IBM Stock Stabilizes Around $233 as Revenue Growth Slows

IBM stock is trading in the mid-$230s as of August 20, 2026, after recent closes around $233.43 on the New York Stock Exchange.

The company's Q2 2026 results show adjusted earnings of $2.93 per share, a 5% year-over-year increase that met consensus expectations.

However, revenue reached only $17.16 billion in Q2 2026, falling short of the $17.32 billion consensus estimate due to delayed large software deals and softer mainframe-related sales.

Management now expects constant-currency revenue growth of 4% to 5% for full-year 2026, down from a prior outlook calling for more than 5% growth.