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IBMRevenue

International Business Machines Corporation (IBM) $68 Billion Wipeout Amid Z Shortfall Triggers Investigation

What happened

IBM announced that for Q2 2026, total revenue was up 1% and Infrastructure revenue declined 7%, a significant shortfall from previous guidance.

Source

Article excerpt

SAN FRANCISCO, Sept. 23, 2026 (GLOBE NEWSWIRE) -- National shareholder rights firm Hagens Berman is investigating potential violations of U.S. securities laws by blue chip company International Business Machines Corporation (NYSE: IBM) after its CEO Arvind Krishna previewed disastrous Q2 2026 financial results on July 14, 2026. The market’s immediate reaction was to send the price of IBM shares down a massive 25%, erasing over $68 billion of its market capitalization in one day. Among other matters, the CEO revealed in a letter to shareholders serious problems in the company’s Z performance. The firm urges IBM investors with substantial losses to submit your losses now and invites persons who may be able to assist in the investigation to contact its attorneys. Visit: http://www.hbsslaw.com/ibm Contact the Firm Now: I***@hbsslaw.com 844-916-0895 Focus of HBSS’ IBM Investigation: The firm’s focus is on the propriety of IBM’s statements about IBM Z, a family of enterprise mainframe computers renowned for reliability, processing scale, and security. IBM has since early April 2025 touted the IBM z17 -- its flagship, enterprise-grade mainframe, engineered for real-time artificial intelligence processing at an unprecedented scale. On April 22, 2026 IBM reported a strong start to 2026, with its quarterly Infrastructure, Hybrid Infrastructure, and IBM Z revenues up 15%, 28% and 51%...

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Extracted from this sentence

On July 14, 2026, the company announced that, in contrast to assurances of “5-plus” Q2 2026 revenue growth, total revenue was up a paltry 1% and Infrastructure revenue declined 7%.

Extracted by Autobound

From the Signal API record
Event
Revenue

What this signalsRevenue results often set the next budget cycle.

Takes effect
Jul 14, 2026

More revenue signals at other companies

The full record

From the Signal API record

Extraction

Confidence
90%
Detected
Sep 23, 2026
signal_type
news
signal_subtype
has_revenue

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/0e13a171-5d42-08e0-16a8-64f8ec28bb47 returns this record as JSON. POST /v1/companies/enrich returns every signal for ibm.com.

{
  "signal_id": "0e13a171-5d42-08e0-16a8-64f8ec28bb47",
  "signal_type": "news",
  "signal_subtype": "has_revenue",
  "detected_at": "2026-09-23T16:12:00+00:00",
  "company": {
    "name": "IBM",
    "domain": "ibm.com"
  },
  "data": {
    "url": "https://www.globenewswire.com/news-release/2026/09/23/3367731/32716/en/international-business-machines-corporation-ibm-68-billion-wipeout-amid-z-shortfall-triggers-investigation-hbss.html",
    "title": "International Business Machines Corporation (IBM) $68 Billion Wipeout Amid Z Shortfall Triggers Investigation - HBSS",
    "excerpt": "SAN FRANCISCO, Sept. 23, 2026 (GLOBE NEWSWIRE) -- National shareholder rights firm Hagens Berman is investigating potential violations of U.S. securities laws by blue chip company International Business Machines Corporation (NYSE: IBM) after its CEO Arvind Krishna previewed disastrous Q2 2026 financial results on July 14, 2026. The market’s immediate reaction was to send the price of IBM shares down a massive 25%, erasing over $68 billion of its market capitalization in one day. Among other matters, the CEO revealed in a letter to shareholders serious problems in the company’s Z performance. The firm urges IBM investors with substantial losses to submit your losses now and invites persons who may be able to assist in the investigation to contact its attorneys. Visit: http://www.hbsslaw.com/ibm Contact the Firm Now: I***@hbsslaw.com 844-916-0895 Focus of HBSS’ IBM Investigation: The firm’s focus is on the propriety of IBM’s statements about IBM Z, a family of enterprise mainframe computers renowned for reliability, processing scale, and security. IBM has since early April 2025 touted the IBM z17 -- its flagship, enterprise-grade mainframe, engineered for real-time artificial intelligence processing at an unprecedented scale. On April 22, 2026 IBM reported a strong start to 2026, with its quarterly Infrastructure, Hybrid Infrastructure, and IBM Z revenues up 15%, 28% and 51%...",
    "summary": "IBM announced that for Q2 2026, total revenue was up 1% and Infrastructure revenue declined 7%, a significant shortfall from previous guidance.",
    "planning": false,
    "image_url": "https://ml.globenewswire.com/Resource/Download/2c81cd72-0ffb-43c9-9d0f-b622c3e44e43",
    "confidence": 0.9,
    "published_at": "2026-09-23T16:12:00Z",
    "effective_date": "2026-07-14",
    "article_sentence": "On July 14, 2026, the company announced that, in contrast to assurances of “5-plus” Q2 2026 revenue growth, total revenue was up a paltry 1% and Infrastructure revenue declined 7%."
  }
}

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