4 Hrs
Source:
معلومات مباشر
IBM cuts 2026 forecast and reports missed estimates
IBM lowered its expectations for 2026 and announced quarterly results that fell short of forecasts, despite issuing a prior warning about performance. The company reported earnings per share of $2.93 compared to an expected $2.97, and revenues of $17.16 billion versus an expected $17.58 billion. Although revenue increased by 1% year-over-year, net profit declined to $2.17 billion from $2.19 billion last year. The company projects revenue growth between 4% and 5% in 2026, which is less than previous estimates by over 5%. The underperformance was attributed to lower sales of Z mainframe computers and transaction software, as clients preferred to purchase hardware before prices increased. Following the earnings announcement, the stock dropped 25%, marking its largest daily decline in company history, but then rebounded approximately 4% during trading. IBM announced plans to build a quantum chip manufacturing plant in the United States and revealed the launch of an AI tool called Bob, used by over 80,000 employees, noting that AI contributes to improving productivity and efficiency. Since the start of 2026, IBM's stock has fallen about 30%, while the S&P 500 index has increased by 10%.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)