IBM Stock Traded Below Targets After Q2 Revenue Miss
IBM stock is trading at $235.97 on August 23, 2026, after reporting a Q2 2026 revenue miss of $17.16 billion, which fell short of consensus expectations of $17.46 billion.
The company's software business showed strong growth, with annual recurring revenue reaching $24.6 billion and rising 8 percent year over year.
However, the traditional infrastructure and mainframe businesses struggled, with revenue declining 7.4 percent and 42 percent respectively.
The company's generative AI order book crossed $12.5 billion by Q2 2026, providing a clear signal of demand for IBM's AI platforms and services across industries.
Analyst sentiment remains constructive, with a mean price target of $265.40 per share, implying upside of roughly $29.43 from the current quote.