IBM (IBM) Lowers 2026 Forecast, Adjusted Earnings at $2.93

IBM (IBM) lowered its full-year forecast for 2026, reporting adjusted earnings per share of $2.93, below the $2.97 expected. Revenue was $17.16 billion, also falling short of the projected $17.58 billion. Despite a year-over-year revenue growth of 1%, the net income dropped to $2.17 billion from $2.19 billion a year ago. The decline in shares by 25% marked the company's steepest single-day drop, with shares down 30% year-to-date, contrasting with a 10% increase in the S&P 500. This is significant for investors as it reflects ongoing challenges in sales performance and future growth expectations.