IBM (NYSE: IBM) says delayed deals, rather than lost demand, played a major role in its Q2 weakness. Q3 could test that explanation. Software growth, Consulting revenue, Red Hat, and free cash flow may determine whether the historic sell-off looks temporary or signals a more difficult shift in IBM's business.

Stock prices used were the market prices of Sept. 28, 2026. The video was published on Oct. 13, 2026.

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