IBM Q1 2026: Software AI Revenue Exceeds $1.5B with 40%+ YoY Growth, Total Revenue Beats at $15.9B
CNBC·medium signal
IBM reported Q1 2026 revenue of $15.92B (vs $15.62B expected), with software AI revenue exceeding $1.5B growing 40%+ annually and total software revenue up 11% to $7.05B. Generative AI now represents ~30% of consulting backlog, and IBM raised software growth guidance to 10%+ for the year. For builders: IBM is proving that enterprise AI revenue is real and accelerating — the company that once seemed most vulnerable to AI disruption is instead monetizing it fastest among legacy incumbents.