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IBM Q2 2026 earnings: why the outlook fell to 4–5% growth

IBMEarningsEnterprise SoftwareInfrastructureArtificial Intelligence

IBM's final second-quarter figures changed very little from the selected results it released eight days earlier. Revenue was US$17.162bn, Software grew 5.1%, Consulting grew 0.2% and Infrastructure fell 7.4%. Operating earnings per share remained US$2.93.

IBM's preliminary Q2 results: what changed before the full report

IBMEarningsEnterprise SoftwareInfrastructureArtificial Intelligence

IBM's selected preliminary second-quarter results showed revenue up 1%, with Software growth slowing to 5% and Infrastructure falling 7%. IBM said customers shifted late-June budgets toward supply-constrained servers, storage and memory.