IBM Earnings Miss Sends Shares Lower
IBM earnings miss sparked a pre-release selloff as Q2 EPS and revenue fell short, citing deal timing and supply-chain shifts before the July 22 call.
KEY TAKEAWAYS
- IBM reported preliminary Q2 adjusted EPS $2.93 on revenue $17.2 billion, below FactSet consensus.
- The preliminary update triggered a sharp premarket selloff and focused attention on the July 22 earnings call.
- Management blamed delayed large deals and supply-chain shifts, framing the miss as a timing and execution issue.
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International Business Machines (IBM) reported a preliminary second-quarter update that fell short of expectations, triggering a sharp premarket selloff. The company attributed the shortfall to delayed large deals and supply-chain shifts ahead of its scheduled July 22 earnings call.
Q2 2026 Results and Market Reaction
IBM’s preliminary second-quarter results showed adjusted earnings per share of $2.93 and revenue of $17.2 billion, below the FactSet consensus of $3.01 per share and $17.9 billion in revenue. Shares plunged in pre-release trading following the announcement.
A market report at 7:10 a.m. ET on July 14 published the company’s preliminary revenue expectation before the formal filing, intensifying the selloff.
Deal Timing, Supply-Chain Shifts, and Earnings Call
IBM said the shortfall reflected several large deals that failed to close on the expected timelines and supply-chain shifts. The company framed the miss as a timing and execution issue rather than a strategic change.
IBM’s investor-relations page scheduled the second-quarter earnings conference call for July 22, 2026, at 5:00 p.m. ET. This call will be the next focal point for investors and traders assessing near-term performance.
The company said it "will hold its quarterly conference call to discuss its second-quarter 2026 financial results on Wednesday, July 22, 2026 at 5:00 p.m. ET."
