IBM flags preliminary Q2 revenue of $17.2 billion, up 1%; GAAP EPS down 2%
IBM released selected preliminary second-quarter 2026 results, saying its final figures could differ slightly. Revenue rose 1% to $17.2 billion, but Infrastructure revenue fell 7% and GAAP diluted EPS declined 2% to $2.27, while operating (non-GAAP) EPS rose 5% to $2.93. CEO Arvind Krishna said the quarter was below the company's expectations, mainly because numerous large deals failed to close on the expected timelines.
Key points
- Revenue of $17.2 billion, up 1%; Software up 5%, Consulting flat, Infrastructure down 7%
- GAAP diluted EPS of $2.27, down 2%; operating (non-GAAP) EPS of $2.93, up 5%
- GAAP gross profit margin 57.7%, down 100 basis points; GAAP pre-tax income margin 14.4%, down 90 basis points
- Management will discuss full-year expectations on the conference call on July 22, 2026, at 5:00 p.m. ET
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 July 14, 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.