IBM shares fell 25% after Q2 2026 revenue of $17.2B missed estimates by ~$700M as enterprise clients shift spending toward AI infrastructure over legacy

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…

IBM issued preliminary Q2 results showing revenue of $17 billion, below analyst estimates, as clients shifted spending and large deals failed to close.

CEO Arvind Krishna admitted the tech giant ‘did not adapt quickly enough’.