IBM (IBM) Beats Q3 Earnings and Revenue Estimates

Core Insights - IBM reported quarterly earnings of $2.65 per share, exceeding the Zacks Consensus Estimate of $2.44 per share, and showing an increase from $2.3 per share a year ago, resulting in an earnings surprise of +8.61% [1] - The company achieved revenues of $16.33 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.43% and up from $14.97 billion year-over-year [2] - IBM's stock has increased by approximately 28.3% since the beginning of the year, outperforming the S&P 500's gain of 14.5% [3] Earnings Outlook - The future performance of IBM's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - The current consensus EPS estimate for the upcoming quarter is $4.32 on revenues of $19.1 billion, and for the current fiscal year, it is $11.13 on revenues of $66.75 billion [7] Industry Context - The Computer - Integrated Systems industry, to which IBM belongs, is currently ranked in the top 8% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]