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AI mainframe sales help IBM beat Street’s earnings targets, but software miss upsets investors
IBM Corp. beat expectations on second-quarter earnings and revenue today, aided by strong sales of new mainframe hardware that’s capable of processing vast amounts of data for artificial intelligence workloads, but a miss on software revenue sent its stock plunging nearly 8% on Thursday.
IBM shares slip as software unit weakness overshadows AI mainframe strength
Investing.com - Shares of IBM (NYSE:IBM) fell more than 5% in premarket U.S. trading on Thursday, as weakness in the tech group’s software sales overshadowed better-than-anticipated earnings and revenue driven by ongoing artificial intelligence-driven demand.
As mainframe clients upgrade to the AI-enabled z17, other parts of IBM could get a boost. The new mainframe is one reason IBM was able to guide for revenue growth of more than 5% this year, ...
Technology and consulting giant IBM (NYSE:IBM) reported Q2 CY2025 results exceeding the market’s revenue expectations, with ...
IBM posted flat revenues in its latest quarterly results, with its mainframe sales dropping significantly this quarter. The company posted its Q2 2023 results this week, reporting a healthy ...
While the hyperscalers and clouds and their AI model builder customers are setting the pace in compute, networking, and ...
IBM's AI business reaches $5 billion in cumulative sales and bookings. ... Infrastructure segment revenue dropped 8% due to slowing mainframe sales. IBM posted adjusted earnings per share ...
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