The financials
IBM by the numbers
IBM (IBM) reported revenue of $17.2B in Q2 2026 (quarter ended June 30, 2026), up 1.1% from the same quarter a year earlier. That came with a gross margin of 58% and net income of $2.17B (13% of revenue). For the full year FY2025, revenue was $67.5B (+7.6% year on year) and net income $10.6B. Its largest product in 2026-Q1 was Strategy And Technology at $2.90B, 18% of the disclosed total, just ahead of Intelligent Operations at 15%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $17.2B | $17.0B | +1.1% |
| Gross profit | $9.91B | $9.98B | −0.7% |
| Net income | $2.17B | $2.19B | −1.3% |
| Diluted EPS | $2.27 | $2.31 | −1.7% |
| Product | Revenue | Share |
|---|---|---|
| Strategy And Technology | $2.90B | 18% |
| Intelligent Operations | $2.38B | 15% |
| Hybrid Infrastructure | $2.11B | 13% |
| Transaction Processing | $1.93B | 12% |
| Hybrid Cloud | $1.91B | 12% |
| Automation | $1.74B | 11% |
| Data | $1.47B | 9.3% |
| Infrastructure Support | $1.22B | 7.7% |
| Financial Service | $220M | 1.4% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $15.87B (-2.6%)
Hybrid Infrastructure grew +28% year on yearInfrastructure Support -1.8% year on year
Segment Latestquarter on quarteryear on year
- Strategy And Technology$2.90B$2.90BQoQ -0.31%year on year +4.1%-0.31%+4.1%
- Intelligent Operations$2.38B$2.38BQoQ -1.8%year on year +3.9%-1.8%+3.9%
- Hybrid Infrastructure$2.11B$2.11BQoQ -6.8%year on year +28%-6.8%+28%
- Transaction Processing$1.93B$1.93BQoQ +0.10%year on year +5.7%+0.10%+5.7%
- Hybrid Cloud$1.91B$1.91BQoQ +1.0%year on year +13%+1.0%+13%
- Automation$1.74B$1.74BQoQ -10.0%year on year +9.9%-10.0%+9.9%
- Data$1.47B$1.47BQoQ +1.0%year on year +19%+1.0%+19%
- Infrastructure Support$1.22B$1.22BQoQ -6.0%year on year -1.8%-6.0%-1.8%
- Financial Service$220.0M$220.0MQoQ +10%year on year +15%+10%+15%
Information Technology Services
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