InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$232.14

2026-10-16

Market Cap

$218.7B

Volume

6.9M

52-Wk High

$332.46

52-Wk Low

$199.19

Trailing PE

20.3

P/S

3.17

Gross Margin

58.4%

Net Margin

15.5%

ROE

34%

ROIC

10%

Piotroski

5/9

Altman Z

3.2

1-Yr Return

-15.4%

5-Yr Return

+139.3%

International Business Machines Corporation (IBM) delivers comprehensive technology solutions and services across the globe. The company's operations are structured into four primary segments: Software, Consulting, Infrastructure, and Financing. The Software division provides hybrid cloud platforms and a range of software offerings, including Red Hat's enterprise open-source solutions. It also develops software for business automation, AIOps and management, integration, and application servers, in addition to data and artificial intelligence tools. This segment further supplies security software and services for threat, data, and identity management, and offers critical transaction processing software that supports essential on-premise workloads for industries such as banking, airlines, and retail. The Consulting arm delivers business transformation services, which encompass strategy development, business process design and operational improvements, data and analytics insights, and system integration. It additionally provides technology consulting and specialized application and cloud platform services. IBM's Infrastructure segment offers both on-premises and cloud-based server and storage solutions, specifically tailored for clients' crucial and regulated operations. It also extends support and solutions for hybrid cloud infrastructure, alongside remanufacturing and remarketing services for used equipment. The Financing segment provides various financial services, such as leasing, installment payment plans, loan financing, and short-term working capital solutions. Originally established in 1911 as the Computing-Tabulating-Recording Co., the company is now known as International Business Machines Corporation and maintains its headquarters in Armonk, New York.

SectorTechnologyIndustryInformation Technology ServicesExchangeNYSEMarket Cap$218.7BEmployees0 (SEC-filed)CEOArvind KrishnaIPO1915-09-24CountryUS

One New Orchard Road, Armonk, NY 10504 · Tel 914 499 1900 · ibm.com

INSIDERSTREET SCORE69 / 100Street mean $244.58 (12 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALTWO-WAY FLOW$0.1M buys against $5.8M sells / 6 mo

1 Year vs S&P 500 · IBM -15.4% · S&P 500 +15.9% · spread -31.3pp

7 Years vs S&P 500 · IBM +139.3% · S&P 500 +189.9% · spread -50.5pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

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INSIDERSTREET
SCORE69of 100

Score Breakdown

Profitability	64/100
Growth	66/100
Momentum	90/100
Quality	68/100
Earnings Quality	74/100
Balance Sheet	32/100
Value	44/100
Risk (safety)	80/100
Overall	68.9/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
ACN	70
INFY	71
FI	41
CTSH	66
SHOP	68
KLAC	72
IBM	69

IS Score Trend — quarterly

14 quarters, 23 Q1 to 26 Q2. Peak 69 in 23 Q4, latest 69 — -0 since. Fell in 1 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

BUSINESS QUALITY69 / 100IS Score 68.9 / 100 · -0.3 from peak of 69

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTUREBULLISHTechnical Score 65 / 100 · Power +30 · 16 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

Both readings sit above the midpoint — business quality at 69 and price structure at 65 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.

Trigger	Where it stands now	What it would mean
IS Score reaches 75 and holds two consecutive quarters	now 68.9	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 65 → 69 → 68 → 69	the direction matters more than the level
Technical vote share back above 50%	now 73%	price structure no longer broken
Institutional holder count rises two quarters running	peak 3,709 → now 3,649	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

Site Convergence Score3 of 4top 4% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)14 buys2026-09-11

Insider Buys (180d)0none disclosed

ETF Funds (30d)1569 up / 1210 downnet +359 funds

Institutions Added (13F)155managers opening or increasing

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 3,709 · latest 3,649 (-60 from peak).

Quarter	Holders	13F shares	Value	Reported own%
2026 Q2	3,649	620.4M	$171.2B	66.0%
2026 Q1	3,494	593.4M	$141.2B	63.1%
2025 Q4	3,709	598.8M	$173.6B	63.7%
2025 Q3	3,423	578.2M	$160.7B	61.5%
2025 Q2	3,415	588.5M	$170.4B	62.6%
2025 Q1	3,269	587.4M	$144.0B	62.5%
2024 Q4	3,148	574.8M	$124.6B	61.2%
2024 Q3	2,940	566.6M	$122.7B	60.3%
2024 Q2	2,768	549.9M	$93.9B	58.5%
2024 Q1	2,811	547.1M	$102.2B	58.2%
2023 Q4	2,690	541.3M	$87.0B	57.6%
2023 Q3	2,471	531.4M	$73.8B	56.5%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Buberl Thomas	director	2026-09-30	A-Award	444	—	15,256
Brown Marianne Catherine	director	2026-09-30	A-Award	415	—	4,460
Miebach Michael	director	2026-09-30	A-Award	415	—	4,724
Pollack Martha E	director	2026-09-30	A-Award	268	—	17,899
Voser Peter R.	director	2026-09-30	A-Award	455	—	33,290
Zollar Alfred W	director	2026-09-30	A-Award	415	—	10,427
Farr David N	director	2026-09-30	A-Award	268	—	23,782
Laguarta Ramon	director	2026-09-30	A-Award	415	—	869

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
S — Open-market sales	1	25,000	$5.8M	Counted
P — Open-market purchases	2	484	$0.1M	Counted
M — Exercises (paired A/D)	2	7,295	—	None — mechanics
F — Tax withholding	2	4,035	$1.2M	None — compensation
G — Gifts	1	400	—	None

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalTwo-Way Flow

Open-Market Sells$5.8M1 txns / 6 mo

Open-Market Buys$0.1M2 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Filed	Filer	Shares registered	Est. proceeds
2026-08-26	Robert Thomas	25,000	$5.8M
2025-03-03	Robert D Thomas	26,543	$6.7M
Trailing 12 mo	1 filings	25,000	$6M

Filed	Form	Reporting person	% of class	Shares
2026-04-30	SCHEDULE 13G	Vanguard Capital Management	7.48%	70.2M sh
2025-02-07	SCHEDULE 13G/A	The Vanguard Group	10.03%	92.8M sh

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Member	Chamber	Trade	Size band	Traded	Disclosed
Ro Khanna	House	SELL	$1,001 - $15,000	2026-09-25	2026-10-09
Ro Khanna	House	BUY	$1,001 - $15,000	2026-09-11	2026-10-09
Lloyd Doggett	House	BUY	$1,001 - $15,000	2026-09-10	2026-10-06
Shelley Moore Capito	Senate	SELL	$15,001 - $50,000	2025-10-29	2025-11-04
Shelley Moore Capito	Senate	SELL	$15,001 - $50,000	2025-10-29	2025-11-04
Shelley Moore Capito	Senate	SELL	$15,001 - $50,000	2025-10-29	2025-11-04

House 12-Mo88 trades47 purchases

Senate 12-Mo5 trades0 purchases

CoverageSTOCK Act filings30-45 day disclosure lag

13F Filers (last complete Q)3,494

13F Shares593M63.1% of shares out

New / Closed184 / 335positions, QoQ

Increased / Reduced1,519 / 1,340positions, QoQ

Put/Call (13F)1.05option positions

Free Float99.8%940M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Wealth Enhancement Advisory Servic	717,954	$141M
Assenagon Asset Management S.A.	664,709	$146M
Fort Washington Investment Advisor	313,203	$69M
Birch Hill Investment Advisors Llc	284,328	$63M
Mn Services Vermogensbeheer B.V.	278,165	$61M
Czech National Bank	270,698	$60M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VITSX	0.3%	$6.6B
VTSAX	0.3%	$6.6B
VSMPX	0.3%	$6.6B
VTI	0.3%	$6.6B
VFFSX	0.3%	$5.4B
VFIAX	0.3%	$5.4B

13F Filers Holding IBM — quarterly

Institutional Put/Call — quarterly

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Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session43.1%2026-10-15

20-Day Avg45.9%50-day 46.7%

TrendFalling20d vs 50d

By Market CenterQ: 43% · N: 45% · B: 45%latest session

Weekly Notional ($B)

Where IBM Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Incr Intelligent Cross Llc	5.5M	33 sh
Ubsa Ubs Ats	4.6M	37 sh
Sgmt Sigma X2	3.1M	34 sh
Ebxl Level Ats	2.6M	22 sh
Pure Purestream	2.2M	36 sh
Mlix Instinct X	1.9M	44 sh

Where a dollar of International Business Machines Corporation revenue goes. All values FY2025 filings, live.

Region	Revenue	Share
Americas	$33.3B	49%
E M E A	$22.2B	33%
Asia Pacific	$12.0B	18%

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IBM (live moat model)Peer median: ACN · INFY · FI · CTSH · SHOP

Component scores from the live moat model. Peer median illustrative.

Moat score 63/100 — Narrow; primary source Intangible Assets.

3.8 · Employees (SEC filings)

Officer	Title
Arvind Krishna	Chief Executive Officer, President & Chairman
James J. Kavanaugh	Chief Financial Officer and Senior Vice President of Finance & Operations
Robert D. Thomas	Senior VP of IBM Software & Chief Commercial Officer
Gary D. Cohn	Executive Vice Chairman

Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Quarterly EPS — Actual vs. Consensus

Beats (>2%)5 of 6recent quarters

Avg Surprise+6.0%

Next Report2026-10-21

Income Quality1.39OCF ÷ net income

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

Profit Margins (%)

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Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY21	FY22	FY23	FY24	FY25
Revenue	+3.9%	+5.5%	+2.2%	+1.4%	+7.6%
Gross profit	+2.0%	+3.8%	+4.9%	+3.6%	+13.0%
Operating income	+47.3%	+19.1%	+20.1%	+2.6%	+2.5%
Net income	+2.7%	-71.4%	+357.4%	-19.7%	+75.9%

$B · FY ends	FY21	FY22	FY23	FY24	FY25
Revenue	57.4	60.5	61.9	62.8	67.5
Cost of revenue	25.9	27.8	27.6	27.2	27.4
Gross profit	31.5	32.7	34.3	35.6	40.2
R&D expense	6.5	6.6	6.8	7.5	8.3
SG&A expense	18.7	18.6	17.6	17.9	21.5
Operating income	6.9	8.2	9.8	10.1	10.3
EBITDA	12.4	7.2	14.7	12.2	17.3
D&A	6.4	4.8	4.4	4.7	5.0
Pretax income	4.8	1.2	8.7	5.8	10.3
Income tax	0.1	-0.6	1.2	-0.2	-0.2
Net income	5.7	1.6	7.5	6.0	10.6
Diluted EPS ($)	6.35	1.80	8.14	6.43	11.17
Diluted shares (M)	905	912	922	937	949

Operating CF$13B

CapEx$2B

Free cash flow$12B

SBC$0B

Buybacks$0B

Net cash change$-1B

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Balance Sheet — Full

$B	FY22	FY23	FY24	FY25
Cash & equivalents	7.9	13.1	13.9	13.6
ST investments	0.9	0.4	0.6	0.8
Receivables (net)	7.0	14.0	14.0	17.6
Total current assets	29.1	32.9	34.5	35.9
PP&E (net)	8.2	8.7	8.9	9.0
Goodwill + intangibles	67.1	71.2	71.4	79.1
Total assets	127.2	135.2	137.2	151.9
Accounts payable	4.1	4.1	4.0	4.8
Short-term debt	4.8	6.4	5.1	7.2
Deferred revenue	12.0	13.5	13.9	16.1
Total current liabilities	31.5	34.1	33.1	38.7
Long-term debt	46.0	49.8	49.9	57.4
Total liabilities	105.2	112.6	109.8	119.1
Shareholders' equity	22.0	22.6	27.4	32.7

Cash Flow Statement — Full

$B	FY22	FY23	FY24	FY25
Net income	1.6	7.5	6.0	10.6
D&A	4.8	4.4	4.7	5.0
Stock-based compensation	1.0	1.1	1.3	0.0
Working capital change	0.2	2.2	1.3	(4.1)
Operating cash flow	10.4	13.9	13.4	13.2
Capital expenditures	(2.0)	(1.8)	(1.7)	(1.6)
Investing cash flow	(4.2)	(7.1)	(4.9)	(10.3)
Buybacks	(0.4)	(0.4)	0.0	0.0
Dividends paid	(5.9)	(6.0)	(6.1)	(6.3)
Debt issuance / (repay)	1.2	4.5	(0.9)	2.9
Financing cash flow	(5.0)	(1.8)	(7.1)	(3.8)
Free cash flow	8.5	12.1	11.8	11.6

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Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
PROFITABILITY
ROE	29.1%	8.0%	33.7%	24.2%	35.3%	34%
ROA	4.0%	1.3%	5.7%	4.4%	7.3%	7.1%
ROIC	10.0%	18.8%	12.3%	14.7%	14.0%	10.4%
Gross margin	54.9%	54.0%	55.4%	56.7%	59.5%	58.4%
Operating margin	12.0%	13.5%	15.9%	16.1%	15.3%	17.9%
Net margin	10.0%	2.7%	12.1%	9.6%	15.7%	15.5%
EBITDA margin	21.6%	11.9%	23.8%	19.4%	25.6%	25.4%
FCF margin	17.5%	14.0%	19.6%	18.7%	18.2%	—
VALUATION
P/E	17.98	70.52	19.02	33.53	26.63	20.3
P/B	5.46	5.27	6.33	7.40	8.64	6.3
P/S	1.80	1.91	2.31	3.22	4.18	3.17
P/FCF	10.30	13.67	11.77	17.17	22.97	16.0
EV/EBITDA	12.18	22.43	12.88	20.18	19.37	15.8
EV/Revenue	2.64	2.66	3.06	3.92	4.96	4.0
Earnings yield	5.6%	1.4%	5.3%	3.0%	3.8%	4.92%
FCF yield	9.7%	7.3%	8.5%	5.8%	4.4%	6.23%

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
LEVERAGE & SOLVENCY
Current ratio	0.88	0.92	0.96	1.04	0.93	0.79
Quick ratio	0.83	0.87	0.93	1.00	0.90	0.74
Debt / equity	2.92	2.46	2.66	2.14	2.06	1.89
Debt / assets	41.8%	42.4%	44.3%	42.6%	44.2%	42.9%
Net debt / EBITDA	3.86	6.31	3.16	3.60	3.05	3.31
Interest coverage	5.19	1.95	6.41	4.39	6.34	—

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
EFFICIENCY
Asset turnover	0.40	0.47	0.47	0.46	0.47	0.45
Receivables turnover	9.14	9.11	8.99	8.95	6.07	4.9
DSO (days)	40	40	41	41	60	74
DPO (days)	56	52	54	55	58	56
Cash conversion cycle	8	9	4	2	19	41
GROWTH (YoY)
Revenue growth	-22.1%	5.5%	2.2%	1.4%	7.6%	—
Net income growth	2.8%	-71.4%	357.4%	-19.7%	75.9%	—
EPS growth	2.1%	-71.8%	351.8%	-21.0%	74.0%	—
FCF growth	-33.0%	-15.6%	43.2%	-3.0%	4.5%	—
PER SHARE ($)
EPS (diluted, TTM)	6.35	1.79	8.09	6.39	11.12	11.41
Book value / share	20.89	23.96	24.30	28.98	34.28	36.75
Revenue / share	63.40	66.09	66.71	66.59	70.91	73.52
FCF / share	11.09	9.24	13.07	12.48	12.90	14.50
Cash / share	8.01	9.54	14.49	15.48	15.19	8.65
SHAREHOLDER RETURN & SCORES
Buyback yield	0.3%	0.4%	0.3%	0.3%	0.1%	0.24%
Altman Z-Score	2.73	2.82	3.02	3.30	3.54	3.2
Piotroski F-Score	5	6	6	7	6	5/9
Beneish M-Score	-2.68	-2.81	-1.82	-2.74	-2.33	-2.48

Model	Score	Zone	Note
Piotroski F-Score	5 / 9	Middling
Altman Z-Score	3.2	Safe (>2.99)	Safe
Income quality	1.39	Cash-backed	OCF ÷ net income
Beneish M-Score	-2.48	Non-manipulator	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	1.03
Interest burden	0.84
Operating margin	17.9%
Asset turnover	0.46×
Financial leverage	4.85×
= ROE	35%

Growth Quality (live)	Value
Revenue stability	0.16
Earnings stability	0.38
Earnings persistence	0.50
Revenue CAGR 3y	4.5%
EPS CAGR 3y	72.3%
FCF CAGR 3y	10.7%

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Buyback Yield0.24%

Dividend Yield2.90%

Total Shareholder Return2.32%cash yield

SBC / Revenue2.0%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
ACN	$140.6B	16.8	27%	10.7%	+6.5%	8/9	-1.9%
INFY	$49.7B	15.7	32%	16.1%	+4.1%	7/9	-22.8%
FI	$34.3B	12.2	11%	11.8%	-11.7%	5/9	-51.4%
CTSH	$29.7B	14.2	15%	11.6%	+5.6%	5/9	+1.3%
SHOP	$220.0B	113.8	16%	41.9%	+32.5%	7/9	—
KLAC	$216.3B	45.0	87%	37.3%	+11.7%	7/9	—
ANET	$223.2B	55.1	31%	40.0%	+32.6%	5/9	—
CRWD	$232.8B	6459.9	1%	0.4%	+24.3%	7/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Buy

51 Analysts

Str Sell (0)Sell (5)Hold (22)Buy (23)Str Buy (1)

Mean Target (qtr)$244.5812 targets

Target vs. Price+5.4%last-quarter mean

Next Report2026-10-21street $2.86

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$70.36B	$70.65B / $70.08B	$12.31	$12.61 / $12.06	14
FY2027	$73.09B	$74.55B / $72.00B	$13.15	$13.81 / $12.72	14
FY2028	$76.92B	$79.23B / $75.06B	$14.34	$16.20 / $12.84	6

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$240.00	+3.4%	1
Last Quarter	$244.58	+5.4%	12
Last Year	$291.76	+25.7%	54
All Time	$236.87	+2.0%	105

Rolling mean of published targets vs. last close $232.14. Aggregated from StreetInsider, Benzinga, Pulse 2.0.

Third-Party Composite Rating

B

DCF

4/5

ROE

5/5

ROA

4/5

Debt/Eq

1/5

P/E

2/5

P/B

1/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

IBM -15.4% vs S&P 500 +15.9% — spread -31.3pp

Sector — XLK +29.0%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$226.33	+5.81	+2.57%	Above
SMA 50	$232.00	+0.14	+0.06%	Above
SMA 200	$251.31	-19.17	-7.63%	Below
EMA 9	$228.87	+3.27	+1.43%	Above
EMA 21	$228.55	+3.59	+1.57%	Above
EMA 50	$232.07	+0.07	+0.03%	Above
EMA 200	$247.08	-14.94	-6.05%	Below

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTBULLISHPower Score +3016 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%67

Momentum 25%82

Volume 20%50

Volatility 10%67

Patterns 15%50

This Week73% bullishof 11 price-based votes

4 Weeks Ago18%+55 pts since

12 Weeks Ago0%+73 pts since

ReadImprovingweek-over-week trajectory

Price vs SMA 20$226.33

Price vs SMA 50$232.00

Price vs SMA 200$251.31

EMA 9/21 Cross228.9/228.6

SMA 50/200Death

ADX DirectionADX 12

Supertrend$238

Parabolic SAR$221

SMA Slope0.130

RSI53.8

Stochastic K/D78/73

StochRSI K/D88/90

Williams %R-25

CCI107

TSI vs Signal-3.1

CMO7.6

ROC4.26%

OBV SignalDistrib

Chaikin MF-0.230

MFI60

Force Index5M

Elder Ray Bull8.30

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 73

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$231.42 / $236.84 / $239.55	S1 / S2	$228.71 / $223.29
Bollinger (20,2)	$217.09 – $235.56	Squeeze	Off
52-wk range	$199.19 – $332.46	Off 52-wk high	-30.2%
ATR (14)	$6.29 (2.7%)	Historical vol	23.5%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

+2.9%Jan65%

-1.0%Feb45%

+2.1%Mar71%

+0.6%Apr50%

+0.7%May55%

-0.0%Jun45%

+2.1%Jul70%

-0.6%Aug45%

+2.1%Sep60%

-2.4%Oct40%

+2.2%Nov70%

+1.2%Dec60%

Sample: 20 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	IBM	S&P 500
Weekly volatility (σ, 1y)	7.53%	1.83%
Best / worst week (1y)	+26.2% / -30.1%	—
Max drawdown (5y, monthly)	-36.9%	—
1-week VaR (95%)	-10.0%	—
Beta (5y)	0.71	1.00

IBM EQUITY WEATHER (LIVE)RAINY · -20

Trend-22

Momentum+33

Volume-53

Volatility-60

Breadth-17

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 971 stories, weekly buckets, −1 to +1.

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall-19.6-6.1 vs industry

Trend-21.6-11.4 vs industry

Momentum+32.9+41.9 vs industry

Volume-53.2-57.2 vs industry

Reading	IBM	Information Technology Services n=1,049	Technology n=6,969	All US symbols n=70,435
Overall	-19.6	-13.5	-20.7	-20.5
Trend	-21.6	-10.2	-20.8	-21.3
Momentum	+32.9	-9.0	-28.5	-15.8
Volume	-53.2	+4.0	+0.0	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
V.M. Rometty Chairman, President and CEO	$19.3M	83% equity+incentive
K.M. Keverian Senior VP, Corporate Strategy	$9.6M	123% equity+incentive
S.A. Mills Executive VP, Software and System	$8.3M	68% equity+incentive
J.E. Kelly III Senior VP, Solutions Portfoli	$6.6M	72% equity+incentive
M.J. Schroeter Senior VP and CFO	$5.1M	85% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	80
Social	73
Governance	61
Composite ESG	71

Composite ESG Trend

Filed	8-K contents	Items
2026-10-01	Officer/Director Change; Bylaws Amendment; Exhibits	5.02,5.03,9.01
2026-08-14	Exhibits	9.01
2026-07-22	Earnings Release; Exhibits	2.02,9.01
2026-07-14	Earnings Release; Regulation FD; Exhibits	2.02,7.01,9.01
2026-06-23	Material Agreement; Financial Obligation; Exhibits	1.01,2.03,9.01
2026-05-28	Regulation FD	7.01
2026-05-01	Officer/Director Change; Bylaws Amendment; Shareholder Vote	5.02,5.03,5.07
2026-04-22	Earnings Release; Exhibits	2.02,9.01

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2020 to 2025
Reported vs consensus	fact/earnings_calendar	24 rows · 2020-10-19 to 2026-07-22
Analyst estimates	dim/forward_estimates	3 rows · 2026-12-31 to 2028-12-31
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	128 rows · 1987 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-09-30
Proposed sales (Form 144)	edgar/form144	1 record
Beneficial ownership (13D/G)	edgar/13dg	2 rows · 2025-02-07 to 2026-04-30
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.