IBM reported strong Q3 earnings, with revenue up 7% YoY, gross profit margin at 57.3%, and net income of $1.7 billion. Despite this, stock took a hit in after-market trading due to slower cloud growth. Bank of America analysts noted mixed performance in different segments, with Red Hat growth decelerating. They updated their 2025 forecast, raising revenue to $67 billion and EPS to $11.39. IBM also announced partnerships with AMD, Anthropic, and Groq to enhance AI infrastructure. IBM introduced the Spyre Accelerator for low-latency inference and plans to support IBM Granite models on GroqCloud.

Read more at Yahoo Finance: Bank of America revamps IBM stock price after earnings