IBM RELEASES THIRD-QUARTER RESULTS
IBM reported Q3 2026 revenue of $17.1 billion, up 5% YoY (6% at constant currency), with accelerated growth led by Software (+8%) and Infrastructure (+4%). GAAP diluted EPS from continuing operations rose 26% to $2.31, with operating (non-GAAP) EPS of $2.95. Q3 free cash flow was $3.0 billion, up $0.7 billion YoY.
Key figures
- Eps
- 2.31
- Revenue
- 17100000000
- Guidance
- Full-year constant currency revenue growth 4-5%; free cash flow now expected to increase by more than $1 billion year-over-year
- Revenue Yoy
- 5%
- Q3 fcf
- 3027000000
- Eps yoy
- 26%
- Ytd fcf
- 7787000000
- Net income
- 2190000000
- Total debt
- $63.8 billion
- Software yoy
- 8%
- Software revenue
- 7804000000
- Gross margin gaap
- 56.8%
- Adjusted ebitda q3
- $4.9B
- Consulting revenue
- 5335000000
- Dividend per share
- 1.69
- Eps operating non gaap
- 2.95
- Gross margin operating
- 58.5%
- Infrastructure revenue
- 3707000000
- Ytd operating cash flow
- 11791000000
- Cash and marketable securities
- $11.1 billion
AI analysis
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