Filing Flows › International Business Machines (IBM) › Capital expenditures
International Business Machines (IBM) capital expenditures by quarter
International Business Machines' capital expenditures were $332M in Q3 2026 (third quarter 2026), +45% from Q2 2026. Over the last 7 quarters it ranged from $210M (Q2 2025) to $382M (Q4 2025).
| Quarter | Capital expenditures | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | $332M | +45% | +30% |
| Q2 2026 | $229M | -1% | +9% |
| Q1 2026 | $232M | -39% | -5% |
| Q4 2025 | $382M | +50% | — |
| Q3 2025 | $255M | +21% | — |
| Q2 2025 | $210M | -14% | — |
| Q1 2025 | $244M | — | — |
Q3 2026 at a glance
International Business Machines, Q3 2026: revenue $17.1B (+5% year over year), operating margin 14.5%, net earnings $2.2B, operating cash flow $4.0B. The chart follows the revenue to costs, profit and cash.
Questions
What is International Business Machines' capital expenditures?
International Business Machines' capital expenditures were $332M in Q3 2026 (third quarter 2026), +45% from Q2 2026.
How has International Business Machines' capital expenditures changed?
Over the last 7 quarters it ranged from $210M (Q2 2025) to $382M (Q4 2025).
Q3 2026 results → · How International Business Machines makes money →