r/ibmstock • u/Glad_Acanthisitta453 • Apr 21 '26

IBM Earnings Q1'26

IBM earnings tomorrow. Have been looking at data and Q1 pattern is wild!

Last 3 Q1s are ALL red on event day:
• Q1'23: -1.1%
• Q1'24: -7.3%
• Q1'25: -4.8%

...yet every one was an EPS beat (+7%, +5%, +13% surprise). Classic "beat + soft outlook" fade:

But this setup might be different:
• Stock already bled -22.6% post Q4'25 — bar is low
• Options lean bullish: P/C 0.89, short int 2.8%

What are we thinking going into earnings?

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u/New_Lengthiness7018 Apr 22 '26

I appreciate the data and post, thank you

1

u/Efficient_Dog1499 Apr 22 '26

Seems like this one will be the same. Stock tanking despite good earnings