We prove the existence of solutions to the Kuramoto–Sivashinsky equation with low regularity data in function spaces based on the Wiener algebra and in pseudomeasure spaces. In any spatial dimension, we allow the data to have its antiderivative in the Wiener algebra. In one spatial dimension, we also allow data that are in a pseudomeasure space of negative order. In two spatial dimensions, we also allow data that are in a pseudomeasure space one derivative more regular than in the one-dimensional case. In the course of carrying out the existence arguments, we show a parabolic gain of regularity of the solutions as compared to the data. Subsequently, we show that the solutions are in fact analytic at any positive time in the interval of existence.