IBM CEO Arvind Krishna described the April–June 2026 quarter’s revenue falling short of expectations and the share price plunging as “we stumbled.” He explained in writing that the company had been unable to respond quickly enough to abrupt changes in market conditions.
IBM CEO Arvind Krishna described the fact that revenue for the April–June 2026 quarter fell short of analysts’ expectations and the share price plunged 25% as “we stumbled.” In a written communication to stakeholders, he acknowledged that the company’s response to rapid changes in market conditions had been delayed.
The communication stated that the company had been unable to respond with sufficient speed to changes in market conditions, including spending trends among major customers.