IBM CEO Admits Slow Adaptation Amid Historic Stock Drop

IBM shares fell by a record 25% after CEO Arvind Krishna admitted in an investor letter that the company failed to adapt quickly enough, following a surprise earnings miss. The stock decline marked IBM's worst single-day drop since its founding over 115 years ago.

By Tatiana Sataua Wed, July 15, 2026 at 11:56 PM GMT+3 2 min read · Yahoo Finance · July 15, 2026, 20:56 UTC

IBM CEO Admits Slow Adaptation Amid Historic Stock Drop

Tickers: $IBM

Topics: CEO Statement Earnings Report IBM Market Reaction Stock Crash

Read the full article at Yahoo Finance

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