Did IBM beat earnings in Q1 FY2026?

Yes. EPS was USD 1.91 versus USD 1.81 expected.

How did IBM stock react after Q1 FY2026 earnings?

IBM moved -8.3% in the next session.

When does IBM report next?

IBM is scheduled to report Q3 FY2026 after the close on October 21, 2026.

Reported earnings

International Business Machines Corporation (IBM) Q1 FY2026 earnings

International Business Machines Corporation (IBM) reported Q1 FY2026 earnings with EPS of USD 1.91 vs the USD 1.81 consensus, beating consensus by 5.5% and revenue of USD 15.92B; the stock moved -8.3% the next session, per the company's SEC filing.

Data may be out of date

This page was last refreshed on August 7, 2026, 11 days ago, which is beyond the 7-day freshness window for this page. Treat every figure as of that date and check the company's SEC filings for anything newer.

Q1 FY2026 facts

IBM Q1 FY2026 earnings facts
Report date	April 22, 2026
EPS (GAAP, filed)	USD 1.28 · SEC filing
EPS (street basis)	Actual USD 1.91 · Estimate USD 1.81 · Surprise +5.5%
Revenue (GAAP, filed)	USD 15.92B · SEC filing
Next-session move	-8.3%

Figures are in USD; revenue is in billions.

Filed figures link to the company's SEC submissions. Street-basis EPS figures follow the consensus-comparable basis reported by market-data providers. Consensus estimates are third-party aggregate values, not issuer guidance.

Beat/miss history

IBM quarterly earnings beat and miss history
Period	EPS	Revenue	Next-day move
Q2 FY2026	EPS (GAAP, filed) USD 2.27 · SEC filing EPS (street basis) Actual USD 2.93 · Estimate USD 2.93 · Surprise -0.1%	Revenue (GAAP, filed) USD 17.16B · SEC filing	+0.4%
Q1 FY2026	EPS (GAAP, filed) USD 1.28 · SEC filing EPS (street basis) Actual USD 1.91 · Estimate USD 1.81 · Surprise +5.5%	Revenue (GAAP, filed) USD 15.92B · SEC filing	-8.3%
Q4 FY2025	EPS (street basis) Actual USD 4.52 · Estimate USD 4.29 · Surprise +5.3%	Revenue (street basis) Actual USD 19.69B · Estimate —	+5.1%
Q3 FY2025	EPS (GAAP, filed) USD 1.84 · SEC filing EPS (street basis) Actual USD 2.65 · Estimate USD 2.45 · Surprise +8.3%	Revenue (GAAP, filed) USD 16.33B · SEC filing	-0.9%
Q2 FY2025	EPS (GAAP, filed) USD 2.31 · SEC filing EPS (street basis) Actual USD 2.80 · Estimate USD 2.65 · Surprise +5.5%	Revenue (GAAP, filed) USD 16.98B · SEC filing	-7.6%
Q1 FY2025	EPS (GAAP, filed) USD 1.12 · SEC filing EPS (street basis) Actual USD 1.60 · Estimate USD 1.43 · Surprise +12.1%	Revenue (GAAP, filed) USD 14.54B · SEC filing Revenue (street basis) Actual — · Estimate —	-6.6%
Q4 FY2024	EPS (street basis) Actual USD 3.92 · Estimate USD 3.78 · Surprise +3.8%	Revenue (street basis) Actual — · Estimate —	+13.0%
Q3 FY2024	EPS (GAAP, filed) USD -0.36 · SEC filing EPS (street basis) Actual USD 2.30 · Estimate USD 2.23 · Surprise +3.3%	Revenue (GAAP, filed) USD 14.97B · SEC filing Revenue (street basis) Actual — · Estimate —	-6.2%

Reaction convention: amc: next trading day close vs report-day close; bmo: report-day close vs prior trading day close; unknown timing treated as amc

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Frequently asked questions

Did IBM beat earnings in Q1 FY2026?: Yes. EPS was USD 1.91 versus USD 1.81 expected.
How did IBM stock react after Q1 FY2026 earnings?: IBM moved -8.3% in the next session.
When does IBM report next?: IBM is scheduled to report Q3 FY2026 after the close on October 21, 2026.