---
schema_version: "secwatch.filing_event.v1"
accession: "0000051143-24-000004"
form_type: "8-K"
ticker: "IBM"
cik: "0000051143"
company_name: "INTERNATIONAL BUSINESS MACHINES CORP"
filed_at: "2024-01-24T23:59:59+00:00"
generated_at: "2026-06-06T19:32:28.393626+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IBM Q4 revenue $17.4B +4% YoY; guides FY2024 FCF ~$12B

## Summary
- Q4 GAAP EPS $3.54 (+13%); non-GAAP $3.87 (+8%). Revenue $17.4B (+4%, +3% cc).
- Software $7.5B (+3%), Consulting $5.0B (+6%), Infrastructure $4.6B (+3%).
- Full-year free cash flow $11.2B (+$1.9B); FY2024 FCF guidance ~$12B.
- AI book of business (watsonx/gen AI) roughly doubled Q3→Q4; 2024 rev growth seen mid-single digit.

## SEC filing metadata
- accession: 0000051143-24-000004
- form_type: 8-K
- ticker: IBM
- cik: 0000051143
- company_name: INTERNATIONAL BUSINESS MACHINES CORP
- filed_at: 2024-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51143/000005114324000004/0000051143-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51143/000005114324000004/ibm-20240124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000051143-24-000004
- JSON: https://secwatch.observer/filing/0000051143-24-000004.json
- Plain text: https://secwatch.observer/filing/0000051143-24-000004.txt

## Key facts
- Earnings Releases
  INTERNATIONAL BUSINESS MACHINES CORP reported quarter ended December 31, 2023 / fourth-quarter 2023 results: revenue $17.4 billion, net income $3.3 billion, EPS $3.54.
  - Period: quarter ended December 31, 2023 / fourth-quarter 2023
  - Revenue: $17.4 billion
  - Net income: $3.3 billion
  - EPS: $3.54
  - Result: reported results
  source text: for 2024 we expect revenue performance in line with our mid-single digit model and about $12 billion in free cash flow.” Fourth-Quarter Highlights • Revenue – Revenue of $17.4 billion, up 4 percent, up 3 percent at constant currency – Software revenue up 3 percent, up 2 percent at constant currency – Consulting revenue up 6 percent, up 5 percent at constant
  evidence_url: https://www.sec.gov/Archives/edgar/data/51143/000005114324000004/0000051143-24-000004-index.htm
- Earnings Releases
  INTERNATIONAL BUSINESS MACHINES CORP reported fiscal year ended December 31, 2023 results: revenue $61.9 billion, net income $7.5 billion, EPS $8.15.
  - Period: fiscal year ended December 31, 2023
  - Revenue: $61.9 billion
  - Net income: $7.5 billion
  - EPS: $8.15
  - Result: reported results
  source text: 60.1 percent, up 1.4 points – Pre-Tax Income Margin: GAAP: 21.6 percent, up 1.8 points; Operating (Non-GAAP): 24.0 percent, up 1.1 points Full-Year Highlights • Revenue of $61.9 billion, up 2 percent, up 3 percent at constant currency – Software revenue up 5 percent – Consulting revenue up 5 percent, up 6 percent at constant currency – Infrastructure revenue
  evidence_url: https://www.sec.gov/Archives/edgar/data/51143/000005114324000004/0000051143-24-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.