---
schema_version: "secwatch.filing_event.v1"
accession: "0000051143-24-000043"
form_type: "8-K"
ticker: "IBM"
cik: "0000051143"
company_name: "INTERNATIONAL BUSINESS MACHINES CORP"
filed_at: "2024-10-23T23:59:59+00:00"
generated_at: "2026-05-30T11:14:08.332769+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# IBM Q3: Op EPS $2.30, revenue $15B +1%; Software +10%, Red Hat +14%; FCF >$12B FY guide

## Summary
- Revenue $15.0B (+1%, +2% cc); GAAP EPS -$0.34 (incl $2.7B pension charge), Op EPS $2.30 (+5%).
- Software $6.5B (+10%) led by Red Hat +14%, Automation +13%; Consulting flat, Infra -7%.
- Free cash flow Q3 $2.1B, YTD $6.6B; FY guide >$12B FCF; $1.5B returned via dividends in Q3.
- GenAI book of business >$3B, up >$1B QoQ; Q4 constant currency growth expected consistent with Q3.
- Gross margin GAAP 56.3% (+190bps), Op 57.5% (+210bps); operating margin expanded.

## SEC filing metadata
- accession: 0000051143-24-000043
- form_type: 8-K
- ticker: IBM
- cik: 0000051143
- company_name: INTERNATIONAL BUSINESS MACHINES CORP
- filed_at: 2024-10-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51143/000005114324000043/0000051143-24-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51143/000005114324000043/ibm-20241023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000051143-24-000043
- JSON: https://secwatch.observer/filing/0000051143-24-000043.json
- Plain text: https://secwatch.observer/filing/0000051143-24-000043.txt

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