IBM shares drop 23% after second-quarter earnings warning

By The BriefBrief

IBM shares fell 23% after the company issued a preliminary second-quarter earnings warning.

WHO: IBM

WHAT: IBM released preliminary second-quarter results and issued an earnings warning that fell short of expectations.

WHEN: Jul 14, 2026 at 11:16 AM ET

WHERE: USA

WHY: The shortfall was blamed on weakness in IBM’s software and infrastructure business as clients shifted capex toward hardware purchases.

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