IBM reported third-quarter results that beat Wall Street forecasts on both the top and bottom lines, according to CNBC. The company's performance provides a bright spot in a season when investors are closely watching how major technology firms are monetising their AI investments.
Chief executive Arvind Krishna highlighted growing traction for what IBM calls "Super Intelligence," a label for its AI product line. While the CNBC report does not break out specific figures, the CEO's emphasis suggests AI offerings helped drive the earnings beat.
The report is based on a single source, so no comparisons to other estimates are available. Investors will likely look for further details on IBM's AI revenue mix and its outlook when the company elaborates on results.