Revenue $17.10B, up 4.7% on a year earlier. Diluted EPS $2.30 against $1.84.
| Q3 FY26 | Q2 FY26 | Q3 FY25 | Year over year | |
|---|---|---|---|---|
| Revenue | $17.10B | $17.16B | $16.33B | +4.7% |
| Operating income | $2.50B | $2.48B | $2.43B | +2.8% |
| Net income | $2.19B | $2.17B | $1.74B | +25.6% |
| Diluted EPS | $2.30 | $2.27 | $1.84 | |
| Operating cash flow | $4.03B | $2.60B | $3.08B | +30.6% |
| Capital expenditures | -$332.00M | -$229.00M | -$255.00M | |
| Free cash flow | $3.69B | $2.37B | $2.83B | +30.6% |
| Dividend per share | $1.69 | $1.69 | $1.68 |
| Q3 FY26 | Q3 FY25 | Year over year | |
|---|---|---|---|
| Revenue Growth | 5% | 9.11% | |
| Software revenue growth | 8.2% | 10% | |
| Consulting Revenue | $5.33B | $5.32B | +0.2% |
| Consulting Revenue Growth | 0.2% | 3% | |
| Infrastructure Revenue Growth | 4.2% | 17% | |
| Revenue Growth at Constant Currency | 6% | 7% | |
| Hybrid Cloud Revenue Growth | 11% | 12% | |
| Red Hat Revenue Growth | 11% | 14% |
The week's biggest guidance misses, KPI surprises and one chart.
Stock Atlas, “International Business Machines (IBM) Q3 FY26 earnings: results and KPIs”, stockatlas.com/companies/IBM/earnings/2026-q3/, data as of 3 November 2026. Links to this page are welcome.
