# IBM Stock 29% Below June High

> IBM stock drops 29% from June high as software growth stalls.
- Title: IBM Stock 29% Below June High · The Motley Fool | Shortify
- Summary: IBM stock drops 29% from June high as software growth stalls. IBM stock trades 29% below June high with software growth at 5% as it awaits third-quarter…
- Keywords: ibm, software, stock, revenue, quarterly, dividend, ibm stock, software growth, third quarter, finance, money, Below
- Source: The Motley Fool — https://fool.com/investing/2026/10/19/ibm-reports-oct-21-should-you-buy-the-stock-29-below-its-june-record
- Author: Daniel Sparks
- Published: 2026-10-19T10:21:02+00:00
- Read time: 1 min
- Topics: ibm, software, stock, revenue, quarterly, dividend, ibm stock, software growth, third quarter, finance, money
## IBM stock price
Shares trade around $234 two days before Wednesday's third-quarter report.
## Stock decline
IBM stock has fallen 21% in 2026 and is 29% below June's all-time high of $329.23.
## Software growth slowdown
Software revenue grew 5% year over year but without acquisitions, it was flat.
## Quarterly software performance
Software segment revenue grew 14% in Q4 2025, eased to 11% in Q1 2026, and 5% in Q2 2026.
## Management explanation
CFO James Kavanaugh said customers moved budgets to hardware before price rises.
## Recurring revenue growth
Recurring revenue rose 7% in Q1 and accelerated to 8% in Q2 with potential for 10% in H2.
## Expected software growth
IBM expects software revenue growth of 6% to 8% this year with potential for double-digit growth in H2.
## Dividend yield
IBM's dividend yields around 2.9% with 31 straight quarterly increases.
## Key takeaway

IBM stock trades 29% below June high with software growth at 5% as it awaits third-quarter results.