IBM stock drops despite beating Q1 earnings estimates

IBM stock drops despite beating Q1 earnings estimates

By Yahoo Finance Video
Publication Date: 2026-04-22 20:23:00

00:00 Speaker A

IBM first quarter results just now crossing the wires. Let’s get you those numbers. Uh, Q1 operating EPS 191, consensus was 181. Uh, Q1 revenue 15.92 billion, the street was close to 15.67 billion. To the divisions, it looks like um that’s software revenue, 7.05 billion. That’s basically in line. consensus was 7.04 billion. consulting revenue 5.27 billion in the quarter. analysts had pencilled in

00:24 Speaker A

something along the lines of 5.29 billion. Uh, Bloomberg noting here, um, it looks like uh, IBM EIs the AI Book of Business Metrics. It doesn’t look uh like they were reported in Q1. Um, turning ahead in terms of the forecast, IBM still sees they say full-year revenue a constant currency above 5%. Uh, the street was estimating estimating 5.1%. Remember heading into this print, the stock was down around 15%

00:54 Speaker A

uh heading into this report. and you can see at least initially here, disappointment in the after…