IBM Stock Struggling on the Charts Before Earnings – Schaeffer’s Investment Research

IBM Stock Struggling on the Charts Before Earnings – Schaeffer’s Investment Research

By Laura McCandless
Publication Date: 2026-10-20 16:02:00

IBM will report earnings after the close Wednesday, Oct. 21

IBM (NYSE:IBM) is set to report third-quarter earnings after the close tomorrow, Oct. 21. Wall Street anticipates earnings of $2.87 per share on revenue of $16.84 billion, according to Zacks Consensus Estimates. These figures represent year-over-year increases of 8.3% and 3.1%, respectively.

IBM was last seen up 1.4% at $239.79, running into familiar pressure at $240. The shares have gained roughly 9% so far in October, but have yet to recover from a record 25.2% single-day selloff on July 14, after Big Blue’s preliminary second-quarter results fell short of earnings and revenue expectations. Year to date, the equity is down 19%. 

IBM Oct20

Looking back at the last 12 earnings…