Market cap
$224.6bn
Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.
Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.
In addition, these non-GAAP measures provide a perspective consistent with areas of interest we routinely receive from investors and analysts. Management Discussion – (continued) Financial Results Summary — Three Months Ended June 30: (1) Year-to-year revenue growth of 1 percent adjusted for currency. nm - not meaningful The following table provides the company’s operating (non-GAAP) earnings for the second quarter of 2026 and 2025. Total revenue grew 1.1 percent both as reported and adjusted for currency compared to the prior-year period. Software and Infrastructure revenue results were below our expectations, while Consulting was in-line. …INTERNATIONAL BUSINESS MACHINES CORP, 10-Q, period ended 2026-06-30, filed 2026-07-23