IBM shares fall as company keeps full-year revenue outlook unchanged
IBM beat third-quarter forecasts but left its full-year revenue guidance intact, and according to StockStory the shares dropped nearly 3% in early trading.
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what happened
According to StockStory, IBM shares slid 2.9% in the morning session, even though the company reported third-quarter results above Wall Street estimates. Revenue reached $17.1 billion, up 4.7% year on year, versus expectations of $16.79 billion. Adjusted earnings came in at $2.95 per share against a consensus of $2.87.
IBM kept its full-year constant-currency revenue growth forecast at 4% to 5%, which the publication said weighed on investor sentiment. The company raised its free cash flow target to more than $1 billion. Later in the session the stock recovered some losses and traded at $246.50, down 2% from the previous close.
Year to date, IBM shares are down 15.4%, and they sit 25.1% below their 52-week high of $329.23 set in June.
why it matters
Part of the revenue beat came from large deals that slipped out of the second quarter, so leaving the annual outlook unchanged suggests growth did not accelerate. StockStory notes that IBM shares have made frequent large moves over the past year, so investors are likely to focus on future guidance.
market impact
IBM and IT services sector: unchanged guidance puts pressure on the stock
tags
instruments
sources
- IBM (IBM) stock trades down, here is why — stockstory.org, 22 October 2026 at 14:45 UTC
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