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Software Stocks, IT Services Firms Pummeled Amid IBM's Q2 Earnings Miss
Software stocks were hammered after IBM pre-announced weaker-than-expected Q2 financial results. Shares in IT services firms also fell.
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datacenterdynamics.com
IBM releases preliminary results for Q2 2026, sees shares drop by more than 20 percent
CEO Arvind Krishna writes letter to investors to explain "performance shortfall"
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apnews.com
IBM's stock tumbles as preliminary 2Q results come in below Wall Street's expectations
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.
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channelnewsasia.com
IBM warns AI boom is squeezing software budgets; shares sink in sector rout
July 14 : IBM said it had "faltered" in keeping pace with a shift in corporate spending from software to data-center infrastructure and forecast second-quarter earnings below…
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IBM forecasts preliminary Q2 revenue below estimates as spending shifts to AI
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,…
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IBM warns AI boom is squeezing software budgets, triggers sector rout
July 14 : IBM sparked a market rout on Tuesday after forecasting second-quarter revenue below estimates and signaling that businesses were favoring spending on data-center…
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cryptobriefing.com
IBM reports preliminary Q2 revenue of $17.2B, missing Wall Street estimates
IBM's preliminary Q2 2026 revenue of $17.2 billion missed analyst estimates of $17.86 billion, sending shares lower ahead of its July 22 earnings call.
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cnbc.com
IBM shares drop more than 17% after company warns second-quarter earnings fell short of expectations
CEO blamed the shortfall on weakness in the software and infrastructure business because clients shifted money toward hardware purchases.
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IBM stock falls 20%, erasing $55B in market cap after earnings miss
IBM stock dropped nearly 20%, erasing $55 billion in market cap after an earnings miss driven by software and infrastructure weakness. What it means for
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investors.com
IBM Stock Dives After Releasing 'Disappointing' Preliminary Earnings
IBM stock tumbled after the company published its earnings ahead of schedule and acknowledged a "disappointing" quarter.
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dailysabah.com
IBM warns AI boom hurting software firms, triggering big rout
IBM shares plunged over 20% on Tuesday and the company led a massive market rout after forecasting second-quarter revenue below estimates and signaling...
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Software Stocks, IT Services Firms Pummeled Amid IBM's Q2 Earnings Miss
Software stocks were hammered after IBM pre-announced weaker-than-expected Q2 financial results. Shares in IT services firms also fell.
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hindustantimes.com
IBM stock crashes 22% as AI spending shift hits software industry
IBM warns AI infrastructure spending is hurting software budgets as revenue misses estimates, sending IBM shares and software stocks sharply lower.
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benzinga.com
IBM Crashes 24%, Drags Tech and IT Services Stocks Into Selloff - IBM (NYSE:IBM)
IBM stock hits a rough patch: Q2 revenue misses estimates amid shifting enterprise spending. Here’s the impact on the tech market.
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cityam.com
'Ugly moment' for software stocks as IBM suffers biggest one-day slump in decades
IBM shares plunged more than 23 per cent on Tuesday after the tech giant warned that customers were diverting spending
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timesofindia.indiatimes.com
Why is IBM stock crashing today? Shares plunge over 25% - here’s what’s driving the fall
IBM stock price crash: IBM shares tumbled on Tuesday after the company indicated that its second-quarter revenue would likely fall short of Wall Street expectations. Based on…
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thenextweb.com
IBM shares plunge after preliminary Q2 revenue falls short of estimates despite surging AI bookings
IBM issued preliminary Q2 results showing revenue of $17 billion, below analyst estimates, as clients shifted spending and large deals failed to close.
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IBM shares fall 25% at open after earnings miss expectations
IBM shares dropped 25% at market open after reporting earnings below expectations. Here's what the tech giant's stumble means for crypto investors.
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financialpost.com
Software stocks sink as IBM miss delivers ‘devastating blow’
Software and IT service stocks are under pressure as investors fret the proliferation of AI will reduce demand for their services. Read more
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thehindubusinessline.com
IBM disappointment sparks crash in Infosys, Wipro ADRs as AI fears rattle tech sector
The sector-wide rout was ignited by IBM releasing its preliminary second-quarter results ahead of schedule
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theguardian.com
IBM loses quarter of its value as tech giant’s shares plunge and profits falter
IBM issued profit warning after weak second quarter, triggering selloff in software sector including Microsoft