Last updated: May 22, 2026 · ← Back to Stock Fact Sheets
NYSE: IBM
IBM (International Business Machines)
Hybrid cloud, AI & consulting · Armonk, NY · CEO: Arvind KrishnaLive price: Yahoo Finance →
Q1 2026 · Apr 22, 2026
Q1 revenue
$15.9BRevenue growth
+9.5% YoYNon-GAAP EPS
$1.91EPS beat
vs $1.81 est.Software rev.
$7.1B (+11%)IBM Z growth
+51% YoYFree cash flow
$2.2BFY26 FCF guide
+$1B YoYSnapshot
| Market cap | ~$230B |
| Software margin | 57.7% (non-GAAP) |
| Red Hat growth | +13% YoY |
| Data segment | +19% YoY |
| Consulting growth | +4% (slow) |
| FY26 rev. guide | >5% CC growth |
| Next earnings | Jul 22, 2026 |
Key themes
| Bull | Software+Z mainframe = margin expansion |
| Bear | Consulting only +1% CC — needs acceleration |
| Catalyst | AI tailwind for hybrid cloud & Watson |
| Risk | Confluent acquisition — $600M EPS dilution |
Not investment advice. Data as of May 22, 2026. Check live quote for current price.
IBM — Overview
IBM (NYSE: IBM) has transformed from a hardware company into a hybrid cloud and AI software company under CEO Arvind Krishna. Q1 2026 revenue of $15.9 billion grew 9.5% year-over-year, beating consensus. Non-GAAP EPS of $1.91 beat the $1.81 estimate by 5.5%, continuing IBM’s streak of four consecutive quarterly EPS beats. Software — now IBM’s largest and fastest-growing segment — grew 11% led by Red Hat (+13%), Data (+19%), and Automation (+10%). The IBM Z mainframe surged 51% year-over-year as clients upgrade to the z17 cycle to run AI workloads on-premise. CEO Arvind Krishna stated AI is a tailwind across the business, with clients using IBM products to orchestrate, deploy, and govern AI in hybrid environments. Consulting growth of just 1% at constant currency is the one soft spot the market is watching closely heading into Q2 2026 earnings on July 22.
Related Coverage
For informational purposes only. Not investment advice. Data as of May 22, 2026.
