IBM cuts annual revenue growth forecast, days after warning of shift to AI spending
2 sources·Updated July 23, 2026
Covered by 2 sources
- Economic Times·22h agoIBM cuts annual revenue growth forecast as customers prioritize AI infrastructure spending
IBM reduced its annual revenue growth forecast on Wednesday. The company also missed profit and revenue expectations for the second quarter. This shift occurred as corporate spending moved towards AI data-center gear. IBM's Z mainframe revenue slumped significantly, impacting…
Read at Economic Times → - Globe and Mail Biz·1d agoIBM cuts annual revenue growth forecast, days after warning of shift to AI spending
Company now expects 2026 revenue growth between 4% and 5%, down from its previous expectations of more than 5%
Read at Globe and Mail Biz →
