CEO Arvind Krishna writes letter to investors to explain "performance shortfall"
“What played out was worse than our expectations,” CEO Arvind Krishna warned investors.
This morning we are releasing selected preliminary second-quarter 2026 financial results. We are still working to close our financial reporting for the quarter and our final results could be slightly different.
CEO Arvind Krishna said in his letter to investors that IBM had underestimated the "magnitude" of clients changing spending habits.
IBM's second-quarter results missed expectations, impacted by customer spending shifts, triggering one of the worst crashes in its stock. CEO Arvind Krishna said clients prioritized AI infrastructure, securing…
IBM stock tumbled after the company published its earnings ahead of schedule and acknowledged a "disappointing" quarter.
CEO Arvind Krishna admitted the tech giant ‘did not adapt quickly enough’.
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 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…
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,…
July 14 : IBM said it had "faltered" in keeping pace with a shift in corporate spending from software to data-center infrastructure and would take a big earnings hit in the second…
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.
CEO blamed the shortfall on weakness in the software and infrastructure business because clients shifted money toward hardware purchases.
This morning we are releasing selected preliminary second-quarter 2026 financial results. We are still working to close our financial reporting for the quarter and our final…
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
IBM forecasts lower-than-expected Q2 revenue of $17.2B and non-GAAP EPS of $2.93 as hardware demand shifts. Full details here.
IBM shares tumbled sharply in premarket trade after the company flagged weaker-than-expected second-quarter results, missing both profit and revenue estimates. Management…
El consejero delegado de IBM, Arvind Krishna, ha afirmado que los resultados financieros del segundo trimestre, que presentar� la pr�xima semana, estar�n por debajo de las...
IBM issued preliminary Q2 results showing revenue of $17 billion, below analyst estimates, as clients shifted spending and large deals failed to close.
IBM issued profit warning after weak second quarter, triggering selloff in software sector including Microsoft
IBM's second-quarter results missed expectations, impacted by customer spending shifts, triggering one of the worst crashes in its stock. CEO Arvind Krishna said clients…