What did CEO Arvind Krishna say caused the miss?
In a letter to investors, Krishna wrote: "These conditions require our teams to execute perfectly, and this quarter we faltered. We did not adapt and move quickly enough, and numerous large deals failed to close on the timelines we expected, driving the majority of our shortfall."
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IBM Just Had Its Worst Trading Day in 115 YearsIBM stock crashed 25.2% on July 14, 2026, erasing $67 billion after a modest earnings miss — worse than Black Monday 1987.
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