IBM Q1 2026 revenue rises 9% to $15.9 billion; GAAP EPS $1.28
IBM reported first-quarter 2026 results on April 22, 2026. Revenue rose 9 percent to $15.9 billion, and GAAP diluted earnings per share from continuing operations were $1.28, up from $1.12 a year earlier. The company reiterated its full-year 2026 outlook for more than 5 percent constant currency revenue growth and about $1 billion of year-over-year free cash flow growth, and its board raised the quarterly dividend to $1.69 per share.
Key points
- Revenue of $15.9 billion, up 9 percent (6 percent at constant currency); Software up 11 percent, Infrastructure up 15 percent, Consulting up 4 percent
- GAAP diluted EPS from continuing operations of $1.28 versus $1.12; operating (non-GAAP) diluted EPS of $1.91 versus $1.60
- Free cash flow of $2.2 billion year to date; full-year 2026 free cash flow expected to rise about $1 billion
- Quarterly dividend increased to $1.69 per share, payable June 10, 2026 to holders of record as of May 8, 2026
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 22, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.