Revenue Growth Acceleration
IBM posted Q1 2026 revenue of $15.92B, up 9.5% year-over-year from $14.54B, reflecting broad-based demand across its business segments and continued momentum in hybrid cloud and AI-related offerings.
INTERNATIONAL BUSINESS MACHINES CORP is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: IBM delivered strong Q1 2026 results with revenue of $15.9B (+9.5% YoY) and net income of $1.2B (+15.3% YoY), driven by gross margin expansion to 56.2% and robust operating cash flow growth of 18.3%.
Drawn from management commentary in the Q1 2026 10-Q:
IBM posted Q1 2026 revenue of $15.92B, up 9.5% year-over-year from $14.54B, reflecting broad-based demand across its business segments and continued momentum in hybrid cloud and AI-related offerings.
Gross profit rose 11.4% YoY to $8.95B, pushing gross margin to 56.2% from 55.2% in Q1 2025, indicating IBM is improving the profitability mix of its revenue base and managing cost of revenue growth (7.0%) below revenue growth (9.5%).
R&D expense increased 11.4% YoY to $2.17B, outpacing revenue growth, signaling IBM's continued commitment to investing in next-generation technologies including AI and quantum computing to sustain long-term competitiveness.
Revenue
$15.92B
++9.46% YoY
EPS (Basic)
$1.30
++14.04% YoY
Gross Margin
56.2%
++1.00% YoY
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