International Business Machines (IBM) Stock Forecast, Price Target & Predictions
IBM Stock Forecast
International Business Machines stock forecast is as follows: an average price target of $206.09 (represents a -0.11% downside from IBM’s last price of $206.32) and a rating consensus of 'Hold', based on 15 wall street analysts offering a 1-year stock forecast.
IBM Price Target
The average price target for International Business Machines (IBM) is $206.09 based on 1-year price targets from 15 Wall Street analysts in the past 3 months, with a price target range of $385.00 to $112.00. This represents a potential -0.11% downside from IBM's last price of $206.32.
IBM Analyst Ratings
According to 15 Wall Street analysts, International Business Machines's rating consensus is 'Hold'. The analyst rating breakdown for IBM stock is 0 'Strong Buy' (0.00%), 7 'Buy' (46.67%), 8 'Hold' (53.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
International Business Machines Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 24, 2024 | Matthew Swanson | RBC Capital | $250.00 | $217.63 | 14.87% | 21.17% |
| Oct 24, 2024 | Wamsi Mohan | Bank of America Securities | $250.00 | $217.63 | 14.87% | 21.17% |
| Oct 24, 2024 | Keith Bachman | Loop Capital Markets | $260.00 | $217.63 | 19.47% | 26.02% |
| Oct 24, 2024 | Keith Bachman | BMO Capital | $260.00 | $216.94 | 19.85% | 26.02% |
| Oct 24, 2024 | James Schneider | Goldman Sachs | $250.00 | $232.75 | 7.41% | 21.17% |
| Oct 16, 2024 | David Grossman | Stifel Nicolaus | $246.00 | $232.96 | 5.60% | 19.23% |
| Sep 27, 2024 | Amit Daryanani | Evercore ISI | $240.00 | $220.84 | 8.68% | 16.32% |
| Sep 25, 2024 | Toni Sacconaghi | Bernstein | $185.00 | $220.97 | -16.28% | -10.33% |
| Sep 10, 2024 | Brent Thill | Jefferies | $200.00 | $203.53 | -1.73% | -3.06% |
| Aug 20, 2024 | Matt Dezort | Needham | $385.00 | $196.03 | 96.40% | 86.60% |
The latest International Business Machines stock forecast, released on Oct 24, 2024 by Matthew Swanson from RBC Capital, set a price target of $250.00, which represents a 14.87% increase from the stock price at the time of the forecast ($217.63), and a 21.17% increase from IBM last price ($206.32).
International Business Machines Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 6 | 10 | 20 |
| Avg Price Target | $252.67 | $252.60 | $222.75 |
| Last Closing Price | $206.32 | $206.32 | $206.32 |
| Upside/Downside | 22.47% | 22.43% | 7.96% |
In the current month, the average price target of International Business Machines stock is $252.67, according to 6 Wall Street analysts offering twelve months forecast. The average price target represents a 22.47% increase as opposed to International Business Machines's last price of $206.32. This month's average price target is up 0.03% compared to last quarter, and up 13.43% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 24, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Oct 24, 2024 | BMO Capital | Perform | Perform | Hold |
| Oct 24, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Oct 24, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Oct 24, 2024 | Goldman Sachs | Conviction Buy | Conviction Buy | Hold |
| Oct 22, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Oct 21, 2024 | Jefferies | Hold | Hold | Hold |
| Oct 17, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Oct 10, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Sep 25, 2024 | Bernstein | Market Perform | Market Perform | Hold |
International Business Machines's last stock rating was published by Goldman Sachs on Oct 24, 2024. The company gave IBM a "Buy" rating, the same as its previous rate.
International Business Machines Financial Forecast
International Business Machines Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $17.38B | $14.75B | $15.47B | $14.25B | $16.69B | $14.11B | $15.54B | $14.20B | $3.26B | $17.62B | $18.75B | $17.73B | $20.37B | $17.56B | $18.12B | $17.57B | $21.78B | $18.03B |
| Avg Forecast | $18.90B | $15.86B | $16.51B | $15.09B | $18.69B | $15.78B | $16.50B | $14.67B | $17.62B | $15.08B | $15.62B | $14.55B | $17.29B | $14.73B | $15.58B | $14.35B | $16.15B | $13.52B | $15.08B | $13.78B | $16.05B | $17.79B | $18.29B | $17.32B | $20.68B | $17.54B | $17.73B | $17.59B | $21.64B | $18.23B |
| High Forecast | $19.06B | $16.00B | $16.66B | $15.22B | $18.86B | $15.92B | $16.65B | $14.81B | $17.84B | $15.09B | $15.62B | $14.56B | $17.68B | $14.83B | $15.71B | $14.48B | $16.29B | $13.52B | $15.08B | $13.78B | $16.05B | $17.79B | $18.29B | $17.32B | $20.68B | $17.54B | $17.73B | $17.59B | $21.64B | $18.23B |
| Low Forecast | $18.73B | $15.72B | $16.37B | $14.95B | $18.53B | $15.64B | $16.35B | $14.51B | $17.50B | $15.06B | $15.62B | $14.54B | $16.65B | $14.56B | $15.44B | $14.23B | $16.01B | $13.52B | $15.08B | $13.78B | $16.05B | $17.79B | $18.29B | $17.32B | $20.68B | $17.54B | $17.73B | $17.59B | $21.64B | $18.23B |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 8 | 4 | 3 | 3 | 6 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 9 | 12 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.00% | 0.99% | 0.99% | 1.03% | 1.04% | 1.03% | 1.03% | 0.20% | 0.99% | 1.02% | 1.02% | 0.98% | 1.00% | 1.02% | 1.00% | 1.01% | 0.99% |
International Business Machines's average Quarter revenue forecast for Mar 24 based on 3 analysts is $14.55B, with a low forecast of $14.54B, and a high forecast of $14.56B. IBM's average Quarter revenue forecast represents a -16.28% decrease compared to the company's last Quarter revenue of $17.38B (Dec 23).
International Business Machines EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 8 | 4 | 3 | 3 | 6 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 9 | 12 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $3.29B | $3.38B | $3.50B | $2.50B | $4.76B | $-3.04B | $3.26B | $2.19B | $4.55B | $3.29B | $3.51B | $2.86B | $3.31B | $3.83B | $3.57B | $1.91B | $6.00B | $3.62B |
| Avg Forecast | $3.67B | $3.08B | $3.20B | $2.93B | $3.63B | $3.06B | $3.20B | $2.85B | $3.42B | $2.93B | $3.03B | $2.70B | $3.35B | $2.86B | $3.02B | $2.45B | $4.70B | $2.62B | $2.93B | $2.23B | $3.11B | $3.45B | $3.55B | $2.61B | $4.01B | $3.40B | $3.44B | $1.87B | $4.20B | $3.54B |
| High Forecast | $3.70B | $3.10B | $3.23B | $2.95B | $3.66B | $3.09B | $3.23B | $2.87B | $3.46B | $2.93B | $3.03B | $3.24B | $3.43B | $2.88B | $3.05B | $2.94B | $5.64B | $2.62B | $2.93B | $2.67B | $3.11B | $3.45B | $3.55B | $3.13B | $4.01B | $3.40B | $3.44B | $2.24B | $4.20B | $3.54B |
| Low Forecast | $3.63B | $3.05B | $3.18B | $2.90B | $3.59B | $3.03B | $3.17B | $2.81B | $3.39B | $2.92B | $3.03B | $2.16B | $3.23B | $2.83B | $3.00B | $1.96B | $3.76B | $2.62B | $2.93B | $1.78B | $3.11B | $3.45B | $3.55B | $2.09B | $4.01B | $3.40B | $3.44B | $1.49B | $4.20B | $3.54B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.18% | 1.16% | 1.02% | 1.01% | -1.16% | 1.12% | 0.98% | 1.46% | 0.95% | 0.99% | 1.09% | 0.82% | 1.13% | 1.04% | 1.02% | 1.43% | 1.02% |
3 analysts predict IBM's average Quarter EBITDA for Mar 24 to be $2.70B, with a high of $3.24B and a low of $2.16B. This is -17.93% lower than International Business Machines's previous annual EBITDA (Dec 23) of $3.29B.
International Business Machines Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 8 | 4 | 3 | 3 | 6 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 9 | 12 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $3.29B | $1.70B | $1.58B | $927.00M | $2.71B | $-3.21B | $1.39B | $733.00M | $2.46B | $1.13B | $1.32B | $955.00M | $1.36B | $1.70B | $1.36B | $1.18B | $3.67B | $1.67B |
| Avg Forecast | $3.87B | $2.29B | $2.47B | $1.69B | $3.75B | $2.24B | $2.43B | $1.53B | $3.56B | $2.08B | $2.04B | $874.08M | $3.55B | $1.99B | $1.88B | $794.61M | $2.91B | $1.67B | $2.12B | $722.38M | $3.08B | $2.25B | $2.06B | $872.98M | $1.61B | $2.30B | $1.87B | $1.15B | $4.18B | $2.38B |
| High Forecast | $3.91B | $2.31B | $2.50B | $1.71B | $3.79B | $2.27B | $2.46B | $1.79B | $3.65B | $2.08B | $2.04B | $1.05B | $3.61B | $2.03B | $1.91B | $953.54M | $3.49B | $1.67B | $2.12B | $866.85M | $3.08B | $2.25B | $2.06B | $1.05B | $1.61B | $2.30B | $1.87B | $1.38B | $4.18B | $2.38B |
| Low Forecast | $3.83B | $2.26B | $2.44B | $1.67B | $3.71B | $2.21B | $2.40B | $1.20B | $3.49B | $2.08B | $2.04B | $699.26M | $3.46B | $1.95B | $1.86B | $635.69M | $2.32B | $1.67B | $2.12B | $577.90M | $3.08B | $2.25B | $2.06B | $698.38M | $1.61B | $2.30B | $1.87B | $919.11M | $4.18B | $2.38B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | 0.86% | 0.84% | 1.17% | 0.93% | -1.92% | 0.66% | 1.01% | 0.80% | 0.50% | 0.64% | 1.09% | 0.84% | 0.74% | 0.73% | 1.02% | 0.88% | 0.70% |
International Business Machines's average Quarter net income forecast for Mar 24 is $874.08M, with a range of $699.26M to $1.05B. IBM's average Quarter net income forecast represents a -73.42% decrease compared to the company's last Quarter net income of $3.29B (Dec 23).
International Business Machines SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 8 | 4 | 3 | 3 | 6 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 9 | 12 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $4.52B | $4.46B | $4.90B | $4.85B | $4.76B | $4.39B | $4.86B | $4.60B | $3.08B | $4.45B | $5.10B | $4.93B | $6.97B | $4.37B | $4.89B | $5.61B | $5.10B | $4.74B |
| Avg Forecast | $5.69B | $4.78B | $4.97B | $4.54B | $5.63B | $4.75B | $4.97B | $4.42B | $5.31B | $4.54B | $4.71B | $5.13B | $5.21B | $4.44B | $4.69B | $4.66B | $3.84B | $4.07B | $4.54B | $4.24B | $4.83B | $5.36B | $5.51B | $4.50B | $6.23B | $5.28B | $5.34B | $5.49B | $6.52B | $5.49B |
| High Forecast | $5.74B | $4.82B | $5.02B | $4.58B | $5.68B | $4.79B | $5.01B | $4.46B | $5.37B | $4.55B | $4.71B | $6.15B | $5.32B | $4.47B | $4.73B | $5.60B | $4.61B | $4.07B | $4.54B | $5.09B | $4.83B | $5.36B | $5.51B | $5.40B | $6.23B | $5.28B | $5.34B | $6.59B | $6.52B | $5.49B |
| Low Forecast | $5.64B | $4.73B | $4.93B | $4.50B | $5.58B | $4.71B | $4.93B | $4.37B | $5.27B | $4.54B | $4.71B | $4.10B | $5.01B | $4.39B | $4.65B | $3.73B | $3.07B | $4.07B | $4.54B | $3.39B | $4.83B | $5.36B | $5.51B | $3.60B | $6.23B | $5.28B | $5.34B | $4.39B | $6.52B | $5.49B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.87% | 1.01% | 1.04% | 1.04% | 1.24% | 1.08% | 1.07% | 1.08% | 0.64% | 0.83% | 0.93% | 1.09% | 1.12% | 0.83% | 0.92% | 1.02% | 0.78% | 0.86% |
International Business Machines's average Quarter SG&A projection for Mar 24 is $5.13B, based on 3 Wall Street analysts, with a range of $4.10B to $6.15B. The forecast indicates a 13.47% rise compared to IBM last annual SG&A of $4.52B (Dec 23).
International Business Machines EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 8 | 4 | 3 | 3 | 6 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 9 | 12 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $3.55 | $1.87 | $1.74 | $1.02 | $2.99 | $-3.55 | $1.54 | $0.82 | $2.74 | $1.26 | $1.48 | $1.07 | $1.52 | $1.90 | $1.53 | $1.32 | $4.14 | $1.89 |
| Avg Forecast | $4.14 | $2.44 | $2.64 | $1.80 | $4.01 | $2.39 | $2.60 | $1.64 | $3.80 | $2.22 | $2.18 | $1.60 | $3.79 | $2.12 | $2.01 | $1.26 | $3.59 | $1.79 | $2.27 | $1.39 | $3.29 | $2.41 | $2.21 | $1.61 | $1.73 | $2.47 | $2.00 | $1.73 | $4.48 | $2.55 |
| High Forecast | $4.18 | $2.47 | $2.67 | $1.82 | $4.06 | $2.42 | $2.63 | $1.91 | $3.90 | $2.23 | $2.18 | $1.60 | $3.86 | $2.17 | $2.04 | $1.28 | $3.64 | $1.79 | $2.27 | $1.41 | $3.29 | $2.41 | $2.21 | $1.61 | $1.73 | $2.47 | $2.00 | $1.73 | $4.48 | $2.55 |
| Low Forecast | $4.09 | $2.42 | $2.61 | $1.78 | $3.96 | $2.37 | $2.57 | $1.29 | $3.73 | $2.22 | $2.18 | $1.59 | $3.69 | $2.08 | $1.99 | $1.25 | $3.55 | $1.79 | $2.27 | $1.37 | $3.29 | $2.41 | $2.21 | $1.61 | $1.73 | $2.47 | $2.00 | $1.73 | $4.48 | $2.55 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.94% | 0.88% | 0.86% | 0.81% | 0.83% | -1.98% | 0.68% | 0.59% | 0.83% | 0.52% | 0.67% | 0.66% | 0.88% | 0.77% | 0.77% | 0.76% | 0.92% | 0.74% |
According to 3 Wall Street analysts, International Business Machines's projected average Quarter EPS for Mar 24 is $1.60, with a low estimate of $1.59 and a high estimate of $1.60. This represents a -55.06% decrease compared to IBM previous annual EPS of $3.55 (Dec 23).
International Business Machines Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CYXT | Cyxtera | $0.07 | $6.35 | 8971.43% | Buy |
| NOTE | FiscalNote | $0.85 | $7.25 | 752.94% | Buy |
| EPAM | EPAM Systems | $189.30 | $328.88 | 73.73% | Buy |
| KD | Kyndryl | $23.00 | $29.80 | 29.57% | Buy |
| DXC | DXC Technology Company | $20.50 | $26.11 | 27.37% | Hold |
| CDW | CDW | $191.10 | $232.80 | 21.82% | Buy |
| FISV | Fiserv | $114.23 | $133.11 | 16.53% | Buy |
| FIS | Fidelity National Information Services | $89.70 | $101.36 | 13.00% | Buy |
| INOD | Innodata | $20.64 | $23.00 | 11.43% | Buy |
| JKHY | Jack Henry & Associates | $184.32 | $191.80 | 4.06% | Buy |
| CTSH | Cognizant Technology Solutions | $74.90 | $75.88 | 1.31% | Hold |
| IBM | International Business Machines | $206.32 | $206.09 | -0.11% | Hold |
| INFY | Infosys | $20.72 | $20.58 | -0.68% | Hold |
| IT | Gartner | $505.06 | $450.00 | -10.90% | Hold |
IBM Forecast FAQ
Is International Business Machines a good buy?
No, according to 15 Wall Street analysts, International Business Machines (IBM) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 46.67% of IBM's total ratings.
What is IBM's price target?
International Business Machines (IBM) average price target is $206.09 with a range of $112 to $385, implying a -0.11% from its last price of $206.32. The data is based on 15 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will International Business Machines stock go up soon?
According to Wall Street analysts' prediction for IBM stock, the company can go down by -0.11% (from the last price of $206.32 to the average price target of $206.09), up by 86.60% based on the highest stock price target, and down by -45.72% based on the lowest stock price target.
Can International Business Machines stock reach $300?
IBM's highest twelve months analyst stock price target of $385 supports the claim that International Business Machines can reach $300 in the near future.
What is International Business Machines's current price target trend?
6 Wall Street analysts forecast a $252.67 price target for International Business Machines (IBM) this month, up 22.47% from its last price of $206.32. Compared to the last 3 and 12 months, the average price target increased by 22.43% and increased by 7.96%, respectively.
What are International Business Machines's analysts' financial forecasts?
International Business Machines's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $65.64B (high $66.23B, low $65.03B), average EBITDA is $12.74B (high $12.85B, low $12.62B), average net income is $9.96B (high $10.31B, low $9.53B), average SG&A $19.77B (high $19.95B, low $19.58B), and average EPS is $10.64 (high $11.02, low $10.19). IBM's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $66.36B (high $66.95B, low $65.77B), average EBITDA is $12.88B (high $12.99B, low $12.76B), average net income is $10.31B (high $10.43B, low $10.19B), average SG&A $19.99B (high $20.16B, low $19.81B), and average EPS is $11.02 (high $11.15, low $10.9).
Did the IBM's actual financial results beat the analysts' financial forecasts?
Based on International Business Machines's last annual report (Dec 2023), the company's revenue was $61.86B, which missed the average analysts forecast of $61.95B by -0.14%. Apple's EBITDA was $14.59B, beating the average prediction of $11.68B by 24.84%. The company's net income was $7.5B, missing the average estimation of $8.21B by -8.67%. Apple's SG&A was $17.96B, missing the average forecast of $19B by -5.43%. Lastly, the company's EPS was $8.14, missing the average prediction of $9.19 by -11.47%. In terms of the last quarterly report (Dec 2023), International Business Machines's revenue was $17.38B, beating the average analysts' forecast of $17.29B by 0.53%. The company's EBITDA was $3.28B, missing the average prediction of $3.35B by -2.07%. International Business Machines's net income was $3.29B, missing the average estimation of $3.55B by -7.36%. The company's SG&A was $4.52B, missing the average forecast of $5.21B by -13.19%. Lastly, the company's EPS was $3.55, missing the average prediction of $3.79 by -6.44%