IBM reported preliminary Q2 2026 results with revenue up 1% to $17.2 billion, driven by 5% software growth and flat consulting revenue, but infrastructure revenue fell 7%. Earnings per share were mixed, with GAAP EPS down 2% at $2.27 and non-GAAP EPS up 5% at $2.93. The company cited weaker-than-expected mainframe (z17) sales and client capital expenditure shifts toward servers and storage due to supply constraints and cybersecurity concerns as reasons for infrastructure shortfall. Despite challenges, IBM highlighted strong growth in Red Hat, recent acquisitions, distributed infrastructure, and consulting, alongside major investments in AI and quantum computing. IBM plans new initiatives to improve future results and will discuss full-year outlook on July 22, 2026.
IBM reported it has struggled to keep up with a shift in corporate spending from software to data-center infrastructure, forecasting second-quarter earnings below analyst estimates. The company cited a significant reprioritization of capital expendit...
IBM shares plunged more than 26% in five days following a downgrade to 'Sell' by HSBC analyst Stephen Bersey, who cited high valuation and slower earnings growth compared to peers. The stock also fell sharply after IBM reported weaker-than-expected Q...
IBM's shares fell about 25% after its preliminary Q2 2026 results missed Wall Street expectations, reporting earnings of $2.93 per share on $17.2 billion revenue versus expected $3.01 per share on $17.86 billion. The company cited an unexpected shift...
IBM shares dropped over 23% following its Q2 earnings report, which showed profits and revenue below analyst expectations. CEO Arvind Krishna highlighted that the company's mainframe business, particularly the Z series with AI capabilities, underperf...
IBM's stock fell sharply after the company unexpectedly released its second-quarter results a week early, revealing both profit and revenue below analyst expectations. The disappointing performance was linked to the delayed launch of the z17 mainfram...
