Filing Flows › International Business Machines (IBM) › Gross margin
International Business Machines (IBM) gross margin by quarter
International Business Machines' gross margin was 56.8% in Q3 2026 (third quarter 2026), -0.9 pts from Q2 2026. Over the last 7 quarters it ranged from 55.2% (Q1 2025) to 60.6% (Q4 2025).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 56.8% | -0.9 pts | -0.5 pts |
| Q2 2026 | 57.7% | +1.5 pts | -1.0 pts |
| Q1 2026 | 56.2% | -4.4 pts | +1.0 pts |
| Q4 2025 | 60.6% | +3.3 pts | — |
| Q3 2025 | 57.3% | -1.5 pts | — |
| Q2 2025 | 58.8% | +3.5 pts | — |
| Q1 2025 | 55.2% | — | — |
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' gross margin?
International Business Machines' gross margin was 56.8% in Q3 2026 (third quarter 2026), -0.9 pts from Q2 2026.
How has International Business Machines' gross margin changed?
Over the last 7 quarters it ranged from 55.2% (Q1 2025) to 60.6% (Q4 2025).
Q3 2026 results → · How International Business Machines makes money →