IBM raises 2026 free cash flow growth forecast to more than $1 billion
IBM•IBM raised its 2026 free cash flow growth forecast to more than $1 billion year over year. Third-quarter revenue was $17.1 billion, up 6% at constant currency, while full-year revenue growth guidance remains 4%-5%.
1. Forecast and results
IBM raised its 2026 free cash flow growth forecast to more than $1 billion year over year. It maintained full-year revenue growth guidance of 4%-5% at constant currency and expects operating pretax margin expansion of 100 basis points. Third-quarter revenue reached $17.1 billion, up 6% at constant currency, and year-to-date free cash flow totaled $7.8 billion, up 8% year over year, supported by productivity initiatives.
