Short answer
IBM (IBM) filed its Q2 2026 10-Q quarterly report on Jul 23, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $17.2B (up 1.1% year over year) with net income of $2.2B.
Q2 2026 key financials · XBRL
- Revenue
- $17.2B
- +1.1% YoY · +7.8% QoQ
- Net income
- $2.2B
- −1.3% YoY · +78.0% QoQ
- Gross margin
- 57.7%
- EPS (diluted)
- $2.27
- −1.7% YoY · +77.3% QoQ
Source: XBRL data from the IBM (IBM) Q2 2026 10-Q on SEC EDGAR. USD.
IBM Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q2 revenue $17.162B, up 1.1% YoY from $16.977B
- Net margin 12.6% vs 12.9%; gross margin 57.7% vs 58.8% YoY
- Best line Data revenue $1.782B, up 18.9%; worst Transaction Processing $2.030B, down 8.1%
- Operating cash flow $2.6B, up $0.9B; free cash flow $2.5B, down $0.3B
- Near-term headwinds: client spending shifts, delayed large deals, IBM Z shortfall, and Software performance below expectations
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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