# IBM (IBM) — Earnings

IBM · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/ibm/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $2.93 |
| EPS estimate | $3.01 |
| EPS surprise | −2.74% |
| Revenue surprise | −3.91% |
| Revenue | $17.2B |
| Revenue estimate | $17.9B |
| Reported | Jul 22, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/51143/000005114326000078/ibm-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/54efd0e2-684c-6d2d-4f16-81d31c63b7db.html) |

IBM reported Q2 2026 results on July 22, 2026. Earnings per share were $2.93, short of the $3.01 estimate by 2.74%. Revenue was $17.2 billion, below the $17.9 billion consensus. Compared with Q2 2025, EPS rose about 5% from $2.80 and revenue edged up from $17.0 billion.

The longer record shows gradual growth with a clear seasonal pattern. Q4 is the largest quarter each year, and Q4 2025 set the highs here at $4.52 per share and $19.7 billion in revenue. Annual EPS rose from $9.12 in 2022 to $9.61 in 2023, $10.33 in 2024 and $11.57 in 2025, about 27% over three years. Annual revenue rose about 12% over the same span, from $60.5 billion to $67.5 billion. The first half of 2026 adds up to $4.84 per share, about 10% more than a year earlier. Over the last 20 quarters, IBM beat the EPS estimate 18 times. The only other miss was Q3 2021, at 0.01% below.

IBM reported Q3 between October 19 and October 25 in each of the past five years. That points to late October 2026 for the next report, which will be compared with Q3 2025's $2.65 per share.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Jul 22, 2026 | $3.01 | $2.93 | -2.74% | $17.9B | $17.2B |
| Q1 2026 | Apr 22, 2026 | $1.81 | $1.91 | 5.57% | $15.6B | $15.9B |
| Q4 2025 | Jan 28, 2026 | $4.31 | $4.52 | 4.91% | $19.2B | $19.7B |
| Q3 2025 | Oct 22, 2025 | $2.45 | $2.65 | 8.32% | $16.1B | $16.3B |
| Q2 2025 | Jul 23, 2025 | $2.65 | $2.80 | 5.70% | $16.6B | $17.0B |
| Q1 2025 | Apr 23, 2025 | $1.42 | $1.60 | 12.35% | $14.4B | $14.5B |
| Q4 2024 | Jan 29, 2025 | $3.78 | $3.92 | 3.81% | $17.6B | $17.6B |
| Q3 2024 | Oct 23, 2024 | $2.22 | $2.30 | 3.38% | $15.1B | $15.0B |
| Q2 2024 | Jul 24, 2024 | $2.18 | $2.43 | 11.66% | $15.6B | $15.8B |
| Q1 2024 | Apr 24, 2024 | $1.60 | $1.68 | 5.30% | $14.6B | $14.5B |
| Q4 2023 | Jan 24, 2024 | $3.79 | $3.87 | 2.00% | $17.3B | $17.4B |
| Q3 2023 | Oct 25, 2023 | $2.12 | $2.20 | 3.56% | $14.7B | $14.8B |
| Q2 2023 | Jul 19, 2023 | $2.01 | $2.18 | 8.27% | $15.6B | $15.5B |
| Q1 2023 | Apr 19, 2023 | $1.26 | $1.36 | 7.71% | $14.4B | $14.3B |
| Q4 2022 | Jan 25, 2023 | $3.59 | $3.60 | 0.14% | $16.2B | $16.7B |
| Q3 2022 | Oct 19, 2022 | $1.79 | $1.81 | 1.04% | $13.5B | $14.1B |
| Q2 2022 | Jul 18, 2022 | $2.27 | $2.31 | 1.93% | $15.1B | $15.5B |
| Q1 2022 | Apr 19, 2022 | $1.39 | $1.40 | 0.53% | $13.8B | $14.2B |
| Q4 2021 | Jan 24, 2022 | $3.29 | $3.35 | 1.73% | $16.0B | $16.7B |
| Q3 2021 | Oct 20, 2021 | $2.41 | $2.41 | -0.01% | $17.8B | $17.6B |

## Frequently Asked Questions

### When did IBM (IBM) last report earnings?

IBM last reported on Jul 22, 2026, covering fiscal Q2 2026.

### Did IBM beat earnings estimates?

No. IBM reported EPS of $2.93 for Q2 2026 against a $3.01 estimate — a 2.74% miss.

### How much revenue did IBM report last quarter?

IBM reported $17.2B in revenue for Q2 2026, against a consensus estimate of $17.9B.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).