International Business Machines is trading at $219.16 (-24.58%) after reporting preliminary second-quarter 2026 results that featured a significant infrastructure shortfall.
- Revenue rose just 1% to $17.2 billion, as a 5% increase in Software was offset by a 7% decline in Infrastructure and flat Consulting performance.
- The move comes despite a 5% increase in operating EPS to $2.93, as investors focus on the mixed segment results rather than broad market action.