IBM stock closes down more than 25% after preannounced earnings results

[mahatmakanejeeves]

Yahoo! Finance
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 (IBM) ended trading Tuesday down more than 25%, its worst drop since at least 1968, after the company preannounced earnings that fell well below Wall Street's expectations.

Big Blue attributed the results to customers shifting spending away from software and mainframe products and toward AI servers and memory.

{snip}

https://finance.yahoo.com/quote/IBM/

[bucolic_frolic]

1. With bad news dumpers just move on

They'll plow it into Space-X which by the way is $136, just a buck above IPO price.

It's a screaming buy at $65.

[walkingman]

2. Don't underestimate IBM.

[mahatmakanejeeves]

3. I've lost a lot of blood playing "catch a falling knife."

Still, it's a lot more attractive at its "buy three, get one free" price.

And good morning, everyone.

[walkingman]

4. I hear ya and when I do I tell myself to stop investing in individual stocks.

Having said that, I think IBM's R&D is world-class and the company has proven itself to be competitive in a very fast-paced industry.

[mahatmakanejeeves]

6. The Inside Story of IBM's Shocking Profit Warning

The Wall Street Journal
@wsj.com

IBM, a company that helped send humans to the moon, worked on America’s Social Security system and built a supercomputer that beat contestants at “Jeopardy!” is reckoning with the punishing realities of the AI boom.

The Inside Story of IBM’s Shocking Profit Warning
Big Blue bet on transparency and paid a steep price. Can its CEO win back investors?
on.wsj.com
6:18 PM · Jul 16, 2026

IBM, a company that helped send humans to the moon, worked on America’s Social Security system and built a supercomputer that beat contestants at “Jeopardy!” is reckoning with the punishing realities of the AI boom.

— The Wall Street Journal (@wsj.com) 2026-07-16T22:18:37.335442Z