Earnings history

last 4 reports each · paired by recencyMethod

MAC

0 of 4at or beyond implied

Reportimpliedrealized× implied

Q3 FY26±6.2%−3.40%×0.55

Q2 FY26±9.1%−0.90%×0.10

Q1 FY26±11.9%−3.87%×0.33

Feb 19 '26±3.8%+3.24%×0.84

IBM

2 of 4at or beyond implied

Reportimpliedrealized× implied

Q3 FY26±6.4%+0.26%×0.05

Jul 23 '26±5.8%+0.43%×0.07

Q2 FY26±3.4%−25.21%×7.41

Q1 FY26±5.6%−8.25%×1.48

= impliedMAC realized, solidIBM realized, hatchedOne scale, both sides: full bar = 26%× = |realized| ÷ impliedSource: market data

MAC compared with IBM: revenue, margins and what each company keeps, and the suppliers and customers both name