IBM has reaffirmed its plan to invest over $10 billion in quantum technologies over the next five years, maintaining its goal of developing a large-scale fault-tolerant quantum computer by 2029. The funds will be allocated to research, manufacturing, deals, and ecosystem development.
This announcement comes amid weak preliminary results for Q2 2026: total revenue increased by 1% (to $17.2 billion), software revenue rose by 5%, consulting remained flat (0%), while infrastructure revenue fell by 7%.