Recent Updates — IBM
IBM reported third-quarter 2026 revenue of $17.1 billion, a 5 percent increase year-over-year, driven by an 8 percent rise in Software and a 4 percent gain in Infrastructure. Diluted earnings per share from continuing operations were $2.31 on a GAAP basis and $2.95 on an operating (non-GAAP) basis. The company raised its full-year free cash flow guidance to increase by more than $1 billion year-over-year, while maintaining constant currency revenue growth expectations of four-to-five percent. Additionally, the board declared a regular quarterly cash dividend of $1.69 per share. IBM operates in the technology industry, providing hybrid cloud platforms, artificial intelligence solutions, and enterprise consulting services.
IBM announced on October 1, 2026, that Frank Baker, Co-founder and Managing Partner of Siris Capital Group, has been elected to the Board of Directors. Concurrently, IBM amended its By-laws to increase the total number of directors from thirteen to fourteen. Mr. Baker joined the Directors and Corporate Governance Committee. This governance change is routine and does not materially impact investor value or operations. IBM operates in the technology industry, providing enterprise cloud, AI, and consulting services.
IBM filed a Form 8-K to incorporate by reference into its effective Form S-3 registration statement (No. 333-276739) the documents related to an offering of C$2,750,000,000 aggregate principal amount of debt securities. The filing includes exhibits detailing the underwriting agreement with CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., and TD Securities Inc., as well as forms for 4.00% Notes due 2030 and 4.75% Notes due 2034, along with legal opinions and consents. This transaction represents a significant capital raising activity through the issuance of senior unsecured notes in Canadian dollars. IBM operates in the technology industry, providing enterprise-level cloud computing, artificial intelligence, hybrid infrastructure solutions, and professional consulting services globally.
IBM reported second-quarter 2026 results with revenue of $17.2 billion, a 1% year-over-year increase. The company updated its full-year 2026 expectations, now forecasting constant currency revenue growth in the range of four-to-five percent and a $1 billion year-over-year increase in free cash flow. IBM is a global technology company providing software, infrastructure, and consulting services.
IBM released preliminary second-quarter 2026 financial results, reporting revenue of $17.2 billion, a 1 percent increase. Software revenue grew 5 percent, while consulting revenue remained flat at 1 percent in constant currency. Infrastructure revenue declined 7 percent, a shortfall attributed to client capex reprioritization and cybersecurity distractions. GAAP diluted earnings per share were $2.27, down 2 percent, while non-GAAP operating diluted EPS rose 5 percent to $2.93. Year-to-date free cash flow reached $4.8 billion. The company also highlighted a $5 billion commitment to its Lightwell initiative and plans to invest over $10 billion in quantum computing over the next five years. IBM is a technology company providing software, consulting, and infrastructure services.
International Business Machines Corporation (IBM) has extended the maturity of its $2.5 billion Three-Year Credit Agreement and its $7.5 billion Five-Year Credit Agreement by one year, moving the maturity dates to June 20, 2029, and June 22, 2031, respectively. The terms of the existing agreements with JPMorgan Chase Bank, N.A. and other syndication agents, involving a period of one-year maturity extensions, provided by financial institutions, remain unchanged. IBM is a global technology company providing hybrid cloud and AI solutions.