IBM reported fiscal 2026 third-quarter revenue of $17.1 billion, up about 5% from a year earlier, while adjusted earnings came in at $2.95 per share. Both figures topped analyst expectations. The company also lifted its full-year guidance, raising its software revenue growth outlook to about 7% to 8% and increasing its full-year free cash flow growth target to more than $1 billion. IBM said software and mainframe deals that had been delayed as customers shifted spending toward data center infrastructure have started to get signed. Over the first nine months, free cash flow reached $8 billion, a record high for the period. Despite the stronger results and higher guidance, IBM shares fell 4.95% in after-hours trading to $239.02.
IBM reported fiscal 2026 third-quarter revenue of $17.1 billion, up about 5% year over year, and adjusted earnings of $2.95 per share. Both results came in above analyst expectations.
The company also raised its full-year outlook. IBM lifted its software revenue growth guidance to about 7% to 8% and increased its full-year free cash flow growth guidance to more than $1 billion.
IBM said software and mainframe deals that had been delayed as customers shifted spending toward data center infrastructure have started to be signed. Free cash flow for the first nine months reached $8 billion, the highest ever for the same period.
IBM shares fell 4.95% in after-hours trading to $239.02.
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