International Business Machines Corporation IBM

Revenue Intelligence Report • 70 quarters of SEC filing data • Updated 2026-03-06

International Business Machines Corporation continues to demonstrate strong revenue generation capabilities, with a latest quarterly revenue of $19.686 billion. The company's investments in research and development yield an impressive long-run return of $18.20 for every dollar spent, while selling, general, and administrative expenses generate $6.80 for each dollar invested. With a fiscal year forecast projecting $72 billion in revenue, reflecting a 6.2% year-over-year growth, IBM is well-positioned for continued financial performance despite a model accuracy of 17.5% MAPE. The recent holdout test indicates a promising trajectory, with a predicted revenue close to actual figures, suggesting effective strategic spending and revenue management.

Next FY Revenue
$71.70B
+6.2% YoY
R&D Multiplier
$18.20 per $1
SG&A Multiplier
$6.80 per $1
Model Accuracy
17.5% MAPE
Holdout validation: The model predicted $18B vs the actual $20B — an error of 7.0%.

Revenue Forecast

IBM Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q4 2025 $18B $20B $14B – $23B +4.3% ✓ In range
Q2 2026 $16B $10B – $23B +13.0%
Q3 2026 $18B $11B – $26B +7.7%
Q4 2026 $18B $9B – $27B +10.1%
Q1 2027 $19B $9B – $29B -3.6%

How Spending Drives Revenue

IBM Spending Timing
Reading this chart: Each line shows the cumulative revenue generated per $1 spent over subsequent quarters. The effect builds over 4-5 quarters as investments mature.

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