IBM Plunges on Earnings Miss, HSBC Downgrade and AI Competitive Pressure

Stock Track07-14 19:09

IBM's stock tumbled 17% in pre-market trading on Tuesday, following the release of disappointing preliminary second-quarter financial results and a significant analyst downgrade.

The technology giant reported revenue growth of just 1% year-over-year to $17.2 billion, with its Infrastructure segment declining 7%. The company's GAAP diluted earnings per share fell 2% to $2.27, missing expectations. In a letter to investors, CEO Arvind Krishna acknowledged that performance was "worse than our expectations," citing client spending shifts toward supply-constrained hardware and industry-wide cybersecurity concerns that distracted from deal closures.

Adding to the negative sentiment, HSBC downgraded IBM to "Reduce" from "Hold" and slashed its price target to $191 from $231. Furthermore, market concerns were amplified by reports that Starbucks is developing AI-powered internal software tools to replace certain IBM applications, potentially signaling a broader threat to IBM's enterprise software and consulting business as AI lowers development barriers.

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Comments

Lewis Hurst
07-14 19:54
Lewis Hurst
"...spending shifts toward supply-constrained hardware..." This sounds like fancy-talk for increased spending on memory.
Hamiah
07-14 19:13
Hamiah
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The company&#39;s GAAP diluted earnings per share fell 2% to $2.27, missing expectations. In a letter to investors, CEO Arvind Krishna acknowledged that performance was &#34;worse than our expectations,&#34; citing client spending shifts toward supply-constrained hardware and industry-wide cybersecurity concerns that distracted from deal closures.</p><p>Adding to the negative sentiment, HSBC downgraded IBM to &#34;Reduce&#34; from &#34;Hold&#34; and slashed its price target to $191 from $231. Furthermore, market concerns were amplified by reports that Starbucks is developing AI-powered internal software tools to replace certain IBM applications, potentially signaling a broader threat to IBM&#39;s enterprise software and consulting business as AI lowers development barriers.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131438770","content_text":"IBM's stock tumbled 17% in pre-market trading on Tuesday, following the release of disappointing preliminary second-quarter financial results and a significant analyst downgrade.The technology giant reported revenue growth of just 1% year-over-year to $17.2 billion, with its Infrastructure segment declining 7%. The company's GAAP diluted earnings per share fell 2% to $2.27, missing expectations. In a letter to investors, CEO Arvind Krishna acknowledged that performance was \"worse than our expectations,\" citing client spending shifts toward supply-constrained hardware and industry-wide cybersecurity concerns that distracted from deal closures.Adding to the negative sentiment, HSBC downgraded IBM to \"Reduce\" from \"Hold\" and slashed its price target to $191 from $231. Furthermore, market concerns were amplified by reports that Starbucks is developing AI-powered internal software tools to replace certain IBM applications, potentially signaling a broader threat to IBM's enterprise software and consulting business as AI lowers development barriers.","news_type":1,"symbols_score_info":{"IBM":1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":585717308851416,"gmtCreate":1784027634390,"gmtModify":1784028028437,"author":{"id":"4225866006134732","authorId":"4225866006134732","name":"Hamiah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"4225866006134732","idStr":"4225866006134732"},"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/585717308851416","repostId":1131438770,"repostType":2,"repost":{"id":"1131438770","kind":"news","weMediaInfo":{"introduction":"Track stock‘s movements and relevant news","home_visible":1,"media_name":"Stock Track","id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"pubTimestamp":1784027381,"share":"https://ttm.financial/m/news/1131438770?lang=en_US&edition=fundamental","pubTime":"2026-07-14 19:09","market":"us","language":"en","title":"IBM Plunges on Earnings Miss, HSBC Downgrade and AI Competitive Pressure","url":"https://stock-news.laohu8.com/highlight/detail?id=1131438770","media":"Stock Track","summary":"$IBM(IBM)$'s stock tumbled 16.5% in pre-market trading on Tuesday, following the release of disappointing preliminary second-quarter financial results and a significant analyst downgrade.The...","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/IBM\">IBM</a>&#39;s stock tumbled 17% in pre-market trading on Tuesday, following the release of disappointing preliminary second-quarter financial results and a significant analyst downgrade.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ff3e6781702fdc845f06ed8bdad58328\" tg-width=\"538\" tg-height=\"158\"/></p><p>The technology giant reported revenue growth of just 1% year-over-year to $17.2 billion, with its Infrastructure segment declining 7%. The company&#39;s GAAP diluted earnings per share fell 2% to $2.27, missing expectations. In a letter to investors, CEO Arvind Krishna acknowledged that performance was &#34;worse than our expectations,&#34; citing client spending shifts toward supply-constrained hardware and industry-wide cybersecurity concerns that distracted from deal closures.</p><p>Adding to the negative sentiment, HSBC downgraded IBM to &#34;Reduce&#34; from &#34;Hold&#34; and slashed its price target to $191 from $231. Furthermore, market concerns were amplified by reports that Starbucks is developing AI-powered internal software tools to replace certain IBM applications, potentially signaling a broader threat to IBM&#39;s enterprise software and consulting business as AI lowers development barriers.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>IBM Plunges on Earnings Miss, HSBC Downgrade and AI Competitive Pressure</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIBM Plunges on Earnings Miss, HSBC Downgrade and AI Competitive Pressure\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-07-14 19:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/IBM\">IBM</a>&#39;s stock tumbled 17% in pre-market trading on Tuesday, following the release of disappointing preliminary second-quarter financial results and a significant analyst downgrade.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ff3e6781702fdc845f06ed8bdad58328\" tg-width=\"538\" tg-height=\"158\"/></p><p>The technology giant reported revenue growth of just 1% year-over-year to $17.2 billion, with its Infrastructure segment declining 7%. The company&#39;s GAAP diluted earnings per share fell 2% to $2.27, missing expectations. In a letter to investors, CEO Arvind Krishna acknowledged that performance was &#34;worse than our expectations,&#34; citing client spending shifts toward supply-constrained hardware and industry-wide cybersecurity concerns that distracted from deal closures.</p><p>Adding to the negative sentiment, HSBC downgraded IBM to &#34;Reduce&#34; from &#34;Hold&#34; and slashed its price target to $191 from $231. Furthermore, market concerns were amplified by reports that Starbucks is developing AI-powered internal software tools to replace certain IBM applications, potentially signaling a broader threat to IBM&#39;s enterprise software and consulting business as AI lowers development barriers.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131438770","content_text":"IBM's stock tumbled 17% in pre-market trading on Tuesday, following the release of disappointing preliminary second-quarter financial results and a significant analyst downgrade.The technology giant reported revenue growth of just 1% year-over-year to $17.2 billion, with its Infrastructure segment declining 7%. The company's GAAP diluted earnings per share fell 2% to $2.27, missing expectations. In a letter to investors, CEO Arvind Krishna acknowledged that performance was \"worse than our expectations,\" citing client spending shifts toward supply-constrained hardware and industry-wide cybersecurity concerns that distracted from deal closures.Adding to the negative sentiment, HSBC downgraded IBM to \"Reduce\" from \"Hold\" and slashed its price target to $191 from $231. Furthermore, market concerns were amplified by reports that Starbucks is developing AI-powered internal software tools to replace certain IBM applications, potentially signaling a broader threat to IBM's enterprise software and consulting business as AI lowers development barriers.","news_type":1,"symbols_score_info":{"IBM":1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":true,"newsSizeData":{"likeSize":7,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1131438770","isCrawlerRequest":true}