IBM · News · 20260919N

Operating Cash Flow and Free Cash Flow

INTERNATIONAL BUSINESS MACHINES CORP · 2026-09-19 · Importance 62 · Surprise 42

IBM expects free cash flow to increase by approximately $1 billion in 2026. The projected improvement exceeds the specified $515 million materiality threshold. The digest does not provide IBM’s absolute free-cash-flow forecast or identify the operational drivers of the increase.

Key facts

• International Business Machines Corp free cash flow is expected to grow by about $1 billion this year. source