By Zacks Equity Research
Publication Date: 2026-08-21 15:30:00
It has been about a month since the last earnings report for IBM (IBM). Shares have added about 13.1% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is IBM due for a pullback? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at the latest earnings report in order to get a better handle on the important drivers.
IBM Q2 Earnings Meet Estimates, Revenue Misses on Deal Delays
IBM reported relatively modest second-quarter 2026 results with adjusted earnings of $2.93 per share, up 5% year over year and in line with the Zacks Consensus Estimate. Revenues rose 1.1% to $17.16 billion but missed the consensus mark of $17.32 billion by 0.9%.
The top-line miss reflected delayed large, capital-expenditure-sensitive software transactions and weaker IBM Z revenues. Software annual recurring revenue reached $24.6 billion, up 8% year over…
