International Business Machines's results for Q3 2026 (quarter ended Sep 30, 2026) come from the company's own earnings release, filed with the SEC on 2026-10-21. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.
At a glance
| Item | Value |
|---|---|
| Revenue (GAAP) | $17,103 million (+4.7% vs a year earlier) |
| Diluted EPS (GAAP) | $2.31 |
| Adjusted per-share figure (company's non-GAAP measure; FFO/AFFO for REITs) | $2.95 |
| Full-year guidance | Reaffirmed |
Guidance
IBM continues to expect 4%–5% constant-currency revenue growth in 2026 and now expects free cash flow to rise by more than $1 billion year-over-year.
Why this label: Revenue outlook unchanged ('continues to expect' 4-5% cc growth); only free cash flow was raised, which is not a core item. No EPS guide.
| Metric | Period | New | Prior (as stated in the release) |
|---|---|---|---|
| free cash flow | FY2026 | increase of more than $1 billion year-over-year | not stated |
| revenue growth (constant currency) | FY2026 | 4%–5% | 4%–5% (release: 'continues to expect') |
From the release
Revenue: "TOTAL REVENUE · 17,103 · 16,331"
Earnings per share: "GAAP from Continuing Operations · $ · 17.1B · $ · 9.7B · 56.8 · % · $ · 2.5B · 14.6 · % · $ · 2.2B · $ · 2.31"
free cash flow: "The company now expects full-year free cash flow to increase by more than $1 billion year-over-year"
revenue growth (constant currency): "The company continues to expect full-year constant currency revenue growth in the range of four-to-five percent."
Quotes are copied from the filing; in table rows, cell borders are shown as “·”.
Key fact: Reaffirmed 2026 constant-currency revenue growth of 4–5%; expects free cash flow up over $1 billion.
Source
International Business Machines earnings release (SEC filing), accession 0000051143-26-000093, filed 2026-10-21.
Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.