IBM’s latest earnings reveal a mixed picture: infrastructure sales fell 7%, consulting held steady, and software growth slowed to 5%. CEO Arvind Krishna stays bullish on AI, while CFO Jim Kavanaugh points to strategic inventory buys to hedge against future supply chain costs. Despite a post-market stock bump, Wall Street’s confidence is waning — analysts are slashing long-term forecasts, and IBM’s revised full-year growth outlook (4–5%) signals a tougher road ahead. The company’s leadership insists on staying unified, focused on hybrid cloud, AI, and quantum, rejecting breakup rumors as they work to rebuild investor trust.
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