IBM CEO Arvind Krishna says early warning on earnings miss sent shares down more than 25% ahead of July 22 call

AI Market Summary
IBM's CEO preannounced an earnings shortfall and cut full-year revenue growth expectations by over $600m, triggering a >25% one-day stock drop. Management cited enterprise customers deferring infrastructure projects due to rising, supply-constrained data-center hardware costs, and noted AI-related attention shifts. The scale of the guidance reset and the severity of the equity reaction can tighten risk appetite toward legacy IT and infrastructure-exposed names in the near term.
Impact level
● Medium
Affected assets
NCSKIBMR2USD/USDT-1.36%
AI Insight · NCSKIBMR2USD/USDTAI Insight
▼ Bearish
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IBM CEO Arvind Krishna disclosed eight days before the earnings call that results would fall short, sending the stock down more than 25% in the company’s worst one-day performance. IBM cut its full-year revenue growth outlook by more than $600 million. Krishna attributed part of the reduction to customers delaying IBM projects as the cost of storage, servers and other data-center infrastructure rose.