International Business Machines Corp

IBM: XNYS (USA)

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IBM Earnings: Transactional Software Deal Slippage Overshadows Healthy SaaS Growth

Luke Yang

Jul 23, 2026

Following IBM's early earnings announcement on July 14, which was defined by an underwhelming 1% growth in total revenue, other parts of IBM's second-quarter results largely met expectations. Software annual recurring revenue expanded 8% year over year, and consulting signings grew 6% to $5 billion.

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International Business Machines Corp

IBM Earnings: Transactional Software Deal Slippage Overshadows Healthy SaaS Growth

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