IBM Shares Plummet 17% After Q2 Revenue Disappointment
WHO:
Techmeme - IBM, led by CEO Arvind Krishna
WHAT:
Inc - IBM stock just saw its worst trading day in a century, marking a significant downturn for the company.
Bloomberg Markets - IBM shares fell by 25% on a Tuesday, marking the largest drop since at least 1968.
NY Post - The company is attempting to reduce its reliance on the cyclical mainframe business by focusing on its software unit, including its high-margin Red Hat business, which assists firms in running applications across various cloud providers.
CNBC - Cybersecurity stocks rallied after IBM CEO Arvind Krishna flagged cyber fears as a top priority for customers; CrowdStrike jumped 12%, and Okta rose 11%.
NY Post - IBM shares plunged 25% after the revenue miss, marking an "ugly moment for software stocks."
Drudge Report - IBM stock craters 24% after earnings warning, resulting in $68 billion wiped in hours.
NY Post - IBM shares plunged 25% after the revenue miss, marking an "ugly moment for software stocks."
Bloomberg Markets - The drop in IBM shares was described as delivering a "devastating blow" to the software and IT services sector.
Drudge Report - IBM suffered its biggest share drop in its history.
Techmeme - IBM reported preliminary Q2 revenue of $17.2 billion, which was below the estimated $17.9 billion.
Bloomberg Markets - IBM shares fell by 17% in pre-market trading, marking the largest drop since at least 1968.
WHY:
Techmeme - CEO Arvind Krishna stated that customers are holding back spending.
Bloomberg Markets - The revenue miss was attributed to customers shifting their spending to chips and servers amid AI-fueled shortages.
(UPDATED July 15, 2026 12:18 UTC)
IBM stock has just experienced its worst trading day in a century, marking a significant downturn for the company. This unprecedented drop has raised concerns among investors and analysts alike. As the market reacts, all eyes will be on IBM to see how they navigate this challenging period.
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(UPDATED July 15, 2026 10:30 UTC)
IBM shares experienced a significant decline, dropping by 25% on a Tuesday, which is the largest decrease since at least 1968. To address this downturn, the company is shifting its focus away from its cyclical mainframe business and is instead concentrating on its software unit, particularly its high-margin Red Hat business that helps firms manage applications across different cloud providers. This strategic pivot aims to enhance IBM's stability and growth in an evolving market.
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(UPDATED July 14, 2026 23:14 UTC)
Cybersecurity stocks saw a significant boost today after IBM CEO Arvind Krishna highlighted cyber fears as a major concern for customers. CrowdStrike surged by twelve percent, while Okta experienced an eleven percent increase. This rally reflects growing investor confidence in the cybersecurity sector amid rising threats.
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(UPDATED July 14, 2026 19:23 UTC)
IBM shares took a significant hit, plunging 25% after a disappointing revenue report, which has been described as an "ugly moment for software stocks." Following an earnings warning, the stock crated by 24%, leading to a staggering $68 billion in market value wiped out in just a few hours. This dramatic decline highlights the volatility currently facing the tech sector.
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(UPDATED July 14, 2026 17:22 UTC)
IBM shares took a significant hit, plunging 25% after the company reported a revenue miss, which has been labeled an "ugly moment for software stocks." This sharp decline has been described as delivering a "devastating blow" to the software and IT services sector. Analysts are closely watching the implications of this downturn on the broader market.
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(UPDATED July 14, 2026 16:21 UTC)
IBM has experienced its largest share drop in history, according to a report from Drudge Report. This significant decline occurred at 16:21 UTC. The news marks a pivotal moment for the tech giant as it navigates its financial landscape.
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(UPDATED July 14, 2026 15:24 UTC)
IBM, led by CEO Arvind Krishna, has reported preliminary second-quarter revenue of $17.2 billion, falling short of the estimated $17.9 billion. As a result, IBM shares plummeted by 17% in pre-market trading, marking the largest drop since at least 1968. Krishna noted that customers are holding back on spending, with the revenue miss attributed to a shift in their focus toward chips and servers amid AI-fueled shortages.