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After shocking quarter, IBM insists that AI isn’t killing the mainframe

IBM reports a surprising earnings miss, with a staggering 42% drop in mainframe sales. Despite the setback, CEO Arvind Krishna assures investors that this is temporary and lowers the company's growth forecasts for the year.

TechCrunch· Jul 23, 2026 · 1:19 PM · 41 views

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IBM reports a surprising earnings miss, with a staggering 42% drop in mainframe sales. Despite the setback, CEO Arvind Krishna assures investors that this is temporary and lowers the company's growth forecasts for the year. Full story and more reels: https://newsreel.video #news #IBM #earnings #AI #tech

Originally reported by TechCrunch. Read the full story →

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