INTERNATIONAL BUSINESS MACHINES CORP is expected to release its Q3 2026 10-Q filing on October 21, 2026, after market close. Last quarter: IBM’s Q2 FY2026 revenue grew 1.1% to $17.2B, but an IBM Z-related Infrastructure shortfall and lower gross margin contributed to a 1.3% decline in net income to $2.2B. Source: 10-Q Item 2 MD&A, pp.46-47.
EPS Estimate
$2.94
Revenue Estimate
$17.22B
Analyst consensus from Finnhub. Actual results posted within minutes of the SEC filing on the IBM page.
Drawn from management commentary in the Q2 2026 10-Q:
Revenue increased 1.1% year over year to $17.2B. Management stated that Software and Infrastructure performance was below expectations, while Consulting was in line; Software grew 5.1%, Consulting was essentially flat at 0.2% growth, and Infrastructure declined 7.4%.
Infrastructure revenue fell 7.4% to $3.8B, with IBM Z revenue down 42.0% versus a historically strong prior-year z17 launch period. Management attributed the shortfall partly to large deals that did not close on expected timelines after clients redirected spending toward supply-constrained servers, storage and memory ahead of anticipated price increases.
Software revenue rose 5.1% to $7.8B, led by Data growth of 18.9% and Hybrid Cloud growth of 11.2%. Management said approximately 80% of Software revenue is recurring; Software ARR was $24.6B, up approximately $2.0B year over year, reflecting Confluent and growth in the recurring-revenue base, while Transaction Processing revenue declined 8.1%.
Revenue
$17.16B
++1.09% YoY
EPS (Basic)
$2.30
-2.54% YoY
Gross Margin
57.7%
-1.04% YoY
Add IBM to your watchlist to get the AI analysis in your inbox within minutes of the 10-Q filing.