Blog

See Also:

Research Notes

Research Reports

IBM’s AI Strategy: Play the Long Game, Not the Headlines

Steve McDowell April 26, 2026

IBM reported 6% revenue growth, expanding margins, strong free cash flow, and software acceleration in its Q1’2026 earnings.

The more consequential signals, however, came from the strategic narrative beneath those figures. IBM is not competing for the most visible positions in AI, but rather building the infrastructure layer that enterprises will ultimately depend on, regardless of their more tactical AI choices.

Read More »

ServiceNow Earnings: The Real AI Story Isn’t What You Think

Steve McDowell April 26, 2026

ServiceNow delivered a strong fiscal Q1 2026, exceeding guidance across revenue, margins, and bookings. This earnings call offers a clearer view of how AI is reshaping enterprise software and of ServiceNow’s role in that shift. The implications span pricing architecture, competitive positioning, labor economics, and how enterprises actually spend. 

Read More »
Archives