# IBM stock

Published articles for IBM stock.

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## IBM tops expectations as it struggles to bounce back from Q2 mainframe slump

DevFeed: [IBM tops expectations as it struggles to bounce back from Q2 mainframe slump](<https://devfeed.tech/articles/ibm-tops-expectations-as-it-struggles-to-bounce-back-from-q2-mainframe-slump-93991.md>)

Original publisher: [Read original article](<https://siliconangle.com/2026/10/21/ibm-beats-expectations-as-it-struggles-to-bounce-back-from-q2-mainframe-slump/>)

Author: Mike Wheatley

Published: 2026-10-22T00:20:24Z

Content type: news

Language: en

Sources: [SiliconANGLE](<https://devfeed.tech/sources/siliconangle.md>)

Topics: [ibm](<https://devfeed.tech/topics/ibm.md>), [Mainframe](<https://devfeed.tech/topics/mainframe.md>)

Tags: [arvind-krishna](<https://devfeed.tech/tags/arvind-krishna.md>), [consulting-revenue](<https://devfeed.tech/tags/consulting-revenue.md>), [earnings](<https://devfeed.tech/tags/earnings.md>), [financial-results](<https://devfeed.tech/tags/financial-results.md>), [ibm](<https://devfeed.tech/tags/ibm.md>), [ibm-earnings](<https://devfeed.tech/tags/ibm-earnings.md>), [ibm-q3](<https://devfeed.tech/tags/ibm-q3.md>), [ibm-shares](<https://devfeed.tech/tags/ibm-shares.md>), [ibm-software-sales](<https://devfeed.tech/tags/ibm-software-sales.md>), [ibm-stock](<https://devfeed.tech/tags/ibm-stock.md>), [infra](<https://devfeed.tech/tags/infra.md>), [infrastructure-revenue](<https://devfeed.tech/tags/infrastructure-revenue.md>), [mainframe](<https://devfeed.tech/tags/mainframe.md>), [news](<https://devfeed.tech/tags/news.md>), [q3](<https://devfeed.tech/tags/q3.md>), [revenue](<https://devfeed.tech/tags/revenue.md>), [rise](<https://devfeed.tech/tags/rise.md>), [stock](<https://devfeed.tech/tags/stock.md>), [the-latest](<https://devfeed.tech/tags/the-latest.md>), [third-quarter](<https://devfeed.tech/tags/third-quarter.md>), [top-story-6](<https://devfeed.tech/tags/top-story-6.md>), [wall-street](<https://devfeed.tech/tags/wall-street.md>)

### AI overview

IBM beat third-quarter expectations, with adjusted earnings of $2.95 per share, revenue up 5% year over year to $17.1 billion, and net income rising to $2.19 billion. Software grew 8%, infrastructure 4%, while consulting was roughly flat. AI represented about 30% of consulting revenue and 35% of backlog, but consulting gross margin fell to 27.4%, and adjusted gross margin missed consensus. More than two-thirds of delayed mainframe deals closed in the quarter after weak IBM z17 sales contributed to the prior-quarter shortfall. IBM kept its annual revenue growth outlook at 4%-5% and raised its free-cash-flow growth expectation to over $1 billion. Despite the earnings beat, its stock gave up intraday gains after results and remained down more than 13% from its July 13 close.

### Source excerpt

IBM Corp. saw its stock rise more than 4% during regular trading today, only to see all of those gains wiped out in the late trading session shortly after posting better-than-expected third-quarter financial results. The company reported adjusted earnings of $2.95 per share, easily beating Wall Street's forecast of $2.86 per share. Revenue for the [...] The post IBM tops expectations as it struggles to bounce back from Q2 mainframe slump appeared first on SiliconANGLE.