---
schema_version: "secwatch.filing_event.v1"
accession: "0000051143-24-000018"
form_type: "8-K"
ticker: "IBM"
cik: "0000051143"
company_name: "INTERNATIONAL BUSINESS MACHINES CORP"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T10:04:48.390186+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# IBM Q1 2024: Rev $14.5B, EPS $1.69; acquires HashiCorp for $35/share ($6.4B)

## Summary
- Revenue $14.5B (+1%; +3% cc); GAAP diluted EPS $1.69 (+66%); operating non-GAAP EPS $1.68 (+24%).
- Software revenue $5.9B (+5.5%); Consulting $5.2B (-0.2%); Infrastructure $3.1B (-0.7%).
- Announces $6.4B acquisition of HashiCorp at $35/share cash; expected close end of 2024.
- Free cash flow $1.9B (+$0.6B YoY); Full-year FCF guidance reaffirmed at ~$12B.

## SEC filing metadata
- accession: 0000051143-24-000018
- form_type: 8-K
- ticker: IBM
- cik: 0000051143
- company_name: INTERNATIONAL BUSINESS MACHINES CORP
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51143/000005114324000018/0000051143-24-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51143/000005114324000018/ibm-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000051143-24-000018
- JSON: https://secwatch.observer/filing/0000051143-24-000018.json
- Plain text: https://secwatch.observer/filing/0000051143-24-000018.txt

## Key facts
- Earnings Releases
  INTERNATIONAL BUSINESS MACHINES CORP reported first-quarter 2024 results: revenue $14.5 billion, net income $1.6 billion, EPS $1.69. Guidance reaffirmed.
  - Period: first-quarter 2024
  - Revenue: $14.5 billion
  - Net income: $1.6 billion
  - EPS: $1.69
  - Guidance: reaffirmed
  - Result: reported results
  source text: by the end of 2024, subject to approval by HashiCorp shareholders, regulatory approvals and other customary closing conditions . First-Quarter Highlights • Revenue – Revenue of $14.5 billion, up 1 percent, up 3 percent at constant currency – Software revenue up 5 percent, up 6 percent at constant currency – Consulting revenue flat, up 2 percent at constant currency –
  evidence_url: https://www.sec.gov/Archives/edgar/data/51143/000005114324000018/0000051143-24-000018-index.htm

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