IBM Warns of Fall in Quarterly Earnings

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IBM Warns of Fall in Quarterly Earnings

Dow Jones07-14 19:23

International Business Machines warned of weakness in the latest quarter as a number of large deals failed to close on the timelines anticipated and supply chains shifted.

The company said it expects second-quarter earnings per share will be down 2% on a year earlier at about $2.27, while its pretax income margin at a projected 14.4% is expected to have contracted 90 basis points.

Revenue for the quarter is forecast at $17.2 billion, up 1%. That includes a 5% rise in software revenue, flat consulting revenue and a 7% drop in infrastructure revenue.

The guidance weighed heavily on IBM's shares ahead of the opening bell, sinking the stock 17% to $240.18. As of Monday's close, the shares had been down 2% so far this year but up 21% in the last three months.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

July 14, 2026 07:23 ET (11:23 GMT)

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Stewart at robb.stewart@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 14, 2026 07:23 ET (11:23 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IBM","symbol_name":"IBM","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2651701871","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2651701871","pubTimestamp":1784028180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"International Business Machines warned of weakness in the latest quarter as a number of large deals failed to close on the timelines anticipated and supply chains shifted.The company said it expects second-quarter earnings per share will be down 2% on a year earlier at about $2.27, while its pretax income margin at a projected 14.4% is expected to have contracted 90 basis points.Revenue for the quarter is forecast at $17.2 billion, up 1%. 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Stewart at robb.stewart@wsj.com Dow Jones NewswiresJuly 14, 2026 07:23 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"IBM":"IBM"},"translate_title":"IBM 警告季度收益下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IBM":1.5},"content_text":"International Business Machines warned of weakness in the latest quarter as a number of large deals failed to close on the timelines anticipated and supply chains shifted. \n\n\n  The company said it expects second-quarter earnings per share will be down 2% on a year earlier at about $2.27, while its pretax income margin at a projected 14.4% is expected to have contracted 90 basis points. \n\n\n  Revenue for the quarter is forecast at $17.2 billion, up 1%. That includes a 5% rise in software revenue, flat consulting revenue and a 7% drop in infrastructure revenue. \n\n\n  The guidance weighed heavily on IBM's shares ahead of the opening bell, sinking the stock 17% to $240.18. As of Monday's close, the shares had been down 2% so far this year but up 21% in the last three months. \n\n\n \n\n\n  Write to Robb M. Stewart at robb.stewart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 14, 2026 07:23 ET (11:23 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}