IBM slips after preliminary Q2 results miss expectations; software firms fall

ServiceNow

14/07/2026 12:17

** International Business Machines Corp IBM.N shares fall ~18% in pre-market trading on Tues after the co announces preliminary Q2 revenue below analyst estimates
** Co expects Q2 revenue of $17.2 bln, below the consensus estimate of $17.86 bln, per data compiled by LSEG 
** Shares of US software firms fall; ServiceNow NOW.N down 4.7%, Salesforce CRM.N off 5%, Accenture ACN.N down 5.5%, Intuit INTU.O down 3%, Oracle ORCL.N off 1.4%, Atlassian TEAM.O falls 4%, Adobe ADBE.O slips 3.3%
** IBM is set to report quarterly results after market close on July 22 
** YTD, IBM stock is down ~2%, underperforming a 9.8% rise in the S&P 500 .SPX
** The avg rating of 26 analysts covering the stock is 'buy' and their median PT is $293

 (Reporting by Rashika Singh in Bengaluru)
 ((Rashika.Singh@thomsonreuters.com;))