---
schema_version: "secwatch.filing_event.v1"
accession: "0000051143-25-000026"
form_type: "8-K"
ticker: "IBM"
cik: "0000051143"
company_name: "INTERNATIONAL BUSINESS MACHINES CORP"
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T08:32:24.562294+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IBM Q1 revenue $14.5B (+1% YoY), GAAP EPS $1.12, operating EPS $1.60; guidance maintained

## Summary
- Revenue $14.5B up 1% (2% cc); Software +7% (9% cc), Consulting -2%, Infrastructure -6%.
- GAAP diluted EPS $1.12 (-34% YoY); operating (non-GAAP) diluted EPS $1.60 (-5%).
- GAAP gross margin 55.2% (+170bps); operating gross margin 56.6% (+190bps).
- Free cash flow $2.0B (+$0.1B); full-year FCF guidance maintained at ~$13.5B.
- Generative AI book of business >$6B inception-to-date, +$1B in Q1.

## SEC filing metadata
- accession: 0000051143-25-000026
- form_type: 8-K
- ticker: IBM
- cik: 0000051143
- company_name: INTERNATIONAL BUSINESS MACHINES CORP
- filed_at: 2025-04-23T23:59:59+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/51143/000005114325000026/0000051143-25-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51143/000005114325000026/ibm-20250423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000051143-25-000026
- JSON: https://secwatch.observer/filing/0000051143-25-000026.json
- Plain text: https://secwatch.observer/filing/0000051143-25-000026.txt

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