IBM shares fell more than 5% during premarket trading on Thursday despite the technology company reporting better-than-expected third-quarter earnings and revenue. The company posted adjusted earnings of $2.95 per share, beating analyst estimates of $2.86, while revenue reached $17.10 billion against expectations of $16.82 billion.
IBM reported a higher third-quarter profit and growing revenue across its software and infrastructure segments, as it looks to prove to investors that its disappointing second-quarter showing was just a blip.
IBM finance chief James Kavanaugh on Wednesday said delayed software deals that rattled investors in the last quarter were beginning to close, as the company lifted its forecast for the business and reported better-than-expected third-quarter earnings.
Exceeded expectations with accelerated revenue growth led by Software and Infrastructure; Raises outlook for full-year free cash flow ARMONK, N.Y., Oct. 21, 2026 /PRNewswire/ -- IBM (NYSE: IBM) today announced third-quarter 2026 earnings results.
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