IBM tops profit expectations in Q2 2026 while revenue comes in slightly below forecasts

IBM reported its second-quarter 2026 results on Wednesday, July 22, 2026, after the close of Wall Street trading. Revenue rose 1% from a year earlier to $17.2 billion, slightly below analyst estimates of about $17.9 billion. Adjusted earnings were $2.93 per share, ahead of the $2.86 expected, while GAAP earnings were $2.27 per share.

The software segment posted revenue of $7.76 billion, up 5%, while infrastructure revenue fell 7% to $3.8 billion. Management guided to full-year 2026 revenue growth of 4% to 5% in constant currency. IBM shares rose about 1.8% in after-hours trading on Wednesday.