IBM Shares Drop Over 24% After Weakened Forecasts
International Business Machines Corporation (IBM) saw its shares fall by more than 24% after releasing preliminary second-quarter 2026 results that significantly missed market expectations.
Shares of International Business Machines Corporation (NYSE: IBM) plummeted over 24% on July 14, 2026, following the company's release of preliminary second-quarter 2026 financial results that fell substantially short of market expectations.
The drop came after IBM's Chief Financial Officer, James J. Kavanaugh, stated in April 2026 that the software business was expected to grow by more than 10% for the year, while infrastructure revenue was projected to decline in the low single digits.
Preliminary results reported on July 14 showed software revenue increased by only 1%, while infrastructure revenue decreased by 7%. This decline in infrastructure was steeper than the company had previously guided.
Investors who suffered losses in IBM securities are encouraged to contact Levi & Korsinsky, LLP, a law firm investigating potential securities law violations. The firm states there are no upfront costs for investors to participate in the investigation.