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In this paper, we study the performance of spatial modulation (SM) multiple-input–multiple-output (MIMO) wireless systems over generic fading channels. More precisely, a comprehensive analytical framework to compute the average bit error probability (ABEP) is introduced, which can be used for any MIMO setup, for arbitrary correlated fading channels, and for generic modulation schemes. It is shown that, when compared with state-of-the-art literature, our framework 1) has more general applicability over generalized fading channels, 2) is, in general, more accurate as it exploits an improved union-bound method, and, 3) more importantly, clearly highlights interesting fundamental trends about the performance of SM, which are difficult to capture with available frameworks. For example, by focusing on the canonical reference scenario with independent identically distributed Rayleigh fading, we introduce very simple …