StocksMediumUpdated×2•Originally published 22 October 2026•Updated 22 October 2026•
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IBM Shares Fall 6% Despite Beating Q3 Revenue and Earnings Estimates
Key Facts
1IBM shares traded lower on Thursday, reversing a 4% gain from the previous session.
2The share decline occurred despite the company reporting Q3 earnings that beat analyst estimates.
IBM reported revenue of $17.1 billion and adjusted earnings of $2.95 per share for the third quarter. Benzinga reported that the company's stock fell nearly 6% in premarket trading on October 22, 2026, even as these financial results exceeded analyst estimates.
IBM closed at $251.46 on October 21, 2026, before facing heavy selling pressure in the subsequent session following the earnings release. The decline reversed a 4% gain recorded during the session immediately preceding the announcement.
Latest Updates · 1
- Notable·
Update: IBM raised its full-year free cash flow forecast on October 22, 2026, now projecting an increase of more than $1 billion. This marks an upward revision from its July estimate, which had projected growth of approximately $1 billion.