What is IBM's expected EPS for Q2 2026?

Analysts expect IBM (IBM) to report consensus EPS of approximately $2.93 for Q2 2026. Estimates range from $2.93 to $2.96.

What revenue do analysts expect for IBM in Q2 2026?

The consensus revenue forecast for IBM (IBM) in Q2 2026 is approximately $17.2B. Forecasts range from $17.1B to $17.2B.

How many analysts cover IBM?

10 analysts contribute to the IBM (IBM) Q2 2026 consensus estimate.

Has IBM beaten earnings estimates recently?

IBM beat analyst EPS estimates in 1 of the last 2 quarters. IBM beat revenue estimates in 1 of 2. In the most recent quarter (Q2 2026), IBM EPS missed by 0.5% and revenue missed by 1.7%.

When does IBM report Q2 2026 earnings?

IBM (IBM) is expected to report Q2 2026 earnings on July 22, 2026 after market close.

IBM Q2 2026 earnings estimate

Consensus EPS · Q2 2026

$2.93

Consensus revenue · Q2 2026

$17.2B

Analysts

Last reported

Jul 22, 2026

After close

Results are in

XP scoring in progress…

Revenue actual$17.2B

Revenue consensus$17.5B

EPS actual$2.93

EPS consensus$2.93

Revenue surprise: -1.73%EPS surprise: +0.00%

Analyst consensus

Based on estimates from 10 analysts.

Metric	Low	Consensus	High
Revenue	$17.1B	$17.2B	$17.2B
EPS	$2.93	$2.93	$2.96
EBITDA	$3.6B	$3.6B	$3.6B
EBIT	$2.1B	$2.1B	$2.1B
Net income	$2.7B	$2.8B	$2.9B

Revenue$17.2B
EPS$2.93
EBITDA$3.6B
EBIT$2.1B
Net income$2.8B

Historical beat/miss

Actual reported results vs. analyst consensus at the time. Positive = beat, negative = miss.

Period	Rev. actual	Rev. est.	Rev. surprise	EPS actual	EPS est.	EPS surprise
Q2 2026	$17.2B	$17.5B	-1.7%	$2.93	$2.95	-0.5%
Q4 2025	$19.7B	$19.2B	+2.6%	$4.52	$4.31	+4.9%

Q2 2026-1.7%-0.5%
Q4 2025+2.6%+4.9%

Estimate revisions

How analyst consensus estimates have changed over the past 90 days.

Collecting data

Revision trends appear once we have collected at least two daily snapshots for this period.

Community vs analysts

See how the TickerLeague crowd's forecast stacks up against Wall Street.

No community consensus

No TickerLeague members predicted IBM (IBM) Q2 2026 before it reported.

Analyst price target

Based on price targets from 11 analysts.

Low: $175.00
Consensus: $285.29
Median: $284.00
High: $350.00
Current: $205.77
Upside: +38.6%

Upside calculated vs most recent trading price of $205.77.

Analyst ratings

Consensus: Buy — based on 50 analyst ratings.

Strong Buy 1Buy 23Hold 21Sell 5

24-month trend

Recent analyst actions

Date	Firm	Action	From	To
Jul 21, 2026	Jefferies	maintain	Buy	Buy
Jul 21, 2026	Barclays	maintain	Overweight	Overweight
Jul 20, 2026	Stifel	maintain	Buy	Buy
Jul 17, 2026	JP Morgan	maintain	Overweight	Overweight
Jul 17, 2026	Citigroup	maintain	Buy	Buy
Jul 16, 2026	Evercore ISI Group	maintain	Outperform	Outperform
Jul 16, 2026	Argus Research	maintain	Buy	Buy
Jul 14, 2026	Oppenheimer	maintain	Outperform	Outperform
Jul 14, 2026	Morgan Stanley	maintain	Equal Weight	Equal Weight
Jul 14, 2026	HSBC	downgrade	Hold	Reduce

Jul 21, 2026JefferiesBuy
Jul 21, 2026BarclaysOverweight
Jul 20, 2026StifelBuy
Jul 17, 2026JP MorganOverweight
Jul 17, 2026CitigroupBuy
Jul 16, 2026Evercore ISI GroupOutperform
Jul 16, 2026Argus ResearchBuy
Jul 14, 2026OppenheimerOutperform
Jul 14, 2026Morgan StanleyEqual Weight
Jul 14, 2026HSBCReduce

Frequently asked questions

IBM (IBM) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview

IBM Overview

Counters

Income Statement

Cash Flow

Capital Return

How this company returns cash to shareholders — buybacks, dividends, and stock splits.

Forecast & Valuation