IBM Shares Rise as Quarterly Revenue and Earnings Top Forecasts
WHO:
CNBC - IBM CEO Arvind Krishna said clients are deploying “Super Intelligence.”
Wall Street Journal - IBM reported its quarterly results.
Investor's Business Daily - IBM is identified by the ticker symbol IBM; analysts polled by FactSet provided the earnings estimate.
WHAT:
CNBC - IBM reported net income of $2.19 billion, or $2.30 per share, compared with $1.74 billion, or $1.84 per share, a year earlier.
CNBC - IBM’s adjusted earnings excluded acquisition-related adjustments.
CNBC - IBM forecast full-year free cash flow growth of more than $1 billion and maintained its outlook for 2026 constant-currency revenue growth of 4% to 5%.
CNBC - IBM software revenue of $7.80 billion exceeded StreetAccount analysts’ $7.66 billion consensus.
Wall Street Journal - IBM’s third-quarter revenue rose 5% year over year to $17.1 billion, exceeding the $16.82 billion estimate.
Wall Street Journal - Net income increased 26% to $2.19 billion, from $1.74 billion a year earlier.
Wall Street Journal - Software revenue rose 8% to $7.8 billion; infrastructure revenue increased 4%.
Investor's Business Daily - IBM earned adjusted earnings of $2.95 per share for the September-ended quarter, up 11% year over year and above analysts’ $2.85-per-share estimate.
Investor's Business Daily - IBM stock jumped in late trading after the company reported results that beat Wall Street expectations.
Investor's Business Daily - The stock-market response was described as much better than the historic slide following IBM’s previous quarterly results.
WHERE:
Investor's Business Daily - The article says IBM stock rose in late trading; it does not specify a trading venue or location.
WHY:
Investor's Business Daily - IBM stock rose after its quarterly earnings and revenue exceeded expectations.
HOW:
CNBC - IBM’s free-cash-flow forecast was an increase of more than $1 billion, compared with its July forecast of an increase of approximately $1 billion.
Wall Street Journal - The revenue comparison was reported as year-over-year growth; the article also gave the analysts’ revenue estimate.
Investor's Business Daily - The earnings comparison was reported as adjusted earnings per share, compared with estimates from analysts polled by FactSet.
(UPDATED October 22, 2026 16:18 UTC)
IBM reported stronger-than-expected quarterly results, sending its shares higher in late trading. Revenue rose 5% from a year earlier to $17.1 billion, topping analysts’ estimate of $16.82 billion. Adjusted earnings were $2.95 per share, up 11% and above the $2.85 estimate. Net income climbed 26% to $2.19 billion, or $2.30 per share, compared with $1.74 billion, or $1.84 per share, a year earlier. Software revenue increased 8% to $7.8 billion, beating a $7.66 billion consensus, while infrastructure revenue rose 4%. IBM said adjusted earnings exclude acquisition-related adjustments. CEO Arvind Krishna said clients are deploying “Super Intelligence.” The company forecast full-year free cash flow growth of more than $1 billion, raising its earlier projection of about $1 billion, and maintained its outlook for 2026 constant-currency revenue growth of 4% to 5%.
--
(UPDATED October 22, 2026 13:21 UTC)
IBM reported stronger-than-expected quarterly results, sending its shares higher in late trading. Revenue for the third quarter climbed 5% from a year earlier to $17.1 billion, topping analysts’ estimate of $16.82 billion. Adjusted earnings came to $2.95 per share, up 11% year over year and above the FactSet-polled estimate of $2.85. Net income rose 26% to $2.19 billion, compared with $1.74 billion a year earlier. IBM’s software business brought in $7.8 billion, an 8% increase, while infrastructure revenue grew 4%. The late-trading response was markedly more positive than the historic stock slide after the company’s previous quarterly report. Investors responded to the revenue and earnings beats, though no specific trading venue was identified. The results show gains across IBM’s major reported financial measures, with software leading the revenue growth.