IBM Reports Third-Quarter 2026 Financial Results

IBM reported third-quarter 2026 revenue of $17.1 billion, surpassing analyst expectations. The infrastructure segment experienced a 4% revenue increase to $3.71 billion, aided by the closure of delayed large deals. CFO Jim Kavanaugh attributed the growth to disciplined execution and strong free cash flow, while analysts noted the positive recovery driven by software and infrastructure, positioning IBM to capitalize on ongoing AI infrastructure demand.