secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL BUSINESS MACHINES CORP (IBM)
CIK:        0000051143
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000051143-23-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IBM Q3 revenue up 4.6% to $14.8B; operating EPS $2.20; free cash flow $1.7B
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- Revenue $14.8B, +4.6% YoY (+3.5% cc); software +8%, consulting +6%, infrastructure -2%.
- GAAP EPS $1.86; operating (non-GAAP) EPS $2.20 (+22% YoY).
- Free cash flow $1.7B in Q3, up $0.9B YoY; YTD FCF $5.1B, up $1.0B.
- Full-year 2023 guidance: constant currency revenue growth 3%-5%, FCF ~$10.5B (up >$1B YoY).
- Segment: Red Hat +9%, Automation +14%, Data & AI +6%; IBM zSystems +9%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51143/000005114323000026/0000051143-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51143/000005114323000026/ibm-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000051143-23-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer