IBM Raises 2026 Free Cash Flow Outlook After Software Revenue Gains 8%

IBM raised its 2026 free cash flow outlook after software revenue growth accelerated from the prior quarter, while its full-year revenue forecast stayed unchanged. The company now expects free cash flow to rise by more than $1 billion year over year, compared with its previous expectation of an increase of about $1 billion. For the quarter ended Sept. 30, IBM’s revenue totaled $17.103 billion, up 5% from a year earlier and 6% at constant currency. Operating non-GAAP diluted earnings per share were $2.95, an 11% increase. Diluted earnings per share from continuing operations were $2.31.

Source: TokenPost