IBM's Early July Earnings Warning Sent Shares Down 25.2% and Cost Employees $400 Million in 401(k)s

IBM released preliminary second-quarter results on July 14, 2026, showing earnings below expectations. Yahoo Finance reported the stock plunged 25.2%, heading toward its worst day in nearly 40 years. MarketWatch reported that IBM employees lost more than $400 million in their 401(k) retirement accounts. IBM published final second-quarter results on July 22.