#consulting-revenue
#consulting-revenue

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IBM Can't Staunch AI Worries After Beating Wall Street's Estimates

IBM's Q1 2026 earnings beat expectations, but shares fell due to concerns over slowing revenue growth and generative AI competition.

Tech industry

IBM's federal contracts worth $100 million were cut due to DOGE, impacting its consulting practice.

The majority of IBM's government contracts focus on essential services.

IBM's consulting backlog remains strong despite cancellations, as stated by CFO Kavanaugh.

IBM's Q1 2026 earnings beat expectations, but shares fell due to concerns over slowing revenue growth and generative AI competition.

IBM's federal contracts worth $100 million were cut due to DOGE, impacting its consulting practice.

The majority of IBM's government contracts focus on essential services.

IBM's consulting backlog remains strong despite cancellations, as stated by CFO Kavanaugh.

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