IBM Plunge Triggers Tech Stock Selloff After Revenue Miss Warning
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IBM Plunge Triggers Tech Stock Selloff After Revenue Miss Warning Nauman Khan Tue, July 14, 2026 at 2:41 PM EDT 1 min read IBM CRM ADBE NOW MSFT This article first appeared on GuruFocus . International Business Machines ( NYSE:IBM ) shares tumbled on Tuesday after the company disclosed preliminary second-quarter results that fell short of Wall Street expectations. IBM said second-quarter revenue was approximately $17.2 billion, below analyst estimates of $17.85 billion. Adjusted earnings came in at $2.93 per share, compared with consensus forecasts of $3.02 per share. IBM attributed the weaker performance to a shift in customer spending late in the quarter. The company said some clients redirected technology budgets toward servers, storage and memory products amid concerns about supply availability and potential price increases. IBM also cited industrywide cybersecurity issues that may have influenced purchasing decisions. Warning! GuruFocus has detected 6 Warning Signs with NSE:KRISHANA. Is IBM fairly valued? Test your thesis with our free DCF calculator. The update pressured other enterprise software and consulting companies. ServiceNow (NOW) fell nearly 5% in morning trading, while Salesforce ( NYSE:CRM ) declined about 5%. Adobe ( NASDAQ:ADBE ), Workday (WDAY), HubSpot (HUBS), Datadog (DDOG) and Microsoft ( NASDAQ:MSFT ) each dropped more than 3%. Consulting firms were also under pressure, with Accenture (ACN) and Cognizant Technology Solutions (CTSH) moving lower. IBM shares plunged more than 15% after the opening bell. The company is scheduled to discuss full results and its outlook during an earnings call on July 22.
AI 시장 분석
IBM's second-quarter earnings plummeted unexpectedly, leading to a decline in tech stocks. IBM's earnings came in at $1.72 billion, lower than expected, and followed by declines in Snow (SNOW), Salesforce (CRM), Adobe (ADBE), and Microsoft (MSFT).
상승 영향
- Software — The decline in IBM's earnings has no impact on tech stock prices.
하락 영향
- Software — The decline in IBM's earnings is affecting tech stock prices and customer purchasing decisions.
- Software — The decline in IBM's earnings is leading to declines in Snow (SNOW), Salesforce (CRM), Adobe (ADBE), and Microsoft (MSFT).
DYAX 전담 분석
The decline in IBM's earnings is not directly affecting the prices of tech stocks. The earnings drop is not impacting customers' purchasing decisions.
AI가 생성한 분석으로 투자 자문이 아닙니다.
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