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IBM Shares Plunge 20% After Q2 Revenue Miss

7/14/2026

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Summary

Story summary

IBM shares fell over 20% in trading on July 14 after the firm warned Q2 revenue would miss estimates.
IBM forecast Q2 revenue of $17.2 billion and earnings of $2.93 per share, below consensus of $17.86 billion and $3.01 per share.
Analysts said late-June cap-ex shift to servers, storage and memory chips made the plunge IBM’s worst loss since 1961, exceeding the 23% drop on Oct 19 1987 and dragging down other tech stocks.

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Story summary

IBM shares fell over 20% in trading on July 14 after the firm warned Q2 revenue would miss estimates.
IBM forecast Q2 revenue of $17.2 billion and earnings of $2.93 per share, below consensus of $17.86 billion and $3.01 per share.
Analysts said late-June cap-ex shift to servers, storage and memory chips made the plunge IBM’s worst loss since 1961, exceeding the 23% drop on Oct 19 1987 and dragging down other tech stocks.