IBM Issues Q2 Earnings Warning Amid Revenue and Profit Shortfalls
IBM issued a second-quarter earnings warning for fiscal year 2026, reporting revenue of $17.2 billion with adjusted earnings per share (EPS) at $2.93, both below analyst expectations. The stock dropped as much as 18% pre-market due to the shortfall attributed to client spending shifts toward hardware and supply chain issues.
Tickers: $IBM
Topics: IBM Q2 earnings warning stock decline