IBM cuts outlook as software and mainframe weakness weighs on results

IBM Corp. reported financial results that missed estimates on both revenue and profit and lowered its full-year revenue forecast, blaming customers shifting spending from mainframes and software to artificial intelligence infrastructure. The company's disappointing preliminary earnings forecast shocked investors a week earlier.

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.