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	$2.8B	$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 16 analysts.

Low: $175.00
Consensus: $267.80
Median: $262.00
High: $350.00
Current: $214.19
Upside: +25.0%

Upside calculated vs most recent trading price of $214.19.

Analyst ratings

Consensus: Buy — based on 51 analyst ratings.

Strong Buy 1Buy 23Hold 22Sell 5

24-month trend

Recent analyst actions

Date	Firm	Action	From	To
Jul 24, 2026	Susquehanna	maintain	Neutral	Neutral
Jul 24, 2026	Citigroup	maintain	Buy	Buy
Jul 23, 2026	RBC Capital	maintain	Outperform	Outperform
Jul 23, 2026	Morgan Stanley	maintain	Equal Weight	Equal Weight
Jul 23, 2026	BMO Capital	maintain	Market Perform	Market Perform
Jul 23, 2026	Barclays	maintain	Overweight	Overweight
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 24, 2026SusquehannaNeutral
Jul 24, 2026CitigroupBuy
Jul 23, 2026RBC CapitalOutperform
Jul 23, 2026Morgan StanleyEqual Weight
Jul 23, 2026BMO CapitalMarket Perform
Jul 23, 2026BarclaysOverweight
Jul 21, 2026JefferiesBuy
Jul 21, 2026BarclaysOverweight
Jul 20, 2026StifelBuy
Jul 17, 2026JP MorganOverweight

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