INTERNATIONAL BUSINESS MACHINES CORP 8K

IBM reported Q2 2026 results, modest revenue and earnings growth, raised its full-year constant-currency revenue outlook to 4–5%, detailed significant AI and quantum investment plans, and declared a $1.69 quarterly dividend.

International Business Machines Corporation (IBM) filed a Form 8-K including a press release announcing its second-quarter 2026 financial results and updating its full-year outlook, reporting $17.2 billion in GAAP revenue (up 1% year over year), $2.2 billion in net income with diluted EPS of $2.27, and segment performance led by 5% growth in Software, flat Consulting, and a 7% decline in Infrastructure. The company reaffirmed its expectation for about $1 billion year-over-year growth in free cash flow and now forecasts full-year 2026 constant-currency revenue growth of 4–5%, with currency expected to be neutral and improved pre-tax margin expansion. IBM highlighted operational focus areas including scaling high-growth software such as Red Hat, watsonx, HashiCorp and Confluent, strong Distributed Infrastructure growth with a nearly $500 million order backlog, and investments in AI, automation, and quantum computing, including a planned more-than-$10 billion investment in quantum over five years and a letter of intent with the U.S. Department of Commerce to build the Anderon quantum wafer foundry. The company generated $2.6 billion of operating cash flow and $2.5 billion of free cash flow in the quarter, invested $10.5 billion in acquisitions year-to-date, ended the quarter with $8.2 billion of cash and marketable securities and $62.0 billion of total debt, and its board declared a regular quarterly dividend of $1.69 per share payable on September 10, 2026 to shareholders of record on August 10, 2026.

Filing Facts

CIK

51143

Ticker

IBM

Form

8K

Source Type

sec

Accession

0000051143-26-000077

Alert Tier

7