International Business Machines Corporation (IBM) Q2 2026 Earnings Call Transcript

International Business Machines Corporation ( IBM ) Q2 2026 Earnings Call July 22, 2026 5:00 PM EDT Company Participants Olympia McNerney - Global Head of Investor Relations Arvind Krishna - CEO, President & Chairman James Kavanaugh - CFO and Senior VP of Finance & Operations Conference Call Participants Amit Daryanani - Evercore ISI Institutional Equities, Research Division Brent Thill - Jefferies LLC, Research Division Benjamin Reitzes - Melius Research LLC Fatima Boolani - Citigroup Inc., Research Division Erik Woodring - Morgan Stanley, Research Division Matthew Swanson - RBC Capital Markets, Research Division Presentation Operator Welcome, and thank you for standing by. [Operator Instructions] Today's conference is being recorded. If you have any objections, you may disconnect at this time. Now I will turn the meeting over to Olympia McNerney, IBM's Global Head of Investor Relations. Olympia, you may begin.

Olympia McNerney Global Head of Investor Relations Thank you. I'd like to welcome you to IBM's Second Quarter 2026 Earnings Presentation. I'm Olympia McNerney, and I'm here today with Arvind Krishna, IBM's Chairman, President and Chief Executive Officer; and Jim Kavanaugh, IBM's Senior Vice President and Chief Financial Officer. We'll post today's prepared remarks and a replay of today's webcast on the IBM Investor website within a couple of hours. The earnings presentation is already available. To provide additional information to our investors, our presentation includes certain non-GAAP measures. For example, all of our references to revenue and signings growth are at constant currency. We provided reconciliation charts for these and other non-GAAP financial measures at the end of the presentation, which is posted to our investor website. Finally, some comments made in this presentation may be considered forward-looking under the Private Securities Litigation Reform Act of 1995. These statements involve factors that could cause our actual results to differ materially. Additional information about these factors is included in the company's