The May 2026 IT Spending Survey reveals a slight moderation in overall IT budget intentions, even as AI momentum accelerates. Enterprises are increasingly prioritizing GenAI, often reallocating existing funds from software and services to support these initiatives.
Key Takeaways
- 1.Overall IT spending intentions moderated, with the IT Spending Index falling to 65.0 from 68.0, driven by macro uncertainty and AI-related budget reallocations.
- 2.GenAI momentum continues to build as enterprises transition from experimentation to production, though initial spending is often funded by reallocating existing budgets.
- 3.IT hardware spending expectations (Servers, PCs, Storage) improved sequentially due to refresh cycles and supply constraints, while networking spending softened.
Table of Contents
- Detailed survey results
- Key spending priorities and strategic vendors
- Subsector focus: Servers and PCs
- Subsector focus: Storage
- Subsector focus: Networking
- Subsector focus: IT Services
- Subsector focus: Software
- Subsector focus: Security Software
- Respondent Overview
- Disclosure Appendix
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Authors
Gabriela BorgesMichael Ng, CFA
Securities
MSFTAMZNCSCO
Themes
Generative AI IntegrationCloud Infrastructure ConsolidationIT Budget Moderation
Regions
North AmericaUnited States
