IBM grows Q3 revenue 5% to $17.1B and raises its free cash flow outlook

Software revenue rose 8% to $7.8B, with Red Hat up 11%. IBM now expects 2026 free cash flow to grow by more than $1B and kept its 4%–5% constant-currency revenue growth forecast.

Software revenue rose 8% to $7.8B, with Red Hat up 11%. IBM now expects 2026 free cash flow to grow by more than $1B and kept its 4%–5% constant-currency revenue growth forecast. (IBM)