IBM (NYSE:IBM) reported upbeat first-quarter results after Wednesday’s closing bell.
IBM reported quarterly earnings of $1.91 per share, which beat analyst estimates of $1.81 by 5.52%, according to Benzinga Pro data. Quarterly revenue of $15.92 billion beat the consensus estimate of $15.62 billion and was up from $14.54 billion in the prior year’s quarter.
IBM expects more than 5% constant currency growth and an increase of approximately $1 billion in year-over-year cash flow in 2026.
“The first quarter was a strong start to the year with broad-based revenue growth across our segments. These results reflect the integrated value of our portfolio and the trust clients put in us to improve their operations. As clients scale use cases, AI continues to …