IBM Stock Loses 25%, Worst Day on Record
July 15th, 2026Via: CNBC:
International Business Machines shares plummeted 25% on Tuesday after the hardware, software and consulting provider released preliminary second-quarter results that fell short of expectations.
The stock logged its worst day on record, sinking further than its previous worst day of Oct. 19, 1987, when shares fell 23.7%. Records track trading activity back to 1968, though IBM has been a listed company on the New York Stock Exchange since 1916.
The tech company reported adjusted earnings of $2.93 a share on revenue of $17.2 billion, below analysts’ expectations for earnings of $3.01 a share and revenue of $17.86 billion, according to FactSet.
CEO Arvind Krishna blamed the shortfall on weakness in the software and infrastructure business, as clients shifted spending toward hardware purchases such as memory chips.
