earnings
confidence high
sentiment positive
materiality 0.80
IBM Q1 revenue $15.9B (+9% YoY); EPS $1.28 GAAP, $1.91 non-GAAP; dividend raised to $1.69
INTERNATIONAL BUSINESS MACHINES CORP
2026-Q1 EPS reported
$1.28
revenue$15,917,000,000
- Revenue $15.9B, up 9% (6% cc); Software +11%, Consulting +4%, Infrastructure +15%.
- GAAP EPS $1.28, up 14%; Operating (non-GAAP) EPS $1.91, up 19%; gross margins expanded.
- Free cash flow $2.2B, up $0.3B YoY; net cash from ops $5.2B.
- FY 2026 guidance: constant currency revenue growth >5%; FCF expected to increase ~$1B YoY.
- Quarterly dividend increased to $1.69/share, payable June 10; 31st consecutive annual increase.