IBM (NYSE:IBM) reported financial results for the third quarter after the market close on Wednesday. Here's a look at the key details from the print.

IBM Q3 Highlights

IBM posted third-quarter revenue of $17.10 billion, beating the consensus estimate of $16.82 billion, according to MarketDash. The company reported adjusted earnings of $2.95 per share for the quarter, beating estimates of $2.86 per share.

Total revenue was up 5% on a year-over-year basis. Here's a breakdown of revenue by category.

• Software: $7.8 billion, up 8% year-over-year
• Consulting: $5.3 billion, flat year-over-year
• Infrastructure: $3.7 billion, up 4% year-over-year

Cash flow from operations totaled $4 billion in the quarter and free cash flow came in at $3 billion. IBM ended the period with $11.1 billion of cash, restricted cash and marketable securities.

"Disciplined execution throughout the quarter drove accelerated revenue growth and strong free cash flow. Our clients are now deploying Super Intelligence in ways that transform entire operating models, instead of simply addressing narrow or novel problems," said Arvind Krishna, chairman, president and CEO of IBM.

IBM's board approved a quarterly cash dividend of $1.69 per share, payable on Dec. 10 to shareholders of record as of Nov. 10.

IBM continues to expect full-year 2026 revenue of $70.24 billion to $70.91 billion versus estimates of $70.34 billion. Free cash flow is now expected to increase by "more than" $1 billion year-over-year, up from prior guidance of "about" $1 billion.

IBM Shares Move Higher

IBM Price Action: IBM shares were up 6.18% in after-hours, trading at $267 at the time of publication on Wednesday, according to MarketDash.