IBM
NYSE
Technology
$212.67
USD
-$6.38 (-2.91%)
At close: Jul 17, 2026, 4:00 PM EDT
Market Cap:
$198.38B
Volume:
13.1M
Previous Close
$219.05
Day Range
$210.22 - $217.17
52 Week Range
$204.44 - $332.46
Average Volume (10 Days)
16.8M
P/E Ratio (TTM)
18.45
Dividend Yield
3.17%
International Business Machines Corp. is an information technology company, which engages in the provision of integrated solutions that leverage information technology and knowledge of business processes. The company is headquartered in Armonk, New York and currently employs 286,800 full-time employees. The Company’s segments include Software, Consulting, Infrastructure and Financing. The Software segment includes hybrid cloud and AI platforms, which allow clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on integrating skills on strategy, experience, technology and operations by domain and industry. The Infrastructure segment is focused on the hybrid cloud infrastructure market, providing on-premises and cloud-based server and storage solutions. In addition, it offers a portfolio of life-cycle services for hybrid cloud infrastructure deployment. The Financing segment provides client and commercial financing, facilitating its clients’ acquisition of hardware, software and services. The company helps clients in more than 175 countries.
CEO
Mr. Arvind Krishna
Headquaters
Armonk, NEW YORK, US
Founded
1915
Employees
286,800
IBM warned that its second-quarter revenue would fall short of analyst estimates, causing shares to plummet 25.2%. The sharp decline came during an otherwise positive earnings season, with major banks delivering strong results. The revenue miss signals potential headwinds for IBM's business amid an important reporting period for the tech sector.
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Holders face extended pressure as customers divert budgets toward servers and memory amid supply constraints, delaying mainframe and software purchases. Software weakness contradicts IBM's positioning as an enterprise AI beneficiary.
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IBM released preliminary second-quarter results showing revenue of $17.2 billion (up 1%) and adjusted EPS of $2.93, both below analyst expectations. The shortfall was driven by weaker-than-expected z17 mainframe sales and customers prioritizing servers, storage, and memory over mainframes due to anticipated price increases. CEO Arvind Krishna acknowledged execution challenges and deals that failed to close on time.
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IBM warned clients redirected quarterly IT budgets toward AI infrastructure in late June, leaving software deals unclosed and exposing execution risk. The guidance miss suggests sector-wide capex reallocation pressure on enterprise software.
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Starbucks is developing in-house AI-assisted software that could replace maintenance management tools from IBM and inventory systems from Microsoft. The coffee chain spends approximately $400 million annually on software and aims to cut $10 million in software spending this fiscal year as part of a broader $2 billion cost-reduction turnaround plan.
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IT
Gartner Inc
$140.19
-1.9%