---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000851680.md"
description: "$IBM(IBM.US)IBM: Reset, Not BreakdownIBM’s US$67 billion post-earnings wipeout looks dramatic, but the fundamental story is more nuanced. Q2 revenue reached US$17.2 billion, with Software still growing 5%, Red Hat 11% and Data 19%. However, flat Consulting and a 7% Infrastructure decline forced management to cut FY2026 constant-currency revenue-growth guidance to 4–5%. (IBM Newsroom)The technical picture argues against chasing the rebound. IBM remains below its ~US$244.50 200-day moving average, although the ~US$229 50-day average provides an important near-term reference. (Investing.com)Valuation is more attractive after the collapse, but not yet compelling enough to ignore execution risk. FY2026 consensus EPS is approximately US$12.33, while the analyst target averages around US$245, with an unusually wide US$174–350 range. (StockAnalysis)Verdict: ACCUMULATE selectively. IBM remains a quality cash-generative AI/hybrid-cloud franchise, but investors should demand evidence that delayed software spending converts into H2 growth.For option writers, cash-secured puts below major support offer a superior entry mechanism to outright buying, provided the premium adequately compensates for the risk of another valuation reset.Not financial advice."
datetime: "2026-08-13T00:14:02.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000851680.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000851680.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000851680.md)
author: "[FaithAnchor](https://longbridge.com/en/profiles/24833348.md)"
generator: "portal-rs"
---

# $IBM(IBM.US)IBM: Reset, Not BreakdownIBM’s US$67 b…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**