secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL BUSINESS MACHINES CORP (IBM)
CIK:        0000051143
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0000051143-25-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51143/000005114325000026/0000051143-25-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51143/000005114325000026/ibm-20250423.htm
  HTML page:      https://secwatch.observer/filing/0000051143-25-000026

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