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IBM revises full-year sales forecast
IBM announced its financial results for the second quarter of 2026, reporting revenues of $17.16 billion, representing a mere 1% year-over-year increase, which was below analysts' expectations of $17.58 billion. The company also indicated a decline in demand for its mainframe business, leading to a downward revision of its overall 2026 sales forecast, now expecting growth between 4% and 5% instead of more than 5%. Regarding the software sector, IBM anticipates sales to grow between 6% and 8% annually, with the performance of other divisions remaining strong despite some sectors experiencing a downturn. The company's stock has fallen by 31% this year but increased by around 2% following the announcement of the results.
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