Business · 16 July 2026

IBM shares fall 25% after profit warning

IBM’s stock was on track for its steepest single-day decline since 1987, after reporting disappointing second-quarter results. The US tech giant blamed the drop on corporate customers shifting spending from software to datacentre and cybersecurity hardware. IBM's chief executive, Arvind Krishna, reported that many major clients acquired hardware in June, anticipating price increases.

By BriefTea Editorial · 16 July 2026 at 0:50

Reported by The Guardian · How we write briefs

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