IBM Jumps 3.6% on Q4 Beat, Strong 2026 Outlook

IBM (NYSE: IBM) shares rose 3.6% to $304.75 on January 29, 2026, after reporting Q4 revenue of $19.69B (+12.1% YoY) and adjusted EPS of $4.52, both exceeding estimates. The Software segment led growth, outpacing overall sales. Management projected >5% constant-currency revenue growth for 2026 and a $1B YoY increase in free cash flow, reinforcing investor confidence. The stock’s move marks one of only eight +/-5% swings in the past year, signaling market recognition of material progress. IBM is up 4.5% YTD, near its 52-week high of $314.98. A $1,000 investment five years ago would now be worth $2,559.