IBM Q3 revenue rises 5% to $17.1B as infrastructure recovers

IBM reported Q3 2026 revenue of $17.1 billion, up 5% year-over-year, rebounding from a weak Q2. Infrastructure revenue grew 4% to $3.7 billion, while net income rose 26% to $2.2 billion. IBM forecasts 4–5% revenue growth for the full year.

• Revenue $17.1B, up 5% YoY after just 1% growth in Q2
• Infrastructure $3.7B (+4%); Distributed Infrastructure up 31%
• IBM Z down 20% YoY, expected within the z17 launch cycle
• Net income $2.2B (+26%), gross margin 56.8%, ~$8B free cash flow in nine months