International Business Machines Corporation (IBM) Financials
Key financial figures for International Business Machines Corporation (Q2 2026).
IBM revenue grows just 1% as mainframe cycle rolls over; Software accelerates and free cash flow guidance is reaffirmed, but full-year revenue growth guidance is narrowed to 4-5% from 'more than 5%'. Total revenue of $17.16 billion grew only 1% year-over-year (three months ended June 30, 2026), as a 42% decline in IBM Z mainframe revenue offset Software strength; GAAP diluted EPS was $2.27 and non-GAAP operating diluted EPS was $2.93 Software revenue rose 5% to $7.76 billion, led by Data (up 19%, aided by a first full quarter of Confluent) and Hybrid Cloud/Red Hat (up 11%); Transaction Processing declined 8% Consulting revenue was flat at $5.33 billion, with both Strategy & Technology and Intelligent Operations sub-segments flat Infrastructure revenue fell 7% to $3.84 billion as IBM Z main. On the outlook: IBM narrowed full-year 2026 guidance to constant-currency revenue growth of 4-5% (from 'more than 5%' reaffirmed at Q1 2026) and reaffirmed an expected increase in full-year free cash flow of approximately $1 billion year-over-year. Figures are for Q2 2026, as International Business Machines Corporation reported them.
- Revenue
- $17.2B
- Net Income
- $2.2B
- EPS
- $2.30
- Total Assets
- $152.1B
- Operating Cash Flow
- $2.6B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $17.2B | $2.2B | $2.30 | 15.24% | $2.4B |
| Q1 FY2026 | $15.9B | $1.2B | $1.28 | 13.94% | $4.8B |
| Q4 FY2025 | $19.7B | $5.6B | $5.88 | 24.63% | $3.7B |
| Q3 FY2025 | $16.3B | $1.7B | $1.84 | 16.29% | $2.8B |
| Q2 FY2025 | $17.0B | $2.2B | $2.31 | 18.18% | $1.5B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $67.5B | $10.6B | $11.17 | 18.5% | $12.1B |
| FY2024 | $62.8B | $6.0B | $6.43 | 16.05% | $11.8B |
| FY2023 | $61.9B | $7.5B | $8.14 | 15.88% | $12.1B |
Frequently asked questions
What was International Business Machines Corporation's revenue last quarter?
International Business Machines Corporation reported revenue of $17.16 billion for Q2 FY2026, up 1.1% from the same period a year earlier.
Is International Business Machines Corporation profitable?
Yes. International Business Machines Corporation reported net income of $2.17 billion for Q2 FY2026, a net margin of 12.62% on revenue.
How has International Business Machines Corporation's margin trended?
Operating margin was 15.24% in Q2 FY2026, compared with 18.18% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
When does International Business Machines Corporation report next?
International Business Machines Corporation is scheduled to report results on 2026-10-21. The company has confirmed that date.
Full income statement, balance sheet and cash flow for International Business Machines Corporation on SentiSense, with up to forty quarters and twenty fiscal years of history.