By Priya Nigam
Publication Date: 2026-04-13 16:23:00
IBM (NYSE:IBM) is scheduled to report its first-quarter results for fiscal 2026 on April 22.
The tech company is likely to report its quarterly results in line with expectations. BofA Securities analyst Wamsi Mohan expects Confluent to contribute approximately $50 million in revenues.
The Confluent acquisition closed around one quarter earlier than expected.
The IBM Analyst: Mohan reiterated a Buy rating, and slashed the price target from $340 to $300.
The IBM Thesis: The focus during the earnings release is likely to be on the integration of the Confluent acquisition and the contribution projected for 2026.
Check out other analyst stock ratings.
Investors are also likely to study on consumption growth at RedHat, which IBM purchased in 2019. The sustainability of the company’s Software and Consulting segments is also in focus, “given the recent disruption narrative in the industry,” he added.
Confluent is likely to keep its full-year guidance unchanged as it looks to “offset the…
