IBM Stock Plummets 25% in Biggest Drop in Over 50 Years After Earnings Warning
How 4 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Calcalist · 23 hours ago
What happened
IBM's stock plunged 25.2% on July 11, 2023, marking its largest daily drop in over 50 years and wiping out up to $67 billion in market value. The decline followed a disappointing earnings preview for Q2 2026, with revenue and earnings missing analyst expectations amid a sudden shift in customer spending priorities. CEO Arvind Krishna cited internal execution failures and delayed software deals as key factors. The drop impacted the broader software sector, though IBM reaffirmed its commitment to long-term investments in quantum computing and software initiatives.
- 01IBM's stock fell 25.2%, its steepest drop in over 50 years, erasing up to $67 billion in value.
- 02Q2 2026 preliminary revenue of $17.2 billion and EPS of $2.93 missed Wall Street estimates.
- 03CEO Arvind Krishna blamed a sudden shift to hardware purchases delaying software deals.
- 04HSBC downgraded IBM shares to "Reduce" and cut the price target to $191.
- 05The decline affected the wider software sector, with Microsoft and ServiceNow shares falling.
- 06IBM reaffirmed long-term investments including a $5 billion Lightwell project and $10 billion quantum computing plan.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 4 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
