IBM Earnings in Focus: Can AI momentum revive investor confidence?

IBM is set to report its second-quarter earnings on Wednesday, with consensus estimates pointing to revenue of around $17.2 billion and adjusted EPS of about $2.93. Shares have stabilised in the $210-$215 range after plunging nearly 25% earlier this month following disappointing preliminary results. Investors are focused on AI demand, software growth, consulting performance and management's outlook to gauge whether the recent decline was an overreaction.