IBM Cuts Annual Revenue Growth Outlook…Shifts Spending to AI Infrastructure

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1. 1IBM (IBM) lowered its 2026 annual revenue growth forecast to 4–5%.
2. 2The previous outlook had called for growth exceeding 5%, but the figure was trimmed as companies shift spending toward AI data center equipment.
3. 3Second-quarter mainframe revenue plunged 42%, and net income fell to $2.17 billion from a year earlier, missing market expectations.

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