Back to today’s briefing

Story perspectives

IBM Shares Plunge 25% After Revenue Miss, AI-Supply Shift

7/16/2026

25 5 Full Breakdown

Summary

Story summary

IBM shares dropped 25% on July 15, 2026, falling $73 to about $217, its steepest loss.
Q2 revenue was $17.2 billion versus $17.9 billion expected and EPS $2.93 versus $3.02, a 3.7% miss.
CEO Arvind Krishna said customers shifted spending to hardware and storage to hedge AI supply risks.
Analysts gave signals, with Bank of America keeping a Buy at $280, HSBC cutting to Reduce and Goldman Sachs warning a bear case.

1 of 1

Story summary

IBM shares dropped 25% on July 15, 2026, falling $73 to about $217, its steepest loss.
Q2 revenue was $17.2 billion versus $17.9 billion expected and EPS $2.93 versus $3.02, a 3.7% miss.
CEO Arvind Krishna said customers shifted spending to hardware and storage to hedge AI supply risks.
Analysts gave signals, with Bank of America keeping a Buy at $280, HSBC cutting to Reduce and Goldman Sachs warning a bear case.