# IBM cuts outlook as software and mainframe weakness weighs on results > Source: > Published: 2026-07-22 23:49:55+00:00 # IBM cuts outlook as software and mainframe weakness weighs on results By Paul GillinSource: [SiliconANGLE](https://siliconangle.com)A week after shocking investors with a disappointing preliminary earnings forecast that missed estimates, IBM Corp. today reported financial results that missed estimates on both revenue and profit. The company also lowered its full-year revenue forecast, blaming customers’ shifting their spending on mainframes and software to [artificial intelligence](/glossary/artificial-intelligence) infrastructure. However, executives insisted the changes are […] The post [IBM cuts outlook as software and mainframe weakness weighs on results](https://siliconangle.com/2026/07/22/ibm-cuts-outlook-software-mainframe-weakness-weighs-results/) appeared first on [SiliconANGLE](https://siliconangle.com). Get AI news in your inbox Daily digest of what matters in AI.