Tech

Published Wed, Oct 21 2026 4:28 PM EDT Updated Wed, Oct 21 2026 6:03 PM EDT

Key Points

IBM beat on the top and bottom lines and raised its full-year forecast for free cash flow.

The company's gross margin was narrower than expected.

IBM called for full-year free cash flow to increase by more than $1 billion.

Arvind Krishna, chief executive officer of International Business Machines Corp. (IBM), speaks during an executive order signing in the Oval Office of the White House in Washington, DC, US, on Monday, June 22, 2026.

Bonnie Cash | Bloomberg | Getty Images

IBM shares slipped in extended trading on Wednesday after the technology vendor reported better-than-predicted third-quarter results.

Here's how the company performed relative to LSEG consensus:

Earnings: $2.95 adjusted vs. $2.86 expected

Revenue: $17.10 billion vs. $16.82 billion expected

IBM's revenue grew about 5% from a year ago, according to a statement .…