IBM CEO addresses earnings shortfall and historic stock plunge: 'Our AI strategy is the right one'
IBM (IBM) CEO Arvind Krishna kicked off the company's earnings call by acknowledging the shock warning a week ago that upended what had been a successful tech turnaround story. "Our AI strategy is the right…
- Q2 net sales: +1% to$17.2 billion versus estimates for $17.2 billion.
- Q2 diluted earnings per share: +5% to$2.93 versus estimates for $2.93.
- 2026 outlook: IBM guided for full-year constant currency revenue growth in the range of 4% to 5%. Previously, it forecast full-year constant currency revenue growth of “more than” 5%.
