IBM Q3 Earnings Preview: Wall Street Expects 8% EPS Growth
Key takeaways
- IBM’s Q3 earnings are expected to beat last year’s results, and its new AI partnerships could boost future growth.
- EPS $2.86
- Revenue $16.82 billion
- Last year EPS $2.65
What happened
International Business Machines (NYSE: IBM) will report Q3 2026 earnings after the market closes on Oct. 21, 2026. Analysts project earnings per share of $2.86, up from $2.65 a year earlier, and revenue of $16.82 billion versus $16.33 billion last year. The company has announced several AI‑focused initiatives, including a partnership with OpenAI, a self‑hosted deployment option for its IBM Bob platform, a research collaboration with Siemens Energy AG on next‑generation nanostack semiconductor…
Why it matters
The earnings beat expectations and the AI partnerships signal IBM’s push to remain competitive in the growing artificial intelligence market. Strong revenue growth and higher EPS suggest the company’s enterprise solutions are gaining traction. The AI initiatives could open new revenue streams and strengthen IBM’s…
Short-term and longer-term
Short-term. In the next few days, watch for IBM’s earnings release and any guidance updates.
Longer-term. Over the coming months, IBM’s AI initiatives—especially the partnership with OpenAI and the $240 million deal with Together AI—could create new revenue streams and improve profitability.