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REAL-TIME GLOBAL RESEARCH

IBM (IBM US): Reduce: Impressive margin guidance but better value elsewhere

Published: 2026-07-24Institution: HSBCPages: 12Original language: EnglishEvidence page: 11

Research evidence excerpt

IBM (IBM US): Reduce: Impressive margin guidance but better value elsewhere

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Additional disclosures

1 This report is dated as at 24 July 2026.

2 All market data included in this report are dated as at close 22 July 2026, unless a different date and/or a specific time of

day is indicated in the report.

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