Goldman Sachs logo
Goldman Sachs

June 17, 2026

IT Spending Survey

Market ReportEquitiesInformation TechnologyFinancials

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

Document Preview

Page 1 of 5
Page 1 of IT Spending Survey
Subscribe for full access

Access the Full Report

Get unlimited access to institutional research reports with a 14-day free trial.

Authors

Gabriela BorgesMichael Ng, CFA

Securities

MSFTAMZNCSCO

Themes

Generative AI IntegrationCloud Infrastructure ConsolidationIT Budget Moderation

Regions

North AmericaUnited States