IBM Pre-Announces Q2 Revenue Miss Amid AI Spending Shifts

IBM pre-announced weaker-than-expected second-quarter revenue of $17.2 billion, up just 1% year-over-year and below its own guidance. The miss led to a significant drop in IBM's stock price, with shares falling nearly 24%. CEO Arvind Krishna attributed the decline partly to shifting technology budgets toward AI investments.

By Daniel Sparks, The Motley Fool Fri, July 17, 2026 at 5:01 AM GMT+3 5 min read · Yahoo Finance · July 17, 2026, 02:01 UTC

Tickers: $IBM $NVDA

Topics: AI earnings miss IBM Nvidia

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