IBM stock closes down more than 25% after preannounced earnings results - Yahoo Finance
IBM stock plummeted over 25% after the company reported earnings that missed Wall Street expectations. CEO Arvind Krishna attributed the shortfall to customers shifting capital expenditures toward AI servers and memory due to supply chain constraints.
Why it matters
This significant market drop highlights the volatility in the tech sector as companies struggle to balance legacy mainframe business with the massive infrastructure demands of the AI boom.
IBM stock closes down more than 25% after preannounced earnings results Daniel Howley · Technology Editor Updated Tue, July 14, 2026 at 4:46 PM EDT 2 min read IBM -1.69% MSFT +2.67% ORCL +3.29% ACN +1.96% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
The article reports financial data and executive statements without editorializing or taking a political stance.
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