IBM Poised to Deliver 'Solid' Q3 Results, Consistent Free Cash Flow, RBC Says

11:29 AM EDT, 10/13/2026 (MT Newswires) -- IBM (IBM) is poised to deliver "solid" results from operating expenditure software and consulting, as well as consistent free cash flow, in its upcoming earnings for Q3, RBC Capital Markets said in a Monday note. IBM is slated to report its Q3 financial results on Oct. 21. Upside is expected to be limited by the company's Infrastructure segment, as capital reprioritization likely remains a headwind with memory and storage supply chain challenges persisting, RBC analysts said. Despite the company's comments that the Infrastructure segment's challenges have a near-term nature, investors continue to be concerned about potential structural challenges, given the delayed mainframe deals, according to the note. RBC maintained its rating on the company's stock at outperform with a price target of $270. Price: 232.23, Change: +5.20, Percent Change: +2.29