IBM shares skid more than 20% after company warns second-quarter earnings fell short of expectations

CEO blamed the shortfall on weakness in the software and infrastructure business because clients shifted money toward hardware purchases.

# IBM shares skid more than 20% after company warns second-quarter earnings fell short of expectations CEO blamed the shortfall on weakness in the software and infrastructure business because clients shifted money toward hardware purchases. **Read the full article:** [CNBC](https://www.cnbc.com/2026/07/14/ibm-warns-second-quarter-earnings-fell-short-of-expectations.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*