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IBM Shares Surge 7% Despite Mixed Q4 Results

1/29/2026

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Summary

Story summary

International Business Machines Corporation (IBM) shares rose over 7% after reporting fourth-quarter results that beat expectations.
IBM posted revenue of $19.69 billion and adjusted earnings of $4.52 per share.
Growth in IBM's Red Hat hybrid cloud division slowed to 10%.
CFO Jim Kavanaugh noted that the ongoing government shutdown could impact Red Hat's bookings.
IBM's AI 'book of business' reached $12.5 billion, with reporting ending in Q1 2026.

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Story summary

International Business Machines Corporation (IBM) shares rose over 7% after reporting fourth-quarter results that beat expectations.
IBM posted revenue of $19.69 billion and adjusted earnings of $4.52 per share.
Growth in IBM's Red Hat hybrid cloud division slowed to 10%.
CFO Jim Kavanaugh noted that the ongoing government shutdown could impact Red Hat's bookings.
IBM's AI 'book of business' reached $12.5 billion, with reporting ending in Q1 2026.