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International Business Machines Earnings Calls
| Release date | Apr 22, 2026 |
| EPS estimate | $1.81 |
| EPS actual | $1.91 |
| EPS Surprise | 5.52% |
| Revenue estimate | 15.631B |
| Revenue actual | 15.917B |
| Revenue Surprise | 1.83% |
| Release date | Jan 28, 2026 |
| EPS estimate | $4.31 |
| EPS actual | $4.52 |
| EPS Surprise | 4.87% |
| Revenue estimate | 19.19B |
| Revenue actual | 19.686B |
| Revenue Surprise | 2.58% |
| Release date | Oct 22, 2025 |
| EPS estimate | $2.45 |
| EPS actual | $2.65 |
| EPS Surprise | 8.16% |
| Revenue estimate | 16.093B |
| Revenue actual | 16.331B |
| Revenue Surprise | 1.48% |
| Release date | Jul 23, 2025 |
| EPS estimate | $2.65 |
| EPS actual | $2.80 |
| EPS Surprise | 5.66% |
| Revenue estimate | 16.589B |
| Revenue actual | 16.977B |
| Revenue Surprise | 2.34% |
Last 4 Quarters for International Business Machines
Below you can see how IBM performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jul 23, 2025 |
| Price on release | $282.01 |
| EPS estimate | $2.65 |
| EPS actual | $2.80 |
| EPS surprise | 5.66% |
| Date | Price |
|---|---|
| Jul 17, 2025 | $282.00 |
| Jul 18, 2025 | $285.87 |
| Jul 21, 2025 | $284.71 |
| Jul 22, 2025 | $281.96 |
| Jul 23, 2025 | $282.01 |
| Jul 24, 2025 | $260.51 |
| Jul 25, 2025 | $259.72 |
| Jul 28, 2025 | $263.21 |
| Jul 29, 2025 | $262.41 |
| 4 days before | 0.0035% |
| 4 days after | -6.95% |
| On release day | -7.62% |
| Change in period | -6.95% |
| Release date | Oct 22, 2025 |
| Price on release | $287.51 |
| EPS estimate | $2.45 |
| EPS actual | $2.65 |
| EPS surprise | 8.16% |
| Date | Price |
|---|---|
| Oct 16, 2025 | $275.97 |
| Oct 17, 2025 | $281.28 |
| Oct 20, 2025 | $283.65 |
| Oct 21, 2025 | $282.05 |
| Oct 22, 2025 | $287.51 |
| Oct 23, 2025 | $285.00 |
| Oct 24, 2025 | $307.46 |
| Oct 27, 2025 | $313.09 |
| Oct 28, 2025 | $312.57 |
| 4 days before | 4.18% |
| 4 days after | 8.72% |
| On release day | -0.87% |
| Change in period | 13.26% |
| Release date | Jan 28, 2026 |
| Price on release | $294.16 |
| EPS estimate | $4.31 |
| EPS actual | $4.52 |
| EPS surprise | 4.87% |
| Date | Price |
|---|---|
| Jan 22, 2026 | $294.67 |
| Jan 23, 2026 | $292.44 |
| Jan 26, 2026 | $296.33 |
| Jan 27, 2026 | $293.86 |
| Jan 28, 2026 | $294.16 |
| Jan 29, 2026 | $309.24 |
| Jan 30, 2026 | $306.70 |
| Feb 02, 2026 | $314.73 |
| Feb 03, 2026 | $294.31 |
| 4 days before | -0.173% |
| 4 days after | 0.0510% |
| On release day | 5.13% |
| Change in period | -0.122% |
| Release date | Apr 22, 2026 |
| Price on release | $251.86 |
| EPS estimate | $1.81 |
| EPS actual | $1.91 |
| EPS surprise | 5.52% |
| Date | Price |
|---|---|
| Apr 16, 2026 | $251.00 |
| Apr 17, 2026 | $253.47 |
| Apr 20, 2026 | $253.71 |
| Apr 21, 2026 | $255.68 |
| Apr 22, 2026 | $251.86 |
| Apr 23, 2026 | $231.08 |
| Apr 24, 2026 | $231.98 |
| Apr 27, 2026 | $228.05 |
| Apr 28, 2026 | $233.07 |
| 4 days before | 0.343% |
| 4 days after | -7.46% |
| On release day | -8.25% |
| Change in period | -7.14% |
International Business Machines Earnings Call Transcript Summary of Q1 2026
IBM reported a strong start to 2026 with Q1 revenue up 6% and free cash flow of $2.2 billion (up 13%), driven by software strength, infrastructure demand (notably a 48% increase in IBM Z), and durable consulting momentum. Software grew 8% (Data up 16%; Red Hat 10%), ARR reached $24.6B (+10% YoY), and Confluent closed in mid‑March, strengthening IBM’s data streaming capabilities. Infrastructure rose 12% with broad-based hybrid infrastructure growth and new flash storage demand. Consulting grew 1% with ~30% of backlog tied to generative AI. Profitability expanded: operating pretax margin +140 bps, adjusted EBITDA +17%, and operating EPS +19%. Management reiterated full‑year targets: revenue growth of 5%+ (software now expected to grow 10%+), free cash flow growth of roughly $1B, and ~1 point operating pretax margin expansion despite absorbing near‑term dilution from the Confluent close. Key strategic themes: IBM positioning as a software‑led hybrid cloud and AI platform (open, sovereign, and hybrid), emphasis on data-in-motion (Confluent), orchestration/governance (watsonx, watsonx Orchestrate), AI-enabled modernization and automation (Bob, watsonx Code Assistant), strategic partnerships (NVIDIA, ARM), and continued investment in quantum. Management remains prudent on guidance despite stronger-than-expected Q1, citing geopolitical uncertainty and the early stage of the year.
