International Business Machines is trading 4.21% down at $240.49 after one report attributed the negative reaction to its unchanged revenue-growth outlook.
- The October 21, 2026, earnings release showed the quarter beat revenue and earnings expectations.
- Management raised its software-growth outlook, while the full-year constant-currency revenue-growth range remained 4%–5%.
- Consulting revenue was flat, and adjusted gross margin came in below consensus.