IBM (IBM) Q2 2026 Earnings News: $2.93 EPS Miss and Lower Growth Outlook Limit the Rally to 0.43%

AI Market Summary
IBM's Q2 2026 results showed modest 1% revenue growth and an operating EPS miss ($2.93 vs $3.02 consensus), while full-year constant-currency revenue growth guidance was reduced to 4%–5%. Software strength (Red Hat +11%, Data +19%) partially offset a sharp infrastructure reset (IBM Z -42%). Free-cash-flow growth guidance was maintained, supporting shares despite the lowered growth outlook.
Impact level
● Low
Affected assets
NCSKIBMR2USD/USDT+3.14%
AI Insight · NCSKIBMR2USD/USDTAI Insight
● Neutral
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IBM reported Q2 2026 GAAP revenue of $17.2 billion, up 1% year over year, and operating non-GAAP EPS of $2.93, below an independently reported adjusted consensus of $3.02. This analysis reviews segment trends, lower revenue-growth expectations, the first post-release session and technical levels for August.