IBM shares drop over 25% after profit warning and missed revenue expectations
IBM's shares plummeted more than 25% on Tuesday after the company issued a profit warning following disappointing second-quarter results. Revenue for the quarter was $17.2 billion, below analysts' expectations of $17.86 billion. The decline signifies a troubling shift in corporate spending towards infrastructure and cybersecurity amid rising artificial intelligence demands.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 14 Jul 2026, 16:38 UTC · Updated 14 Jul 2026, 16:50 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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