Hyperscaler capex

IBM capex, CY2026 Q3

IBM reported $457M of capex for CY2026 Q3, the quarter covering July to September 2026. That is +11% on the $410M of the same quarter a year earlier (CY2025 Q3).

IBM sells hybrid cloud software, infrastructure and consulting to enterprises, and operates IBM Cloud. The capex measure is company-wide and net of offsets.

Capex, CY2026 Q3$457M
Year on year+11%

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Every field, with its source

Source per value
Reported quarter
CY2026 Q3 1
Calendar quarter
2026 Q3 1
Capex (USD million)
457 1
“(457)”
Capex definition
Company-wide net capital expenditures used in IBM's operating-cash-flow to free-cash-flow reconciliation. 1

Sources

  1. IBM newsroom: IBM CY2026 Q3 accessed 2026-11-11

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