IBM Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

International Business Machines Corporation (NYSE:IBM) will release its second quarter earnings report after the closing bell on Wednesday, July 22.

Analysts expect the Armonk, New York-based company to report quarterly earnings of $2.92 per share, up from $2.80 per share in the year-ago period. The consensus estimate for IBM’s quarterly revenue is $17.33 billion. It reported $16.98 billion last year, according to Benzinga Pro.

On July 14, the company said it expects second-quarter revenue of $17.2 billion, up 1% from a year earlier but below the Wall Street consensus estimate of $17.86 billion.

IBM shares fell 1.2% to close at $210.50 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Citigroup analyst Fatima Boolani maintained a Buy rating and slashed the price target from $375 to $255 on July 17, 2026. This analyst has an accuracy rate of 76%.
• JP Morgan analyst Brian Essex maintained an Overweight rating and cut the price target from $291 to $250 on July 17, 2026. This analyst has an accuracy rate of 64%.
• Argus Research analyst Jim Kelleher maintained a Buy rating and slashed the price target from $360 to $280 on July 16, 2026. This analyst has an accuracy rate of 77%.
• Evercore ISI Group analyst Amit Daryanani maintained an Outperform rating and cut the price target from $310 to $250 on July 16, 2026. This analyst has an accuracy rate of 82%.
• HSBC analyst Abhishek Shukla downgraded the stock from Hold to Reduce and lowered the price target from $231 to $191 on July 14, 2026. This analyst has an accuracy rate of 68%.

Considering buying IBM stock? Here’s what analysts think:

Photo via Shutterstock