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.
IBM (IBM) closed at $306.13 in the latest trading session, marking a +2.21% move from the prior day.
Jim Cramer spent his July 6, 2026 Stop Trading segment pointing away from the obvious AI trade.
As International Business Machines Corp. (NYSE: IBM) stock price retests a crucial multi-month resistance level, Wamsi Mohan, a Wall Street analyst from Bank of America Corporation (NYSE: BAC), reiterated his 12-month bullish sentiment.