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IBM Full Q2 Results Due Tuesday July 22 — Can Arvind Krishna Salvage Guidance After Record 25.2% One-Day Crash?

Jul 20, 2026

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IBM Full Q2 Results Due Tuesday July 22 — Can Arvind Krishna Salvage Guidance After Record 25.2% One-Day Crash?

IBM reports full Q2 2026 results Tuesday after its record 25.2% single-day stock crash on July 14, when preliminary figures showed revenue of $17.2 billion — $660 million below estimates — and adjusted EPS of $2.93 versus the $3.01 consensus. IBM's market cap has fallen below $200 billion. Investors will focus on whether management cuts full-year 2026 guidance and whether the large enterprise deals that slipped out of Q2 were delayed or permanently lost amid a sudden shift to hardware spending.

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