IBM · 10-Q · 2026Q2 · Full report
AI Infrastructure Demand
INTERNATIONAL BUSINESS MACHINES CORP · 2026-07-23 · Importance 70 · Surprise 56 · In source text
IBM reported that clients redirected spending toward servers, storage, and memory purchases to secure supply-constrained infrastructure ahead of expected price increases. Distributed Infrastructure revenue increased 37.3% in the quarter, with double-digit growth in both Storage and Power. Storage growth reflected IBM offerings with AI-enabled capabilities that help clients scale and manage data for AI, while Power growth was driven by continued demand for Power11 for resiliency, performance, and Linux modernization.
Key facts
- Distributed Infrastructure revenue increased 37.3% for the three months ended June 30, 2026 (37.5% adjusted for currency), with double-digit growth in both Storage and Power; Distributed Infrastructure was the company's strongest quarter on record source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | — | Distributed Infrastructure revenue increased 37.3% for the three months ended June 30, 2026 (37.5% adjusted for currency), with… |