Business · Companies · 3 hrs ago
IBM's third-quarter profit rose 26% as revenue grew 5%
IBM reported results for July through September 2026, its third quarter.
Revenue rose 5% from a year earlier to $17.1 billion, while net profit increased 26% to $2.19 billion.
Earnings per share also rose, from $1.84 to $2.31.
The company kept its full-year revenue growth forecast at 4% to 5%, measured at constant currency rates.
CEO Arvind Krishna said customers were using what he called “Super Intelligence” to transform their operating models, and said IBM expected free cash flow to rise by more than $1 billion for the year.
IBM’s earnings growth came alongside a steady outlook, with no change to its annual revenue forecast.
IBM reported third-quarter 2026 revenue of $17.1 billion, up 5% from a year earlier.
Ekonomim reported net profit of $2.19 billion, up 26%, while UOL reported profit of $2.81 billion, up 12%, excluding extraordinary events.
IBM’s earnings per share rose to $2.31 from $1.84, according to Ekonomim.
The company kept its full-year revenue growth forecast of 4% to 5% at constant currency.
CEO Arvind Krishna said IBM expected full-year free cash flow to increase by more than $1 billion year on year.
- Who
- IBM.
- What
- It reported third-quarter revenue growth of 5% to $17.1 billion. Profit figures differ between reports: Ekonomim said net profit rose 26% to $2.19 billion, while UOL said profit excluding extraordinary events rose 12% to $2.81 billion.
- When
- The third quarter of 2026, covering July to September. Results were reported on October 21, 2026.
- Where
- Not stated.
- Why
- Not stated.
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- Revenue
- $17.1 billion, up 5% year on year
- Net profit
- $2.19 billion, up 26%, according to Ekonomim
- Profit excluding extraordinary events
- $2.81 billion, up 12%, according to UOL
- Earnings per share
- $2.31, compared with $1.84 a year earlier
- Full-year revenue forecast
- 4% to 5% growth at constant currency
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What people are saying
Our customers are now deploying Super Intelligence in ways that transform their entire operating models, rather than solving only narrow or emerging problems.