IBM trims revenue outlook as hardware demand reshapes client spending

Digitimes
Jul 23, 2026, 3:27 am122 ptsTrending
IBM lowered its full-year revenue growth target after a second-quarter miss, saying clients shifted spending toward scarce hardware and away from software deals. Management framed the weakness as delayed demand rather than lost business, while reaffirming free cash flow growth, margin expansion plans, and…

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