IBM said third-quarter revenue rose 5% to $17.1 billion in Q3 2026, or 6% at constant currency. By segment, Software rose 8%, Consulting was flat, and Infrastructure rose 4%.

1. 01

   IBM said third-quarter revenue rose 5% to $17.1 billion in Q3 2026, or 6% at constant currency. By segment, Software rose 8%, Consulting was flat, and Infrastructure rose 4%.

2. 02

   The company said its GAAP gross profit margin for Q3 was 56.8%, down 50 basis points, and its Operating (Non-GAAP) pre-tax margin was 19.3%, up 70 basis points. Diluted earnings per share from continuing operations were $2.31 on a GAAP basis and $2.95 on an Operating (Non-GAAP) basis.

3. 03

   The company said net cash from operating activities was $4.0 billion and free cash flow was $3.0 billion in Q3. For the first 9 months of the year, it said net cash from operating activities was $11.8 billion and free cash flow was $7.8 billion.

4. 04

   IBM said it continues to expect full-year constant currency revenue growth of 4 to 5% and now expects full-year free cash flow to increase by more than $1 billion year over year. The company also disclosed that it invested $11.4 billion in acquisitions this year.

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Original filing

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