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IBM Beats Revenue Estimates, Lifts Software Growth Outlook

By Drooid · Oct 22, 2026, 2:24 AM UTC · How we work

Summary

Story summary

IBM reported third-quarter revenue of $17.10 billion, above the $16.82 billion estimate.
Software revenue rose 8.3% to $7.80 billion, beating the $7.62 billion forecast.
IBM now expects annual software revenue growth of about 7%-8%, up from the prior 6%-8% range.
IBM forecast full-year free cash flow to increase by more than $1 billion, exceeding its earlier $1 billion expectation.

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Story summary

IBM reported third-quarter revenue of $17.10 billion, above the $16.82 billion estimate.
Software revenue rose 8.3% to $7.80 billion, beating the $7.62 billion forecast.
IBM now expects annual software revenue growth of about 7%-8%, up from the prior 6%-8% range.
IBM forecast full-year free cash flow to increase by more than $1 billion, exceeding its earlier $1 billion expectation.