IBM lifts FY revenue growth outlook to 4%-5% at constant currency
IBM•IBM raises full-year revenue growth outlook
IBM raised its 2026 outlook to 4%–5% constant-currency revenue growth.
Operating pre-tax margin is now seen expanding 100 basis points, driven by faster productivity actions.
Free cash flow is still expected to rise about $1 billion year over year.
Second-quarter results and first-half cash flow
The guidance update follows 2Q26 revenue of $17.2 billion, up 1%, with operating diluted EPS of $2.93, up 5%.
First-half free cash flow totaled $4.8 billion, flat year over year.
