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International Business Machines (IBM) guidance history: what it guided and what it reported
International Business Machines gave guidance in 10 earnings releases on file since Jan 24, 2024. Its releases raised guidance 4 times and lowered it 0 times.
Free cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $1.0B (Oct 21, 2026) | — | to be reported | — |
| FY2025 | $13.5B (Jan 29, 2025) → reaffirmed $13.5B (Apr 23, 2025) → reaffirmed $13.5B (Jul 23, 2025) → raised $14.0B (Oct 22, 2025) | $12.1B (GAAP) | not judged | — |
| FY2024 | $12.0B (Jan 24, 2024) → reaffirmed $12.0B (Apr 24, 2024) → reaffirmed $12.0B (Jul 24, 2024) → reaffirmed $12.0B (Oct 23, 2024) | $12.4B (GAAP) | not judged | — |
The latest quarter
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
Does International Business Machines beat its guidance?
International Business Machines gave guidance in 10 earnings releases on file since Jan 24, 2024. Its releases raised guidance 4 times and lowered it 0 times.
How often does International Business Machines raise guidance?
Its earnings releases raised guidance 4 times and lowered it 0 times since Jan 24, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.