By Petr Huřťák
Publication Date: 2026-02-04 05:39:00
IBM’s Q4 performance was marked by growth in software and infrastructure, which drove the company to surpass Wall Street’s revenue and profit expectations. Management credited the momentum to strong demand for AI- and automation-centric solutions, as well as continued adoption of its Z17 mainframe platform. CEO Arvind Krishna noted that “software grew 9%, our highest annual growth rate in history,” highlighting the impact of IBM’s focus on hybrid cloud and AI. Consulting services also contributed modestly, with clients increasingly seeking help to integrate AI at scale.
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Revenue: $19.69 billion vs analyst estimates of $19.21 billion (12.1% year-on-year growth, 2.5% beat)
Adjusted EPS: $4.52 vs analyst estimates of $4.29 (5.3% beat)
Adjusted EBITDA: $6.45 billion vs analyst estimates of $6.19 billion (32.7% margin, 4.2% beat)
Operating Margin: 23.1%, in line with the same…
