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International Business Machines Corp
IBMNYSE
IBM Earnings & Forecasts
IBM (IBM) earnings history, EPS estimates, revenue forecasts and company guidance.
Earnings Per Share (Non-GAAP)
Quarterly Revenue (Billions)
IBM Guidance
IBM (IBM) last issued guidance on July 22, 2026 for fiscal year 2026. The company guided revenue in the range of $70.24B - $70.91B for the period.
Compared to prior guidance, IBM raised its revenue forecast from a prior range of $17.2B - $17.2B.
IBM has issued 8 guidance updates between April 19, 2023 and July 22, 2026. During this period, the company raised its outlook 2 times and lowered it 2 times, providing investors with insight into management's evolving expectations.
Recent Earnings Results
| Metric | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Estimate | $3.02 | $1.81 | $4.31 | $2.44 |
| Actual | $2.93 | $1.91 | $4.52 | $2.65 |
| Surprise | -2.98% | +5.52% | +4.87% | +8.61% |
| Revenue | ||||
| Estimate | $17.86B | $15.66B | $19.21B | $16.10B |
| Actual | $17.16B | $15.92B | $19.69B | $16.33B |
| Surprise | -3.91% | +1.67% | +2.50% | +1.44% |
Analyst Estimates — Forward PeriodsSource: Wall Street consensus
| Metric | Q3 '26E | Q4 '26E | Q1 '27E | Q2 '27E |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Consensus | $2.89 | $4.60 | $2.11 | $3.14 |
| Revenue | ||||
| Consensus | $16.85B | $20.47B | — | — |
