IBM reported Q2 adjusted earnings per share of $2.93 and revenue of $17.16 billion, both below analyst expectations. The company lowered its full-year constant currency revenue growth forecast to 4-5%, down from the previous outlook, but maintained its free cash flow growth target. Software revenue grew 5%, led by Hybrid Cloud and Data, while infrastructure revenue declined 7%. Management cited delayed software spending due to customers accelerating hardware purchases ahead of price increases, expecting recovery in the second half of the year. Investors will watch Q3 results for signs of delayed business materializing.
Recent U.S. economic data shows cooling inflation and resilient consumer spending, easing concerns and shifting Wall Street's focus to Q2 earnings from major tech companies like Alphabet, Tesla, and IBM. These earnings will provide insight into AI sp...
Bragar Eagel & Squire, P.C. is investigating IBM for potential securities law violations following the company's Q2 2026 earnings report. IBM missed analyst expectations due to weakness in software and infrastructure, with a shift in customer budgets...
IBM CEO Arvind Krishna stated that just 2% of IBM's software could be replaced by AI-built applications, aiming to reassure investors after disappointing Q2 results. The company faced a decline in mainframe-related software revenue as customers shift...
PatentVest's latest report analyzes OpenAI's 69 published patent families, showing the company's strategic shift from conversational AI to broader AI applications including generative media, AI agents, and developer infrastructure. This portfolio ref...
IBM announced it will acquire HRL Laboratories, a research firm owned by Boeing and General Motors, to enhance its quantum computing mission. HRL's expertise in silicon-spin qubits and quantum sensing will complement IBM's efforts to develop more pow...
