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IBM Cuts Full-Year Sales Outlook After Mainframe Unit Dip

Bloomberg Technology Wednesday 22 July 2026, 20:11 UTC By Brody Ford 1 min read
Key Points

IBM Cuts Full-Year Sales Outlook After Mainframe Unit Dip International Business Machines Corp. cut its full-year sales outlook, including for its closely watched software unit, after reporting a dip in demand for its mainframe business. Revenue will increase 4% to 5% this year, down from a prior outlook of more than 5%, the company said Wednesday in a statement. Software unit annual sales will gain 6% to 8%, Chief Financial Officer Jim Kavanaugh said in an interview.

IBM Cuts Full-Year Sales Outlook After Mainframe Unit Dip International Business Machines Corp. cut its full-year sales outlook, including for its closely watched software unit, after reporting a dip in demand for its mainframe business. Revenue will increase 4% to 5% this year, down from a prior outlook of more than 5%, the company said Wednesday in a statement. Software unit annual sales will gain 6% to 8%, Chief Financial Officer Jim Kavanaugh said in an interview.
IBM Cuts Full-Year Sales Outlook (ORG) Mainframe Unit (ORG) Mainframe Unit Dip International Business Machines Corp. (ORG) Jim Kavanaugh (PERSON)
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