INTERNATIONAL BUSINESS MACHINES CORP (IBM) Form 8-K — Oct 21, 2026
IBM beat expectations in Q3 2026 with revenue of $17.1 billion, up 5% (6% at constant currency), led by Software up 8% and Infrastructure up 4%. GAAP diluted EPS jumped 26% to $2.31, and operating (non-GAAP) EPS rose 11% to $2.95. The company raised its full-year outlook, now expecting free cash flow to increase by more than $1 billion year-over-year, while maintaining 4-5% constant currency revenue growth guidance. Q3 free cash flow was $3.0 billion, up $0.7 billion YoY, and YTD free cash flow reached $7.8 billion.
Key figures
- Eps
- 2.31
- Revenue
- 17100000000
- Guidance
- Full-year 2026 constant currency revenue growth of 4-5%; free cash flow now expected to increase by more than $1 billion year-over-year
- Net Income
- 2190000000
- Total Debt
- 63800000000
- Revenue Yoy
- 5% (6% constant currency)
- Cash Position
- 11100000000
- Dividends q3
- $1.6 billion
- Ibm z decline
- -20%
- Red hat growth
- 11%
- Acquisitions ytd
- $11.4 billion
- Software revenue
- $7.8 billion, up 8%
- Gross margin gaap
- 56.8%
- Q3 free cash flow
- $3.0 billion, up $0.7 billion YoY
- Adjusted ebitda q3
- $4.9 billion
- Consulting revenue
- $5.3 billion, flat
- Dividend per share
- $1.69 quarterly
- Ytd free cash flow
- $7.8 billion
- Data segment growth
- 19%
- Non gaap diluted eps
- 2.95
- Infrastructure revenue
- $3.7 billion, up 4%
- Q3 operating cash flow
- $4.0 billion
- Gaap diluted eps prior year
- 1.84
- Operating gross margin non gaap
- 58.5%
- Distributed infrastructure growth
- 31%
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