By Lekha Gupta
Publication Date: 2026-04-23 11:51:00
Earnings Snapshot
IBM reported quarterly earnings of $1.91 per share, which beat analyst estimates of $1.81 by 5.52%, according to Benzinga Pro data.
Quarterly revenue of $15.92 billion beat the consensus estimate of $15.62 billion and was up from $14.54 billion in the prior year’s quarter.
Total revenue growth slowed to 9% this quarter, down from 12.2% in the previous quarter. Growth in the critical software segment also showed signs of cooling, which pressured the stock.
IBM’s software division revenue growth slowed to 11.3% in the quarter, down from 14% in the previous quarter.
IBM expects more than 5% constant currency growth and an increase of approximately $1 billion in year-over-year cash flow in 2026.
Conference Call Takeaways
IBM completed the acquisition of Confluent during the quarter, enhancing its capabilities in data streaming and hybrid cloud.
The company deployed $10.5 billion toward acquisitions in the quarter, largely driven by the Confluent…
