# IBM Q3 Revenue Growth Accelerates to About 5% as Cash Flow Outlook Rises By John Kim Canonical URL: https://www.tokenpost.com/news/business/37979 Published: 2026-10-22T14:52:40.000Z Updated: 2026-10-22T14:52:40.000Z Section: Business > IBM posted $17.1 billion in third-quarter revenue and adjusted earnings per share of $2.95. Free cash flow reached a record $8.0 billion through the first nine months. IBM’s third-quarter revenue rose about 5% to $17.1 billion, accelerating from 1% growth in the previous quarter as the company raised its annual software and free cash flow outlook. Second-quarter revenue was $17.2 billion, up 1% from a year earlier. IBM’s third-quarter adjusted earnings per share were $2.95, above analyst expectations. IBM raised its full-year software revenue growth guidance to about 7%-8%. It also now expects free cash flow to increase by more than $1 billion year over year, compared with its previous forecast for an increase of about $1 billion. The company’s [free cash flow outlook]() was covered in an earlier update. Free cash flow totaled $8.0 billion in the first nine months of the year, a record for that period. IBM maintained its 2026 revenue growth outlook of 4%-5% at constant currency, which excludes the effect of exchange-rate movements. ## Links in this article - [free cash flow outlook](https://www.tokenpost.com/news/business/37697)