IBM Stock Falls 6% Despite Beating Estimates
IBM shares dropped 6% in after-hours trading on April 23, 2026, even though the company reported first-quarter revenue and earnings that exceeded analyst expectations. The decline was triggered by IBM's decision to maintain its full-year forecast without raising it, which disappointed investors who had anticipated an upward revision following the strong quarterly performance. The company's conservative outlook overshadowed the positive earnings beat, leading to a negative market reaction.
Key facts
- IBM stock fell 6% after hours on April 23, 2026.
- IBM beat revenue and earnings estimates for Q1 2026.
- IBM held its full-year forecast steady.
- Investors expected an upgrade to the forecast after a strong quarter.
- The stock decline was driven by disappointment over the unchanged guidance.
Entities
Institutions
- IBM
Sources
- Quartz —