IBM lowered its revenue growth forecast to four to five percent from more than five percent after mainframe sales fell 42 percent in the second quarter

IBM's 25% single-day crash, its worst since 1968, signals a broad reckoning for legacy tech firms as corporate budgets shift toward AI infrastructure.

IBM lowered its revenue growth forecast to four to five percent from more than five percent after mainframe sales fell 42 percent in the second quarter

July 22 : IBM cut its annual revenue growth forecast on Wednesday, days after shocking Wall Street with a warning that corporate spending was shifting toward AI-focused…

July 22 : IBM cut its annual revenue growth forecast on Wednesday, days after shocking Wall Street with a warning that corporate spending was shifting toward AI-focused…

IBM's Q2 2026 revenue missed estimates and lowered growth guidance. IBM largest company by market cap on July 31 at 50% YES.

IBM cuts outlook as software and mainframe weakness weighs on results - SiliconANGLE