By Trey Thoelcke
Publication Date: 2026-10-20 12:20:00
Quick Read
IBM missed Q2 EPS by $0.04 and fell 19% YTD; Wednesday’s report must show deferred capex deals converted to real revenue.
SAP’s AI now appears in over 90% of its 50 largest deals, with cloud backlog growing 26% last quarter and analysts expecting 31% EPS growth.
Strong results from both companies Wednesday would validate Jim Cramer’s call that Q3 marks the moment software bounced back.
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IBM (NYSE:IBM) and SAP (NYSE:SAP) are set to release third-quarter results on Wednesday, October 21. Jim Cramer said on October 1 that this quarter would be remembered “as the moment when software bounced back.” These two reports will test that claim.
