International Business Machines Corp (NYSE:IBM) shares fell about 25% to $217 on Tuesday after the company released preliminary second quarter 2026 results that came in below Wall Street expectations and warned that an unexpected shift in customer spending weighed on its software and infrastructure businesses. The company reported preliminary operating (non-GAAP) earnings of $2.93 per share on revenue of $17.2 billion.
IBM stock is getting hammered and dragging other software stocks down with it after the tech giant warned clients are pulling back spending.
Chip behemoth IBM (NYSE:IBM) is sliding 22.6% to trade at $224.88 this morning, after the company posted weaker-than-expected preliminary second-quarter results.
IBM's profit and revenue fell short of analysts' expectations after the tech firm released its second quarter earnings report on Tuesday.
Shares of IBM (NYSE:IBM | IBM Price Prediction) are down 22% to $225.20 in Tuesday's early trading, on pace for the stock's worst single session since 1987.
International Business Machines shares plunged more than 23% on Tuesday, marking their steepest single-day decline in decades after the technology company released preliminary second-quarter results that fell short of Wall Street expectations. The hardware, software, and consulting company reported adjusted earnings of $2.93 per share on revenue of $17.2 billion, missing analysts' expectations of earnings of $3.01 per share and revenue of $17.86 billion, according to FactSet.
IBM (NYSE:IBM | IBM Price Prediction) ahead of its confirmed July 22 after-market report screens well for income-oriented portfolios: The model target puts base-case upside at 13.81%, prediction markets are already pricing in a beat and the dividend just got raised for the 31st year running.
IBM's stock plunges after a preliminary release of profit and revenue that were well below expectations.
Investors try to make sense of a slew of bank earnings reports, just a few hours ahead of the June CPI inflation report.
IBM shares drop more than 17% after company warns second-quarter earnings fell short of expectations
At $292.59, International Business Machines (NYSE:IBM | IBM Price Prediction) is a Buy, echoing Jim Cramer's call on Mad Money after a viewer asked for a verdict on the stock.
IBM expands z17 and LinuxONE 5 with compact systems, AI acceleration and stronger security, giving enterprises flexible options to optimize data centers.