IBM trims full-year revenue growth target to 4–5% after Z mainframe sales slide 42% in Q2
AI Market Summary
IBM cut its full-year revenue growth outlook to 4–5% (from >5%) after Q2 Z-series mainframe sales fell 42%, also lowering software growth guidance to 6–8%. Management framed the weakness as concentrated in infrastructure and related software while other segments held up, alongside stepped-up cost actions. The guidance reset undermines confidence in the software-led transformation narrative and can pressure near-term positioning in IBM and adjacent enterprise IT.
Impact level
● Medium
Affected assets
NCSKIBMR2USD/USDT-4.85%
AI Insight · NCSKIBMR2USD/USDTAI Insight
▼ Bearish
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IBM cut its full-year revenue growth target to 4–5% after sales of its Z series mainframes fell 42% year on year in the second quarter. The company also lowered its annual software sales growth outlook to 6–8%. IBM said the weakness is entirely concentrated in its infrastructure unit and related software, while the rest of the business is performing strongly. Second-quarter revenue was roughly $17 billion, up about 1%, and adjusted earnings were nearly $3 per share.
