Earnings ·
IBM released preliminary second-quarter 2026 financial results, reporting revenue of $17.2 billion, a 1 percent increase
IBMInternational Business Machines Corp
IBM released preliminary second-quarter 2026 financial results, reporting revenue of $17.2 billion, a 1 percent increase. Software revenue grew 5 percent, while consulting revenue remained flat at 1 percent in constant currency. Infrastructure revenue declined 7 percent, a shortfall attributed to client capex reprioritization and cybersecurity distractions. GAAP diluted earnings per share were $2.27, down 2 percent, while non-GAAP operating diluted EPS rose 5 percent to $2.93. Year-to-date free cash flow reached $4.8 billion. The company also highlighted a $5 billion commitment to its Lightwell initiative and plans to invest over $10 billion in quantum computing over the next five years. IBM is a technology company providing software, consulting, and infrastructure services.