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IBM released its financial results for the third quarter of fiscal year 2026 on October 21, 2026. According to Wallstreetcn, quarterly revenue was $17.103 billion, up 5% year over year, and adjusted earnings per share were $2.95, up 11% year over year, both beating Wall Street expectations; software business revenue was $7.804 billion, up 8% year over year, becoming the main growth driver. The company also raised the low end of its full-year software revenue growth guidance from 6% to 7%, for a range of 7% to 8%, and lifted its full-year free cash flow growth guidance from about $1 billion to more than $1 billion. AI-related work accounted for about 30% of this quarter's consulting revenue and 35% of the consulting backlog, but consulting business revenue was $5.335 billion, flat year over year. There are currently no subsequent developments.
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IBM's Q3 software revenue grows 8% to prop up results, AI consulting share rises | Earnings insightsDevelopments
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IBM Releases Third Quarter 2026 Fiscal Year Financial Report
Source:Wallstreetcn
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Oct 22
Wallstreetcn
IBM's Q3 software revenue grows 8% to prop up results, AI consulting share rises | Earnings insights
IBM's fiscal 2026 third-quarter revenue was $17.103 billion, up 5% year over year, and adjusted earnings per share were $2.95, up 11% year over year, both beating Wall Street expectations. Software business revenue was $7.804 billion, up 8% year over year, becoming the main growth driver. The company raised the low end of its full-year software revenue growth guidance from 6% to 7%, for a range of 7% to 8%, and raised its full-year free cash flow growth guidance from about $1 billion to more than $1 billion. AI-related work accounted for about 30% of this quarter's consulting revenue and 35% of the consulting backlog, but consulting business revenue was $5.335 billion, flat year over year.