Consulting
Q2 2026 Consulting revenue was flat at $5.3B, up 1% at constant currency.
The numbers
What it is
IBM's consulting arm sells strategy, technology and operations services, including AI-driven workflow work for large enterprises. It is the second-largest segment by revenue but has a gross margin of about 28%, so it adds revenue more than profit.
Why it matters to the stock. Consulting shows whether enterprise customers are spending on AI projects. Flat growth means IBM's AI pitch is not yet lifting services demand.
News
IBM launches Ready for SAP Solutions for midsize ERP modernization
IBM introduced IBM Ready for SAP Solutions, a package to help midsize and fast-growing companies move to SAP cloud ERP and prepare their data for AI.
IBM buys UK cybersecurity consultancy Logiq Consulting
IBM, through IBM UK and IBM Consulting, acquired Logiq Consulting, a UK cybersecurity firm that works with defence, critical national infrastructure and public-sector clients.
IBM and OpenAI form strategic partnership with a dedicated OpenAI Practice
IBM and OpenAI agreed a strategic partnership to deploy AI across core enterprise functions such as finance, procurement, customer operations and HR.
IBM Q2 2026 confirms revenue of $17.2B and cuts 2026 growth outlook to 4% to 5%
IBM's full second-quarter 2026 report matched the July 14 preliminary figures: revenue of $17.2B, up 1%, with GAAP EPS of $2.27 and operating EPS of $2.93.
IBM declares $1.69 quarterly dividend, payable September 10, 2026
IBM's board approved a regular quarterly cash dividend of $1.69 per share, with a record date of August 10 and payment on September 10, 2026.
IBM raises quarterly dividend to $1.69, its 31st consecutive annual increase
IBM's board raised the quarterly dividend to $1.69 per share from $1.68, marking the 31st consecutive annual increase.