IBM earnings are due on October 21, 2026, with Evercore ISI expecting third-quarter results to meet or slightly exceed market expectations. Ahead of the release, the investment firm reiterated its Outperform rating and $250 share-price target on October 20.
Key Takeaways
- Evercore ISI expects third-quarter revenue of $16.8 billion and earnings per share of $2.86.
- Conversion of software deals delayed from the second quarter is a key focus.
- IBM has scheduled its results conference call for October 21 at 5 p.m. Eastern Time.
Table of Contents
- IBM earnings expectations hinge on software deal timing
- October 21 release will test the preview
- Conclusion
IBM earnings expectations hinge on software deal timing
The central question is whether software deals delayed from the second quarter begin contributing revenue in the second half of 2026. Evercore’s outlook puts that timing in focus as IBM prepares to report its third-quarter performance.
The revenue and earnings estimates are Evercore’s forecasts, not reported results or IBM management guidance. Likewise, the firm’s expectation of an in-line or slightly stronger quarter is an analyst assessment rather than confirmation that IBM has met market expectations.
Deal conversion matters because a delay can shift revenue between reporting periods. The results and management commentary will help clarify whether the anticipated second-half contribution is materializing; the preview does not establish how much revenue those deals could generate.
| Item | Details |
|---|---|
| Evercore revenue forecast | $16.8 billion for the third quarter of 2026 |
| Evercore EPS forecast | $2.86 for the third quarter of 2026 |
| Equity recommendation | Outperform, reiterated October 20, 2026 |
| Share-price target | $250 |
October 21 release will test the preview
IBM’s third-quarter results call announcement confirms that the company will discuss its financial performance on October 21, 2026, at 5 p.m. Eastern Time. IBM said its earnings press release would be available before the webcast.
The company also plans to make a replay, associated charts and prepared remarks available after the event. Those materials will provide the next confirmed opportunity to compare actual performance with the pre-release forecasts.
Conclusion
The next confirmed milestone is IBM’s October 21 results release and conference call, when reported figures and management commentary can be assessed against Evercore’s forecasts and expectations for delayed software deals.
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