IBM (IBM) Q2 Earnings Miss Sends Shares Down 21.6%
What happened
IBM shares fell 21.62% on July 14, 2026, after the company disclosed that preliminary second-quarter results tracked beneath internal expectations. The stock traded at $290.23 following the disclosure, placing IBM among the session's worst-performing names. The shortfall represents a material deviation from prior guidance and prompted a sharp single-session repricing. No revised full-year outlook has been reported in conjunction with the preliminary warning.
The QL Read
IBM's composite signal sits at 63/100 heading into the session, yet the stock ranks among the S&P 500's weakest performers on the day with a 21.62% decline. Market breadth is modestly positive at 52.9% advancing, suggesting the selloff is stock-specific rather than tape-driven; the next signal refresh will show whether the composite score moves below 50.