IBM Warns of Q2 Revenue Miss Amid Shift in Corporate Spending

IBM reported preliminary second-quarter revenue below expectations due to a shift in corporate spending toward hardware. This caused its stock price to drop significantly, marking one of the worst single-day declines in nearly four decades.

By Opeyemi Babalola · TheStreet · July 15, 2026, 14:07 UTC

Tickers: $IBM $MU $SKHYV

Topics: capital reallocation IBM memory shortage revenue miss stock price drop

Read the full article at TheStreet

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