IBM earnings were strong, so why is the stock price sliding today? Here’s what has investors spooked

IBM announced strong second quarter 2025 earnings that beat expectations on many points, helped in part by response to its new AI-focused mainframe computer. So why is the stock sliding today? First, a look at the results.

IBM Q2 2025 earnings results

Shares in the stock (NYSE: IBM) were down over 8% on Thursday in midday trading, after the tech giant beat expectations for “revenue, profit, and free cash flow” this quarter. The company reported revenue of $16.98 billion, topping expectations of $16.59 billion...