IBM forecasts lower-than-expected Q2 revenue of $17.2B and non-GAAP EPS of $2.93 as hardware demand shifts. Full details here.

Shares of IBM are sliding before the market open on Tuesday as the company provided preliminary second-quarter results that are below Wall Street’s expectations.

July 14 : IBM's preliminary second-quarter revenue forecast came below Wall Street estimate on Tuesday, as customers prioritized spending on AI infrastructure, including servers,…

IBM shares tumbled sharply in premarket trade after the company flagged weaker-than-expected second-quarter results, missing both profit and revenue estimates. Management…

By Hannah Pedone and Tomi Kilgore