Story perspectives

IBM Beats Q1 Forecasts, Revenue Up 9%, Shares Slide

4/23/2026

Summary

Story summary

IBM posted Q1 revenue of $15.92 billion and adjusted EPS of $1.91, beating forecasts.
Revenue grew 9% YoY, with software sales up 11% to $7.05 billion.
Red Hat growth rebounded to 10%.
Consulting revenue hit $5.27 billion, up 4% but below the $5.28 billion estimate, while shares slipped 6% in extended trading.
CEO Arvind Krishna said the Iran war and macro uncertainty justify unchanged guidance, while CFO Jim Kavanaugh warned of supply-chain impacts on Red Hat.

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Story summary

IBM posted Q1 revenue of $15.92 billion and adjusted EPS of $1.91, beating forecasts.
Revenue grew 9% YoY, with software sales up 11% to $7.05 billion.
Red Hat growth rebounded to 10%.
Consulting revenue hit $5.27 billion, up 4% but below the $5.28 billion estimate, while shares slipped 6% in extended trading.
CEO Arvind Krishna said the Iran war and macro uncertainty justify unchanged guidance, while CFO Jim Kavanaugh warned of supply-chain impacts on Red Hat.