By Chris Katje
Publication Date: 2026-04-21 21:11:00
Tech giant International Business Machines Corp (NYSE:IBM) is set to report first-quarter (Q1) financial results on Wednesday after market close.
Here are the earnings estimates, what analysts are saying ahead of the report and key items to watch.
IBM Q1 Earnings Estimates
Analysts expect IBM to report Q1 revenue of $15.64 billion. That’s up from $14.54 billion in last year’s first quarter, according to data from Benzinga Pro.
The company beat analyst estimates for revenue in five straight quarters and in eight of the last 10 quarters overall.
Analysts also expect Q1 earnings of $1.81 per share, up from $1.60 per share in last year’s first quarter.
IBM has beaten analyst estimates for earnings per share in 12 straight quarters.
What Analysts Are Saying About IBM
Wedbush analyst Dan Ives recently said investors may misunderstand IBM’s AI growth.
The analyst currently has a $340 price target on IBM.
According to Ives, IBM is well-positioned for further growth as the enterprise sector…
