The Law Offices of Frank R. Cruz announces an investigation of International Business Machines Corporation (“IBM” or the “Company”) (NYSE: IBM) on behalf of investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.

What Is the Investigation About?

On July 14, 2026, IBM reported preliminary second quarter 2026 financial results, including that it anticipates infrastructure revenue to decline 7% and software revenue to increase only 5%. CEO Arvind Krishna in a letter to IBM Investors, stated "this quarter we faltered. We did not adapt and move quickly enough, and numerous large deals failed to close on the timelines we expected, driving the majority of our shortfall."

The Company also admitted there was a “software and infrastructure performance shortfall,” in part due to “performance and the associated software stack” of Z, a new family of mainframes built for AI.

The Company also disclosed it “saw clients shift their quarterly capex spend toward servers, storage, and memory purchases” and “[w]hile we anticipated some supply chain related impact in our expectations, we did not anticipate the magnitude of the capex reprioritization.”

On this news, IBM’s stock price fell $73.16, or 25.2%, to close at $217.07 per share on July 14, 2026, thereby injuring investors.

Contact Us to Participate or Learn More:

If you purchased IBM securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

The Law Offices of Frank R. Cruz
2121 Avenue of the Stars, Suite 800
Century City, California 90067
Call us at: 310-914-5007
Email us at: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260715713305/en/