By BV Swagath
Publication Date: 2026-04-23 08:53:00
IBM has reported a net income of $1.2bn for the first quarter of 2026 (Q1 2026), reflecting a 15% increase from the $1.1bn recorded in the same period of the previous year.
The company reported diluted earnings per share (EPS) of $1.28 from continuing operations for the first quarter of 2026, compared to $1.12 in the same quarter of the previous year, marking a 14% increase.
IBM’s revenue for the quarter rose by 9% to $15.9bn, compared to $14.5bn in the first quarter of 2025. This growth was driven by strong performances across its business segments, with the Software division leading the charge.
The company’s operating (non-GAAP) pre-tax income from continuing operations increased to $2.1bn, up from $1.7bn, marking a 23% year-on-year growth. The adjusted EBITDA was reported at $4.0bn, an increase from $3.4bn in the previous year, with an adjusted EBITDA margin of 25.0%, up from 23.4%.
The Software division generated $7.1bn in revenue, an 11% increase…