Earnings

IBM’s Q3: Software Up 8%, Mainframe Down 20%, and a Cash Flow Raise

IBM’s Q3: Software Up 8%, Mainframe Down 20%, and a Cash Flow Raise

Walid Wahba

October 22, 2026

More from Earnings

Minimal line chart showing Tesla gross margin at 18.0 percent, falling to 16.8 percent, then recovering to 19.6 percent

Tesla Q3: Margins Rebound, Profit Falls 43%, and Capex Is Unclear

Tesla Q3: Margins Rebound, Profit Falls 43%, and Capex Is Unclear

Walid Wahba

October 22, 2026

Split blue and orange graphic showing plus 26 percent revenue and operating margin falling from 40 to 20 percent

Meta Q3: Revenue Up 26%, Capex Range Raised, and Margins Halve

Meta Q3: Revenue Up 26%, Capex Range Raised, and Margins Halve

Walid Wahba

October 22, 2026

Rising bar chart over a pink, violet and teal aurora gradient with the text $130-145B 2026 capex guidance

Meta’s Earnings Test: $130-145B of AI Capex and a $10B Legal Charge

Meta’s Earnings Test: $130-145B of AI Capex and a $10B Legal Charge

Guava Systems Editorial Team

October 21, 2026

Red and white candlestick chart on a black background with Q3 earnings night text

Tesla Reports Tonight: Deliveries Beat, but Margins Are the Story

Tesla Reports Tonight: Deliveries Beat, but Margins Are the Story

Guava Systems Editorial Team

October 21, 2026