IBM Q3 revenue rises 5% to $17.1B, software up 8%, free cash flow outlook raised

IBM reported Q3 revenue of $17.1 billion, up 5%, with software at $7.8 billion (up 8%), consulting flat at $5.3 billion and infrastructure at $3.7 billion (up 4%). It kept 4% to 5% constant-currency growth for 2026 and now expects free cash flow to rise by more than $1 billion. CEO Arvind Krishna said clients are deploying "Super Intelligence" to transform operating models. The release gives no AI book-of-business figure.

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Oct 21, 2026, 16:29 ET

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