Investor Events Goldman Sachs 2026 Communacopia and Technology Conference Goldman Sachs 2026 Communacopia and Technology Conference September 09, 2026, 4:05 PM ET | San Francisco, CA Jim Kavanaugh, SVP Finance & Operations and Chief Financial Officer, speaking on-stage at the Goldman Sachs 2026 Communacopia and Technology Conference.

[25] IBM 2026-09-10原始日线

发布日期：2026-09-10行情；2026-09-11抓取

证据文件：/mnt/q/private/stock_site/data/batches/20260911/market/IBM-raw.json

"regularMarketPrice":234.02