IBM shares fell 25% to $211 after bad earnings rpt. Will it bounce back to finish the week above $230?
91% of users predicted NO — the community got this one right. 34 predictions cast.
IBM shares fell about 25% on July 17, 2026, after the company pre-announced second-quarter results well below analyst expectations, marking one of the stock's steepest single-day declines in decades. IBM reported preliminary revenue of $17.2 billion, short of the $17.86 billion consensus, with adjusted earnings of $2.93 per share versus expectations of $3.02. The company said customers are shifting spending away from legacy software and mainframe products toward AI servers and memory, a trend investors read as a structural threat to IBM's consulting and infrastructure business. The stock closed the session near $211, erasing tens of billions of dollars in market value.
IBM's formal earnings call was scheduled for July 22, five days after the pre-announcement, leaving investors an unusually long window to digest the miss without further management commentary. A rebound to above $230 by the end of the week would have required roughly a 9% gain in a few trading days; instead the stock stayed depressed through Friday's close. Predict Six users, who were 91% confident heading into resolution, correctly anticipated no bounce back.