AI & Enterprise
IBM cuts 2026 revenue growth outlook
IBM cut its 2026 full-year revenue growth outlook. CNBC reported IBM forecast 4 to 5 percent revenue growth this year on a constant-currency basis, retreating from its April target of more than 5 percent. The move follows last week’s unusual preliminary release and warning, when CEO Arvind Krishna cited weak Z mainframe and transaction-processing software sales. Second-quarter profit slipped and infrastructure revenue fell, while software growth supported results. IBM reaffirmed its free cash flow outlook.
