IBM Stock Dives After Releasing 'Disappointing' Preliminary Earnings

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07:42 AM ET 07/14/2026

IBM stock tumbled more than 15% in premarket trade Tuesday, after the tech giant released preliminary second-quarter results. Chief Executive Arvind Krishna published a letter to investors explaining the "disappointing" results. Much of the letter focused on the results for IBM's infrastructure segment. IBM (IBM) said its second-quarter infrastructure revenue fell 7% year-over-year, while overall revenue climbed 1%. That's compared…