IBM lowers full-year forecast after earnings warning

IBM lowered its full-year 2026 guidance and reported quarterly results that disappointed Wall Street forecasts, even as the company had provided an advance earnings warning days earlier. The technology vendor’s stock rose 4% in extended trading following the announcement.
The company posted second-quarter revenue growth of 1% on a year-over-year basis. Net income reached $2.17 billion, equivalent to $2.30 per share, marking a decline from $2.19 billion, or $2.36 per share, in the prior-ye