IBM (IBM Quick QuoteIBM - Free Report) reported $15.92 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 9.5%. EPS of $1.91 for the same period compares to $1.60 a year ago.

The reported revenue represents a surprise of +1.49% over the Zacks Consensus Estimate of $15.68 billion. With the consensus EPS estimate being $1.81, the EPS surprise was +5.33%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how IBM performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Revenue- Financing: $220 million versus the five-analyst average estimate of $187.52 million.
• Revenue- Other: $48 million compared to the $50.1 million average estimate based on five analysts. The reported number represents a change of -21.3% year over year.
• Revenue- Infrastructure: $3.33 billion compared to the $3.13 billion average estimate based on five analysts. The reported number represents a change of +15.3% year over year.
• Revenue- Consulting: $5.27 billion versus $5.29 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4% change.
• Revenue- Software: $7.05 billion compared to the $7.06 billion average estimate based on five analysts. The reported number represents a change of +11.3% year over year.
• Revenue- Data: $1.5 billion versus $1.42 billion estimated by three analysts on average.
• Revenue- Hybrid Infrastructure: $2.1 billion versus $1.94 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +31.3% change.
• Revenue- Transaction Processing: $1.9 billion compared to the $1.95 billion average estimate based on three analysts. The reported number represents a change of +5.6% year over year.
• Revenue- Automation: $1.7 billion compared to the $1.86 billion average estimate based on three analysts.
• Revenue- Hybrid Cloud: $1.9 billion versus $1.89 billion estimated by three analysts on average.
• Revenue- Intelligent Operations: $2.4 billion versus the three-analyst average estimate of $2.66 billion.
• Revenue- Strategy and Technology: $2.9 billion compared to the $2.91 billion average estimate based on three analysts.

View all Key Company Metrics for IBM here>>>

Shares of IBM have returned +6.3% over the past month versus the Zacks S&P 500 composite's +8.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.