Warnings of Earnings miss.
IBM shares slipped double digits in premarket trading after the firm released preliminary second-quarter results that fell short of expectations.
CEO Arvind Krishna blamed the shortfall on weakness in the software and infrastructure business because clients shifted money toward hardware purchases like memory chips.
In the past if ibm dropped 25% the whole market would also freak out and tank. The markets didn’t (actually ever so slightly up) people dont care about ibm anymore. And that should be the most terrifying part for all of us
You seem to do a lot of chest thumping. Everytime I hear about IBM's obituary we come back stronger than ever.
I don't pay attention to the noise. My first line told our team to continue to learn new skills and that things will be ok in the long run. I have faith in Arvind and the executive team.
@c6 f-c kin id iot
@c6 our leaders have failed us
Yes, the stock dipped. But I don't see red — I see a discount window for believers! 📉➡️📈 Our Hybrid Cloud + AI + Quantum + Consulting strategy is still firing on all thrusters. Growth isn't always linear, sometimes it's a spiral staircase — sometimes you go down a floor before you go up twelve! #BigBlue #OnwardAndUpward #TrustTheProcess #IBM
Most external US sales openings appear to be gone as of last week. This explains why.
@be they should have cut their loses on Albany years ago
@c2 I see you are back, IBM India HR liar-bot rage-bait troll shill spanky-pants id--t loser parasite. With your usual dish of BullSheet and Hype.
LOL ! Did you lead your team to lose in the hype about the Watson X Challenge ? or did you bluff you way through as a loser Tamil warrior ?
A 20% drop is disappointing, and nobody who supports IBM is celebrating it. But one difficult earnings reaction doesn't erase more than a century of innovation or determine the company's future.
Markets often overreact in the short term. IBM has faced serious challenges before and has reinvented itself multiple times throughout its history. I'll judge the company by what it does over the coming quarters and years, not by a single trading day.
If you're rooting for thousands of employees to fail because the stock had a bad day, that's your choice. I'm rooting for IBM to learn, improve, and succeed.
@c0 Could it be an announcement that all US IBMers get Arvind's 2026 bonus divided up amongst them ? It won't be much but better than nothing.
Or news that Arvind and Krabanaugh have quit or been fired for cause by the IBM board of trustees ?
None of these lame excuses from Arvind should be entertained for even a minute. The man needs to be sent to jail for fraud and cooking the books with Krabanaugh.
There is an executive mantra that says take all of your bad news on the same day. I would expect next Wednesday to be something positive.
@bw Overperform articles have gone to cover the gravesite of Dead Gerbil.
@ax yeah, where is IBM India HR liar-bot rage-bait troll shill spanky-pants id--t loser parasite ? He must have read the tea leaves about what was coming down today and decided to head for Arvind's toilet to hide out. Not a peep from him about leading his teams to fail or his executive promotion from Arvind.
@bs yes, that will happen when He-l Freezes over. Until then, they will be raking in their excessive bonuses and depositing their oversized paychecks starting of course with the chief loser at IBM, Arvind.
Where are all those articles from last quarter and maybe even earlier, with the analysts that had "Overperform" ratings on the IBM stock?
Great thread here. It highlights even more damage: how this sc--wed folks that just got their RSUs vested.
https://www.reddit.com/r/IBM/comments/1uw63ug/arvind_krishnas_letter_to_ibm_investors/
@bs Any executive jump out of the Armonk windows yet ?
So I imagine AK and the exec team are going on PIPs for losing 25% of the company's value
It's going to depend on the forward guidance issued on the earnings call. If they revise 2H revenue growth estimates down, look out below. You can't keep barking about AI and Quantum while growing slower than the inflation rate.
The beatings will continue until morale improves.
On July 14, 2026, IBM lost roughly $67 billion in market value in a single trading session. So what will happen to the $1 billion in government funding that was awarded for the Albany quantum fab? Is it just poof gone?
@bm he means the actually earnings call on July 22nd…. Expect stock to drop more then
@Bk Care to elaborate?
The bigger news is coming next week.
This announcement goal is to soften next week blow.
Well, it sounds like the only solution is to PIP/RA the more senior employees, hire more grads with AI "skills", and make a big announcement that IBM is rebalancing the workforce to accommodate the new company direction. I keep saying space travel to Mars is next, though IBM might just set its sights on Jupiter. To show it's ahead of the competition.
Last year, we had 2 people highly paid.
One is a useless POS manager, the second is a developer with very high skills.
The developer was let go, the POS useless manager is still su-king the blood of IBM.
These recent IBM results are not a surprise to anyone with some critical thinking.
Question now is can Red Hat continue to grow 10%+ with the Z17 cycle being kaput. Q3 results will be the tell. RH is carrying all of IBM now, if it falters turn out the lights lock the door and go home.
@OP Is Alvind hiding in the toilet today like the IBM stock price ?
@bd
Yup, it now appears that they were Huiming’s attempt to make the Albany site look relevant instead of the major cost center that it really is. If you go back and read the posts that were critical of these announcements, they pointed out the major glaring issues with each of them. They were little more than cheap publicity stunts and tricks that created a week of buzz. Now they’ve been exposed for what they really were. But hindsight is 20/20.
@bb 100% bullsh!t.
So how many billions did we lose today?
So all the quantum and sub 1nm news was just bullsh-t?
It boils down to innovation. What innovative ideas are coming out of each of the divisions
SW = none as they have adopted a buy and distribute model
Consulting = almost none as they have adopted a low cost labor model instead
Infrastructure = adopted a chip design and farming the IP model
In the possible words of Churchill. “Never let a good crisis go to waste”
@b3
Next, selling Power to the Indians.
@b3
I am guessing, Power will be completely sold to the Indians.
Ginni R would be celebrating this as a raging success
@ax
Rats are first to leave a sinking ship.
The lies! The manipulations!
The preannounce most likely means a restructuring charge. This is different vs an RA charge as restructuring means a fundamental change to the way IBM does business going forward