New York, January 31, 2026, 14:27 EST — The market has closed.
- IBM shares closed lower on Friday following a turbulent week driven by the company’s latest quarterly report.
- Recent filings revealed a new board member and an insider buying shares toward the end of the week.
- Traders enter Monday focused on Washington’s funding talks and upcoming U.S. jobs data, key drivers for the next moves in rates and tech stocks.
International Business Machines Corp shares ended Friday at $306.70, slipping 0.82% after fluctuating between $299.73 and $307.78 during the session. After-hours trading showed little movement. (Investing)
IBM finds itself caught in a familiar tug-of-war: solid software-driven results on one side, and a market increasingly keyed into rates and Washington news on the other.
The next session kicks off with two key indicators investors watch closely: governance shifts and insider trades. Traders also remain focused on borrowing costs. Meanwhile, IBM’s unfolding story continues to be factored into the price.
IBM announced on Friday that Ramon L. Laguarta will join its board starting March 1. “We are pleased to have Ramon Laguarta join the IBM board,” said Arvind Krishna in the company’s statement. (Securities and Exchange Commission)
A separate filing revealed director David N. Farr purchased 1,000 IBM shares at $304 each on Jan. 30, boosting his total holdings to 9,258 shares. (Securities and Exchange Commission)
IBM’s latest quarterly results spotlighted gains in software and infrastructure. The tech giant reported fourth-quarter operating earnings of $4.52 per share on roughly $19.7 billion in revenue. Software sales jumped 14%, while infrastructure revenue surged 21%. Looking ahead, IBM projects more than 5% revenue growth in constant currency for 2026, excluding currency fluctuations. The company also expects free cash flow to rise by about $1 billion year over year, reflecting cash left after expenses and capital investments. (IBM Newsroom)
IBM is pushing ahead with an $11 billion deal to buy Confluent, following its $6.4 billion acquisition of HashiCorp. Jim Kavanaugh warned this Confluent purchase will cause roughly $600 million in dilution by 2026, impacting earnings per share due to expenses like stock compensation and interest. He also noted last year’s U.S. government shutdown knocked Red Hat’s growth by “a couple points.” The federal government makes up about 15% of Red Hat’s hybrid cloud bookings. (Reuters)
IBM is moving in a market that grew jittery on Friday. Wall Street’s major indexes slipped as investors digested Donald Trump’s pick of Kevin Warsh to replace Jerome Powell at the Federal Reserve, alongside mixed tech earnings and ongoing inflation concerns. Angelo Kourkafas of Edward Jones pointed to “a combination of investor concerns around the Fed chair announcement… mixed tech earnings and lingering inflation pressure.” Microsoft dropped 0.7%, while Meta Platforms lost 3% on the session. (Reuters)
The immediate risk is clear: a prolonged funding standoff in Washington could stall agency decisions and disrupt tech spending. The U.S. government slipped into what Reuters called a likely short shutdown after Congress missed its deadline. The House is set to revisit the spending bill when it returns Monday, Feb. 2.
Friday brings the U.S. January jobs report, due Feb. 6, following December’s bigger-than-expected jump in producer prices. Traders are eyeing IBM closely to see if its stock can maintain gains after earnings, as rate and funding signals continue to influence the market. (Reuters)
