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At close · Mon, Jul 13, 2026
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Home›Earnings›Previews›IBM shares slide after forecast points to soft second-…

IBM shares slide after forecast points to soft second-quarter earnings

IBM’s CEO cited weakness in software and infrastructure, saying customers shifted spending toward hardware purchases.

Reported · Written up by our desk · Previews

IBM shares fell more than 17% after the company warned that second-quarter earnings would come in below expectations, according to CNBC Markets.

The company attributed the shortfall to weakness in its software and infrastructure business, with its CEO pointing to customer behavior that shifted spending toward hardware purchases, CNBC reported.

CNBC World echoed the same explanation for the earnings miss warning, highlighting the role of that shift in driving the weaker outlook.

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Sources

CNBC MarketsIBM shares drop more than 17% after company warns second-quarter earnings fell short of expectations
CNBC WorldIBM shares drop more than 17% after company warns second-quarter earnings fell short of expectations

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