IBM reported Q1 2026 revenue of $15.92 bn, up 6% constant‑currency, beating the $15.61 bn consensus estimate.
Adjusted EPS rose to $1.91, surpassing analysts’ $1.81 forecast, while software revenue grew 8% and infrastructure 11% YoY.
Despite the beat, IBM shares slipped over 7% in pre‑market trading, attributed to perceived weak software segment growth.
IBM announced a dividend increase to $1.69 per share, expects >5% full‑year revenue growth and about $1 bn higher free cash flow in 2026.