secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL BUSINESS MACHINES CORP (IBM)
CIK:        0000051143
Form:       8-K
Filed at:   2025-10-22T23:59:59+00:00
Accession:  0000051143-25-000061
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IBM Q3 revenue $16.3B (+9% YoY); raises FY revenue and FCF guidance
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- GAAP EPS $1.84; operating (non-GAAP) EPS $2.65, up 15% YoY; gross margin improved 1.1 pts to 57.3%.
- Software $7.2B (+10%), Consulting $5.3B (+3%), Infrastructure $3.6B (+17%); all segments grew.
- AI book of business exceeded $9.5B; Red Hat +14%, Automation +24%, IBM Z +61%.
- FY25 outlook raised: constant-currency revenue growth >5%, free cash flow ~$14B.
- Declares regular quarterly dividend of $1.68/share, payable Dec 10, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51143/000005114325000061/0000051143-25-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51143/000005114325000061/ibm-20251022.htm
  HTML page:      https://secwatch.observer/filing/0000051143-25-000061

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