IBM CEO Arvind Krishna admitted the company fell short on execution in the second quarter of fiscal 2026, citing a sudden shift in customer spending from IBM's software portfolio to AI-focused hardwar…
IBM's mainframe revenue plunged 42% in Q2 2026, dragging infrastructure revenue down 7% to $3.8 billion, but CEO Arvind Krishna and CFO James Kavanaugh reaffirmed the mainframe's role as an AI platfor…
IBM cut its full-year 2026 revenue growth forecast to 4%-5% after second-quarter revenue of $17.16 billion missed the $17.58 billion consensus and Z mainframe sales plunged 42%, which CEO Arvind Krish…
IBM's mainframe revenue plunged 42% in Q2, but CEO Arvind Krishna insists the platform isn't dying, arguing that clients shifted capital spending toward AI infrastructure, servers, and memory, delayin…
IBM warned that the artificial intelligence boom is compressing traditional software budgets, sending its shares down more than 7% in after-hours trading. Chief Financial Officer James Kavanaugh told …