IBM lifts FY revenue growth outlook to 4%-5% at constant currency

IBM Corp

IBM Corp

IBM

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  • IBM raised its 2026 outlook to 4%-5% constant-currency revenue growth.
  • Operating pre-tax margin now seen expanding 100 basis points, driven by faster productivity actions.
  • Free cash flow still expected to rise about USD 1 billion year over year.
  • Guidance update follows 2Q26 revenue of USD 17.2 billion, up 1%, with operating diluted EPS of USD 2.93, up 5%.
  • First-half free cash flow totaled USD 4.8 billion, flat year over year.


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