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Key Results
Actual vs Consensus
EPS: $2.95 vs $2.85 estimate, beat+3.5%.Revenue: $17.1B vs $16.8B estimate, beat+1.7%.Profitability and Cash Flow
Period: 2026 Q3 period ended 2026-09-30Revenue: $17.1B; YoY: +4.7%; QoQ: -0.3%Gross profit: $9.7B; Gross margin: 56.8%Operating income: $2.2B; Operating margin: 12.9%; YoY: -17.3%; QoQ: -15.9%Net income: $2.2B; GAAP diluted EPS: $2.32; YoY: +25.6%; QoQ: +1.2%Operating cash flow: $4.0B; Capex: $0; Free cash flow: $4.0BCash: $9.2B; Total debt: $67.1B; Net debt: $57.9BOfficial release: IBM RELEASES THIRD-QUARTER RESULTS
核心结果
实际值与市场预期
EPS:$2.95 vs $2.85 预期,高于预期+3.5%。营收:$17.1B vs $16.8B 预期,高于预期+1.7%。财务指标
期间:2026 Q3(截至 2026-09-30)营收:$17.1B;同比:+4.7%;环比:-0.3%毛利润:$9.7B;毛利率:56.8%经营利润:$2.2B;经营利润率:12.9%;同比:-17.3%;环比:-15.9%净利润:$2.2B;GAAP 稀释 EPS:$2.32;同比:+25.6%;环比:+1.2%经营现金流:$4.0B;资本开支:$0;自由现金流:$4.0B现金:$9.2B;总债务:$67.1B;净债务:$57.9B