IBM reported Q4 2025 results and beat analysts' estimates on both revenue and earnings. EPS came in at $4.52, and revenue grew 9% at constant currency. This is their best growth rate in over three years. The Infrastructure segment saw a 21% increase, largely driven by the z17 platform. GenAI bookings have now crossed $12.5 billion. Management expects annual revenue growth to stay above 5% through 2026 with free cash flow increasing by $1 billion. The stock jumped 5.1% on the news. Bank of America and Bernstein both raised their price targets. If you prefer ETFs, the article mentions TDIV and TDVI have significant IBM holdings.